DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of DYO Boya Fabrikalari Sanayi ve Ticaret AS stock TRY 17.78, price TRY 8.94, upside +98.9%, quality 33 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 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 2.53 TRY – 30.76 TRY · fair‑value band 10.51 TRY – 26.85 TRY · the 8.94 TRY price screens below the 17.78 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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DYO Boya Fabrikalari Sanayi ve Ticaret A.S. produces and sells paints, varnishes, resins, other surface coatings, and construction and thermal insulation products in Türkiye and internationally.
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The company offers industrial, furniture, and marine coatings; protective, coil, and defence and military coatings; and car refinish and polyester.
It also provides decorative paints, including interior wall paints, exterior wall paints, wood and metal paints, and wood care products and varnishes, as well as primers, putties and thinners; products under the Dr. DYO and DYO traffic brands; and colors, painters, architect products.
The company was founded in 1927 and is headquartered in Izmir, Turkey. DYO Boya Fabrikalari Sanayi ve Ticaret A.S. is a subsidiary of Yasar Holding A.S.
Stock analysis
DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY) currently trades at 8.94 TRY, while our model-based Fair Value estimate is 17.78 TRY, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 60.02 TRY per share, and 12 of the 13 models we run sit above the 8.94 TRY price.
Bear case: the Asset-Based group reads lowest at 5.44 TRY, and 1 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 10.51 TRY (bear) to 26.85 TRY (bull), the price of 8.94 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 33/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
DYO Boya Fabrikalari Sanayi ve Ticaret AS reported revenue of 10.2B TRY in FY2025 versus 2.3B TRY in FY2021, a compound +45.2%/yr. Reported net income was −427M TRY in FY2025.
Key figures
Market cap 2.7B TRY (≈ $53.5M) Micro · P/E ratio 21.3 · P/S ratio 0.28 · EPS (TTM) 0.4200 TRY · Net margin 2.8% · Return on equity 3.5% · Return on assets (EBIT) 8.2% · Operating margin 7.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −42% fair-value upside, at 99%, DYOBY screens cheaper than that median.
Fair Value models
Bear10.51 TRYFair Value 17.78 TRYBull26.85 TRY
Price 8.94 TRY · Upside +98.9%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.3567 TRY per share) are deliberately not added.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.75/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−27.2%
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.
+34.0%
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.
+47.2%
Start year 2020 (pandemic). Over 10 years: +30.7% a year
Revenue growth 20 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.
+21.7%
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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.
18.0% (2020) → 7.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare DYO Boya Fabrikalari Sanayi ve Ticaret AS with another stock
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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.Specialty Chemicals · 724 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside+98.9% · Top 25%
Profitability
Return on equity (12 months)3.5% · Below median
Return on assets−2.3% · Bottom 25%
Net margin (12 months)2.8% · Below median
Operating margin (12 months)7.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)19.3% · Above median
Balance sheet
Debt / equity0.27× · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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). "DYO Boya Fabrikalari Sanayi ve Ticaret AS Fair Value". https://www.fairvalue-calculator.com/stock/DYOBY
Frequently asked questions
Is DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 17.78 TRY versus a price of 8.94 TRY, about +99% upside (undervalued).
What is the fair value of DYOBY?
Our model-based fair value for DYO Boya Fabrikalari Sanayi ve Ticaret AS is 17.78 TRY (as of Nov 3, 2026), built from audited fundamentals. The current price: 8.94 TRY.
What is the quality score of DYOBY?
DYO Boya Fabrikalari Sanayi ve Ticaret AS has a Quality Score of 33/100. 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 DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
Our model-based price target is the fair value of 17.78 TRY (as of Nov 3, 2026) from 13 valuation models. Cautious scenario 10.51 TRY, optimistic scenario 26.85 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the DYO Boya Fabrikalari Sanayi ve Ticaret AS stock forecast for 2026?
Our models put fair value at 17.78 TRY, about +99% upside versus a price of 8.94 TRY (undervalued). Cautious scenario 10.51 TRY, optimistic scenario 26.85 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
DYO Boya Fabrikalari Sanayi ve Ticaret AS reported trailing-twelve-month revenue of about 9.5B TRY (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DYO Boya Fabrikalari Sanayi ve Ticaret AS it is 17.78 TRY per share (as of Nov 3, 2026), against a price of 8.94 TRY. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is DYO Boya Fabrikalari Sanayi ve Ticaret AS stock overvalued or undervalued in 2026?
As of Nov 3, 2026, DYOBY trades below its calculated fair value: price 8.94 TRY, fair value 17.78 TRY, a gap of about +99% (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 DYOBY?
No. The price is what the market pays today (8.94 TRY); the fair value is what the company's own numbers justify (17.78 TRY). For DYO Boya Fabrikalari Sanayi ve Ticaret AS the two are 8.84 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is DYO Boya Fabrikalari Sanayi ve Ticaret AS worth?
The market values DYO Boya Fabrikalari Sanayi ve Ticaret AS at about 2.7B TRY (market capitalisation, as of Nov 3, 2026). Per share that is 8.94 TRY; our models calculate a fair value of 17.78 TRY per share.
What do the bullish and bearish scenarios say about DYOBY?
Our models span a range for DYO Boya Fabrikalari Sanayi ve Ticaret AS: cautious scenario 10.51 TRY, base 17.78 TRY, optimistic 26.85 TRY per share (as of Nov 3, 2026, price 8.94 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DYOBY?
DYO Boya Fabrikalari Sanayi ve Ticaret AS trades at a price-to-earnings ratio of 21.3 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 17.78 TRY is built from several models across several years. Other multiples: PEG 1.0, P/B 0.4, P/S 0.3, EV/EBITDA 3.1.
What is the PEG ratio of DYOBY?
The PEG ratio of DYO Boya Fabrikalari Sanayi ve Ticaret AS is 1.02 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
Balance-sheet figures for DYO Boya Fabrikalari Sanayi ve Ticaret AS (as of Nov 3, 2026): return on equity 3.5%, debt of 0.27 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is DYOBY from its 52-week high?
DYO Boya Fabrikalari Sanayi ve Ticaret AS trades at 8.94 TRY, about 59% below its 52-week high of 21.80 TRY and 17% above the low of 7.64 TRY (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 17.78 TRY is for.
Which stocks are comparable to DYO Boya Fabrikalari Sanayi ve Ticaret AS?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 DYO Boya Fabrikalari Sanayi ve Ticaret AS stock attractive at the current price?
The data as of Nov 3, 2026: price 8.94 TRY, calculated fair value 17.78 TRY (+99%), Quality Score 33/100, from 13 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 DYOBY calculated?
We run DYO Boya Fabrikalari Sanayi ve Ticaret AS through 13 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 17.78 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 15.5% above its aggregate fair value. DYO Boya Fabrikalari Sanayi ve Ticaret AS currently trades 50% 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 DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
The closing price on Nov 6, 2026 was 8.94 TRY. Our model-based fair value is 17.78 TRY, about +99% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DYO Boya Fabrikalari Sanayi ve Ticaret AS right now?
The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (10.51 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. A fairly wide model range (10.51 TRY to 26.85 TRY) leaves room in how you read the outcome.
Key figures of DYO Boya Fabrikalari Sanayi ve Ticaret AS
How large is the market capitalisation of DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
The market capitalisation of DYO Boya Fabrikalari Sanayi ve Ticaret AS is 2.7B TRY (≈ $53.5M). 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 DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
The price-to-sales ratio of DYO Boya Fabrikalari Sanayi ve Ticaret AS is 0.28 (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 DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
Earnings per share at DYO Boya Fabrikalari Sanayi ve Ticaret AS are 0.4200 TRY (price ÷ EPS = P/E 21.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
The net margin of DYO Boya Fabrikalari Sanayi ve Ticaret AS is 2.8% (last twelve months). 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 DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
The return on equity (ROE) of DYO Boya Fabrikalari Sanayi ve Ticaret AS is 3.5% (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 DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
On an EBIT basis the return on assets of DYO Boya Fabrikalari Sanayi ve Ticaret AS is 8.2% (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 DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
The operating margin of DYO Boya Fabrikalari Sanayi ve Ticaret AS is 7.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
Revenue at DYO Boya Fabrikalari Sanayi ve Ticaret AS is growing +19.3% versus a year earlier (3y avg +34.0%). 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 DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY)?
Earnings per share at DYO Boya Fabrikalari Sanayi ve Ticaret AS are growing +265% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY) generate?
The free cash flow of DYO Boya Fabrikalari Sanayi ve Ticaret AS is 1.5B TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY) carry?
The net debt of DYO Boya Fabrikalari Sanayi ve Ticaret AS is 5.5B TRY (fiscal year 2025, ≈ 3.6 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