BIM Birlesik Magazalar AS (BIMAS) fair value: what the stock is really worth
As of Oct 12, 2026: fair value of BIM Birlesik Magazalar AS TRY 248, price TRY 397, upside -37.5%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range 26.51 TRY – 434.75 TRY · fair‑value band 178.98 TRY – 325.17 TRY · the 396.50 TRY price screens above the 247.71 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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BIM Birlesik Magazalar A.S., together with its subsidiaries, operates retail stores in Turkey, Morocco, and Egypt. It sells meat, milk and milk products, beverages, legumes and bakery items, snacks and sweets, fruits and vegetables, frozen food, cleaning supplies, cosmetics and papers, and oils, as well as special buys and private label products.
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BIM Birlesik Magazalar A.S., together with its subsidiaries, operates retail stores in Turkey, Morocco, and Egypt. It sells meat, milk and milk products, beverages, legumes and bakery items, snacks and sweets, fruits and vegetables, frozen food, cleaning supplies, cosmetics and papers, and oils, as well as special buys and private label products. The company was incorporated in 1995 and is headquartered in Istanbul, Turkey.
Stock analysis
BIM Birlesik Magazalar AS (BIMAS) currently trades at 396.50 TRY, while our model-based Fair Value estimate is 247.71 TRY, 37.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 719.34 TRY per share, and 14 of the 24 models we run sit above the 396.50 TRY price.
Bear case: the Asset-Based group reads lowest at 93.56 TRY, and 10 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 178.98 TRY (bear) to 325.17 TRY (bull), the price of 396.50 TRY sits above 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 51/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
BIM Birlesik Magazalar AS reported revenue of 721B TRY in FY2025 versus 70.5B TRY in FY2021, a compound +78.8%/yr. Reported net income was 18.6B TRY in FY2025, compounding +58.8%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 504B TRY (≈ $10.2B) · P/E ratio 19.2 · P/S ratio 0.50 · EPS (TTM) 20.63 TRY · Net margin 2.6% · Return on equity 15.6% · Return on assets (EBIT) 8.4% · Operating margin 2.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 9% below its 52-week high and 56% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −28% fair-value upside, at −38%, BIMAS screens richer than that median.
Fair Value models
Bear 178.98 TRYFair Value 247.71 TRYBull 325.17 TRY
Price 396.50 TRY · Upside -37.5%
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (16.16 TRY per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.
Highest evidence
EPV132.19 TRY153.74 TRY172.59 TRY74
Residual Income126.86 TRY146.79 TRY204.47 TRY74
FCF DCF380.67 TRY597.32 TRY1,287 TRY73
All 24 models by family
DCF Models
FCF DCF380.67 TRY597.32 TRY1,287 TRY73
Owner Earnings413.03 TRY936.21 TRY2,034 TRY68
5Y Revenue Exit217.38 TRY349.32 TRY623.42 TRY68
5Y EBITDA Exit382.79 TRY683.81 TRY1,274 TRY69
5Y P/E Exit293.23 TRY624.61 TRY1,072 TRY65
10Y Revenue Exit262.39 TRY514.99 TRY657.57 TRY64
10Y EBITDA Exit389.32 TRY871.18 TRY1,714 TRY62
10Y P/E Exit323.97 TRY678.32 TRY1,250 TRY58
Earnings-Based
Graham-Dodd106.85 TRY745.14 TRY1,046 TRY61
Lynch FV384.97 TRY549.95 TRY714.94 TRY59
PEG = 1.0384.97 TRY549.95 TRY714.94 TRY55
EPV132.19 TRY153.74 TRY172.59 TRY74
Multiples
P/E Multiple247.48 TRY329.97 TRY412.47 TRY63
P/S Multiple200.34 TRY267.12 TRY333.90 TRY58
P/B Multiple200.34 TRY267.12 TRY333.90 TRY55
EV/EBIT195.21 TRY259.31 TRY323.41 TRY66
EV/EBITDA368.99 TRY491.01 TRY613.03 TRY67
EV/Revenue140.16 TRY198.98 TRY257.80 TRY53
Asset-Based
NCAV (Graham)69.82 TRY93.56 TRY139.64 TRY54
Growth DCF
Growth DCF358.22 TRY708.13 TRY1,282 TRY72
Rev-Margin DCF238.21 TRY399.60 TRY739.27 TRY67
Economic Profit
Residual Income126.86 TRY146.79 TRY204.47 TRY74
ROIC Compounder132.19 TRY176.57 TRY231.89 TRY69
Growth Earnings
Growth-Adj P/E503.54 TRY719.34 TRY935.14 TRY65
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.0%
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.
+69.6%
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.
+67.0%
Start year 2020 (pandemic). Over 10 years: +45.1% a year
Revenue growth 21 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.
+34.4%
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What shareholders gained per year (last 5 years), in TRY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+48.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+48.6%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.7% → 3%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
+8.0%
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.
+21.7%
Yearly sales growth analysts expect, extended to five years.
The revenue jump in 2026 (+36.6%) comes with 100% more shares (acquisition or merger paid in stock). Per share it is about −31.7%. The comparison above is unreliable in such a year.
After inflation (Turkey: IMF forecast 19.3% a year to 2030, 28.5% from 2016 to 2025) that is about −9.4% a year for the price and +2.0% for the forecasts.
Compare BIM Birlesik Magazalar AS with another stock
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.Grocery Stores · 74 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score51 · Bottom 25%
Fair Value upside−37.5% · Bottom 25%
Profitability
Return on equity (TTM)15.6% · Above median
Return on assets3.9% · Below median
Net margin (TTM)3.4% · Above median
Operating margin (TTM)2.8% · Below median
Growth and dividend
Revenue growth9.6% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Grocery Stores median · lower = cheaper
P/E (TTM)19.2× · Pricier than median
P/B2.84× · Pricier than median
P/S (TTM)0.62× · Pricier than median
P/FCF24.0× · Priciest 25%
EV/EBITDA13.8× · Priciest 25%
PEG1.35× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 43
FUTURE (revenue growth)48· sector 13
PAST (return on equity)62· sector 51
HEALTH (low debt)100· sector 90
DIVIDEND (yield)0· sector 58
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "BIM Birlesik Magazalar AS Fair Value". https://www.fairvalue-calculator.com/stock/BIMAS
Frequently asked questions
Is BIM Birlesik Magazalar AS (BIMAS) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 247.71 TRY versus a price of 396.50 TRY, about −38% upside (overvalued).
What is the fair value of BIMAS?
Our model-based fair value for BIM Birlesik Magazalar AS is 247.71 TRY (as of Sep 27, 2026), built from audited fundamentals. The current price: 396.50 TRY.
What is the quality score of BIMAS?
BIM Birlesik Magazalar AS has a Quality Score of 51/100. 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 BIM Birlesik Magazalar AS (BIMAS)?
Our model-based price target is the fair value of 247.71 TRY (as of Sep 27, 2026) from 24 valuation models. Cautious scenario 178.98 TRY, optimistic scenario 325.17 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the BIM Birlesik Magazalar AS stock forecast for 2026?
Our models put fair value at 247.71 TRY, about −38% upside versus a price of 396.50 TRY (overvalued). Cautious scenario 178.98 TRY, optimistic scenario 325.17 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of BIM Birlesik Magazalar AS (BIMAS)?
BIM Birlesik Magazalar AS reported trailing-twelve-month revenue of about 761B TRY (latest available figure, as of Sep 27, 2026).
What growth is priced into BIM Birlesik Magazalar AS (BIMAS)?
For today's price to be fair in a discounted-cash-flow model, BIM Birlesik Magazalar AS would have to grow free cash flow by +8.0 % per year for five years (discount rate 13.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +67.0 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of BIMAS use?
Our models discount BIM Birlesik Magazalar AS at 13.7 %: a base by market capitalisation (large), 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 BIM Birlesik Magazalar AS that is +8.0 % per year a year over ten years, using the same discount rate (13.7 %) and the same formula as our fair value.
How much growth has BIM Birlesik Magazalar AS (BIMAS) delivered so far?
Over the past 5 years revenue at BIM Birlesik Magazalar AS grew +67.0 % a year. The price currently implies +8.0 % 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 BIM Birlesik Magazalar AS (BIMAS) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into BIM Birlesik Magazalar AS (+8.0 % 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 BIM Birlesik Magazalar AS (BIMAS)?
The free-cash-flow yield on the price is 8.35 %: that much free cash flow BIM Birlesik Magazalar AS produces per unit of market value. When it exceeds the discount rate of our models (13.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BIM Birlesik Magazalar AS (BIMAS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BIM Birlesik Magazalar AS it is 247.71 TRY per share (as of Sep 27, 2026), against a price of 396.50 TRY. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is BIM Birlesik Magazalar AS stock overvalued or undervalued in 2026?
As of Sep 27, 2026, BIMAS trades above its calculated fair value: price 396.50 TRY, fair value 247.71 TRY, a gap of about −38% (overvalued). 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 BIMAS?
No. The price is what the market pays today (396.50 TRY); the fair value is what the company's own numbers justify (247.71 TRY). For BIM Birlesik Magazalar AS the two are 148.79 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is BIM Birlesik Magazalar AS worth?
The market values BIM Birlesik Magazalar AS at about 504B TRY (market capitalisation, as of Sep 27, 2026). Per share that is 396.50 TRY; our models calculate a fair value of 247.71 TRY per share.
What do the bullish and bearish scenarios say about BIMAS?
Our models span a range for BIM Birlesik Magazalar AS: cautious scenario 178.98 TRY, base 247.71 TRY, optimistic 325.17 TRY per share (as of Sep 27, 2026, price 396.50 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BIMAS?
BIM Birlesik Magazalar AS trades at a price-to-earnings ratio of 19.2 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 247.71 TRY is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 25.5 (reported for FY2025: 12.6). Other multiples: PEG 1.4, P/B 2.8, P/S 0.6, EV/EBITDA 13.8.
What is the PEG ratio of BIMAS?
The PEG ratio of BIM Birlesik Magazalar AS is 1.35 (P/E divided by earnings growth, as of Sep 27, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of BIM Birlesik Magazalar AS (BIMAS)?
Balance-sheet figures for BIM Birlesik Magazalar AS (as of Sep 27, 2026): return on equity 15.6%. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is BIMAS from its 52-week high?
BIM Birlesik Magazalar AS trades at 396.50 TRY, about 9% below its 52-week high of 434.75 TRY and 56% above the low of 253.66 TRY (as of Oct 12, 2026). Distance from the high says nothing about value: that is what the fair value of 247.71 TRY is for.
Which stocks are comparable to BIM Birlesik Magazalar AS?
From the same area (Consumer Defensive) we also value Loblaw Companies Limited, The Kroger Co, Woolworths Group, Koninklijke Ahold Delhaize N.V, 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 BIM Birlesik Magazalar AS stock attractive at the current price?
The data as of Sep 27, 2026: price 396.50 TRY, calculated fair value 247.71 TRY (−38%), Quality Score 51/100, from 24 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 BIMAS calculated?
We run BIM Birlesik Magazalar AS through 24 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 247.71 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 14.8 % above its aggregate fair value. BIM Birlesik Magazalar AS itself currently trades above fair value. 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 is the share price of BIM Birlesik Magazalar AS (BIMAS)?
The closing price on Oct 12, 2026 was 396.50 TRY. Our model-based fair value is 247.71 TRY, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BIM Birlesik Magazalar AS right now?
The price sits above even our optimistic bull case (325.17 TRY). The favourable scenario is already priced in. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (178.98 TRY to 325.17 TRY) leaves room in how you read the outcome.
Key figures of BIM Birlesik Magazalar AS
How large is the market capitalisation of BIM Birlesik Magazalar AS (BIMAS)?
The market capitalisation of BIM Birlesik Magazalar AS is 504B TRY (≈ $10.2B). 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 BIM Birlesik Magazalar AS (BIMAS)?
The price-to-sales ratio of BIM Birlesik Magazalar AS is 0.50 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BIM Birlesik Magazalar AS (BIMAS)?
Earnings per share at BIM Birlesik Magazalar AS are 20.63 TRY (price ÷ EPS = P/E 19.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of BIM Birlesik Magazalar AS (BIMAS)?
The net margin of BIM Birlesik Magazalar AS is 2.6% (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 BIM Birlesik Magazalar AS (BIMAS)?
The return on equity (ROE) of BIM Birlesik Magazalar AS is 15.6% (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 BIM Birlesik Magazalar AS (BIMAS)?
On an EBIT basis the return on assets of BIM Birlesik Magazalar AS is 8.4% (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 BIM Birlesik Magazalar AS (BIMAS)?
The operating margin of BIM Birlesik Magazalar AS is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BIM Birlesik Magazalar AS (BIMAS)?
Revenue at BIM Birlesik Magazalar AS is growing +9.6% versus a year earlier (3y avg +69.6%). 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 BIM Birlesik Magazalar AS (BIMAS)?
Earnings per share at BIM Birlesik Magazalar AS are growing +131% versus a year earlier. How much earnings per share grew versus a year earlier.
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