Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS stock TRY 11.95, price TRY 11.52, upside +3.7%, quality 25 out of 100. Rating: fairly valued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS
LKMNH · IS
Fairly valued,weak quality
The stock costs about what our calculation considers fair.
Low debt
Ranks above peers(8/13)
Fair value 11.95 TRY · Fairly valued
Expensive Growth(revenue 5y +68.0 %/yr in TRY)
Thin margins · 2.2% net margin (TTM)
Changed on Oct 25: TRY 9.45→ TRY 11.95
Quality 25/100
Negative free cash flow
Narrow moat35/100 · thin data
Thin data
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range 1.41 TRY – 20.59 TRY · fair‑value band 7.93 TRY – 13.07 TRY · the 11.52 TRY price screens below the 11.95 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Lokman Hekim Engürüsag Saglik, Turizm, Egitim Hizmetleri ve Insaat Taahhüt A.S., together with its subsidiaries, operates hospitals, medical centers, laboratories, and medical units in Turkey. The company offers health care; e-health; imaging and diagnostic; and logistics and support services.
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It is also involved in the insurance and brokerage; construction and tourism; production of milk; raising of livestock; sale of feeds; and hospital rental businesses.
Lokman Hekim Engürüsag Saglik, Turizm, Egitim Hizmetleri ve Insaat Taahhüt A.S. was incorporated in 1996 and is based in Ankara, Turkey.
Stock analysis
Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH) currently trades at 11.52 TRY, while our model-based Fair Value estimate is 11.95 TRY, so the stock looks roughly fairly valued today (gap 3.6%).
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Valuation
Bull case: the Multiples group reads highest at a median of 18.17 TRY per share, and 10 of the 15 models we run sit above the 11.52 TRY price.
Bear case: the Asset-Based group reads lowest at 5.89 TRY, and 5 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 7.93 TRY (bear) to 13.07 TRY (bull), the price of 11.52 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 25/100 (below-average quality), in the Healthcare sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS reported revenue of 4.2B TRY in FY2025 versus 453M TRY in FY2021, a compound +74.8%/yr. Reported net income was 150M TRY in FY2025, compounding +21.0%/yr from FY2021.
Key figures
Market cap 2.5B TRY (≈ $49.5M) Micro · P/E ratio 21.7 · P/S ratio 0.55 · EPS (TTM) 0.5300 TRY · Dividend yield 5.3% · Net margin 2.2% · Return on equity 5.0% · Return on assets (EBIT) 10.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −4% fair-value upside, at 4%, LKMNH screens cheaper than that median.
Fair Value models
Bear7.93 TRYFair Value 11.95 TRYBull13.07 TRY
Price 11.52 TRY · Upside +3.7%
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 (0.4574 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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.0%
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.
+71.1%
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.
+68.0%
Start year 2020 (pandemic). Over 10 years: +40.5% a year
Revenue growth 16 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.
+31.2%
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What shareholders gained per year (last 5 years), in TRY ⓘ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. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+19.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.8%
Dividend (yield on the price)5.3%
Profit margin 2020 to 2025 ⓘ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.15% → 9%
Compare Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut 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.Medical Care Facilities · 246 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score25 · Bottom 25%
Fair Value upside+3.7% · Above median
Profitability
Return on equity (12 months)5.0% · Below median
Return on assets2.6% · Below median
Net margin (12 months)2.2% · Below median
Operating margin (12 months)9.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)11.3% · Above median
Dividend yield (12 months)5.3% · Top 25%
Balance sheet
Debt / equity0.17× · Below median
Valuation Multiplesvs Medical Care Facilities median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS Fair Value". https://www.fairvalue-calculator.com/stock/LKMNH
Frequently asked questions
Is Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 11.95 TRY versus a price of 11.52 TRY, about +4% upside (fairly valued).
What is the fair value of LKMNH?
Our model-based fair value for Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS is 11.95 TRY (as of Nov 9, 2026), built from audited fundamentals. The current price: 11.52 TRY.
What is the quality score of LKMNH?
Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS has a Quality Score of 25/100. 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 Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
Our model-based price target is the fair value of 11.95 TRY (as of Nov 9, 2026) from 15 valuation models. Cautious scenario 7.93 TRY, optimistic scenario 13.07 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS stock forecast for 2026?
Our models put fair value at 11.95 TRY, about +4% upside versus a price of 11.52 TRY (fairly valued). Cautious scenario 7.93 TRY, optimistic scenario 13.07 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS reported trailing-twelve-month revenue of about 4.5B TRY (latest available figure, as of Nov 9, 2026).
Does Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS pay a dividend?
Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS currently shows a dividend yield of 5.28% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS has a dividend yield of 5.3%.
What is the intrinsic value of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS it is 11.95 TRY per share (as of Nov 9, 2026), against a price of 11.52 TRY. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS stock overvalued or undervalued in 2026?
As of Nov 9, 2026, LKMNH trades below its calculated fair value: price 11.52 TRY, fair value 11.95 TRY, a gap of about +4% (fairly valued). 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 LKMNH?
No. The price is what the market pays today (11.52 TRY); the fair value is what the company's own numbers justify (11.95 TRY). For Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS the two are 0.4300 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS worth?
The market values Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS at about 2.5B TRY (market capitalisation, as of Nov 9, 2026). Per share that is 11.52 TRY; our models calculate a fair value of 11.95 TRY per share.
What do the bullish and bearish scenarios say about LKMNH?
Our models span a range for Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS: cautious scenario 7.93 TRY, base 11.95 TRY, optimistic 13.07 TRY per share (as of Nov 9, 2026, price 11.52 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LKMNH?
Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS trades at a price-to-earnings ratio of 21.7 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.95 TRY is built from several models across several years. Other multiples: P/B 1.1, P/S 0.6, EV/EBITDA 3.7.
How solid is the balance sheet of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
Balance-sheet figures for Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (as of Nov 9, 2026): return on equity 5.0%, debt of 0.17 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is LKMNH from its 52-week high?
Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS trades at 11.52 TRY, about 38% below its 52-week high of 18.55 TRY and 15% above the low of 10.00 TRY (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 11.95 TRY is for.
Which stocks are comparable to Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS?
From the same area (Healthcare) we also value HCA Healthcare, Inc, Fresenius SE, Tenet Healthcare Corporation, Dr. Sulaiman Al Habib Medical Services Group, 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 Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS stock attractive at the current price?
The data as of Nov 9, 2026: price 11.52 TRY, calculated fair value 11.95 TRY (+4%), Quality Score 25/100, from 15 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 LKMNH calculated?
We run Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 11.95 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 15.1% above its aggregate fair value. Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS currently trades 4% 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 Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
The closing price on Nov 10, 2026 was 11.52 TRY. Our model-based fair value is 11.95 TRY, about +4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS
How large is the market capitalisation of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
The market capitalisation of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS is 2.5B TRY (≈ $49.5M). 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 Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
The price-to-sales ratio of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS is 0.55 (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 Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
Earnings per share at Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS are 0.5300 TRY (price ÷ EPS = P/E 21.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
The dividend yield of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS is 5.3% (payout 115%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
The net margin of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS is 2.2% (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 Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
The return on equity (ROE) of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS is 5.0% (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 Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
On an EBIT basis the return on assets of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS is 10.4% (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 Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
The operating margin of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS is 9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
Revenue at Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS is growing +11.3% versus a year earlier (3y avg +71.1%). 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 Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH)?
Earnings per share at Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS are growing −92.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH) generate?
The free cash flow of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS is −706M 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 Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS (LKMNH) carry?
The net debt of Lokman Hekim Engurusag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhut AS is 2.2B TRY (fiscal year 2025). 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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Nov 9, 2026