Both stocks run through our valuation models. Here is how Kafein Yazilim (KFEIN) and SAP (SAP) compare, as of Aug 13, 2026.
As of Aug 13, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Kafein Yazilim trades at TRY 8.24 versus a fair value of TRY 4.79 (-42%), while SAP trades at €176 versus €126 (-29%).
Kafein Yazilim
KFEIN.IS · TRY · Information Technology
-42%
upside to fair value
overvalued
PriceTRY 8.24
Fair ValueTRY 4.79
Quality39/100
SAP
SAP.XETRA · EUR · Information Technology
-29%
upside to fair value
overvalued
Price€176
Fair Value€126
Quality81/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Kafein YazilimSAP
Valuation
—P/E (TTM)22.1×
0.01×P/S (TTM)4.98×
—P/B4.15×
—EV/EBITDA15.7×
—PEG1.37×
—Dividend yield1.8%
—Dividend per share€2.50
Profitability
2%Net margin20%
4%Operating margin30%
5%Return on equity16%
8%Return on assets9%
Growth
24%Revenue growth (YoY)6%
93.7%Avg. growth/yr (3Y)6.0%
75.3%Avg. growth/yr (5Y)6.1%
Balance & size
—Debt / equity0.09×
$35MMarket cap$186B
expensiveGrowth qualityhealthy
Even match: 4 to 4 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.
Kafein Yazilimof which business quality 44 · market factors 32SAPof which business quality 78 · market factors 41
ProfitabilityMargins and returns on capital today
43
62
Quality GrowthAre margins and returns improving?
34
76
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
22
94
Low VolatilityCalm price path (market factor)
67
61
MomentumPrice trend over the last 3–12 months (market factor)
22
42
52W MomentumDistance to the 52-week high (market factor)
7
18
Net IssuanceBuybacks instead of dilution
40
84
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.
Kafein Yazilim
Earnings-BasedTRY 8.38
Dividend DiscountTRY 0.46
MultiplesTRY 7.93
Asset-BasedTRY 4.38
Economic ProfitTRY 6.36
Growth EarningsTRY 10.80
8 of 16 models see the stock below the current price.
SAP
DCF Models€134
Earnings-Based€60.32
Dividend Discount€41.03
Multiples€116
Asset-Based€25.68
Growth DCF€116
Economic Profit€69.81
Growth Earnings€116
26 of 26 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.
Kafein Yazilim
Bear TRY 4.10Fair Value TRY 4.79Bull TRY 5.99
TRY 8.24 = current price (white tick)
SAP
Bear €89.01Fair Value €126Bull €157
€176 = 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.
Kafein Yazilim · Information Technology
Quality score39 · bottom 25%
Fair value upside-42% · below median
SAP · Information Technology
Quality score81 · Top 25%
Fair value upside-29% · above median
Bottom line
As of Aug 13, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Kafein Yazilim trades at TRY 8.24 versus a fair value of TRY 4.79 (-42%), while SAP trades at €176 versus €126 (-29%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
