CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA) fair value: what the stock is really worth
We calculate from audited financials what CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 32.20 TRY – 338.25 TRY · fair‑value band 93.02 TRY – 241.11 TRY · the 237.50 TRY price screens above the 161.40 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. engages in the retail business in Turkey. It operates hypermarkets, supermarkets, and franchises. The company was incorporated in 1991 and is based in Istanbul, Turkey. CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. operates as a subsidiary of Haci Ömer Sabanci Holding A.S.
Stock analysis
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA) currently trades at 237.50 TRY, while our model-based Fair Value estimate is 161.40 TRY, implying the stock looks roughly 47.1% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 219.16 TRY per share, and 4 of the 10 models we run sit above the 237.50 TRY price.
Bear case: the Asset-Based group reads lowest at 23.01 TRY, and 6 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 93.02 TRY (bear) to 241.11 TRY (bull), the price of 237.50 TRY sits inside 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 37/100 (below-average quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS reported revenue of 65.7B TRY in FY2024 versus 7.9B TRY in FY2020, a compound +69.8%/yr. Reported net income was −2.9B TRY in FY2024.
Key figures
Market cap 30.3B TRY (≈ $622M) · P/S ratio 0.27 · EPS (TTM) −29.08 TRY · Net margin −4.3% · Return on equity −2,266% · Return on assets (EBIT) 1.9% · Operating margin −5.7% · Revenue (TTM) 82.0B TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades near its 52-week high and 208% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −29% fair-value upside, at −32%, CRFSA screens richer than that median.
Fair Value models
Bear 93.02 TRYFair Value 161.40 TRYBull 241.11 TRY
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.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 ⓘ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.
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.54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.6%
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.
+91.4%
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.
+59.5%
Revenue growth 17 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.
+22.4%
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Profit margin (trend) ⓘ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.
2.3% (2019) → −1.5% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+35.7%
Yearly growth needed for the next five years to justify today's price.
Compare CarrefourSA Carrefour Sabanci Ticaret Merkezi 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 · 81 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−25% · Below median
Profitability
Return on assets−4% · Bottom 25%
Net margin (TTM)−8% · Bottom 25%
Operating margin (TTM)−6% · Bottom 25%
Growth and dividend
Revenue growth−8% · Bottom 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Grocery Stores median · lower = cheaper
P/B0.10× · Cheapest 25%
P/FCF0.5× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 40
FUTURE (revenue growth)0· sector 17
PAST (return on equity)0· sector 49
HEALTH (low debt)98· sector 92
DIVIDEND (yield)0· sector 55
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). "CarrefourSA Carrefour Sabanci Ticaret Merkezi AS Fair Value". https://www.fairvalue-calculator.com/stock/CRFSA
Frequently asked questions
Is CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 161.40 TRY versus a price of 237.50 TRY, about −32% upside (overvalued).
What is the fair value of CRFSA?
Our model-based fair value for CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is 161.40 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 237.50 TRY.
What is the quality score of CRFSA?
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS has a Quality Score of 37/100. 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 CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
Our model-based price target is the fair value of 161.40 TRY (as of Sep 13, 2026) from 10 valuation models. Cautious scenario 93.02 TRY, optimistic scenario 241.11 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the CarrefourSA Carrefour Sabanci Ticaret Merkezi AS stock forecast for 2026?
Our models put fair value at 161.40 TRY, about −32% upside versus a price of 237.50 TRY (overvalued). Cautious scenario 93.02 TRY, optimistic scenario 241.11 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS reported trailing-twelve-month revenue of about 82.0B TRY (latest available figure, as of Sep 13, 2026).
What growth is priced into CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
For today's price to be fair in a discounted-cash-flow model, CarrefourSA Carrefour Sabanci Ticaret Merkezi AS would have to grow free cash flow by +35.7 % per year for five years (discount rate 15.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +59.5 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of CRFSA use?
Our models discount CarrefourSA Carrefour Sabanci Ticaret Merkezi AS at 15.7 %: a base by market capitalisation (small), 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 CarrefourSA Carrefour Sabanci Ticaret Merkezi AS that is +35.7 % per year a year over ten years, using the same discount rate (15.7 %) and the same formula as our fair value.
How much growth has CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA) delivered so far?
Over the past 5 years revenue at CarrefourSA Carrefour Sabanci Ticaret Merkezi AS grew +59.5 % a year. The price currently implies +35.7 % 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 CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA) growing?
The median revenue growth in the sector is +3.0 % a year. That is the yardstick for the growth priced into CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (+35.7 % 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 CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The free-cash-flow yield on the price is 3.08 %: that much free cash flow CarrefourSA Carrefour Sabanci Ticaret Merkezi AS produces per unit of market value. When it exceeds the discount rate of our models (15.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CarrefourSA Carrefour Sabanci Ticaret Merkezi AS it is 161.40 TRY per share (as of Sep 13, 2026), against a price of 237.50 TRY. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is CarrefourSA Carrefour Sabanci Ticaret Merkezi AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, CRFSA trades above its calculated fair value: price 237.50 TRY, fair value 161.40 TRY, a gap of about −32% (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 CRFSA?
No. The price is what the market pays today (237.50 TRY); the fair value is what the company's own numbers justify (161.40 TRY). For CarrefourSA Carrefour Sabanci Ticaret Merkezi AS the two are 76.10 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is CarrefourSA Carrefour Sabanci Ticaret Merkezi AS worth?
The market values CarrefourSA Carrefour Sabanci Ticaret Merkezi AS at about 30.3B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 237.50 TRY; our models calculate a fair value of 161.40 TRY per share.
What do the bullish and bearish scenarios say about CRFSA?
Our models span a range for CarrefourSA Carrefour Sabanci Ticaret Merkezi AS: cautious scenario 93.02 TRY, base 161.40 TRY, optimistic 241.11 TRY per share (as of Sep 13, 2026, price 237.50 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
Balance-sheet figures for CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (as of Sep 13, 2026): debt of 0.05 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is CRFSA from its 52-week high?
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS trades at 237.50 TRY, about 18% below its 52-week high of 200.80 TRY and 208% above the low of 77.20 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 161.40 TRY is for.
Which stocks are comparable to CarrefourSA Carrefour Sabanci Ticaret Merkezi AS?
From the same area (Consumer Defensive) we also value Loblaw Companies Limited, Koninklijke Ahold Delhaize N.V, The Kroger Co, Woolworths Group, 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 CarrefourSA Carrefour Sabanci Ticaret Merkezi AS stock attractive at the current price?
The data as of Sep 13, 2026: price 237.50 TRY, calculated fair value 161.40 TRY (−32%), Quality Score 37/100, from 10 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 CRFSA calculated?
We run CarrefourSA Carrefour Sabanci Ticaret Merkezi AS through 10 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 161.40 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 16.0 % above its aggregate fair value. CarrefourSA Carrefour Sabanci Ticaret Merkezi 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 CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The closing price on Sep 18, 2026 was 237.50 TRY. Our model-based fair value is 161.40 TRY, about −32% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CarrefourSA Carrefour Sabanci Ticaret Merkezi AS right now?
Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (93.02 TRY to 241.11 TRY) leaves room in how you read the outcome.
Key figures of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS
How large is the market capitalisation of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The market capitalisation of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is 30.3B TRY (≈ $622M). 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 CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The price-to-sales ratio of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is 0.27 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
Earnings per share at CarrefourSA Carrefour Sabanci Ticaret Merkezi AS are −29.08 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The net margin of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is −4.3% (fiscal year 2024). 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 CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The return on equity (ROE) of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is −2,266% (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 CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
On an EBIT basis the return on assets of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is 1.9% (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 CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
The operating margin of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is −5.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
Revenue at CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is growing −7.6% versus a year earlier (3y avg +91.4%). 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 CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA)?
Earnings per share at CarrefourSA Carrefour Sabanci Ticaret Merkezi AS are growing +13.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA) carry?
The net debt of CarrefourSA Carrefour Sabanci Ticaret Merkezi AS is 3.8B TRY (fiscal year 2024, ≈ 4.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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