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Beyaz Filo Oto Kiralama A.S., (BEYAZ) Fair Value & Analysis

Industrials · TR · Market cap 2.5B TRY

BF Beyaz Filo Oto Kiralama A.S., BEYAZ · IS
Price24.76 TRY
Fair Value27.88 TRY
Upside+12.6%
Quality39/100
Healthy Growth
Loss-making · -0.2% net margin
Low debt · generates free cash flow
Trails peers (3/10)
Narrow moat 14/100
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Evidence: High Range 20.91 TRY – 34.85 TRY Share as image

Fair value as of: Aug 5, 2026

From 25 valuation models · updated today

Share price −5.0% over the past month.

Below-average quality, screening 13% undervalued on our models.

What matters now

  • Our model range runs from 20.91 TRY (bear) to 34.85 TRY (bull), base 27.88 TRY. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 39/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

40.47 TRY 6.93 TRY Fair Value 27.88 TRY Apr 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 6.93 TRY – 40.47 TRY · fair‑value band 20.91 TRY – 34.85 TRY · the 24.76 TRY price screens below the 27.88 TRY fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Beyaz Filo Oto Kiralama A.S., (BEYAZ) currently trades at 24.76 TRY, while our model-based Fair Value estimate is 27.88 TRY, implying the stock looks roughly 12.6% undervalued today. We read business quality at 39/100 (below-average quality), in the Industrials 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, Beyaz Filo Oto Kiralama A.S., generated revenue of 19.7B TRY at a net margin of -0.2%. Revenue declined 9.7% year over year. It earns a return on equity of -3.7%. Net debt stands at 66.1M TRY. Fundamentals as of Aug 5, 2026

Our scenario range runs from 20.91 TRY (bear case) to 34.85 TRY (bull case); at 24.76 TRY, the current price sits within that range. The share trades about 43% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -21% fair-value upside, at 13%, BEYAZ 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
Growth DCF 51.62 TRY 86.72 TRY 143.26 TRY 80
Residual Income 11.51 TRY 12.72 TRY 20.33 TRY 76
Rev-Margin DCF 57.55 TRY 94.87 TRY 172.82 TRY 74
All 25 models by family
DCF Models
FCF DCF 54.14 TRY 76.46 TRY 146.07 TRY 38
5Y Revenue Exit 53.23 TRY 84.58 TRY 150.34 TRY 39
5Y EBITDA Exit 56.14 TRY 90.46 TRY 157.80 TRY 41
5Y P/E Exit 39.29 TRY 66.69 TRY 103.10 TRY 38
10Y Revenue Exit 52.54 TRY 103.85 TRY 137.68 TRY 36
10Y EBITDA Exit 56.18 TRY 109.97 TRY 203.92 TRY 37
10Y P/E Exit 44.17 TRY 74.53 TRY 122.32 TRY 35
Earnings-Based
Graham-Dodd 9.03 TRY 62.95 TRY 88.34 TRY 54
Lynch FV 32.52 TRY 46.46 TRY 60.40 TRY 50
PEG = 1.0 32.52 TRY 46.46 TRY 60.40 TRY 46
EPV 45.31 TRY 50.45 TRY 54.88 TRY 59
Dividend Discount
Gordon GGM 1.10 TRY 2.20 TRY 3.33 TRY 70
DDM Multi-Stage 1.10 TRY 1.90 TRY 2.32 TRY 61
Multiples
P/E Multiple 19.91 TRY 26.55 TRY 33.19 TRY 63
P/S Multiple 16.93 TRY 22.57 TRY 28.21 TRY 58
P/B Multiple 16.93 TRY 22.57 TRY 28.21 TRY 55
EV/EBIT 66.47 TRY 84.37 TRY 102.27 TRY 53
EV/EBITDA 55.49 TRY 69.73 TRY 83.97 TRY 54
EV/Revenue 48.96 TRY 64.48 TRY 79.99 TRY 43
Asset-Based
NCAV (Graham) 6.69 TRY 8.97 TRY 13.38 TRY 50
Growth DCF
Growth DCF 51.62 TRY 86.72 TRY 143.26 TRY 80
Rev-Margin DCF 57.55 TRY 94.87 TRY 172.82 TRY 74
Economic Profit
Residual Income 11.51 TRY 12.72 TRY 20.33 TRY 76
ROIC Compounder 46.18 TRY 52.67 TRY 58.95 TRY 72
Growth Earnings
Growth-Adj P/E 41.91 TRY 59.87 TRY 77.83 TRY 68

Widest divergence: Growth DCF (86.72 TRY) versus Dividend Discount (1.90 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 19.7B TRY
Revenue growth (YoY) -9.7%
Net margin -0.2%
Return on equity -3.7%
Free cash flow 259M TRY FY2025
Operating margin -0.6%
More key figures
EPS (TTM) -1,634 TRY
EPS growth (YoY) -90.3%
Net debt 66.1M TRY FY2019

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

Quality Score breakdown

Overall quality 39/100

Of which business quality 51 · Market factors (momentum, volatility) 28

Profitability 43
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 15
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

Beyaz Filo Oto Kiralama A.S., together with its subsidiaries, engages in the used car auctions, new vehicle fleet sales, retailing, and after-sales services in Turkey. The company serves fleet rental companies. Beyaz Filo Oto Kiralama A.S. was founded in 1993 and is headquartered in Ankara, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beyaz Filo Oto Kiralama A.S., reported revenue of 20.2B TRY in FY2025 versus 1.5B TRY in FY2021, a compound +92.5%/yr. Reported net income was 132M TRY in FY2025, compounding +36.6%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
20.2B TRY
Latest YoY
+1.9%
Avg. growth/yr (3Y)
+89.3%
Avg. growth/yr (5Y)
+73.1%
Avg. growth/yr (15Y)
+47.4%
Revenue +92.5%/yr
FY21 1.5B TRY
FY22 3.0B TRY
FY23 15.1B TRY
FY24 19.8B TRY
FY25 20.2B TRY
Net income +36.6%/yr
FY21 38.1M TRY
FY22 88.2M TRY
FY23 146M TRY
FY24 −49.5M TRY
FY25 132M TRY

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Cite: Fair Value Calculator (2026). "Beyaz Filo Oto Kiralama A.S., Fair Value". https://www.fairvalue-calculator.com/stock/BEYAZ

Peer Group

Rental & Leasing Services · 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 39 · Below median
Fair Value upside +13% · Below median
Return on assets 5% · Above median
Net margin (TTM) -0% · Below median
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -10% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Rental & Leasing Services median · lower = cheaper

P/FCF 0.2× · 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 50 · sector 53
FUTURE 0 · sector 18
PAST 0 · sector 26
HEALTH 100 · sector 69
DIVIDEND 0 · sector 32

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 Rental & Leasing Services stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
United Rentals, Inc URI $1,045 $449.86 -57%
Sunbelt Rentals Holdings SUNB $73.41 $65.76 -10%
AerCap Holdings AER $146.97 $301.51 +105%
U-Haul Holding UHAL $67.35 $7.21 -89%
Ryder System, Inc R $273.06 $111.57 -59%
Localiza Rent a Car S.A RENT3 R$40.35 R$37.01 -8%
Element Fleet Management Corp EFN C$29.83 C$15.06 -50%
BOC Aviation Limited 2588 HK$77.40 HK$18.61 -76%
GATX Corporation GATX $178.48 $140.90 -21%
Avis Budget Group CAR $156.35 $157.38 +1%

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Frequently asked questions

Is Beyaz Filo Oto Kiralama A.S., (BEYAZ) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of 27.88 TRY versus a price of 24.76 TRY, about +13% (undervalued).
What is the fair value of BEYAZ?
Our model-based fair value for Beyaz Filo Oto Kiralama A.S., is 27.88 TRY (as of Aug 5, 2026), built from audited fundamentals. The current price is 24.76 TRY.
What is the quality score of BEYAZ?
Beyaz Filo Oto Kiralama A.S., has a Quality Score of 39/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Beyaz Filo Oto Kiralama A.S., (BEYAZ)?
Beyaz Filo Oto Kiralama A.S., reported trailing-twelve-month revenue of about 19.7B TRY (latest available figure, as of Aug 5, 2026).
What is the net profit margin of BEYAZ?
The net profit margin of Beyaz Filo Oto Kiralama A.S., is about -0.2%, 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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