Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Mistral Gayrimenkul Yatirim Ortakligi AS stock TRY 6.69, price TRY 4.42, upside +51.4%, quality 34 out of 100. Rating: strongly undervalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
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 0.8381 TRY – 9.35 TRY · fair‑value band 6.28 TRY – 7.48 TRY · the 4.42 TRY price screens below the 6.69 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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Mistral Gayrimenkul Yatirim Ortakligi A.S. invests primarily in real estate-based capital market instruments, projects, and real estate-based rights.
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The company was formerly known as Mistral Yapi Gayrimenkul Sanayi ve Ticaret A.S. and changed its name to Mistral Gayrimenkul Yatirim Ortakligi A.S. in March 2016. The company was founded in 2012 and is headquartered in Izmir, Turkey.
Stock analysis
Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO) currently trades at 4.42 TRY, while our model-based Fair Value estimate is 6.69 TRY, implying the stock looks roughly 34% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 17.62 TRY per share, and 5 of the 7 models we run sit above the 4.42 TRY price.
Bear case: the Asset-Based group reads lowest at 1.60 TRY, and 2 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6.28 TRY (bear) to 7.48 TRY (bull), the price of 4.42 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 34/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Mistral Gayrimenkul Yatirim Ortakligi AS reported revenue of 1.1B TRY in FY2025 versus 40.0M TRY in FY2021, a compound +129.4%/yr. Reported net income was 62.6M TRY in FY2025, compounding −26.6%/yr from FY2021.
Key figures
Market cap 2.0B TRY (≈ $40.4M) Micro · P/E ratio 110.5 · P/S ratio 6.25 · EPS (TTM) 0.0400 TRY · Net margin 5.7% · Return on equity −1.2% · Return on assets (EBIT) 5.1% (5-year average) · Operating margin 16.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (medium confidence).
What moves the price
The share trades about 53% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −9% fair-value upside, at 51%, MSGYO screens cheaper than that median.
Fair Value models
Bear6.28 TRYFair Value 6.69 TRYBull7.48 TRY
Price 4.42 TRY · Upside +51.4%
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 (0.0346 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+399.2%
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.
+131.7%
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.
+147.6%
Start year 2020 (pandemic). Over 10 years: +71.0% a year
Revenue growth 12 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.
+40.3%
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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.
−12.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.1%
Dividend (yield on the price)0.0%
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.46% → 37%
Compare Mistral Gayrimenkul Yatirim Ortakligi 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.REIT - Diversified · 140 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside+51.4% · Top 25%
Profitability
Return on assets1.1% · Below median
Net margin (12 months)−5.0% · Bottom 25%
Operating margin (12 months)16.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)11.5% · Above median
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs REIT - Diversified 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). "Mistral Gayrimenkul Yatirim Ortakligi AS Fair Value". https://www.fairvalue-calculator.com/stock/MSGYO
Frequently asked questions
Is Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 6.69 TRY versus a price of 4.42 TRY, about +51% upside (undervalued).
What is the fair value of MSGYO?
Our model-based fair value for Mistral Gayrimenkul Yatirim Ortakligi AS is 6.69 TRY (as of Nov 7, 2026), built from audited fundamentals. The current price: 4.42 TRY.
What is the quality score of MSGYO?
Mistral Gayrimenkul Yatirim Ortakligi AS has a Quality Score of 34/100. 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 Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
Our model-based price target is the fair value of 6.69 TRY (as of Nov 7, 2026) from 7 valuation models. Cautious scenario 6.28 TRY, optimistic scenario 7.48 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Mistral Gayrimenkul Yatirim Ortakligi AS stock forecast for 2026?
Our models put fair value at 6.69 TRY, about +51% upside versus a price of 4.42 TRY (undervalued). Cautious scenario 6.28 TRY, optimistic scenario 7.48 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
Mistral Gayrimenkul Yatirim Ortakligi AS reported trailing-twelve-month revenue of about 1.1B TRY (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mistral Gayrimenkul Yatirim Ortakligi AS it is 6.69 TRY per share (as of Nov 7, 2026), against a price of 4.42 TRY. It is the blended result of 7 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Mistral Gayrimenkul Yatirim Ortakligi AS stock overvalued or undervalued in 2026?
As of Nov 7, 2026, MSGYO trades below its calculated fair value: price 4.42 TRY, fair value 6.69 TRY, a gap of about +51% (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 MSGYO?
No. The price is what the market pays today (4.42 TRY); the fair value is what the company's own numbers justify (6.69 TRY). For Mistral Gayrimenkul Yatirim Ortakligi AS the two are 2.27 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Mistral Gayrimenkul Yatirim Ortakligi AS worth?
The market values Mistral Gayrimenkul Yatirim Ortakligi AS at about 2.0B TRY (market capitalisation, as of Nov 7, 2026). Per share that is 4.42 TRY; our models calculate a fair value of 6.69 TRY per share.
What do the bullish and bearish scenarios say about MSGYO?
Our models span a range for Mistral Gayrimenkul Yatirim Ortakligi AS: cautious scenario 6.28 TRY, base 6.69 TRY, optimistic 7.48 TRY per share (as of Nov 7, 2026, price 4.42 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MSGYO?
Mistral Gayrimenkul Yatirim Ortakligi AS trades at a price-to-earnings ratio of 110.5 (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 6.69 TRY is built from several models across several years. Other multiples: P/B 0.4, P/S 1.8, EV/EBITDA 5.3.
How solid is the balance sheet of Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
Balance-sheet figures for Mistral Gayrimenkul Yatirim Ortakligi AS (as of Nov 7, 2026): return on equity −1.2%, debt of 0.00 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is MSGYO from its 52-week high?
Mistral Gayrimenkul Yatirim Ortakligi AS trades at 4.42 TRY, about 53% below its 52-week high of 9.35 TRY and 14% above the low of 3.89 TRY (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of 6.69 TRY is for.
Which stocks are comparable to Mistral Gayrimenkul Yatirim Ortakligi AS?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Stockland, 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 Mistral Gayrimenkul Yatirim Ortakligi AS stock attractive at the current price?
The data as of Nov 7, 2026: price 4.42 TRY, calculated fair value 6.69 TRY (+51%), Quality Score 34/100, from 7 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 MSGYO calculated?
We run Mistral Gayrimenkul Yatirim Ortakligi AS through 7 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 6.69 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 14.0% above its aggregate fair value. Mistral Gayrimenkul Yatirim Ortakligi AS currently trades 34% 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 Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
The closing price on Nov 11, 2026 was 4.42 TRY. Our model-based fair value is 6.69 TRY, about +51% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mistral Gayrimenkul Yatirim Ortakligi AS right now?
The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (6.28 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. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Mistral Gayrimenkul Yatirim Ortakligi AS
How large is the market capitalisation of Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
The market capitalisation of Mistral Gayrimenkul Yatirim Ortakligi AS is 2.0B TRY (≈ $40.4M). 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 Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
The price-to-sales ratio of Mistral Gayrimenkul Yatirim Ortakligi AS is 6.25 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
Earnings per share at Mistral Gayrimenkul Yatirim Ortakligi AS are 0.0400 TRY (price ÷ EPS = P/E 110.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
The net margin of Mistral Gayrimenkul Yatirim Ortakligi AS is 5.7% (fiscal year 2025). 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 Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
The return on equity (ROE) of Mistral Gayrimenkul Yatirim Ortakligi AS is −1.2% (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 Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
On an EBIT basis the return on assets of Mistral Gayrimenkul Yatirim Ortakligi AS is 5.1% (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 Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
The operating margin of Mistral Gayrimenkul Yatirim Ortakligi AS is 16.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
Revenue at Mistral Gayrimenkul Yatirim Ortakligi AS is growing +11.5% versus a year earlier (3y avg +132%). 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 Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO)?
Earnings per share at Mistral Gayrimenkul Yatirim Ortakligi AS are growing −64.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO) generate?
The free cash flow of Mistral Gayrimenkul Yatirim Ortakligi AS is −385M 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 Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO) carry?
The net debt of Mistral Gayrimenkul Yatirim Ortakligi AS is 930K TRY (fiscal year 2019). 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