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Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, (AZTEK) Fair Value & Analysis

Technology · TR · Market cap 4.4B TRY

AT Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, AZTEK · IS
Price4.39 TRY
Fair Value4.68 TRY
Upside+6.6%
Quality31/100
Expensive Growth
Loss-making · -6.2% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/11)
Narrow moat 14/100
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Evidence: Low Range 3.02 TRY – 6.35 TRY Share as image

Fair value as of: Aug 5, 2026

From 6 valuation models · updated today

Share price −9.7% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (3.02 TRY to 6.35 TRY) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (4 years)

15.95 TRY 1.11 TRY Fair Value 4.68 TRY Aug 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 5, 2026.

How to read this chart

48‑month range 1.11 TRY – 15.95 TRY · fair‑value band 3.02 TRY – 6.35 TRY · the 4.39 TRY price screens below the 4.68 TRY fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, (AZTEK) currently trades at 4.39 TRY, while our model-based Fair Value estimate is 4.68 TRY, implying the stock looks roughly 6.6% fairly valued today. We read business quality at 31/100 (below-average quality), in the Technology 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: low), always confirm before acting.

Over the trailing twelve months, Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, generated revenue of 9.1B TRY at a net margin of -6.2%. Revenue grew 3.0% year over year. It earns a return on equity of -28.5%. Net debt stands at 2.0B TRY. Fundamentals as of Aug 5, 2026

Our scenario range runs from 3.02 TRY (bear case) to 6.35 TRY (bull case); at 4.39 TRY, the current price sits within that range. The share trades about 33% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at 7%, AZTEK 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
ROIC Compounder 4.33 TRY 6.67 TRY 8.01 TRY 72
EPV 3.30 TRY 3.75 TRY 4.15 TRY 59
EV/EBITDA 5.40 TRY 7.07 TRY 8.73 TRY 54
All 6 models by family
Earnings-Based
EPV 3.30 TRY 3.75 TRY 4.15 TRY 59
Multiples
EV/EBIT 5.84 TRY 7.65 TRY 9.46 TRY 53
EV/EBITDA 5.40 TRY 7.07 TRY 8.73 TRY 54
EV/Revenue 4.07 TRY 5.64 TRY 7.21 TRY 43
Asset-Based
NCAV (Graham) 0.9400 TRY 1.26 TRY 1.88 TRY 50
Economic Profit
ROIC Compounder 4.33 TRY 6.67 TRY 8.01 TRY 72

Widest divergence: Multiples (7.07 TRY) versus Asset-Based (1.26 TRY). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Revenue (TTM) 9.1B TRY
Revenue growth (YoY) +3.0%
Net margin -6.2%
Return on equity -28.5%
Free cash flow −304M TRY FY2025
Operating margin 5.4%
More key figures
EPS (TTM) -0.5600 TRY
EPS growth (YoY) -44.8%
Net debt 2.0B TRY FY2025

Figures from reported company fundamentals · as of Aug 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 30 · Market factors (momentum, volatility) 40

Profitability 27
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 27
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

Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, together with its subsidiaries, engages in the distribution of technology and consumer electronics in Turkey and Russia. The company offers cables, adapters, bags, cases, and similar accessory products for audio and video equipment. It also provides maintenance and repair services.

Full company description

Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, together with its subsidiaries, engages in the distribution of technology and consumer electronics in Turkey and Russia. The company offers cables, adapters, bags, cases, and similar accessory products for audio and video equipment. It also provides maintenance and repair services. The company sells its products under the Apple, Beats by Dr. Dre, JBL, Harman Kardon, Thule, Case Logic, Marshall, Urbanears, and Hama brands names through stores and online. It exports its products. The company was incorporated in 1996 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, reported revenue of 9.0B TRY in FY2025 versus 1.1B TRY in FY2021, a compound +69.9%/yr. Reported net income was −410M TRY in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
9.0B TRY
Latest YoY
−14.1%
Avg. growth/yr (3Y)
+22.8%
Avg. growth/yr (5Y)
+64.5%
Revenue +69.9%/yr
FY21 1.1B TRY
FY22 4.9B TRY
FY23 8.6B TRY
FY24 10.5B TRY
FY25 9.0B TRY
Net income
FY21 88.6M TRY
FY22 168M TRY
FY23 412M TRY
FY24 299M TRY
FY25 −410M TRY

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Cite: Fair Value Calculator (2026). "Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, Fair Value". https://www.fairvalue-calculator.com/stock/AZTEK

Peer Group

Electronics & Computer Distribution · 152 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 31 · Bottom 25%
Fair Value upside +7% · Above median
Return on assets 3% · Above median
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) 5% · Above median
Revenue growth 3% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.01× · Cheaper than 75% of peers

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 42 · sector 17
FUTURE 15 · sector 57
PAST 0 · sector 36
HEALTH 100 · sector 98
DIVIDEND 0 · sector 39

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%
Insight Enterprises, Inc NSIT $114.65 $104.19 -9%

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Frequently asked questions

Is Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, (AZTEK) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of 4.68 TRY versus a price of 4.39 TRY, about +7% (fairly valued).
What is the fair value of AZTEK?
Our model-based fair value for Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, is 4.68 TRY (as of Aug 5, 2026), built from audited fundamentals. The current price is 4.39 TRY.
What is the quality score of AZTEK?
Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, has a Quality Score of 31/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, (AZTEK)?
Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, reported trailing-twelve-month revenue of about 9.1B TRY (latest available figure, as of Aug 5, 2026).
What is the net profit margin of AZTEK?
The net profit margin of Aztek Teknoloji Urunleri Ticaret Anonim Sirketi, is about -6.2%, 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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