Anadolu Efes Biracilik ve Malt Sanayi AS (AEFES) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Anadolu Efes Biracilik ve Malt Sanayi AS stock TRY 20.43, price TRY 15.43, upside +32.4%, quality 26 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Anadolu Efes Biracilik ve Malt Sanayi AS
AEFES · ISThe stock costs 24% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range 1.75 TRY – 29.40 TRY · fair‑value band 14.30 TRY – 26.39 TRY · the 15.43 TRY price screens below the 20.43 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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Company profile
Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi, together with its subsidiaries, engages in the production, bottling, distribution, marketing, and sale of beer, malt, non-carbonated, and non-alcoholic beverages in Turkey and internationally.
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The company operates in two segments, Beer and Soft Drinks. It offers carbonated and low alcoholic drinks, water, fruit juice concentrates, purees and fresh fruit.
The company also leases intellectual property and related products; and provides a range of sparkling and still beverages under the Coca-Cola Company trademark. Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi was incorporated in 1966 and is based in Istanbul, Turkey.
Stock analysis
Anadolu Efes Biracilik ve Malt Sanayi AS (AEFES) currently trades at 15.43 TRY, while our model-based Fair Value estimate is 20.43 TRY, implying the stock looks roughly 24.5% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 31.77 TRY per share, and 16 of the 22 models we run sit above the 15.43 TRY price.
Bear case: the Earnings-Based group reads lowest at 12.64 TRY, and 6 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: 14.30 TRY (bear) to 26.39 TRY (bull), the price of 15.43 TRY sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 26/100 (below-average quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Anadolu Efes Biracilik ve Malt Sanayi AS reported revenue of 244B TRL in FY2025 versus 39.3B TRL in FY2021, a compound +57.8%/yr. Reported net income was 9.0B TRL in FY2025, compounding +70.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 91.4B TRY (≈ $1.8B) Small · P/E ratio 9.2 · P/S ratio 0.36 · EPS (TTM) 1.67 TRY · Dividend yield 2.3% · Net margin 3.4% · Return on equity 7.8% · Return on assets (EBIT) 8.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −13% fair-value upside, at 32%, AEFES screens cheaper than that median.
Fair Value models
All 22 models by family
The fair value above starts from this blend and is adjusted for dilution from new shares.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
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Compare Anadolu Efes Biracilik ve Malt Sanayi AS with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Beverages - Non-Alcoholic · 81 stocks
Valuation Multiplesvs Beverages - Non-Alcoholic median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Consumer Staples sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/B ratio by industry
- Net margin by industry
- Stock screener with 62 metrics
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Beverages - Non-Alcoholic stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Eastroc Beverage (Group) Co 605499 | ¥108.00 | ¥173.16 | +60% | vs AEFES |
| Nongfu Spring Co 9633 | HK$42.34 | HK$46.57 | +10% | vs AEFES |
| Celsius Holdings CELH | $29.12 | $32.03 | +10% | vs AEFES |
| Monster Beverage Corporation MNST | $47.34 | $41.16 | −13% | vs AEFES |
| Varun Beverages Limited VBL | ₹392.00 | ₹339.34 | −13% | vs AEFES |
| Coca-Cola Europacific Partners PLC CCEP | $113.22 | $84.29 | −26% | vs AEFES |
| PepsiCo, Inc PEP | $137.34 | $97.18 | −29% | vs AEFES |
| Keurig Dr Pepper Inc KDP | $35.84 | $24.43 | −32% | vs AEFES |
| Primo Brands Corporation PRMB | $19.74 | $12.22 | −38% | vs AEFES |
| The Coca-Cola Company KO | $94.08 | $29.32 | −69% | vs AEFES |
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Key figures of Anadolu Efes Biracilik ve Malt Sanayi AS
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