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DERIM Fair Value & Analysis

Consumer Cyclical · Market cap 1.8B TRY

D DERIM DERIM · IS
Price33.80 TRY
Fair Value66.15 TRY
Upside+95.7%
Quality52/100
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Mixed Growth
Thin margins · 2.2% net margin
Low debt · generates free cash flow
Ranks above peers (9/13)
Moderate moat 52/100
Evidence: High Range 55.66 TRY – 72.64 TRY Share as image

Fair value as of: Aug 6, 2026

From 24 valuation models · updated today

Share price −10.7% over the past month.

A solid business, screening 96% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (55.66 TRY). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

59.00 TRY 3.76 TRY Fair Value 66.15 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 3.76 TRY – 59.00 TRY · fair‑value band 55.66 TRY – 72.64 TRY · the 33.80 TRY price screens below the 66.15 TRY fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

DERIM (DERIM) currently trades at 33.80 TRY, while our model-based Fair Value estimate is 66.15 TRY, implying the stock looks roughly 95.7% undervalued today. We read business quality at 52/100 (solid 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, DERIM generated revenue of 4.2B TRY at a net margin of 2.2%. Revenue declined 18.1% year over year. It earns a return on equity of 15.7%. The stock trades on a trailing P/E of 19.7. Fundamentals as of Aug 6, 2026

Our scenario range runs from 55.66 TRY (bear case) to 72.64 TRY (bull case); at 33.80 TRY, the current price sits below that range. The share trades about 27% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 0% fair-value upside, at 96%, DERIM 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 BearBaseBull Evidence
Highest evidence
Growth DCF 89.91 TRY 148.34 TRY 240.17 TRY 80
Rev-Margin DCF 101.78 TRY 175.64 TRY 330.01 TRY 74
ROIC Compounder 71.67 TRY 83.03 TRY 93.92 TRY 72
All 24 models by family
DCF Models
FCF DCF 95.32 TRY 134.69 TRY 252.36 TRY 38
Owner Earnings 31.81 TRY 55.54 TRY 99.56 TRY 31
5Y Revenue Exit 93.06 TRY 154.84 TRY 284.21 TRY 39
5Y EBITDA Exit 93.30 TRY 155.34 TRY 276.86 TRY 41
5Y P/E Exit 55.03 TRY 92.92 TRY 141.49 TRY 38
10Y Revenue Exit 91.37 TRY 188.57 TRY 250.54 TRY 36
10Y EBITDA Exit 94.40 TRY 189.05 TRY 351.35 TRY 37
10Y P/E Exit 68.88 TRY 113.89 TRY 181.02 TRY 35
Earnings-Based
Graham-Dodd 11.72 TRY 81.71 TRY 114.66 TRY 54
Lynch FV 41.86 TRY 59.80 TRY 77.74 TRY 50
PEG = 1.0 41.86 TRY 59.80 TRY 77.74 TRY 46
EPV 69.44 TRY 77.59 TRY 84.38 TRY 59
Multiples
P/E Multiple 25.84 TRY 34.46 TRY 43.07 TRY 63
P/S Multiple 21.97 TRY 29.29 TRY 36.61 TRY 58
P/B Multiple 21.97 TRY 29.29 TRY 36.61 TRY 55
EV/EBIT 121.73 TRY 159.07 TRY 196.42 TRY 53
EV/EBITDA 90.96 TRY 118.05 TRY 145.14 TRY 54
EV/Revenue 85.21 TRY 117.58 TRY 149.95 TRY 43
Asset-Based
NCAV (Graham) 5.82 TRY 7.80 TRY 11.65 TRY 50
Growth DCF
Growth DCF 89.91 TRY 148.34 TRY 240.17 TRY 80
Rev-Margin DCF 101.78 TRY 175.64 TRY 330.01 TRY 74
Economic Profit
Residual Income 10.89 TRY 13.31 TRY 28.97 TRY 61
ROIC Compounder 71.67 TRY 83.03 TRY 93.92 TRY 72
Growth Earnings
Growth-Adj P/E 54.02 TRY 77.18 TRY 100.33 TRY 68

Widest divergence: Growth DCF (148.34 TRY) versus Asset-Based (7.80 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 4.2B TRY
Revenue growth (YoY) -18.1%
Net margin 2.2%
Return on equity 15.7%
Free cash flow 340M TRY FY2025
P/E ratio 19.7
More key figures
Operating margin 8.5%
EPS (TTM) 1.72 TRY
EPS growth (YoY) +2.7%
Net debt 712K TRY FY2021

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 60 · Market factors (momentum, volatility) 37

Profitability 57
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 82
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

DERIM reported revenue of 4.5B TRY in FY2025 versus 377M TRY in FY2021, a compound +86.0%/yr. Reported net income was 93.0M TRY in FY2025, compounding +141.6%/yr from FY2021.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
4.5B TRY
Latest YoY
−5.7%
Avg. growth/yr (3Y)
+61.3%
Avg. growth/yr (5Y)
+78.4%
Avg. growth/yr (20Y)
+28.5%
Revenue +86.0%/yr
FY21 377M TRY
FY22 1.1B TRY
FY23 3.8B TRY
FY24 4.8B TRY
FY25 4.5B TRY
Net income +141.6%/yr
FY21 2.7M TRY
FY22 39.3M TRY
FY23 17.7M TRY
FY24 99.0M TRY
FY25 93.0M TRY

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

Peer Group

Footwear & Accessories · 93 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 52 · Above median
Fair Value upside +96% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) 9% · Above median
Revenue growth -18% · Bottom 25%

Valuation Multiples vs Footwear & Accessories median · lower = cheaper

P/E (TTM) 19.7× · Pricier than median
P/B 2.90× · Pricier than 75% of peers
P/S (TTM) 0.43× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 3.0× · 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 100 · sector 12
FUTURE 0 · sector 0
PAST 63 · sector 23
HEALTH 100 · sector 97
DIVIDEND 0 · sector 40

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 Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE $44.37 $35.63 -20%
adidas AG 1ADS €184.40 €81.86 -56%
Deckers Outdoor Corporation DECK $106.49 $125.16 +18%
On Holding ONON $38.20 $17.64 -54%
Zhejiang China Commodities City Group 600415 ¥11.59 ¥13.03 +12%
Birkenstock Holding BIRK $44.36 $44.14 -0%
Crocs, Inc CROX $138.91 $203.65 +47%
Huali Industrial Group 300979 ¥31.10 ¥54.71 +76%
PUMA SE PUM €29.31 €10.57 -64%
Steven Madden, Ltd SHOO $43.26 $11.69 -73%

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Frequently asked questions

Is DERIM overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of 66.15 TRY versus a price of 33.80 TRY, about +96% (undervalued).
What is the fair value of DERIM?
Our model-based fair value for DERIM is 66.15 TRY (as of Aug 6, 2026), built from audited fundamentals. The current price is 33.80 TRY.
What is the quality score of DERIM?
DERIM has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of DERIM?
DERIM reported trailing-twelve-month revenue of about 4.2B TRY (latest available figure, as of Aug 6, 2026).
What is the net profit margin of DERIM?
The net profit margin of DERIM is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. 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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