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Dogus Otomotiv Servis ve Ticaret A.S., (DOAS) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 41.8B TRY

DO Dogus Otomotiv Servis ve Ticaret A.S., DOAS · IS
Price190.20 TRY
Fair Value314.11 TRY
Upside+65.2%
Quality40/100
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Expensive Growth
Thin margins · 1.2% net margin
Low debt · negative free cash flow
Ranks above peers (9/14)
Narrow moat 25/100
Evidence: High Range 235.58 TRY – 392.64 TRY Share as image

Fair value as of: Aug 7, 2026

From 17 valuation models · updated yesterday

Share price +3.3% over the past month.

Below-average quality, screening 65% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (235.58 TRY). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

273.04 TRY 11.02 TRY Fair Value 314.11 TRY May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.

How to read this chart

60‑month range 11.02 TRY – 273.04 TRY · fair‑value band 235.58 TRY – 392.64 TRY · the 190.20 TRY price screens below the 314.11 TRY fair value. Dashed = 300-day average. As of Aug 7, 2026.

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Analysis

Dogus Otomotiv Servis ve Ticaret A.S., (DOAS) currently trades at 190.20 TRY, while our model-based Fair Value estimate is 314.11 TRY, implying the stock looks roughly 65.2% undervalued today. We read business quality at 40/100 (below-average 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, Dogus Otomotiv Servis ve Ticaret A.S., generated revenue of 250B TRY at a net margin of 1.2%. Revenue declined 9.8% year over year. It earns a return on equity of 4.6%. Net debt stands at 24.0B TRY. Fundamentals as of Aug 7, 2026

Our scenario range runs from 235.58 TRY (bear case) to 392.64 TRY (bull case); at 190.20 TRY, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -14% fair-value upside, at 65%, DOAS 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
Residual Income 234.40 TRY 238.53 TRY 227.50 TRY 76
ROIC Compounder 230.09 TRY 271.69 TRY 313.26 TRY 72
Gordon GGM 297.80 TRY 619.20 TRY 982.29 TRY 70
All 17 models by family
DCF Models
Owner Earnings 112.37 TRY 280.61 TRY 633.77 TRY 31
Earnings-Based
Graham-Dodd 97.09 TRY 677.08 TRY 950.18 TRY 54
Lynch FV 349.80 TRY 499.72 TRY 649.63 TRY 50
PEG = 1.0 349.80 TRY 499.72 TRY 649.63 TRY 46
EPV 230.09 TRY 271.69 TRY 308.09 TRY 59
Dividend Discount
Gordon GGM 297.80 TRY 619.20 TRY 982.29 TRY 70
DDM Multi-Stage 297.80 TRY 522.12 TRY 649.87 TRY 61
Multiples
P/E Multiple 214.16 TRY 285.55 TRY 356.94 TRY 63
P/S Multiple 182.04 TRY 242.72 TRY 303.40 TRY 58
P/B Multiple 182.04 TRY 242.72 TRY 303.40 TRY 55
EV/EBIT 688.10 TRY 923.97 TRY 1,160 TRY 53
EV/EBITDA 640.40 TRY 860.36 TRY 1,080 TRY 54
EV/Revenue 457.48 TRY 661.90 TRY 866.32 TRY 43
Asset-Based
NCAV (Graham) 152.61 TRY 204.50 TRY 305.22 TRY 50
Economic Profit
Residual Income 234.40 TRY 238.53 TRY 227.50 TRY 76
ROIC Compounder 230.09 TRY 271.69 TRY 313.26 TRY 72
Growth Earnings
Growth-Adj P/E 450.74 TRY 643.92 TRY 837.10 TRY 68

Widest divergence: Growth Earnings (643.92 TRY) versus Asset-Based (204.50 TRY). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 250B TRY
Revenue growth (YoY) -9.8%
Net margin 1.2%
Return on equity 4.6%
Free cash flow −17.5B TRY FY2025
P/E ratio 14.1
More key figures
Operating margin 4.7%
EPS (TTM) 13.46 TRY
EPS growth (YoY) -24.0%
Net debt 24.0B TRY FY2025

Figures from reported company fundamentals · as of Aug 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 37 · Market factors (momentum, volatility) 53

Profitability 44
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 64
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.

About the company

Dogus Otomotiv Servis ve Ticaret A.S., together with its subsidiaries, engages in automotive and real estate businesses in Turkey. The company operates through Automotive and Real Estate segments.

Full company description

Dogus Otomotiv Servis ve Ticaret A.S., together with its subsidiaries, engages in automotive and real estate businesses in Turkey. The company operates through Automotive and Real Estate segments. The Automotive segments engages in the importing, marketing, and selling passenger and commercial vehicles, spare parts of Volkswagen Group brands VW, Audi, Seat, Cupra, Porsche, Bentley, Lamborghini, Meiller, Scania, Scania Power Solutions, Wielton semi-trailers, and Thermoking vehicle cooling systems; purchasing and selling used vehicles through dealers under the DOD brand; sales and service of Novamarine brand boats and speedboats, as well as after-sales services and spare parts field; and sales and service operations of Aerofoil brand e-foil products and Mate brand electric-assisted bicycles. The Real Estate segment operates a portfolio consisting of real estate-based assets and rights. It also offers installation and operation of charging units, charging stations, and charging network; and creates and manages a portfolio of real estate and real estate-based capital market instruments. The company was founded in 1994 and is headquartered in Istanbul, Turkey. Dogus Otomotiv Servis ve Ticaret A.S. operates as a subsidiary of Dogus Holding A.S.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dogus Otomotiv Servis ve Ticaret A.S., reported revenue of 256B TRY in FY2025 versus 24.3B TRY in FY2021, a compound +80.1%/yr. Reported net income was 3.1B TRY in FY2025, compounding +7.7%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
256B TRY
Latest YoY
+3.7%
Avg. growth/yr (3Y)
+76.2%
Avg. growth/yr (5Y)
+68.4%
Avg. growth/yr (22Y)
+26.5%
Revenue +80.1%/yr
FY21 24.3B TRY
FY22 46.8B TRY
FY23 149B TRY
FY24 247B TRY
FY25 256B TRY
Net income +7.7%/yr
FY21 2.3B TRY
FY22 7.8B TRY
FY23 19.6B TRY
FY24 9.9B TRY
FY25 3.1B TRY

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Cite: Fair Value Calculator (2026). "Dogus Otomotiv Servis ve Ticaret A.S., Fair Value". https://www.fairvalue-calculator.com/stock/DOAS

Peer Group

Auto & Truck Dealerships · 102 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 40 · Below median
Fair Value upside +65% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 5% · Top 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth -10% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.15× · Lower than median

Valuation Multiples vs Auto & Truck Dealerships median · lower = cheaper

P/E (TTM) 14.1× · Cheaper than median
P/B 0.62× · Cheaper than 75% of peers
P/S (TTM) 0.17× · Cheaper than median
EV/EBITDA 3.4× · Cheaper than 75% of peers
PEG 0.87× · Cheaper than median

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 22
FUTURE 0 · sector 9
PAST 19 · sector 20
HEALTH 93 · sector 89
DIVIDEND 0 · sector 49

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 Auto & Truck Dealerships stocks, each showing price versus our Fair Value estimate (as of Aug 7, 2026).

Stock Price Fair Value vs Fair Value
Carvana Co CVNA $70.38 $24.58 -65%
Penske Automotive Group PAG $202.66 $241.86 +19%
Hotai Motor Co 2207 476.50 TWD 576.75 TWD +21%
CarMax, Inc KMX $58.47 $29.62 -49%
Lithia Motors, Inc LAD $339.16 $610.95 +80%
AutoNation, Inc AN $205.72 $329.77 +60%
Rush Enterprises, Inc RUSHA $76.89 $66.27 -14%
Valvoline Inc VVV $38.64 $24.57 -36%
OPENLANE, Inc OPLN $39.46 $33.81 -14%
Eagers Automotive Limited APE A$20.83 A$17.66 -15%

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Frequently asked questions

Is Dogus Otomotiv Servis ve Ticaret A.S., (DOAS) overvalued or undervalued?
As of Aug 7, 2026, our model estimates a fair value of 314.11 TRY versus a price of 190.20 TRY, about +65% (undervalued).
What is the fair value of DOAS?
Our model-based fair value for Dogus Otomotiv Servis ve Ticaret A.S., is 314.11 TRY (as of Aug 7, 2026), built from audited fundamentals. The current price is 190.20 TRY.
What is the quality score of DOAS?
Dogus Otomotiv Servis ve Ticaret A.S., has a Quality Score of 40/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Dogus Otomotiv Servis ve Ticaret A.S., (DOAS)?
Dogus Otomotiv Servis ve Ticaret A.S., reported trailing-twelve-month revenue of about 250B TRY (latest available figure, as of Aug 7, 2026).
What is the net profit margin of DOAS?
The net profit margin of Dogus Otomotiv Servis ve Ticaret A.S., is about 1.2%, meaning it keeps roughly 1.2% 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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