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ALTINAY SAVUNMA (ALTNY) fair value: what the stock is really worth

As of Oct 30, 2026: fair value (intrinsic value) of ALTINAY SAVUNMA stock TRY 4.32, price TRY 10.07, that is 57.1% below the price, quality 30 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Industrials TR · ISIN TREALTA00014

AS ALTINAY SAVUNMA logo Thin data Oct 31, 2026

ALTINAY SAVUNMA

ALTNY · IS
Very expensive, weak quality

Our calculation puts a fair price 57% below what the stock costs today.

Low debt
Expensive Growth (revenue 3y +74.7 %/yr in TRY)
Thin margins · 0.7% net margin (TTM)
Profit last quarter 67% below a year ago.
Fair value 4.32 TRY · Strongly overvalued (−57.1%)
Quality 30/100
Negative free cash flow
Trails peers (3/11)
Narrow moat 28/100
Thin data

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

29.04 TRY 8.28 TRY Fair Value 4.32 TRY May 2024 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Oct 31, 2026.

How to read this chart

29‑month range 8.28 TRY – 29.04 TRY · fair‑value band 2.63 TRY – 5.91 TRY · the 10.07 TRY price screens above the 4.32 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 31, 2026.

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Company profile

Altinay Savunma Teknolojileri Anonim Sirketi provides products and solutions in the fields of motion control, unmanned, stealth, weapon, ammunition destruction, and production systems.

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The company offers actuators, telescopic mast systems, weapon pedestals, electro-optic monitoring, test, unmanned, maritime, servo drivers, bomb disposal robot arm, and helicopter capture and transfer systems. It serves government and private sectors in Turkey and internationally.

The company was founded in 2014 and is headquartered in Istanbul, Turkey.

Stock analysis

ALTINAY SAVUNMA (ALTNY) currently trades at 10.07 TRY, while our model-based Fair Value estimate is 4.32 TRY, 57.1% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 4.55 TRY per share, and 0 of the 14 models we run sit above the 10.07 TRY price.

Bear case: the Asset-Based group reads lowest at 0.9200 TRY, and 14 of the 14 models stay below the price. Data coverage for this calculation is low.

Scenario range: 2.63 TRY (bear) to 5.91 TRY (bull), the price of 10.07 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 30/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

ALTINAY SAVUNMA reported revenue of 3.1B TRY in FY2025 versus 263M TRY in FY2021, a compound +85.9%/yr. Reported net income was 163M TRY in FY2025, compounding +55.8%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Key figures

Market cap 10.1B TRY (≈ $202M) Micro · P/S ratio 3.56 · EPS (TTM) −0.0300 TRY · Net margin 0.7% · Return on equity −1.6% · Return on assets (EBIT) 9.9% · Operating margin 7.4% · Revenue (TTM) 2.9B TRY.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 48% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −57%, ALTNY screens richer than that median.

Fair Value models

Bear 2.63 TRY Fair Value 4.32 TRY Bull 5.91 TRY
Price 10.07 TRY · Downside -57.1%
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. 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.
Best data coverage
EPV 2.39 TRY 2.59 TRY 2.74 TRY 71
ROIC Compounder 2.39 TRY 2.59 TRY 2.74 TRY 69
Residual Income 2.30 TRY 2.42 TRY 2.69 TRY 68
All 14 models by family
Earnings-Based
Graham-Dodd 1.11 TRY 7.75 TRY 10.88 TRY 60
Lynch FV 2.34 TRY 3.35 TRY 4.35 TRY 58
PEG = 1.0 2.34 TRY 3.35 TRY 4.35 TRY 55
EPV 2.39 TRY 2.59 TRY 2.74 TRY 71
Multiples
P/E Multiple 2.57 TRY 3.43 TRY 4.29 TRY 63
P/S Multiple 2.08 TRY 2.78 TRY 3.47 TRY 58
P/B Multiple 4.61 TRY 6.15 TRY 7.68 TRY 55
EV/EBIT 5.23 TRY 7.42 TRY 9.60 TRY 65
EV/EBITDA 6.36 TRY 8.92 TRY 11.48 TRY 67
EV/Revenue 2.63 TRY 4.32 TRY 6.02 TRY 52
Asset-Based
NCAV (Graham) 0.6800 TRY 0.9200 TRY 1.37 TRY 54
Economic Profit
Residual Income 2.30 TRY 2.42 TRY 2.69 TRY 68
ROIC Compounder 2.39 TRY 2.59 TRY 2.74 TRY 69
Growth Earnings
Growth-Adj P/E 3.18 TRY 4.55 TRY 5.91 TRY 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 30/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 23
How much profit the company makes from its sales and capital
Quality Growth 39
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 50
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 47
How calm the share price moves, does not count
Price momentum 8
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

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Revenue & earnings trend

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. 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+35.8%
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.
+74.7%
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. Basis: EBIT basis. 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.
+40.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+40.4%
Dividend (yield on the price)0.0%

ALTNY screens overvalued: fair value 57% below the price. Compare with General Electric Company →

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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.Aerospace & Defense · 239 stocks

Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 30 · Bottom 25%
Fair Value upside −57.1% · Below median
Profitability
Return on assets 1.7% · Below median
Net margin (12 months) 0.7% · Bottom 25%
Operating margin (12 months) 7.4% · Below median
Growth and dividend
Revenue growth (quarter YoY) 11.8% · Above median
Balance sheet
Debt / equity 0.03× · Below median

Valuation Multiplesvs Aerospace & Defense median · lower = cheaper

P/B 2.18× · Cheaper than median
P/S (12 months) 3.44× · Pricier than median
EV/EBITDA 21.5× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)59 · sector 59
PAST (return on equity)0 · sector 40
HEALTH (low debt)99 · sector 94
DIVIDEND (yield)0 · sector 18

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

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

Weapons Defense

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
TransDigm Group TDG $1,147 $1,261 +10% vs ALTNY
Honeywell Aerospace Inc HONA $154.15 $169.57 +10% vs ALTNY
General Dynamics Corporation GD $372.59 $274.19 −26% vs ALTNY
Lockheed Martin Corporation LMT $636.95 $439.21 −31% vs ALTNY
Northrop Grumman Corporation NOC $557.54 $382.98 −31% vs ALTNY
Airbus SE AIR €192.40 €112.14 −42% vs ALTNY
RTX Corporation RTX $199.80 $88.19 −56% vs ALTNY
General Electric Company GE $301.80 $92.26 −69% vs ALTNY
Rheinmetall AG RHM €1,038 €313.19 −70% vs ALTNY
Howmet Aerospace Inc HWM $199.22 $52.65 −74% vs ALTNY

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Cite: Fair Value Calculator (2026). "ALTINAY SAVUNMA Fair Value". https://www.fairvalue-calculator.com/stock/ALTNY

Frequently asked questions

Is ALTINAY SAVUNMA (ALTNY) overvalued or undervalued?
As of Oct 31, 2026, our model estimates a fair value of 4.32 TRY versus a price of 10.07 TRY, about 57% lower (overvalued).
What is the fair value of ALTNY?
Our model-based fair value for ALTINAY SAVUNMA is 4.32 TRY (as of Oct 31, 2026), built from audited fundamentals. The current price: 10.07 TRY.
What is the quality score of ALTNY?
ALTINAY SAVUNMA has a Quality Score of 30/100. 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 ALTINAY SAVUNMA (ALTNY)?
Our model-based price target is the fair value of 4.32 TRY (as of Oct 31, 2026) from 14 valuation models. Cautious scenario 2.63 TRY, optimistic scenario 5.91 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the ALTINAY SAVUNMA stock forecast for 2026?
Our models put fair value at 4.32 TRY, about 57% lower versus a price of 10.07 TRY (overvalued). Cautious scenario 2.63 TRY, optimistic scenario 5.91 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of ALTINAY SAVUNMA (ALTNY)?
ALTINAY SAVUNMA reported trailing-twelve-month revenue of about 2.9B TRY (latest available figure, as of Oct 31, 2026).
What is the intrinsic value of ALTINAY SAVUNMA (ALTNY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ALTINAY SAVUNMA it is 4.32 TRY per share (as of Oct 31, 2026), against a price of 10.07 TRY. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is ALTINAY SAVUNMA stock overvalued or undervalued in 2026?
As of Oct 31, 2026, ALTNY trades above its calculated fair value: price 10.07 TRY, fair value 4.32 TRY, a gap of about −57% (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 ALTNY?
No. The price is what the market pays today (10.07 TRY); the fair value is what the company's own numbers justify (4.32 TRY). For ALTINAY SAVUNMA the two are 5.75 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is ALTINAY SAVUNMA worth?
The market values ALTINAY SAVUNMA at about 10.1B TRY (market capitalisation, as of Oct 31, 2026). Per share that is 10.07 TRY; our models calculate a fair value of 4.32 TRY per share.
What do the bullish and bearish scenarios say about ALTNY?
Our models span a range for ALTINAY SAVUNMA: cautious scenario 2.63 TRY, base 4.32 TRY, optimistic 5.91 TRY per share (as of Oct 31, 2026, price 10.07 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ALTINAY SAVUNMA (ALTNY)?
Balance-sheet figures for ALTINAY SAVUNMA (as of Oct 31, 2026): return on equity −1.6%, debt of 0.03 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is ALTNY from its 52-week high?
ALTINAY SAVUNMA trades at 10.07 TRY, about 48% below its 52-week high of 19.48 TRY and at the low of 10.07 TRY (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 4.32 TRY is for.
Which stocks are comparable to ALTINAY SAVUNMA?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, 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 ALTINAY SAVUNMA stock attractive at the current price?
The data as of Oct 31, 2026: price 10.07 TRY, calculated fair value 4.32 TRY (−57%), Quality Score 30/100, from 14 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 ALTNY calculated?
We run ALTINAY SAVUNMA through 14 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 4.32 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 14.9 % above its aggregate fair value. ALTINAY SAVUNMA 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 is the share price of ALTINAY SAVUNMA (ALTNY)?
The closing price on Oct 30, 2026 was 10.07 TRY. Our model-based fair value is 4.32 TRY, about 57% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ALTINAY SAVUNMA right now?
The price sits above even our optimistic bull case (5.91 TRY). The favourable scenario is already priced in. Weak quality (30/100) 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 (2.63 TRY to 5.91 TRY) leaves room in how you read the outcome.

Key figures of ALTINAY SAVUNMA

How large is the market capitalisation of ALTINAY SAVUNMA (ALTNY)?
The market capitalisation of ALTINAY SAVUNMA is 10.1B TRY (≈ $202M). 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 ALTINAY SAVUNMA (ALTNY)?
The price-to-sales ratio of ALTINAY SAVUNMA is 3.56 (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 ALTINAY SAVUNMA (ALTNY)?
Earnings per share at ALTINAY SAVUNMA are −0.0300 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ALTINAY SAVUNMA (ALTNY)?
The net margin of ALTINAY SAVUNMA is 0.7% (last twelve months). 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 ALTINAY SAVUNMA (ALTNY)?
The return on equity (ROE) of ALTINAY SAVUNMA is −1.6% (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 ALTINAY SAVUNMA (ALTNY)?
On an EBIT basis the return on assets of ALTINAY SAVUNMA is 9.9% (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 ALTINAY SAVUNMA (ALTNY)?
The operating margin of ALTINAY SAVUNMA is 7.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ALTINAY SAVUNMA (ALTNY)?
Revenue at ALTINAY SAVUNMA is growing +11.8% versus a year earlier (3y avg +74.7%). 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 ALTINAY SAVUNMA (ALTNY)?
Earnings per share at ALTINAY SAVUNMA are growing −66.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ALTINAY SAVUNMA (ALTNY) generate?
The free cash flow of ALTINAY SAVUNMA is −1.4B 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 ALTINAY SAVUNMA (ALTNY) carry?
The net debt of ALTINAY SAVUNMA is 1.3B 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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