Alarko Holding AS (ALARK) fair value: what the stock is really worth
We calculate from audited financials what Alarko Holding AS is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 7.40 TRY – 134.21 TRY · fair‑value band 19.31 TRY – 38.90 TRY · the 117.40 TRY price screens above the 30.95 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Alarko Holding A.S., together with its subsidiaries, engages in contracting, energy, industry and trade, tourism, land development, investment, and agriculture businesses in Turkey.
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Alarko Holding A.S., together with its subsidiaries, engages in contracting, energy, industry and trade, tourism, land development, investment, and agriculture businesses in Turkey. The company undertakes in the construction of refineries, chemical, petrochemical plants, power, industrial, and water and wastewater treatment plants, as well as pipelines, transportation, and housing projects. It also produces, distributes, sells, and trades energy; manufactures heating, ventilating, and air conditioning, as well as sells heating, RLC products, and provides marketing, repair, and maintenance services. In addition, the company operates hotels, sports center, spa centers, and movie theatres; residential land development activities; invest in public and private companies; and venture capital activities. Further, it is involved in greenhouse, fertilizer, seed, and food industry activities. The company was founded in 1954 and is based in Istanbul, Turkey.
Stock analysis
Alarko Holding AS (ALARK) currently trades at 117.40 TRY, while our model-based Fair Value estimate is 30.95 TRY, implying the stock looks roughly 279.4% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 114.66 TRY per share, and 0 of the 3 models we run sit above the 117.40 TRY price.
Bear case: the Dividend Discount group reads lowest at 48.21 TRY, and 3 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: 19.31 TRY (bear) to 38.90 TRY (bull), the price of 117.40 TRY sits above 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 27/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Alarko Holding AS reported revenue of 8.7B TRL in FY2025 versus 2.0B TRL in FY2021, a compound +44.0%/yr. Reported net income was −1.2B TRL in FY2025.
Key figures
Market cap 51.0B TRY (≈ $1.1B) · P/E ratio 28.0 · P/S ratio 4.85 · EPS (TTM) 4.19 TRY · Dividend yield 2.7% · Net margin −14.1% · Return on equity 1.9% · Return on assets (EBIT) −1.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 61% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at −74%, ALARK screens richer than that median.
Fair Value models
Bear 19.31 TRYFair Value 30.95 TRYBull 38.90 TRY
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (0.7076 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.Evidence ⓘEvidence = 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.43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−12.8%
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.
+6.8%
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.
+53.1%
Revenue growth 25 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.
−17.1%
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Profit margin (trend) ⓘ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.
24.4% (2020) → −27.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Conglomerates · 377 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score27 · Bottom 25%
Fair Value upside−72% · Bottom 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets−1% · Bottom 25%
Net margin (TTM)20% · Top 25%
Operating margin (TTM)−25% · Bottom 25%
Growth and dividend
Revenue growth26% · Top 25%
Dividend yield (TTM)2.7% · Above median
Balance sheet
Debt / equity0.17× · Below median
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (TTM)28.0× · Pricier than median
P/B0.59× · Cheaper than median
P/S (TTM)4.85× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 31
FUTURE (revenue growth)100· sector 16
PAST (return on equity)7· sector 17
HEALTH (low debt)91· sector 89
DIVIDEND (yield)54· sector 41
VALUE 0: the price sits above our fair-value range.
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). "Alarko Holding AS Fair Value". https://www.fairvalue-calculator.com/stock/ALARK
Frequently asked questions
Is Alarko Holding AS (ALARK) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 30.95 TRY versus a price of 117.40 TRY, about −74% upside (overvalued).
What is the fair value of ALARK?
Our model-based fair value for Alarko Holding AS is 30.95 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 117.40 TRY.
What is the quality score of ALARK?
Alarko Holding AS has a Quality Score of 27/100. 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 Alarko Holding AS (ALARK)?
Our model-based price target is the fair value of 30.95 TRY (as of Sep 13, 2026) from 3 valuation models. Cautious scenario 19.31 TRY, optimistic scenario 38.90 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Alarko Holding AS stock forecast for 2026?
Our models put fair value at 30.95 TRY, about −74% upside versus a price of 117.40 TRY (overvalued). Cautious scenario 19.31 TRY, optimistic scenario 38.90 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Alarko Holding AS (ALARK)?
Alarko Holding AS reported trailing-twelve-month revenue of about 9.1B TRY (latest available figure, as of Sep 13, 2026).
Does Alarko Holding AS pay a dividend?
Alarko Holding AS currently shows a dividend yield of about 2.71% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Alarko Holding AS (ALARK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Alarko Holding AS it is 30.95 TRY per share (as of Sep 13, 2026), against a price of 117.40 TRY. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Alarko Holding AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, ALARK trades above its calculated fair value: price 117.40 TRY, fair value 30.95 TRY, a gap of about −74% (overvalued). 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 ALARK?
No. The price is what the market pays today (117.40 TRY); the fair value is what the company's own numbers justify (30.95 TRY). For Alarko Holding AS the two are 86.45 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Alarko Holding AS worth?
The market values Alarko Holding AS at about 51.0B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 117.40 TRY; our models calculate a fair value of 30.95 TRY per share.
What do the bullish and bearish scenarios say about ALARK?
Our models span a range for Alarko Holding AS: cautious scenario 19.31 TRY, base 30.95 TRY, optimistic 38.90 TRY per share (as of Sep 13, 2026, price 117.40 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALARK?
Alarko Holding AS trades at a price-to-earnings ratio of 28.0 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 30.95 TRY is built from several models across several years. Other multiples: P/B 0.6, P/S 4.8.
How solid is the balance sheet of Alarko Holding AS (ALARK)?
Balance-sheet figures for Alarko Holding AS (as of Sep 13, 2026): return on equity 1.9%, debt of 0.17 per unit of equity. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is ALARK from its 52-week high?
Alarko Holding AS trades at 117.40 TRY, about 4% below its 52-week high of 113.01 TRY and 61% above the low of 72.73 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 30.95 TRY is for.
Which stocks are comparable to Alarko Holding AS?
From the same area (Industrials) we also value ITOCHU Corporation, 3M Company, Honeywell International Inc, CITIC Limited, 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 Alarko Holding AS stock attractive at the current price?
The data as of Sep 13, 2026: price 117.40 TRY, calculated fair value 30.95 TRY (−74%), Quality Score 27/100, from 3 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 ALARK calculated?
We run Alarko Holding AS through 3 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 30.95 TRY, 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 15.8 % above its aggregate fair value. Alarko Holding AS itself currently trades above fair value. 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 should I pay attention to with Alarko Holding AS right now?
The price sits above even our optimistic bull case (38.90 TRY). The favourable scenario is already priced in. Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (19.31 TRY to 38.90 TRY) leaves room in how you read the outcome.
Key figures of Alarko Holding AS
How large is the market capitalisation of Alarko Holding AS (ALARK)?
The market capitalisation of Alarko Holding AS is 51.0B TRY (≈ $1.1B). 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 Alarko Holding AS (ALARK)?
The price-to-sales ratio of Alarko Holding AS is 4.85 (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 Alarko Holding AS (ALARK)?
Earnings per share at Alarko Holding AS are 4.19 TRY (price ÷ EPS = P/E 28.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Alarko Holding AS (ALARK)?
The dividend yield of Alarko Holding AS is 2.7% (payout 76.0%). 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 Alarko Holding AS (ALARK)?
The net margin of Alarko Holding AS is −14.1% (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 Alarko Holding AS (ALARK)?
The return on equity (ROE) of Alarko Holding AS is 1.9% (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 Alarko Holding AS (ALARK)?
On an EBIT basis the return on assets of Alarko Holding AS is −1.0% (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 Alarko Holding AS (ALARK)?
The operating margin of Alarko Holding AS is −25.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Alarko Holding AS (ALARK)?
Revenue at Alarko Holding AS is growing +26.3% versus a year earlier (3y avg +6.8%). 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 Alarko Holding AS (ALARK)?
Earnings per share at Alarko Holding AS are growing +79.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Alarko Holding AS (ALARK) generate?
The free cash flow of Alarko Holding AS is −15.0B 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 Alarko Holding AS (ALARK) carry?
The net debt of Alarko Holding AS is 20.0B 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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