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Bizim Toptan Satis Magazalari A.S. (BIZIM) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 1.9B TRY

BT Bizim Toptan Satis Magazalari A.S. BIZIM · IS
Price23.54 TRY
Fair Value31.39 TRY
Upside+33.4%
Quality37/100
Mixed Growth
Loss-making · -1.7% net margin
Low debt · generates free cash flow
Trails peers (4/11)
Narrow moat 7/100
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Evidence: High Range 23.87 TRY – 38.91 TRY Share as image

Fair value as of: Aug 5, 2026

From 16 valuation models · updated today

Share price −7.8% over the past month.

Below-average quality, screening 33% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain.
  • Our model range runs from 23.87 TRY (bear) to 38.91 TRY (bull), base 31.39 TRY. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 37/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

54.90 TRY 10.56 TRY Fair Value 31.39 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 10.56 TRY – 54.90 TRY · fair‑value band 23.87 TRY – 38.91 TRY · the 23.54 TRY price screens below the 31.39 TRY fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Bizim Toptan Satis Magazalari A.S. (BIZIM) currently trades at 23.54 TRY, while our model-based Fair Value estimate is 31.39 TRY, implying the stock looks roughly 33.4% undervalued today. We read business quality at 37/100 (below-average quality), in the Consumer Cyclical 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, Bizim Toptan Satis Magazalari A.S. generated revenue of 37.5B TRY at a net margin of -1.7%. Revenue declined 16.6% year over year. Fundamentals as of Aug 5, 2026

Our scenario range runs from 23.87 TRY (bear case) to 38.91 TRY (bull case); at 23.54 TRY, the current price sits below that range. The share trades about 36% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 50% fair-value upside, at 33%, BIZIM screens richer 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 183.16 TRY 303.12 TRY 523.80 TRY 80
Rev-Margin DCF 78.06 TRY 113.04 TRY 181.63 TRY 74
ROIC Compounder 16.50 TRY 21.45 TRY 27.51 TRY 72
All 16 models by family
DCF Models
FCF DCF 195.43 TRY 284.69 TRY 551.44 TRY 38
Owner Earnings 111.09 TRY 228.84 TRY 447.33 TRY 31
5Y Revenue Exit 75.56 TRY 98.62 TRY 144.34 TRY 39
5Y EBITDA Exit 217.02 TRY 384.31 TRY 712.33 TRY 41
10Y Revenue Exit 115.84 TRY 181.49 TRY 201.96 TRY 36
10Y EBITDA Exit 210.81 TRY 459.28 TRY 890.27 TRY 37
Earnings-Based
EPV 14.05 TRY 15.79 TRY 17.23 TRY 59
Dividend Discount
Gordon GGM 6.64 TRY 11.97 TRY 16.47 TRY 70
DDM Multi-Stage 6.64 TRY 10.93 TRY 12.78 TRY 61
Multiples
EV/EBIT 25.20 TRY 33.16 TRY 41.12 TRY 53
EV/EBITDA 223.43 TRY 297.47 TRY 371.51 TRY 54
EV/Revenue 17.41 TRY 24.31 TRY 31.21 TRY 43
Asset-Based
NCAV (Graham) 2.07 TRY 2.78 TRY 4.15 TRY 50
Growth DCF
Growth DCF 183.16 TRY 303.12 TRY 523.80 TRY 80
Rev-Margin DCF 78.06 TRY 113.04 TRY 181.63 TRY 74
Economic Profit
ROIC Compounder 16.50 TRY 21.45 TRY 27.51 TRY 72

Widest divergence: DCF Models (228.84 TRY) versus Asset-Based (2.78 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 37.5B TRY
Revenue growth (YoY) -16.6%
Net margin -1.7%
Return on equity -155%
Free cash flow 1.1B TRY FY2025
Operating margin -1.2%
More key figures
EPS (TTM) -7.91 TRY
EPS growth (YoY) -99.4%

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

Quality Score breakdown

Overall quality 37/100

Of which business quality 44 · Market factors (momentum, volatility) 35

Profitability 41
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 40
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

Bizim Toptan Satis Magazalari A.S. engages in the wholesale and retail of fast-moving consumer goods in Turkey. The company sells food products, including dry food, milk and diary, snack and bakery, delicatessen and breakfast, meat and meat products, and fruit and vegetable; drink and non-alcoholic beverages; cigarette and tobacco; cleaning items; personal …

Full company description

Bizim Toptan Satis Magazalari A.S. engages in the wholesale and retail of fast-moving consumer goods in Turkey. The company sells food products, including dry food, milk and diary, snack and bakery, delicatessen and breakfast, meat and meat products, and fruit and vegetable; drink and non-alcoholic beverages; cigarette and tobacco; cleaning items; personal care and cosmetics; paper; household appliances; energy and lighting, stationery-office supplies; communication items; pet products; and private label products through various brands. It also operates 182 stores and an online platform. The company sells its products to wholesalers, merchants, specialized retailers, hotels, grocery stores, markets, supermarkets, restaurants, and cafes, as well as gas station markets, school canteens, SEC Market business partners, kiosks, catering businesses, corporate and individual customers, and commercial taxpayers. Bizim Toptan Satis Magazalari A.S. was incorporated in 2001 and is headquartered in Istanbul, Turkey. The company 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

Bizim Toptan Satis Magazalari A.S. reported revenue of 39.4B TRY in FY2025 versus 7.2B TRY in FY2021, a compound +53.1%/yr. Reported net income was −793M TRY in FY2025.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
39.4B TRY
Latest YoY
−21.2%
Avg. growth/yr (3Y)
+41.1%
Avg. growth/yr (5Y)
+49.0%
Avg. growth/yr (18Y)
+22.4%
Revenue +53.1%/yr
FY21 7.2B TRY
FY22 14.0B TRY
FY23 46.5B TRY
FY24 50.0B TRY
FY25 39.4B TRY
Net income
FY21 82.3M TRY
FY22 278M TRY
FY23 101M TRY
FY24 −2.2B TRY
FY25 −793M TRY

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Cite: Fair Value Calculator (2026). "Bizim Toptan Satis Magazalari A.S. Fair Value". https://www.fairvalue-calculator.com/stock/BIZIM

Peer Group

Department Stores · 132 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 37 · Bottom 25%
Fair Value upside +33% · Above median
Return on assets -0% · Bottom 25%
Net margin (TTM) -2% · Below median
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -17% · Bottom 25%
Debt / equity 0.35× · Higher than 75% of peers

Valuation Multiples vs Department Stores median · lower = cheaper

P/B 0.12× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
PEG 0.92× · Cheaper than median

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 78 · sector 23
FUTURE 0 · sector 1
PAST 0 · sector 14
HEALTH 83 · sector 96
DIVIDEND 0 · sector 37

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

Stock Price Fair Value vs Fair Value
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El Puerto de Liverpool, S.A. LIVEPOLC1 99.62 MXN 263.70 MXN +165%
99 Speed Mart Retail Holdings 5326 3.70 MYR 1.45 MYR -61%
Cencosud S.A CENCOSUD 2,040 CLP 2,516 CLP +23%
Yonghui Superstores Co 601933 ¥3.01 ¥1.62 -46%
SHINSEGAE Inc 004170 610,000 KRW 200,259 KRW -67%
Organización Soriana, S. A. B. de C. V., SORIANAB 30.04 MXN 59.59 MXN +98%
Lotte Shopping Co 023530 155,300 KRW 81,725 KRW -47%
Lojas Renner S.A LREN3 R$14.10 R$33.36 +137%
La Comer, S.A. LACOMERUBC 34.37 MXN 51.49 MXN +50%

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Frequently asked questions

Is Bizim Toptan Satis Magazalari A.S. (BIZIM) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of 31.39 TRY versus a price of 23.54 TRY, about +33% (undervalued).
What is the fair value of BIZIM?
Our model-based fair value for Bizim Toptan Satis Magazalari A.S. is 31.39 TRY (as of Aug 5, 2026), built from audited fundamentals. The current price is 23.54 TRY.
What is the quality score of BIZIM?
Bizim Toptan Satis Magazalari A.S. has a Quality Score of 37/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Bizim Toptan Satis Magazalari A.S. (BIZIM)?
Bizim Toptan Satis Magazalari A.S. reported trailing-twelve-month revenue of about 37.5B TRY (latest available figure, as of Aug 5, 2026).
What is the net profit margin of BIZIM?
The net profit margin of Bizim Toptan Satis Magazalari A.S. is about -1.7%, 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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