CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS stock TRY 347, price TRY 133, upside +160.6%, quality 37 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 32.20 TRY – 338.25 TRY · fair‑value band 311.68 TRY – 427.45 TRY · the 133.30 TRY price screens below the 347.39 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. engages in the retail business in Turkey. It operates hypermarkets, supermarkets, and franchises. The company was incorporated in 1991 and is based in Istanbul, Turkey.
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CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. operates as a subsidiary of Haci Ömer Sabanci Holding A.S.
Stock analysis
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA) currently trades at 133.30 TRY, while our model-based Fair Value estimate is 347.39 TRY, implying the stock looks roughly 62% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 347.39 TRY per share, and 8 of the 9 models we run sit above the 133.30 TRY price.
Bear case: the Multiples group reads lowest at 65.18 TRY, and 1 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: 311.68 TRY (bear) to 427.45 TRY (bull), the price of 133.30 TRY sits below 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 37/100 (below-average quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS reported revenue of 65.7B TRY in FY2024 versus 7.9B TRY in FY2020, a compound +69.8%/yr. Reported net income was −2.9B TRY in FY2024.
Key figures
Market cap 22.5B TRY (≈ $450M) Small · P/S ratio 0.29 · EPS (TTM) −26.65 TRY · Net margin −4.3% · Return on equity −2,266% · Return on assets (EBIT) 1.9% · Operating margin −4.0% · Revenue (TTM) 78.5B TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).
What moves the price
The share trades about 61% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −33% fair-value upside, at 161%, CRFSA screens cheaper than that median.
Fair Value models
Bear311.68 TRYFair Value 347.39 TRYBull427.45 TRY
Price 133.30 TRY · Upside +160.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+91.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+59.5%
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.4%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
2.3% (2019) → −1.5% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Turkey: IMF forecast 19.3% a year to 2030, 28.5% from 2016 to 2025) that is about +2.3% a year for the price.
Compare CarrefourSA Carrefour Sabanci Ticaret Merkezi AS with another stock
Price, fair value, quality and upside side by side.
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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.Grocery Stores · 73 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside+160.6% · Top 25%
Profitability
Return on assets−10.4% · Bottom 25%
Net margin (12 months)−7.5% · Bottom 25%
Operating margin (12 months)−4.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−13.3% · Bottom 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Grocery Stores median · lower = cheaper
P/B5.13× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CarrefourSA Carrefour Sabanci Ticaret Merkezi AS Fair Value". https://www.fairvalue-calculator.com/stock/CRFSA
Frequently asked questions
Is CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 347.39 TRY versus a price of 133.30 TRY, about +161% upside (undervalued).
What is the fair value of CRFSA?
Our model-based fair value for CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is 347.39 TRY (as of Nov 3, 2026), built from audited fundamentals. The current price: 133.30 TRY.
What is the quality score of CRFSA?
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
Our model-based price target is the fair value of 347.39 TRY (as of Nov 3, 2026) from 9 valuation models. Cautious scenario 311.68 TRY, optimistic scenario 427.45 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the CarrefourSA Carrefour Sabanci Ticaret Merkezi AS stock forecast for 2026?
Our models put fair value at 347.39 TRY, about +161% upside versus a price of 133.30 TRY (undervalued). Cautious scenario 311.68 TRY, optimistic scenario 427.45 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS reported trailing-twelve-month revenue of about 78.5B TRY (latest available figure, as of Nov 3, 2026).
What growth is priced into CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
For today's price to be fair in a discounted-cash-flow model, CarrefourSA Carrefour Sabanci Ticaret Merkezi AS would have to grow free cash flow by +22.1 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +59.5 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of CRFSA use?
Our models discount CarrefourSA Carrefour Sabanci Ticaret Merkezi AS at 14.2 %: a base by market capitalisation (small), damped by beta 0.07, country premium for Turkey. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For CarrefourSA Carrefour Sabanci Ticaret Merkezi AS that is +22.1 % per year a year over ten years, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA) delivered so far?
Over the past 5 years revenue at CarrefourSA Carrefour Sabanci Ticaret Merkezi AS grew +59.5 % a year. The price currently implies +22.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (+22.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The free-cash-flow yield on the price is 5.48 %: that much free cash flow CarrefourSA Carrefour Sabanci Ticaret Merkezi AS produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CarrefourSA Carrefour Sabanci Ticaret Merkezi AS it is 347.39 TRY per share (as of Nov 3, 2026), against a price of 133.30 TRY. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is CarrefourSA Carrefour Sabanci Ticaret Merkezi AS stock overvalued or undervalued in 2026?
As of Nov 3, 2026, CRFSA trades below its calculated fair value: price 133.30 TRY, fair value 347.39 TRY, a gap of about +161% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CRFSA?
No. The price is what the market pays today (133.30 TRY); the fair value is what the company's own numbers justify (347.39 TRY). For CarrefourSA Carrefour Sabanci Ticaret Merkezi AS the two are 214.09 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is CarrefourSA Carrefour Sabanci Ticaret Merkezi AS worth?
The market values CarrefourSA Carrefour Sabanci Ticaret Merkezi AS at about 22.5B TRY (market capitalisation, as of Nov 3, 2026). Per share that is 133.30 TRY; our models calculate a fair value of 347.39 TRY per share.
What do the bullish and bearish scenarios say about CRFSA?
Our models span a range for CarrefourSA Carrefour Sabanci Ticaret Merkezi AS: cautious scenario 311.68 TRY, base 347.39 TRY, optimistic 427.45 TRY per share (as of Nov 3, 2026, price 133.30 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
Balance-sheet figures for CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (as of Nov 3, 2026): debt of 0.05 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is CRFSA from its 52-week high?
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS trades at 133.30 TRY, about 61% below its 52-week high of 338.25 TRY and 20% above the low of 111.00 TRY (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of 347.39 TRY is for.
Which stocks are comparable to CarrefourSA Carrefour Sabanci Ticaret Merkezi AS?
From the same area (Consumer Defensive) we also value Loblaw Companies Limited, The Kroger Co, Woolworths Group, Koninklijke Ahold Delhaize N.V, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CarrefourSA Carrefour Sabanci Ticaret Merkezi AS stock attractive at the current price?
The data as of Nov 3, 2026: price 133.30 TRY, calculated fair value 347.39 TRY (+161%), Quality Score 37/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CRFSA calculated?
We run CarrefourSA Carrefour Sabanci Ticaret Merkezi AS through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 347.39 TRY, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5% above its aggregate fair value. CarrefourSA Carrefour Sabanci Ticaret Merkezi AS currently trades 62% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The closing price on Nov 4, 2026 was 133.30 TRY. Our model-based fair value is 347.39 TRY, about +161% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CarrefourSA Carrefour Sabanci Ticaret Merkezi AS right now?
The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (311.68 TRY). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS
How large is the market capitalisation of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The market capitalisation of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is 22.5B TRY (≈ $450M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The price-to-sales ratio of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is 0.29 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
Earnings per share at CarrefourSA Carrefour Sabanci Ticaret Merkezi AS are −26.65 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The net margin of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is −4.3% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The return on equity (ROE) of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is −2,266% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
On an EBIT basis the return on assets of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is 1.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The operating margin of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is −4.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
Revenue at CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is growing −13.3% versus a year earlier (3y avg +91.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
Earnings per share at CarrefourSA Carrefour Sabanci Ticaret Merkezi AS are growing +13.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA) carry?
The net debt of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is 3.8B TRY (fiscal year 2024, ≈ 4.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 3, 2026