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DEVA Fair Value & Analysis

Healthcare · Market cap 13.6B TRY

D DEVA DEVA · IS
Price68.05 TRY
Fair Value94.17 TRY
Upside+38.4%
Quality42/100
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Mixed Growth
Loss-making · -4.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/10)
Narrow moat 11/100
Evidence: High Range 66.77 TRY – 121.57 TRY Share as image

Fair value as of: Aug 6, 2026

From 15 valuation models · updated today

Share price −3.9% over the past month.

Below-average quality, screening 38% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range (66.77 TRY to 121.57 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

102.39 TRY 21.27 TRY Fair Value 94.17 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 21.27 TRY – 102.39 TRY · fair‑value band 66.77 TRY – 121.57 TRY · the 68.05 TRY price screens below the 94.17 TRY fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

DEVA (DEVA) currently trades at 68.05 TRY, while our model-based Fair Value estimate is 94.17 TRY, implying the stock looks roughly 38.4% undervalued today. We read business quality at 42/100 (below-average quality), in the Healthcare 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, DEVA generated revenue of 19.7B TRY at a net margin of -4.7%. Revenue grew 7.9% year over year. It earns a return on equity of -3.6%. Net debt stands at 3.1B TRY. Fundamentals as of Aug 6, 2026

Our scenario range runs from 66.77 TRY (bear case) to 121.57 TRY (bull case); at 68.05 TRY, the current price sits within that range. The share trades about 17% below its 52-week high and 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at 38%, DEVA 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 2,237 TRY 4,355 TRY 7,825 TRY 80
Rev-Margin DCF 760.06 TRY 943.38 TRY 1,354 TRY 74
ROIC Compounder 90.17 TRY 90.82 TRY 91.29 TRY 72
All 15 models by family
DCF Models
FCF DCF 2,373 TRY 3,684 TRY 7,859 TRY 38
5Y Revenue Exit 715.49 TRY 830.22 TRY 1,042 TRY 39
5Y EBITDA Exit 1,249 TRY 1,909 TRY 3,193 TRY 41
10Y Revenue Exit 1,206 TRY 1,745 TRY 1,837 TRY 36
10Y EBITDA Exit 1,595 TRY 2,893 TRY 4,978 TRY 37
Earnings-Based
EPV 90.17 TRY 90.82 TRY 91.29 TRY 59
Dividend Discount
Gordon GGM 257.85 TRY 536.08 TRY 850.41 TRY 70
DDM Multi-Stage 257.85 TRY 452.05 TRY 562.60 TRY 61
Multiples
EV/EBIT 92.31 TRY 94.17 TRY 96.12 TRY 53
EV/EBITDA 796.72 TRY 1,033 TRY 1,270 TRY 54
EV/Revenue 90.45 TRY 92.03 TRY 93.70 TRY 43
Asset-Based
NCAV (Graham) 612.20 TRY 820.36 TRY 1,224 TRY 50
Growth DCF
Growth DCF 2,237 TRY 4,355 TRY 7,825 TRY 80
Rev-Margin DCF 760.06 TRY 943.38 TRY 1,354 TRY 74
Economic Profit
ROIC Compounder 90.17 TRY 90.82 TRY 91.29 TRY 72

Widest divergence: DCF Models (1,909 TRY) versus Earnings-Based (90.82 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 19.7B TRY
Revenue growth (YoY) +7.9%
Net margin -4.7%
Return on equity -3.6%
Free cash flow 2.9B TRY FY2025
Operating margin 4.7%
More key figures
EPS (TTM) -4.60 TRY
EPS growth (YoY) -57.3%
Net debt 3.1B TRY FY2025

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

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 50

Profitability 16
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 14
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 40
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

DEVA reported revenue of 19.2B TRY in FY2025 versus 2.3B TRY in FY2021, a compound +69.5%/yr. Reported net income was −807M TRY in FY2025.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
19.2B TRY
Latest YoY
−4.9%
Avg. growth/yr (3Y)
+62.6%
Avg. growth/yr (5Y)
+59.5%
Avg. growth/yr (20Y)
+24.8%
Revenue +69.5%/yr
FY21 2.3B TRY
FY22 4.5B TRY
FY23 16.4B TRY
FY24 20.2B TRY
FY25 19.2B TRY
Net income
FY21 1.2B TRY
FY22 1.4B TRY
FY23 4.9B TRY
FY24 90.9M TRY
FY25 −807M TRY

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

Peer Group

Drug Manufacturers - Specialty & Generic · 633 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 42 · Below median
Fair Value upside +38% · Top 25%
Return on assets -0% · Below median
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) 5% · Below median
Revenue growth 8% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.1× · 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 85 · sector 4
FUTURE 40 · sector 20
PAST 0 · sector 22
HEALTH 99 · sector 97
DIVIDEND 0 · sector 35

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

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Frequently asked questions

Is DEVA overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of 94.17 TRY versus a price of 68.05 TRY, about +38% (undervalued).
What is the fair value of DEVA?
Our model-based fair value for DEVA is 94.17 TRY (as of Aug 6, 2026), built from audited fundamentals. The current price is 68.05 TRY.
What is the quality score of DEVA?
DEVA has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of DEVA?
DEVA reported trailing-twelve-month revenue of about 19.7B TRY (latest available figure, as of Aug 6, 2026).
What is the net profit margin of DEVA?
The net profit margin of DEVA is about -4.7%, 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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