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Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi (BESLR) Fair Value & Analysis

Consumer Defensive · TR · Market cap 8.2B TRY

BG Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi BESLR · IS
Price12.47 TRY
Fair Value27.99 TRY
Upside+124.5%
Quality32/100
Expensive Growth
Thin margins · 1.6% net margin
Low debt · negative free cash flow
Ranks above peers (8/12)
Narrow moat 29/100
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Evidence: Medium Range 16.12 TRY – 36.38 TRY Share as image

Fair value as of: Aug 5, 2026

From 15 valuation models · updated today

Share price −9.8% over the past month.

Below-average quality, screening 124% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (32/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (16.12 TRY). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (16.12 TRY to 36.38 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

20.76 TRY 3.67 TRY Fair Value 27.99 TRY May 2021 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

60‑month range 3.67 TRY – 20.76 TRY · fair‑value band 16.12 TRY – 36.38 TRY · the 12.47 TRY price screens below the 27.99 TRY fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi (BESLR) currently trades at 12.47 TRY, while our model-based Fair Value estimate is 27.99 TRY, implying the stock looks roughly 124.5% undervalued today. We read business quality at 32/100 (below-average quality), in the Consumer Defensive 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: medium), always confirm before acting.

Over the trailing twelve months, Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi generated revenue of 32.8B TRY at a net margin of 1.6%. Revenue grew 3.7% year over year. It earns a return on equity of 2.1%. Net debt stands at 6.6B TRY. Fundamentals as of Aug 5, 2026

Our scenario range runs from 16.12 TRY (bear case) to 36.38 TRY (bull case); at 12.47 TRY, the current price sits below that range. The share trades about 30% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 124%, BESLR 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 53.25 TRY 77.90 TRY 93.37 TRY 72
Growth-Adj P/E 19.59 TRY 27.99 TRY 36.38 TRY 68
P/E Multiple 11.88 TRY 15.84 TRY 19.81 TRY 63
All 15 models by family
DCF Models
Owner Earnings 14.71 TRY 29.40 TRY 59.09 TRY 31
Earnings-Based
Graham-Dodd 5.39 TRY 37.57 TRY 52.72 TRY 54
Lynch FV 16.12 TRY 23.03 TRY 29.94 TRY 50
PEG = 1.0 16.12 TRY 23.03 TRY 29.94 TRY 46
EPV 40.91 TRY 46.96 TRY 52.17 TRY 59
Multiples
P/E Multiple 11.88 TRY 15.84 TRY 19.81 TRY 63
P/S Multiple 10.10 TRY 13.47 TRY 16.83 TRY 58
P/B Multiple 10.10 TRY 13.47 TRY 16.83 TRY 55
EV/EBIT 74.59 TRY 98.57 TRY 122.56 TRY 53
EV/EBITDA 65.65 TRY 86.65 TRY 107.66 TRY 54
EV/Revenue 51.14 TRY 71.92 TRY 92.71 TRY 43
Asset-Based
NCAV (Graham) 12.62 TRY 16.91 TRY 25.24 TRY 50
Economic Profit
Residual Income 18.06 TRY 17.45 TRY 14.56 TRY 61
ROIC Compounder 53.25 TRY 77.90 TRY 93.37 TRY 72
Growth Earnings
Growth-Adj P/E 19.59 TRY 27.99 TRY 36.38 TRY 68

Widest divergence: DCF Models (29.40 TRY) versus Multiples (15.84 TRY). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Revenue (TTM) 32.8B TRY
Revenue growth (YoY) +3.7%
Net margin 1.6%
Return on equity 2.1%
Free cash flow −1.8B TRY FY2025
P/E ratio 15.7
More key figures
Operating margin 8.4%
EPS (TTM) 0.7900 TRY
EPS growth (YoY) +1.0%
Net debt 6.6B TRY FY2025

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

Quality Score breakdown

Overall quality 32/100

Of which business quality 33 · Market factors (momentum, volatility) 33

Profitability 32
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 7
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

Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi produces and trades in frozen and canned products in Turkey. The company operates through Frozen and Canned, and Edible Oil segments.

Full company description

Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi produces and trades in frozen and canned products in Turkey. The company operates through Frozen and Canned, and Edible Oil segments. It offers bakery products, frozen vegetables and fruit, potatoes and croquettes, meat products, sweets, and canned; consumer margarine; oils for pastry, catering, and industrial products; and cooking fats and spread cheese. The company offers its products primarily under Superfresh brand and other brands. It also exports its products. The company was formerly known as Kerevitas Gida Sanayi ve Ticaret A.S. and changed its name to Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi in May 2025. The company was founded in 1970 and is based in Istanbul, Turkey. Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi operates as a subsidiary of Yildiz Holding A.S.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi reported revenue of 32.5B TRY in FY2025 versus 4.9B TRY in FY2021, a compound +60.8%/yr. Reported net income was 524M TRY in FY2025.

Growth Quality 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
32.5B TRY
Latest YoY
−0.7%
Avg. growth/yr (3Y)
+10.2%
Revenue +60.8%/yr
FY21 4.9B TRY
FY22 24.2B TRY
FY23 27.3B TRY
FY24 32.7B TRY
FY25 32.5B TRY
Net income
FY21 −39.9M TRY
FY22 1.3B TRY
FY23 843M TRY
FY24 2.0B TRY
FY25 524M TRY

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Cite: Fair Value Calculator (2026). "Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/BESLR

Peer Group

Packaged Foods · 672 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 32 · Bottom 25%
Fair Value upside +125% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets 6% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth 4% · Below median
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 15.7× · Cheaper than median
P/B 0.49× · Cheaper than 75% of peers
P/S (TTM) 0.25× · Cheaper than 75% of peers
EV/EBITDA 1.5× · 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 100 · sector 25
FUTURE 19 · sector 20
PAST 8 · sector 26
HEALTH 97 · sector 96
DIVIDEND 0 · sector 46

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi (BESLR) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of 27.99 TRY versus a price of 12.47 TRY, about +124% (undervalued).
What is the fair value of BESLR?
Our model-based fair value for Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi is 27.99 TRY (as of Aug 5, 2026), built from audited fundamentals. The current price is 12.47 TRY.
What is the quality score of BESLR?
Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi has a Quality Score of 32/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi (BESLR)?
Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi reported trailing-twelve-month revenue of about 32.8B TRY (latest available figure, as of Aug 5, 2026).
What is the net profit margin of BESLR?
The net profit margin of Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi is about 1.6%, meaning it keeps roughly 1.6% of revenue as net income. 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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