Garanti Faktoring AS (GARFA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Garanti Faktoring AS stock TRY 46.04, price TRY 23.02, upside +100.0%, quality 41 out of 100. Rating: strongly undervalued. Calculated from audited financials with 10 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 7, 2026.
How to read this chart
60‑month range 1.60 TRY – 41.20 TRY · fair‑value band 27.84 TRY – 65.57 TRY · the 23.02 TRY price screens below the 46.04 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Garanti Faktoring A.S. provides factoring services to industrial and commercial firms. The company offers financing, cash flow management, guarantee, and collection services in selling goods/services; and supplier financing services in buying goods/services.
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It serves SMEs, and corporations through supplier and dealer networks in Turkey. The company was formerly known as Garanti Faktoring Hizmetleri A.S and changed its name to Garanti Faktoring A.S. in April 2014. Garanti Faktoring A.S. was incorporated in 1990 and is headquartered in Istanbul, Turkey.
Garanti Faktoring A.S. is a subsidiary of Turkiye Garanti Bankasi A.S.
Stock analysis
Garanti Faktoring AS (GARFA) currently trades at 23.02 TRY, while our model-based Fair Value estimate is 46.04 TRY, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 87.72 TRY per share, and 7 of the 10 models we run sit above the 23.02 TRY price.
Bear case: the Asset-Based group reads lowest at 8.68 TRY, and 3 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: 27.84 TRY (bear) to 65.57 TRY (bull), the price of 23.02 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 41/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Garanti Faktoring AS reported revenue of 4.0B TRL in FY2025 versus 284M TRL in FY2021, a compound +93.9%/yr. Reported net income was 2.1B TRL in FY2025, compounding +100.5%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 9.2B TRY (≈ $183M) Micro · P/E ratio 3.5 · P/S ratio 1.97 · EPS (TTM) 6.60 TRY · Net margin 63.8% · Return on equity 47.5% · Return on assets (EBIT) −0.1% (5-year average) · Operating margin 82.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 82 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −3% fair-value upside, at 100%, GARFA screens cheaper than that median.
Fair Value models
Bear27.84 TRYFair Value 46.04 TRYBull65.57 TRY
Price 23.02 TRY · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 (5.62 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.77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+56.7%
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.
+85.9%
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.
+80.1%
Start year 2020 (pandemic)
Revenue growth 25 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.
−29.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
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.Credit Services · 286 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)47.5% · Top 25%
Return on assets6.4% · Top 25%
Net margin (12 months)63.8% · Top 25%
Operating margin (12 months)82.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)51.0% · Top 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Credit Services 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). "Garanti Faktoring AS Fair Value". https://www.fairvalue-calculator.com/stock/GARFA
Frequently asked questions
Is Garanti Faktoring AS (GARFA) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 46.04 TRY versus a price of 23.02 TRY, about +100% upside (undervalued).
What is the fair value of GARFA?
Our model-based fair value for Garanti Faktoring AS is 46.04 TRY (as of Nov 7, 2026), built from audited fundamentals. The current price: 23.02 TRY.
What is the quality score of GARFA?
Garanti Faktoring AS has a Quality Score of 41/100. 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 Garanti Faktoring AS (GARFA)?
Our model-based price target is the fair value of 46.04 TRY (as of Nov 7, 2026) from 10 valuation models. Cautious scenario 27.84 TRY, optimistic scenario 65.57 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Garanti Faktoring AS stock forecast for 2026?
Our models put fair value at 46.04 TRY, about +100% upside versus a price of 23.02 TRY (undervalued). Cautious scenario 27.84 TRY, optimistic scenario 65.57 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Garanti Faktoring AS (GARFA)?
Garanti Faktoring AS reported trailing-twelve-month revenue of about 4.6B TRY (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Garanti Faktoring AS (GARFA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Garanti Faktoring AS it is 46.04 TRY per share (as of Nov 7, 2026), against a price of 23.02 TRY. It is the blended result of 10 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Garanti Faktoring AS stock overvalued or undervalued in 2026?
As of Nov 7, 2026, GARFA trades below its calculated fair value: price 23.02 TRY, fair value 46.04 TRY, a gap of about +100% (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 GARFA?
No. The price is what the market pays today (23.02 TRY); the fair value is what the company's own numbers justify (46.04 TRY). For Garanti Faktoring AS the two are 23.02 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Garanti Faktoring AS worth?
The market values Garanti Faktoring AS at about 9.2B TRY (market capitalisation, as of Nov 7, 2026). Per share that is 23.02 TRY; our models calculate a fair value of 46.04 TRY per share.
What do the bullish and bearish scenarios say about GARFA?
Our models span a range for Garanti Faktoring AS: cautious scenario 27.84 TRY, base 46.04 TRY, optimistic 65.57 TRY per share (as of Nov 7, 2026, price 23.02 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GARFA?
Garanti Faktoring AS trades at a price-to-earnings ratio of 3.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 46.04 TRY is built from several models across several years. Other multiples: P/B 1.7, P/S 2.0.
How solid is the balance sheet of Garanti Faktoring AS (GARFA)?
Balance-sheet figures for Garanti Faktoring AS (as of Nov 7, 2026): return on equity 47.5%, debt of 0.02 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is GARFA from its 52-week high?
Garanti Faktoring AS trades at 23.02 TRY, about 35% below its 52-week high of 35.66 TRY and 13% above the low of 20.30 TRY (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 46.04 TRY is for.
Which stocks are comparable to Garanti Faktoring AS?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial 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 Garanti Faktoring AS stock attractive at the current price?
The data as of Nov 7, 2026: price 23.02 TRY, calculated fair value 46.04 TRY (+100%), Quality Score 41/100, from 10 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 GARFA calculated?
We run Garanti Faktoring AS through 10 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 46.04 TRY builds on their evidence-weighted average, 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 12.7% above its aggregate fair value. Garanti Faktoring 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 Garanti Faktoring AS (GARFA)?
The closing price on Nov 6, 2026 was 23.02 TRY. Our model-based fair value is 46.04 TRY, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Garanti Faktoring AS right now?
The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (27.84 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 (27.84 TRY to 65.57 TRY) leaves room in how you read the outcome.
Key figures of Garanti Faktoring AS
How large is the market capitalisation of Garanti Faktoring AS (GARFA)?
The market capitalisation of Garanti Faktoring AS is 9.2B TRY (≈ $183M). 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 Garanti Faktoring AS (GARFA)?
The price-to-sales ratio of Garanti Faktoring AS is 1.97 (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 Garanti Faktoring AS (GARFA)?
Earnings per share at Garanti Faktoring AS are 6.60 TRY (price ÷ EPS = P/E 3.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Garanti Faktoring AS (GARFA)?
The net margin of Garanti Faktoring AS is 63.8% (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 Garanti Faktoring AS (GARFA)?
The return on equity (ROE) of Garanti Faktoring AS is 47.5% (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 Garanti Faktoring AS (GARFA)?
On an EBIT basis the return on assets of Garanti Faktoring AS is −0.1% (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 Garanti Faktoring AS (GARFA)?
The operating margin of Garanti Faktoring AS is 82.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Garanti Faktoring AS (GARFA)?
Revenue at Garanti Faktoring AS is growing +51.0% versus a year earlier (3y avg +85.9%). 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 Garanti Faktoring AS (GARFA)?
Earnings per share at Garanti Faktoring AS are growing +54.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Garanti Faktoring AS (GARFA) generate?
The free cash flow of Garanti Faktoring AS is 404M 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 Garanti Faktoring AS (GARFA) carry?
The net debt of Garanti Faktoring AS is 27.5B TRY (fiscal year 2025, ≈ 68.1 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 7, 2026