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Ata Gayrimenkul Yatirim Ortakligi A.S. (ATAGY) Fair Value & Analysis

Real Estate · TR · Market cap 492M TRY

AG Ata Gayrimenkul Yatirim Ortakligi A.S. ATAGY · IS
Price10.16 TRY
Fair Value4.74 TRY
Upside-53.4%
Quality42/100
Mixed Growth
Loss-making · -12.1% net margin
Low debt · generates free cash flow
Trails peers (3/10)
Narrow moat 6/100
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Evidence: High Range 3.38 TRY – 4.74 TRY Share as image

Fair value as of: Jul 31, 2026

From 15 valuation models · updated today

Share price −14.3% over the past month.

What matters now

  • The price sits above even our optimistic bull case (4.74 TRY). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (12 months)

17.55 TRY 10.16 TRY Fair Value 4.74 TRY Aug 2025 Jul 2026

12‑month range 10.16 TRY – 17.55 TRY · fair‑value band 3.38 TRY – 4.74 TRY · the 10.16 TRY price screens above the 4.74 TRY fair value. As of Jul 31, 2026.

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Analysis

Ata Gayrimenkul Yatirim Ortakligi A.S. (ATAGY) currently trades at 10.16 TRY, while our model-based Fair Value estimate is 4.74 TRY, implying the stock looks roughly 53.4% overvalued today. We read business quality at 42/100 (below-average 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).

Over the trailing twelve months, Ata Gayrimenkul Yatirim Ortakligi A.S. generated revenue of 43.7M TRY at a net margin of -12.1%. Revenue declined 5.2% year over year. It earns a return on equity of -0.8%. Net debt stands at 70.8M TRY. Fundamentals as of Jul 31, 2026

Our scenario range runs from 3.38 TRY (bear case) to 4.74 TRY (bull case); at 10.16 TRY, the current price sits above that range. The share trades about 45% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 26% fair-value upside, at -53%, ATAGY screens richer than that median.

Key figures & financial health

Revenue (TTM) 43.7M TRY
Revenue growth (YoY) -5.2%
Net margin -12.1%
Return on equity -0.8%
Free cash flow 17.2M TRY FY2025
Operating margin -5.2%
More key figures
EPS (TTM) -0.1100 TRY
EPS growth (YoY) +5.0%
Net debt 70.8M TRY FY2021

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

Quality Score breakdown

Overall quality 42/100
Profitability 7
Quality Growth 46
Cashflow 99
Fin. Strength 59
Investment 32
Low Volatility 78
Momentum 18
52W Momentum 4
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

Ata Gayrimenkul Yatirim Ortakligi A.S. operates in REIT sector in Turkey. The company focuses on commercial real estate valuables and projects. Its projects include real estate, retail, office, and logistics. Ata Gayrimenkul Yatirim Ortakligi A.S. was founded in 1997 and is based in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ata Gayrimenkul Yatirim Ortakligi A.S. reported revenue of 44.4M TRL in FY2025 versus 4.4M TRL in FY2021, a compound +78.6%/yr. Reported net income was −6.4M TRL in FY2025.

Revenue +78.6%/yr
FY21 4.4M TRL
FY22 89.5M TRL
FY23 103M TRL
FY24 37.6M TRL
FY25 44.4M TRL
Net income
FY21 15.5M TRL
FY22 162M TRL
FY23 46.8M TRL
FY24 53.0M TRL
FY25 −6.4M TRL

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Cite: Fair Value Calculator (2026). "Ata Gayrimenkul Yatirim Ortakligi A.S. Fair Value". https://www.fairvalue-calculator.com/stock/ATAGY

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 0 / 13
PAST 0 / 20
HEALTH 100 / 70
DIVIDEND 0 / 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.

Similar stocks

10 more REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).

Stock Price Fair Value vs Fair Value
Goodman Group GMGSF $21.70 $7.07 -67%
VICI Properties Inc VICI $26.73 $41.74 +56%
W. P. Carey Inc WPC $72.30 $55.97 -23%
Stockland STKAF $3.00 $2.58 -14%
Charter Hall Group CTOUF $15.42 $10.45 -32%
FNCDY FNCDY $17.03 $23.23 +36%
GSEFF GSEFF $63.01 $79.18 +26%
The GPT Group GPTGF $3.63 $2.45 -33%
COV COV €55.25 €93.17 +69%
Fibra Uno FUNO11 28.61 MXN 71.53 MXN +150%

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Frequently asked questions

Is Ata Gayrimenkul Yatirim Ortakligi A.S. (ATAGY) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 4.74 TRY versus a price of 10.16 TRY, about −53% (overvalued).
What is the fair value of ATAGY?
Our model-based fair value for Ata Gayrimenkul Yatirim Ortakligi A.S. is 4.74 TRY (as of Jul 31, 2026), built from audited fundamentals. The current price is 10.16 TRY.
What is the quality score of ATAGY?
Ata Gayrimenkul Yatirim Ortakligi A.S. has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ata Gayrimenkul Yatirim Ortakligi A.S. (ATAGY)?
Ata Gayrimenkul Yatirim Ortakligi A.S. reported trailing-twelve-month revenue of about 43.7M TRY (latest available figure, as of Jul 31, 2026).
What is the net profit margin of ATAGY?
The net profit margin of Ata Gayrimenkul Yatirim Ortakligi A.S. is about -12.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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