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DENGE Fair Value & Analysis

Industrials · Market cap 1.4B TRY

D DENGE DENGE · IS
Price2.31 TRY
Fair Value1.43 TRY
Upside-38.1%
Quality23/100
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Mixed Growth
Loss-making · -37.7% net margin
Low debt · negative free cash flow
Trails peers (2/9)
Narrow moat 1/100
Evidence: Low Range 0.9500 TRY – 1.43 TRY Share as image

Fair value as of: Aug 6, 2026

From 1 valuation models · updated today

Share price −7.6% over the past month.

Below-average quality, and screening another 38% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1.43 TRY). The favourable scenario is already priced in.
  • Weak quality (23/100) 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.
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Price vs Fair Value (5 years)

5.01 TRY 0.7438 TRY Fair Value 1.43 TRY May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range 0.7438 TRY – 5.01 TRY · fair‑value band 0.9500 TRY – 1.43 TRY · the 2.31 TRY price screens above the 1.43 TRY fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

DENGE (DENGE) currently trades at 2.31 TRY, while our model-based Fair Value estimate is 1.43 TRY, implying the stock looks roughly 38.1% overvalued today. We read business quality at 23/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, DENGE generated revenue of 552M TRY at a net margin of -37.7%. Revenue declined 25.5% year over year. It earns a return on equity of -22.2%. Net debt stands at 148M TRY. Fundamentals as of Aug 6, 2026

Our scenario range runs from 0.9500 TRY (bear case) to 1.43 TRY (bull case); at 2.31 TRY, the current price sits above that range. The share trades about 46% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at -38%, DENGE 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
NCAV (Graham) 1.15 TRY 1.54 TRY 2.30 TRY 50
All 1 models by family
Asset-Based
NCAV (Graham) 1.15 TRY 1.54 TRY 2.30 TRY 50

Key figures & financial health

Revenue (TTM) 552M TRY
Revenue growth (YoY) -25.5%
Net margin -37.7%
Return on equity -22.2%
Free cash flow −653M TRY FY2025
Operating margin -2.8%
More key figures
EPS (TTM) -0.3200 TRY
EPS growth (YoY) -73.0%
Net debt 148M TRY FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 23/100

Of which business quality 30 · Market factors (momentum, volatility) 32

Profitability 3
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 0
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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DENGE reported revenue of 603M TRY in FY2025 versus 137M TRY in FY2021, a compound +44.8%/yr. Reported net income was −447M TRY in FY2025.

Growth Quality 29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
603M TRY
Latest YoY
−14.0%
Avg. growth/yr (3Y)
+8.4%
Avg. growth/yr (5Y)
+46.1%
Avg. growth/yr (16Y)
+58.7%
Revenue +44.8%/yr
FY21 137M TRY
FY22 473M TRY
FY23 566M TRY
FY24 700M TRY
FY25 603M TRY
Net income
FY21 91.2M TRY
FY22 250M TRY
FY23 347M TRY
FY24 −445M TRY
FY25 −447M TRY

DENGE screens 38% overvalued. Compare with United Parcel Service, Inc →

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Cite: Fair Value Calculator (2026). "DENGE Fair Value". https://www.fairvalue-calculator.com/stock/DENGE

Peer Group

Integrated Freight & Logistics · 218 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 30 · Bottom 25%
Fair Value upside −38% · Bottom 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -38% · Bottom 25%
Operating margin (TTM) -3% · Bottom 25%
Revenue growth -26% · Bottom 25%
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/S (TTM) 0.05× · 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 0 · sector 42
FUTURE 0 · sector 8
PAST 0 · sector 26
HEALTH 97 · sector 94
DIVIDEND 0 · sector 55

VALUE 0: the price sits above our fair-value range.

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

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Frequently asked questions

Is DENGE overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of 1.43 TRY versus a price of 2.31 TRY, about −38% (overvalued).
What is the fair value of DENGE?
Our model-based fair value for DENGE is 1.43 TRY (as of Aug 6, 2026), built from audited fundamentals. The current price is 2.31 TRY.
What is the quality score of DENGE?
DENGE has a Quality Score of 23/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of DENGE?
DENGE reported trailing-twelve-month revenue of about 552M TRY (latest available figure, as of Aug 6, 2026).
What is the net profit margin of DENGE?
The net profit margin of DENGE is about -37.7%, 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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