Arcelik AS (ARCLK) fair value: what the stock is really worth
We calculate from audited financials what Arcelik 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 27.21 TRY – 195.00 TRY · fair‑value band 119.96 TRY – 271.76 TRY · the 95.80 TRY price screens below the 174.36 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.
Arçelik Anonim Sirketi, together with its subsidiaries, produces, markets, sells, after sales services, imports, and exports consumer durable goods and electronics in Turkey, Europe, the Asia Pacific, Africa, and internationally. It operates through White Goods, Consumer Electronics, and Other segments.
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Arçelik Anonim Sirketi, together with its subsidiaries, produces, markets, sells, after sales services, imports, and exports consumer durable goods and electronics in Turkey, Europe, the Asia Pacific, Africa, and internationally. It operates through White Goods, Consumer Electronics, and Other segments. It offers refrigerators, freezers, washing machines, dryers, dishwashers, ovens, microwave ovens, furnaces, hoods, mini-midi ovens, waring drawers, water dispensers, water purifiers, air conditioners, combi boilers, kettles, room heaters, fans, solar panels, inverters, sun junior energy storage system, solar UPS, folding solar panel, solar backpacks, vehicle charging devices, heat pumps, televisions, smartphones, laptop and tablets, POS cash register, portable sound system, brooms, cooking utensils, irons, hygiene products, hermetic compressors, and motor pumps. The company provides its products under the Altus, Arctic, Blomberg, Hitachi, Dawlance, Arçelik, Singer, Bauknecht, Ignis, Polar, Privileg, Beko, Defy, Indesit, Elektrabregenz, Flavel, Grundig, Hotpoint, Ariston, Leisure, and VoltasBeko brand names. Arçelik Anonim Sirketi was incorporated in 1955 and is based in Istanbul, Turkey.
Stock analysis
Arcelik AS (ARCLK) currently trades at 95.80 TRY, while our model-based Fair Value estimate is 174.36 TRY, implying the stock looks roughly 45.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 268.83 TRY per share, and 12 of the 15 models we run sit above the 95.80 TRY price.
Bear case: the Dividend Discount group reads lowest at 25.02 TRY, and 3 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: 119.96 TRY (bear) to 271.76 TRY (bull), the price of 95.80 TRY sits below 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 29/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Arcelik AS reported revenue of 524B TRL in FY2025 versus 68.2B TRL in FY2021, a compound +66.5%/yr. Reported net income was −8.4B TRL in FY2025.
Key figures
Market cap 64.5B TRY (≈ $1.3B) · P/S ratio 0.13 · EPS (TTM) −12.97 TRY · Dividend yield 1.6% · Net margin −1.6% · Return on equity −12.0% · Return on assets (EBIT) 4.1% · Operating margin 1.3%.
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 about 35% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 0% fair-value upside, at 82%, ARCLK screens cheaper than that median.
Fair Value models
Bear 119.96 TRYFair Value 174.36 TRYBull 271.76 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.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.56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−6.6%
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.
+57.6%
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.
+66.6%
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.
−25.7%
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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.
8.9% (2020) → 1.2% (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
not computed
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+31.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+17.9%
Yearly sales growth analysts expect, extended to five years.
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.Furnishings, Fixtures & Appliances · 319 stocks
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Cite: Fair Value Calculator (2026). "Arcelik AS Fair Value". https://www.fairvalue-calculator.com/stock/ARCLK
Frequently asked questions
Is Arcelik AS (ARCLK) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 174.36 TRY versus a price of 95.80 TRY, about +82% upside (undervalued).
What is the fair value of ARCLK?
Our model-based fair value for Arcelik AS is 174.36 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 95.80 TRY.
What is the quality score of ARCLK?
Arcelik AS has a Quality Score of 29/100. 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 Arcelik AS (ARCLK)?
Our model-based price target is the fair value of 174.36 TRY (as of Sep 13, 2026) from 15 valuation models. Cautious scenario 119.96 TRY, optimistic scenario 271.76 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Arcelik AS stock forecast for 2026?
Our models put fair value at 174.36 TRY, about +82% upside versus a price of 95.80 TRY (undervalued). Cautious scenario 119.96 TRY, optimistic scenario 271.76 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Arcelik AS (ARCLK)?
Arcelik AS reported trailing-twelve-month revenue of about 511B TRY (latest available figure, as of Sep 13, 2026).
Does Arcelik AS pay a dividend?
Arcelik AS currently shows a dividend yield of about 1.58% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Arcelik AS (ARCLK)?
For today's price to be fair in a discounted-cash-flow model, Arcelik AS would have to grow free cash flow by +31.1 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +66.6 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of ARCLK use?
Our models discount Arcelik AS at 14.2 %: a base by market capitalisation (small), damped by beta 0.08, country premium for Turkey. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Arcelik AS that is +31.1 % per year a year over ten years, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has Arcelik AS (ARCLK) delivered so far?
Over the past 5 years revenue at Arcelik AS grew +66.6 % a year. The price currently implies +31.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Arcelik AS (ARCLK) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Arcelik AS (+31.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Arcelik AS (ARCLK)?
The free-cash-flow yield on the price is 9.16 %: that much free cash flow Arcelik AS produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Arcelik AS (ARCLK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Arcelik AS it is 174.36 TRY per share (as of Sep 13, 2026), against a price of 95.80 TRY. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Arcelik AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, ARCLK trades below its calculated fair value: price 95.80 TRY, fair value 174.36 TRY, a gap of about +82% (undervalued). 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 ARCLK?
No. The price is what the market pays today (95.80 TRY); the fair value is what the company's own numbers justify (174.36 TRY). For Arcelik AS the two are 78.56 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Arcelik AS worth?
The market values Arcelik AS at about 64.5B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 95.80 TRY; our models calculate a fair value of 174.36 TRY per share.
What do the bullish and bearish scenarios say about ARCLK?
Our models span a range for Arcelik AS: cautious scenario 119.96 TRY, base 174.36 TRY, optimistic 271.76 TRY per share (as of Sep 13, 2026, price 95.80 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of ARCLK?
The PEG ratio of Arcelik AS is 0.88 (P/E divided by earnings growth, as of Sep 13, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Arcelik AS (ARCLK)?
Balance-sheet figures for Arcelik AS (as of Sep 13, 2026): return on equity −12.0%, debt of 1.14 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is ARCLK from its 52-week high?
Arcelik AS trades at 95.80 TRY, about 35% below its 52-week high of 147.50 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 174.36 TRY is for.
Which stocks are comparable to Arcelik AS?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, Haier Smart Home Co, King Slide Works Co, 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 Arcelik AS stock attractive at the current price?
The data as of Sep 13, 2026: price 95.80 TRY, calculated fair value 174.36 TRY (+82%), Quality Score 29/100, from 15 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 ARCLK calculated?
We run Arcelik AS through 15 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 174.36 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. Arcelik AS currently trades 82 % below its own fair value, and the market average says nothing about that. 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 Arcelik AS right now?
The large discount to fair value meets weak quality (29/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (119.96 TRY). The market is more pessimistic than our downside scenario. A fairly wide model range (119.96 TRY to 271.76 TRY) leaves room in how you read the outcome.
Key figures of Arcelik AS
How large is the market capitalisation of Arcelik AS (ARCLK)?
The market capitalisation of Arcelik AS is 64.5B TRY (≈ $1.3B). 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 Arcelik AS (ARCLK)?
The price-to-sales ratio of Arcelik AS is 0.13 (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 Arcelik AS (ARCLK)?
Earnings per share at Arcelik AS are −12.97 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Arcelik AS (ARCLK)?
The dividend yield of Arcelik AS is 1.6%. 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 Arcelik AS (ARCLK)?
The net margin of Arcelik AS is −1.6% (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 Arcelik AS (ARCLK)?
The return on equity (ROE) of Arcelik AS is −12.0% (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 Arcelik AS (ARCLK)?
On an EBIT basis the return on assets of Arcelik AS is 4.1% (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 Arcelik AS (ARCLK)?
The operating margin of Arcelik AS is 1.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Arcelik AS (ARCLK)?
Revenue at Arcelik AS is growing −8.8% versus a year earlier (3y avg +57.6%). 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 Arcelik AS (ARCLK)?
Earnings per share at Arcelik AS are growing −55.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Arcelik AS (ARCLK) carry?
The net debt of Arcelik AS is 127B TRY (fiscal year 2025, ≈ 23.8 yrs of FCF). 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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Some data
Sep 13, 2026