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STOCK COMPARISON

Gelecek Varlik Yonetimi AS vs Fondul Proprietatea: Fair Value & Quality

Both stocks run through our valuation models. Here is how Gelecek Varlik Yonetimi AS (GLCVY) and Fondul Proprietatea (FP) compare, as of Aug 9, 2026.

As of Aug 9, 2026, Fair Value Calculator sees Fondul Proprietatea as the less overvalued of the two: Gelecek Varlik Yonetimi AS trades at TRY 53.05 versus a fair value of TRY 10.34 (-81%), while Fondul Proprietatea trades at 0.61 versus 0.21 (-66%).
Gelecek Varlik Yonetimi AS
GLCVY.IS · TRY · Financials
-81%
upside to fair value
overvalued
PriceTRY 53.05
Fair ValueTRY 10.34
Quality79/100
Fondul Proprietatea
FP.RO · Financials
-66%
upside to fair value
overvalued
Price0.61
Fair Value0.21
Quality92/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Gelecek Varlik Yonetimi ASFondul Proprietatea
Valuation
13.8×P/E (TTM)4.3×
0.90×P/S (TTM)0.81×
9.69×P/B0.17×
1.8×EV/EBITDA
Dividend yield6.9%
Dividend per share0.04
Profitability
19%Net margin92%
47%Operating margin
42%Return on equity20%
28%Return on assets11%
Growth
24%Revenue growth (YoY)524%
-4.2%Avg. growth/yr (3Y)-45.0%
Balance & size
$153MMarket cap$388M
mixedGrowth qualityweak

Fondul Proprietatea leads: 3 to 5 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Gelecek Varlik Yonetimi ASof which business quality 72 · market factors 32 Fondul Proprietateaof which business quality 87 · market factors 80
ProfitabilityMargins and returns on capital today
70
67
Quality GrowthAre margins and returns improving?
92
95
CashflowEarnings quality: real cash, not paper profit
55
100
Fin. StrengthBalance sheet, leverage, solvency risk
67
73
InvestmentDisciplined investing over empire-building
60
100
Low VolatilityCalm price path (market factor)
73
87
MomentumPrice trend over the last 3–12 months (market factor)
17
71
52W MomentumDistance to the 52-week high (market factor)
10
86
Net IssuanceBuybacks instead of dilution
100
100

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Gelecek Varlik Yonetimi AS

Earnings-BasedTRY 8.16
Dividend DiscountTRY 3.18
MultiplesTRY 15.71
Asset-BasedTRY 3.60
Economic ProfitTRY 8.39
Growth EarningsTRY 18.87

14 of 14 models see the stock below the current price.

Fondul Proprietatea

DCF Models0.08
Earnings-Based0.47
Multiples0.13
Asset-Based0.05
Growth DCF0.08
Economic Profit0.11
Growth Earnings0.60

16 of 17 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Gelecek Varlik Yonetimi AS
Bear TRY 8.46Fair Value TRY 10.34Bull TRY 20.23
TRY 53.05 = current price (white tick)
Fondul Proprietatea
Bear 0.16Fair Value 0.21Bull 0.27
0.61 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Gelecek Varlik Yonetimi AS · Financials

Quality score79 · Top 25%
Fair value upside-81% · bottom 25%

Fondul Proprietatea · Financials

Quality score92 · Top 25%
Fair value upside-66% · bottom 25%

Bottom line

As of Aug 9, 2026, Fair Value Calculator sees Fondul Proprietatea as the less overvalued of the two: Gelecek Varlik Yonetimi AS trades at TRY 53.05 versus a fair value of TRY 10.34 (-81%), while Fondul Proprietatea trades at 0.61 versus 0.21 (-66%).

Fondul Proprietatea has the higher quality score (92/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.