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Anadolu Hayat Emeklilik Anonim Sirketi (ANHYT) Fair Value & Analysis

Financial Services · TR · Market cap 49.5B TRY

AH Anadolu Hayat Emeklilik Anonim Sirketi ANHYT · IS
Price115.10 TRY
Fair Value181.22 TRY
Upside+57.5%
Quality61/100
Healthy Growth
Solidly profitable · 16.4% net margin
generates free cash flow
7.08% dividend yield
Ranks above peers (12/14)
Wide moat 70/100
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Evidence: High Range 135.92 TRY – 226.53 TRY Share as image

Fair value as of: Aug 4, 2026

From 24 valuation models · updated today

Share price +13.3% over the past month.

A solid business, screening 57% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (135.92 TRY). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

124.09 TRY 6.32 TRY Fair Value 181.22 TRY Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 4, 2026.

How to read this chart

60‑month range 6.32 TRY – 124.09 TRY · fair‑value band 135.92 TRY – 226.53 TRY · the 115.10 TRY price screens below the 181.22 TRY fair value. Dashed = 300-day average. As of Aug 4, 2026.

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Analysis

Anadolu Hayat Emeklilik Anonim Sirketi (ANHYT) currently trades at 115.10 TRY, while our model-based Fair Value estimate is 181.22 TRY, implying the stock looks roughly 57.5% undervalued today. We read business quality at 61/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Anadolu Hayat Emeklilik Anonim Sirketi generated revenue of 43.2B TRY at a net margin of 16.4%. Revenue grew 29.2% year over year. It earns a return on equity of 59.1%. The stock trades on a trailing P/E of 7.0. Fundamentals as of Aug 4, 2026

Our scenario range runs from 135.92 TRY (bear case) to 226.53 TRY (bull case); at 115.10 TRY, the current price sits below that range. The share trades about 4% below its 52-week high and 57% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 35% fair-value upside, at 57%, ANHYT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 115.14 TRY 175.97 TRY 2,575 TRY 76
Growth DCF 359.57 TRY 652.39 TRY 1,244 TRY 72
Growth-Adj P/E 292.43 TRY 417.75 TRY 543.08 TRY 68
All 24 models by family
DCF Models
FCF DCF 381.08 TRY 588.67 TRY 1,250 TRY 38
Owner Earnings 228.26 TRY 495.06 TRY 1,055 TRY 31
5Y Revenue Exit 124.52 TRY 151.67 TRY 200.99 TRY 39
5Y EBITDA Exit 125.29 TRY 153.25 TRY 202.98 TRY 41
5Y P/E Exit 271.24 TRY 537.00 TRY 887.21 TRY 38
10Y Revenue Exit 197.56 TRY 285.72 TRY 320.47 TRY 36
10Y EBITDA Exit 198.54 TRY 287.30 TRY 413.06 TRY 37
10Y P/E Exit 303.79 TRY 588.45 TRY 1,076 TRY 35
Earnings-Based
Graham-Dodd 94.79 TRY 661.07 TRY 927.71 TRY 54
Lynch FV 228.04 TRY 325.78 TRY 423.51 TRY 50
PEG = 1.0 228.04 TRY 325.78 TRY 423.51 TRY 46
EPV 24.17 TRY 25.01 TRY 25.75 TRY 59
Multiples
P/E Multiple 209.10 TRY 278.80 TRY 348.50 TRY 63
P/S Multiple 163.14 TRY 217.52 TRY 271.90 TRY 58
P/B Multiple 71.46 TRY 95.28 TRY 119.10 TRY 55
EV/EBIT 33.45 TRY 38.23 TRY 43.01 TRY 53
EV/EBITDA 30.50 TRY 34.30 TRY 38.10 TRY 54
EV/Revenue 28.78 TRY 32.92 TRY 37.06 TRY 43
Asset-Based
NCAV (Graham) 15.88 TRY 21.28 TRY 31.76 TRY 50
Growth DCF
Growth DCF 359.57 TRY 652.39 TRY 1,244 TRY 72
Rev-Margin DCF 124.52 TRY 171.68 TRY 243.78 TRY 67
Economic Profit
Residual Income 115.14 TRY 175.97 TRY 2,575 TRY 76
ROIC Compounder 24.17 TRY 25.01 TRY 25.75 TRY 67
Growth Earnings
Growth-Adj P/E 292.43 TRY 417.75 TRY 543.08 TRY 68

Widest divergence: Growth Earnings (417.75 TRY) versus Asset-Based (21.28 TRY). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 43.2B TRY
Revenue growth (YoY) +29.2%
Net margin 16.4%
Return on equity 59.1%
Free cash flow 9.2B TRY FY2025
P/E ratio 7.0
More key figures
Operating margin 21.3%
EPS (TTM) 16.51 TRY
Dividend yield 7.1%
EPS growth (YoY) +42.4%

Figures from reported company fundamentals · as of Aug 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 44 · Market factors (momentum, volatility) 70

Profitability 39
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 88
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

Anadolu Hayat Emeklilik Anonim Sirketi provides private pension and life insurance products in Turkey. The company offers private pension products, including individual, non-sponsored group, employer-sponsored, and income drawdown plans; auto-enrolment plans; and life insurance products, such as savings and endowment, annuities, and term life.

Full company description

Anadolu Hayat Emeklilik Anonim Sirketi provides private pension and life insurance products in Turkey. The company offers private pension products, including individual, non-sponsored group, employer-sponsored, and income drawdown plans; auto-enrolment plans; and life insurance products, such as savings and endowment, annuities, and term life. It also provides personal and group accident insurance products. In addition, the company provides conservative, balanced, dynamic, and aggressive pension funds. The company was formerly known as Anadolu Hayat Sigorta A.S. and changed its name to Anadolu Hayat Emeklilik Anonim Sirketi in 2003. Anadolu Hayat Emeklilik Anonim Sirketi was founded in 1990 and is headquartered in Istanbul, Turkey. Anadolu Hayat Emeklilik Anonim Sirketi is a subsidiary of Türkiye Is Bankasi A.S.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Anadolu Hayat Emeklilik Anonim Sirketi reported revenue of 37.4B TRL in FY2025 versus 4.9B TRL in FY2021, a compound +66.3%/yr. Reported net income was 6.0B TRL in FY2025, compounding +71.1%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
37.4B TRY
Latest YoY
+60.8%
Avg. growth/yr (3Y)
+67.7%
Avg. growth/yr (5Y)
+67.0%
Avg. growth/yr (24Y)
−32.5%
Revenue +66.3%/yr
FY21 4.9B TRL
FY22 7.9B TRL
FY23 16.6B TRL
FY24 23.3B TRL
FY25 37.4B TRL
Net income +71.1%/yr
FY21 700M TRL
FY22 1.4B TRL
FY23 2.9B TRL
FY24 4.3B TRL
FY25 6.0B TRL

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Cite: Fair Value Calculator (2026). "Anadolu Hayat Emeklilik Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/ANHYT

Peer Group

Insurance - Life · 98 stocks

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.

Quality Score 57 · Above median
Fair Value upside +57% · Above median
Return on equity (TTM) 59% · Top 25%
Return on assets 1% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 21% · Above median
Revenue growth 29% · Top 25%
Dividend yield (TTM) 7.1% · Top 25%

Valuation Multiples vs Insurance - Life median · lower = cheaper

P/E (TTM) 7.0× · Cheaper than median
P/B 3.62× · Pricier than 75% of peers
P/S (TTM) 1.15× · Pricier than median
P/FCF 0.1× · Cheaper than median
EV/EBITDA 4.3× · Cheaper than median
PEG 0.89× · Cheaper than median

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 100 · sector 28
FUTURE 100 · sector 44
PAST 100 · sector 43
HEALTH 0 · sector 85
DIVIDEND 100 · sector 54

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.

Similar stocks

10 more Insurance - Life stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).

Stock Price Fair Value vs Fair Value
China Life Insurance Company 601628 ¥38.72 ¥70.87 +83%
Ping An Insurance (Group) Company 601318 ¥49.60 ¥96.76 +95%
AIA Group 1299 HK$75.55 HK$7.88 -90%
Manulife Financial Corporation MFC C$58.52 C$45.13 -23%
Great-West Lifeco Inc GWO C$92.34 C$59.64 -35%
Life Insurance Corporation LICI ₹438.30 ₹590.43 +35%
Samsung Life Insurance Co 032830 337,500 KRW 166,710 KRW -51%
China Pacific Insurance (Group) Co 601601 ¥29.75 ¥59.50 +100%
Prudential plc PUKN 545.00 MXN 722.72 MXN +33%
New China Life Insurance Company 601336 ¥62.80 ¥125.60 +100%

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Frequently asked questions

Is Anadolu Hayat Emeklilik Anonim Sirketi (ANHYT) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 181.22 TRY versus a price of 115.10 TRY, about +57% (undervalued).
What is the fair value of ANHYT?
Our model-based fair value for Anadolu Hayat Emeklilik Anonim Sirketi is 181.22 TRY (as of Aug 4, 2026), built from audited fundamentals. The current price is 115.10 TRY.
What is the quality score of ANHYT?
Anadolu Hayat Emeklilik Anonim Sirketi has a Quality Score of 61/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Anadolu Hayat Emeklilik Anonim Sirketi (ANHYT)?
Anadolu Hayat Emeklilik Anonim Sirketi reported trailing-twelve-month revenue of about 43.2B TRY (latest available figure, as of Aug 4, 2026).
What is the net profit margin of ANHYT?
The net profit margin of Anadolu Hayat Emeklilik Anonim Sirketi is about 16.4%, meaning it keeps roughly 16.4% of revenue as net income. Based on the latest reported figures.
Does Anadolu Hayat Emeklilik Anonim Sirketi pay a dividend?
Anadolu Hayat Emeklilik Anonim Sirketi currently shows a dividend yield of about 7.08% relative to its recent price (as of Aug 4, 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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