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Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS (BJKAS) Fair Value & Analysis

Communication Services · TR · Market cap 7.7B TRY

BF Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS BJKAS · IS
Price2.44 TRY
Fair Value4.68 TRY
Upside+92.0%
Quality28/100
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Mixed Growth
Loss over the last twelve months · -20.8% net margin · fiscal year 2024 13.9%
Negative equity (buybacks among others) · generates free cash flow
Trails peers (4/11)
Narrow moat 12/100
Evidence: High Range 3.27 TRY – 6.09 TRY Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 6 days ago

Share price +31.9% over the past month.

Below-average quality, screening 92% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (3.27 TRY). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (3.27 TRY to 6.09 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

14.81 TRY 0.5222 TRY Fair Value 4.68 TRY May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.5222 TRY – 14.81 TRY · fair‑value band 3.27 TRY – 6.09 TRY · the 2.44 TRY price screens below the 4.68 TRY fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS (BJKAS) currently trades at 2.44 TRY, while our model-based Fair Value estimate is 4.68 TRY, implying the stock looks roughly 92.0% undervalued today. The Quality Score stands at 28/100 (below-average quality), in the Communication Services 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, Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS generated revenue of 5.1B TRY at a net margin of -20.8%. Revenue declined 12.9% year over year. Net debt stands at 3.8B TRY. Fundamentals as of Aug 13, 2026

Our scenario range runs from 3.27 TRY (bear case) to 6.09 TRY (bull case); at 2.44 TRY, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 69% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -43% fair-value upside, at 92%, BJKAS 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 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. Evidence
Highest evidence
Growth DCF 8.32 TRY 15.47 TRY 29.47 TRY 80
Rev-Margin DCF 4.08 TRY 7.06 TRY 12.66 TRY 74
Growth-Adj P/E 3.85 TRY 5.51 TRY 7.16 TRY 68
All 14 models by family
DCF Models
FCF DCF 8.90 TRY 14.05 TRY 30.12 TRY 38
5Y Revenue Exit 3.85 TRY 6.14 TRY 10.85 TRY 39
5Y P/E Exit 3.88 TRY 7.70 TRY 12.61 TRY 38
10Y Revenue Exit 5.34 TRY 10.19 TRY 12.55 TRY 36
10Y P/E Exit 5.46 TRY 10.25 TRY 17.43 TRY 35
Earnings-Based
Graham-Dodd 1.00 TRY 7.00 TRY 9.83 TRY 54
Lynch FV 3.08 TRY 4.40 TRY 5.72 TRY 50
PEG = 1.0 3.08 TRY 4.40 TRY 5.72 TRY 46
Multiples
P/E Multiple 2.44 TRY 3.25 TRY 4.06 TRY 63
P/S Multiple 1.88 TRY 2.51 TRY 3.14 TRY 58
EV/Revenue 1.59 TRY 2.55 TRY 3.50 TRY 43
Growth DCF
Growth DCF 8.32 TRY 15.47 TRY 29.47 TRY 80
Rev-Margin DCF 4.08 TRY 7.06 TRY 12.66 TRY 74
Growth Earnings
Growth-Adj P/E 3.85 TRY 5.51 TRY 7.16 TRY 68

Widest divergence: DCF Models (10.19 TRY) versus Multiples (2.55 TRY). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 5.1B TRY
Revenue growth (YoY) -12.9%
Net margin -20.8%
Return on equity -402%
Free cash flow 2.6B TRY FY2024
Operating margin -136%
More key figures
EPS (TTM) -0.1000 TRY
EPS growth (YoY) -81.2%
Net debt 3.8B TRY FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 35 · Market factors (momentum, volatility) 68

Profitability 44
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 1
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 5
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

Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S. engages in the professional football business primarily in Turkey. It also invests in professional football teams; and establishes and operates football facilities. The company was incorporated in 1995 and is based in Istanbul, Turkey. Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S.

Full company description

Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S. engages in the professional football business primarily in Turkey. It also invests in professional football teams; and establishes and operates football facilities. The company was incorporated in 1995 and is based in Istanbul, Turkey. Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S. is a subsidiary of Besiktas Jimnastik Kulubü. Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S. operates as a subsidiary of Besiktas Jimnastik Kulubü.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS reported revenue of 4.6B TRL in FY2024 versus 498M TRL in FY2020, a compound +74.7%/yr. Reported net income was 645M TRL in FY2024.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
4.6B TRY
Latest YoY
+250.0%
Avg. growth/yr (3Y) 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.
+105.6%
Avg. growth/yr (5Y) 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.
+45.8%
Avg. growth/yr (21Y) 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.
−36.1%
Revenue +74.7%/yr
FY20 498M TRL
FY21 534M TRL
FY22 988M TRL
FY23 1.3B TRL
FY24 4.6B TRL
Net income
FY20 −478M TRL
FY21 −399M TRL
FY22 −717M TRL
FY23 −507M TRL
FY24 645M TRL

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Cite: Fair Value Calculator (2026). "Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS Fair Value". https://www.fairvalue-calculator.com/stock/BJKAS

Peer Group

Entertainment · 268 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 28 · Bottom 25%
Fair Value upside +92% · Top 25%
Return on assets -21% · Bottom 25%
Net margin (TTM) -21% · Bottom 25%
Operating margin (TTM) -136% · Bottom 25%
Revenue growth -13% · Below median

Valuation Multiples vs Entertainment median · lower = cheaper

P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
PEG 2.10× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 13
FUTURE0 · sector 8
PAST0 · sector 0
HEALTH100 · sector 98
DIVIDEND0 · sector 44

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Entertainment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.44 C$2.82 -56%
The Walt Disney Company DIS $103.18 $80.62 -22%
Warner Bros. Discovery, Inc WBD $27.65 $9.03 -67%
Live Nation Entertainment, Inc LYV $185.33 $59.97 -68%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 59.14 MXN +8%
PT MNC Digital Entertainment Tbk, MSIN 370.00 IDR 212.14 IDR -43%
Prime Focus Limited PFOCUS ₹268.00 ₹63.45 -76%
JYP Entertainment Corporation 035900 39,950 KRW 82,382 KRW +106%
SM Entertainment Co 041510 75,500 KRW 208,415 KRW +176%
PVR INOX Limited PVRINOX ₹1,176 ₹467.91 -60%

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Frequently asked questions

Is Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS (BJKAS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 4.68 TRY versus a price of 2.44 TRY, about +92% (undervalued).
What is the fair value of BJKAS?
Our model-based fair value for Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS is 4.68 TRY (as of Aug 13, 2026), built from audited fundamentals. The current price: 2.44 TRY.
What is the quality score of BJKAS?
Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS has a Quality Score of 28/100. 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 revenue of Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS (BJKAS)?
Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS reported trailing-twelve-month revenue of about 5.1B TRY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BJKAS?
The net profit margin of Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS is about -20.8%, 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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