Derluks Yatirim Holding AS (DERHL) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Derluks Yatirim Holding AS TRY 0.39, price TRY 1.64, upside -76.2%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 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 27, 2026.
How to read this chart
60‑month range 0.1775 TRY – 32.23 TRY · fair‑value band 0.2700 TRY – 0.5000 TRY · the 1.64 TRY price screens above the 0.3900 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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Derluks Yatirim Holding Anonim Sirketi, together with its subsidiaries, operates in the clothing, energy, and food sectors in Türkiye and internationally. The company primarily offers menswear products. It also engages in the production and sale of solar power, as well as distribution and sale of fast-moving consumer goods.
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Derluks Yatirim Holding Anonim Sirketi, together with its subsidiaries, operates in the clothing, energy, and food sectors in Türkiye and internationally. The company primarily offers menswear products. It also engages in the production and sale of solar power, as well as distribution and sale of fast-moving consumer goods. The company was formerly known as Derluks Deri Sanayi ve Ticaret Anonim Sirketi and changed its name to Derluks Yatirim Holding Anonim Sirketi in March 2021. The company was incorporated in 2002 and is headquartered in Istanbul, Türkiye.
Stock analysis
Derluks Yatirim Holding AS (DERHL) currently trades at 1.64 TRY, while our model-based Fair Value estimate is 0.3900 TRY, 76.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 1.17 TRY per share, and 5 of the 14 models we run sit above the 1.64 TRY price.
Bear case: the Multiples group reads lowest at 0.2100 TRY, and 9 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.2700 TRY (bear) to 0.5000 TRY (bull), the price of 1.64 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 30/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Derluks Yatirim Holding AS reported revenue of 4.3B TRY in FY2025 versus 309M TRY in FY2021, a compound +93.5%/yr. Reported net income was 9.2M TRY in FY2025, compounding −23.9%/yr from FY2021.
Key figures
Market cap 2.0B TRY (≈ $41.5M) · P/S ratio 0.48 · EPS (TTM) −0.0800 TRY · Net margin 0.2% · Return on equity −0.1% · Return on assets (EBIT) 7.8% · Operating margin 18.2% · Revenue (TTM) 4.2B TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 90% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −18% fair-value upside, at −76%, DERHL screens richer than that median.
Fair Value models
Bear 0.2700 TRYFair Value 0.3900 TRYBull 0.5000 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. 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.
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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.4%
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.
+90.1%
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.
+84.2%
Start year 2020 (pandemic)
Revenue growth 7 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.
+59.3%
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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.
−16.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.6%
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.3% → 14%
Compare Derluks Yatirim Holding AS with another stock
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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.Apparel Manufacturing · 214 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside−76.2% · Bottom 25%
Profitability
Return on assets8.7% · Top 25%
Net margin (TTM)−0.2% · Bottom 25%
Operating margin (TTM)18.2% · Top 25%
Growth and dividend
Revenue growth−11.7% · Bottom 25%
Balance sheet
Debt / equity0.11× · Above median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)0· sector 11
PAST (return on equity)0· sector 22
HEALTH (low debt)95· sector 98
DIVIDEND (yield)0· sector 64
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). "Derluks Yatirim Holding AS Fair Value". https://www.fairvalue-calculator.com/stock/DERHL
Frequently asked questions
Is Derluks Yatirim Holding AS (DERHL) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.3900 TRY versus a price of 1.64 TRY, about −76% upside (overvalued).
What is the fair value of DERHL?
Our model-based fair value for Derluks Yatirim Holding AS is 0.3900 TRY (as of Sep 27, 2026), built from audited fundamentals. The current price: 1.64 TRY.
What is the quality score of DERHL?
Derluks Yatirim Holding AS has a Quality Score of 30/100. 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 Derluks Yatirim Holding AS (DERHL)?
Our model-based price target is the fair value of 0.3900 TRY (as of Sep 27, 2026) from 14 valuation models. Cautious scenario 0.2700 TRY, optimistic scenario 0.5000 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Derluks Yatirim Holding AS stock forecast for 2026?
Our models put fair value at 0.3900 TRY, about −76% upside versus a price of 1.64 TRY (overvalued). Cautious scenario 0.2700 TRY, optimistic scenario 0.5000 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Derluks Yatirim Holding AS (DERHL)?
Derluks Yatirim Holding AS reported trailing-twelve-month revenue of about 4.2B TRY (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Derluks Yatirim Holding AS (DERHL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Derluks Yatirim Holding AS it is 0.3900 TRY per share (as of Sep 27, 2026), against a price of 1.64 TRY. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Derluks Yatirim Holding AS stock overvalued or undervalued in 2026?
As of Sep 27, 2026, DERHL trades above its calculated fair value: price 1.64 TRY, fair value 0.3900 TRY, a gap of about −76% (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 DERHL?
No. The price is what the market pays today (1.64 TRY); the fair value is what the company's own numbers justify (0.3900 TRY). For Derluks Yatirim Holding AS the two are 1.25 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Derluks Yatirim Holding AS worth?
The market values Derluks Yatirim Holding AS at about 2.0B TRY (market capitalisation, as of Sep 27, 2026). Per share that is 1.64 TRY; our models calculate a fair value of 0.3900 TRY per share.
What do the bullish and bearish scenarios say about DERHL?
Our models span a range for Derluks Yatirim Holding AS: cautious scenario 0.2700 TRY, base 0.3900 TRY, optimistic 0.5000 TRY per share (as of Sep 27, 2026, price 1.64 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Derluks Yatirim Holding AS (DERHL)?
Balance-sheet figures for Derluks Yatirim Holding AS (as of Sep 27, 2026): return on equity −0.1%, debt of 0.11 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is DERHL from its 52-week high?
Derluks Yatirim Holding AS trades at 1.64 TRY, about 90% below its 52-week high of 16.74 TRY and 6% above the low of 1.55 TRY (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 0.3900 TRY is for.
Which stocks are comparable to Derluks Yatirim Holding AS?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, LPP SA, Levi Strauss & Co, 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 Derluks Yatirim Holding AS stock attractive at the current price?
The data as of Sep 27, 2026: price 1.64 TRY, calculated fair value 0.3900 TRY (−76%), Quality Score 30/100, from 14 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 DERHL calculated?
We run Derluks Yatirim Holding AS through 14 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 0.3900 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 14.5 % above its aggregate fair value. Derluks Yatirim Holding 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 Derluks Yatirim Holding AS (DERHL)?
The closing price on Oct 2, 2026 was 1.64 TRY. Our model-based fair value is 0.3900 TRY, about −76% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Derluks Yatirim Holding AS right now?
The price sits above even our optimistic bull case (0.5000 TRY). The favourable scenario is already priced in. Weak quality (30/100) 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 (0.2700 TRY to 0.5000 TRY) leaves room in how you read the outcome.
Key figures of Derluks Yatirim Holding AS
How large is the market capitalisation of Derluks Yatirim Holding AS (DERHL)?
The market capitalisation of Derluks Yatirim Holding AS is 2.0B TRY (≈ $41.5M). 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 Derluks Yatirim Holding AS (DERHL)?
The price-to-sales ratio of Derluks Yatirim Holding AS is 0.48 (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 Derluks Yatirim Holding AS (DERHL)?
Earnings per share at Derluks Yatirim Holding AS are −0.0800 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Derluks Yatirim Holding AS (DERHL)?
The net margin of Derluks Yatirim Holding AS is 0.2% (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 Derluks Yatirim Holding AS (DERHL)?
The return on equity (ROE) of Derluks Yatirim Holding AS is −0.1% (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 Derluks Yatirim Holding AS (DERHL)?
On an EBIT basis the return on assets of Derluks Yatirim Holding AS is 7.8% (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 Derluks Yatirim Holding AS (DERHL)?
The operating margin of Derluks Yatirim Holding AS is 18.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Derluks Yatirim Holding AS (DERHL)?
Revenue at Derluks Yatirim Holding AS is growing −11.7% versus a year earlier (3y avg +90.1%). 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 Derluks Yatirim Holding AS (DERHL)?
Earnings per share at Derluks Yatirim Holding AS are growing −88.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Derluks Yatirim Holding AS (DERHL) generate?
The free cash flow of Derluks Yatirim Holding AS is −292M TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Derluks Yatirim Holding AS (DERHL) carry?
The net debt of Derluks Yatirim Holding AS is 1.7B TRY (fiscal year 2025). 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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