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Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi (AHSGY) Fair Value & Analysis

Real Estate · TR · Market cap 13.9B TRY

AG Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi AHSGY · IS
Price18.50 TRY
Fair Value10.50 TRY
Upside-43.2%
Quality60/100
Expensive Growth
Low debt · generates free cash flow
0.39% dividend yield
Ranks above peers (9/11)
Wide moat 81/100
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Evidence: High Range 6.94 TRY – 14.41 TRY Share as image

Fair value as of: Jul 31, 2026

From 22 valuation models · updated today

Share price −7.5% over the past month.

What matters now

  • The price sits above even our optimistic bull case (14.41 TRY). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (6.94 TRY to 14.41 TRY) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (12 months)

996,130 TRY 8.34 TRY Fair Value 10.50 TRY Aug 2025 Jul 2026

12‑month range 8.34 TRY – 996,130 TRY · fair‑value band 6.94 TRY – 14.41 TRY · the 18.50 TRY price screens above the 10.50 TRY fair value. As of Jul 31, 2026.

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Analysis

Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi (AHSGY) currently trades at 18.50 TRY, while our model-based Fair Value estimate is 10.50 TRY, implying the stock looks roughly 43.2% overvalued today. We read business quality at 60/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Trailing-twelve-month revenue stands at 524M TRY. Revenue grew 22.7% year over year. It earns a return on equity of 41.0%. Net debt stands at 231M TRY. Fundamentals as of Jul 31, 2026

Our scenario range runs from 6.94 TRY (bear case) to 14.41 TRY (bull case); at 18.50 TRY, the current price sits above that range. For context, the median of 10 Real Estate peers we cover trades at 1% fair-value upside, at -43%, AHSGY screens richer than that median.

Key figures & financial health

Revenue (TTM) 524M TRY
Revenue growth (YoY) +22.7%
Net margin 597%
Return on equity 41.0%
Free cash flow 352M TRY FY2025
P/E ratio 4.5
More key figures
Operating margin 66.1%
EPS (TTM) 4.26 TRY
Dividend yield 0.4%
EPS growth (YoY) +2,103%
Net debt 231M TRY FY2023

Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100
Profitability 61
Quality Growth 70
Cashflow 75
Fin. Strength 78
Investment 33
Low Volatility 0
Momentum 50
52W Momentum 50
Net Issuance 82

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi engages in the real estate, construction, and contracting and engineering businesses in Turkey. It invests in and develops hotel, commercial, and residential real estate projects. The company was incorporated in 2012 and is headquartered in Istanbul, Turkey.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi reported revenue of 524M TRY in FY2025 versus 36.6M TRY in FY2021, a compound +94.5%/yr. Reported net income was 3.1B TRY in FY2025, compounding +90.7%/yr from FY2021.

Revenue +94.5%/yr
FY21 36.6M TRY
FY22 40.9M TRY
FY23 37.4M TRY
FY24 115M TRY
FY25 524M TRY
Net income +90.7%/yr
FY21 236M TRY
FY22 295M TRY
FY23 1.7B TRY
FY24 −272M TRY
FY25 3.1B TRY

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Cite: Fair Value Calculator (2026). "Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/AHSGY

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 / 13
FUTURE 100 / 13
PAST 100 / 20
HEALTH 100 / 70
DIVIDEND 8 / 99

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi (AHSGY) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 10.50 TRY versus a price of 18.50 TRY, about −43% (overvalued).
What is the fair value of AHSGY?
Our model-based fair value for Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 10.50 TRY (as of Jul 31, 2026), built from audited fundamentals. The current price is 18.50 TRY.
What is the quality score of AHSGY?
Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi has a Quality Score of 60/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi (AHSGY)?
Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi reported trailing-twelve-month revenue of about 524M TRY (latest available figure, as of Jul 31, 2026).
Does Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi pay a dividend?
Ahes Gayrimenkul Yatirim Ortakligi Anonim Sirketi currently shows a dividend yield of about 0.39% relative to its recent price (as of Jul 31, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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