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Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. (EGEGY) Fair Value & Analysis

Real Estate · TR · Market cap 5.9B TRY

EA Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. EGEGY · IS
Price29.02 TRY
Fair Value62.78 TRY
Upside+116.3%
Quality49/100
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Expensive Growth
Highly profitable · 26.4% net margin
Low debt · negative free cash flow
1.03% dividend yield
Ranks above peers (10/13)
Wide moat 71/100
Evidence: High Range 46.85 TRY – 78.71 TRY Share as image

Fair value as of: Aug 7, 2026

From 15 valuation models · updated yesterday

Share price −3.3% over the past month.

Below-average quality, screening 116% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (46.85 TRY). The market is more pessimistic than our downside scenario.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (19 months)

34.57 TRY 14.74 TRY Fair Value 62.78 TRY Jan 2025 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

19‑month range 14.74 TRY – 34.57 TRY · fair‑value band 46.85 TRY – 78.71 TRY · the 29.02 TRY price screens below the 62.78 TRY fair value. Dashed = 300-day average. As of Aug 7, 2026.

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Analysis

Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. (EGEGY) currently trades at 29.02 TRY, while our model-based Fair Value estimate is 62.78 TRY, implying the stock looks roughly 116.3% undervalued today. We read business quality at 49/100 (below-average quality), in the Real Estate 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, Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. generated revenue of 4.5B TRY at a net margin of 26.4%. It earns a return on equity of 71.6%. Net debt stands at 187M TRY. The stock trades on a trailing P/E of 5.0. Fundamentals as of Aug 7, 2026

Our scenario range runs from 46.85 TRY (bear case) to 78.71 TRY (bull case); at 29.02 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 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 116%, EGEGY 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
ROIC Compounder 35.29 TRY 52.77 TRY 75.38 TRY 72
Growth-Adj P/E 128.15 TRY 183.08 TRY 238.00 TRY 68
P/E Multiple 60.89 TRY 81.19 TRY 101.48 TRY 63
All 15 models by family
DCF Models
Owner Earnings 60.85 TRY 133.88 TRY 281.54 TRY 31
Earnings-Based
Graham-Dodd 27.60 TRY 192.50 TRY 270.15 TRY 54
Lynch FV 99.45 TRY 142.08 TRY 184.70 TRY 50
PEG = 1.0 99.45 TRY 142.08 TRY 184.70 TRY 46
EPV 27.43 TRY 31.64 TRY 35.26 TRY 59
Multiples
P/E Multiple 60.89 TRY 81.19 TRY 101.48 TRY 63
P/S Multiple 22.63 TRY 30.17 TRY 37.71 TRY 58
P/B Multiple 19.30 TRY 25.74 TRY 32.17 TRY 55
EV/EBIT 50.85 TRY 67.53 TRY 84.21 TRY 53
EV/EBITDA 37.35 TRY 49.54 TRY 61.72 TRY 54
EV/Revenue 21.93 TRY 30.98 TRY 40.03 TRY 43
Asset-Based
NCAV (Graham) 4.29 TRY 5.75 TRY 8.58 TRY 50
Economic Profit
Residual Income 34.06 TRY 53.22 TRY 875.21 TRY 61
ROIC Compounder 35.29 TRY 52.77 TRY 75.38 TRY 72
Growth Earnings
Growth-Adj P/E 128.15 TRY 183.08 TRY 238.00 TRY 68

Widest divergence: Growth Earnings (183.08 TRY) versus Asset-Based (5.75 TRY). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Revenue (TTM) 4.5B TRY
Revenue growth (YoY) +1,660%
Net margin 26.4%
Return on equity 71.6%
Free cash flow −788M TRY FY2025
P/E ratio 5.0
More key figures
Operating margin 27.7%
EPS (TTM) 5.89 TRY
Dividend yield 1.0%
EPS growth (YoY) +224%
Net debt 187M TRY FY2024

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 48 · Market factors (momentum, volatility) 40

Profitability 61
Margins and returns on capital today
Quality Growth 87
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 29
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 53
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.

About the company

Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. operates as a real estate development company in Turkey. It develops housing, office, hotel, shopping mall, and educational institution projects. The company also engages in purchase and sale of plot of land. Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S.

Full company description

Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. operates as a real estate development company in Turkey. It develops housing, office, hotel, shopping mall, and educational institution projects. The company also engages in purchase and sale of plot of land. Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. was incorporated in 2015 and is based in Istanbul, Turkey.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. reported revenue of 2.4B TRY in FY2025 versus 1.1B TRY in FY2022, a compound +28.9%/yr. Reported net income was 812M TRY in FY2025, compounding +76.3%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.4B TRY
Latest YoY
+1,841.8%
Avg. growth/yr (3Y)
+28.9%
Revenue +28.9%/yr
FY22 1.1B TRY
FY23 306M TRY
FY24 124M TRY
FY25 2.4B TRY
Net income +76.3%/yr
FY22 148M TRY
FY23 −39.7M TRY
FY24 −352M TRY
FY25 812M TRY

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Cite: Fair Value Calculator (2026). "Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. Fair Value". https://www.fairvalue-calculator.com/stock/EGEGY

Peer Group

Real Estate - Development · 589 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 50 · Above median
Fair Value upside +116% · Top 25%
Return on equity (TTM) 72% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth 1660% · Top 25%
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 5.0× · Cheaper than 75% of peers
P/B 3.42× · Pricier than 75% of peers
P/S (TTM) 1.32× · Pricier than median
EV/EBITDA 4.2× · 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 48
FUTURE 100 · sector 0
PAST 100 · sector 10
HEALTH 100 · sector 85
DIVIDEND 21 · sector 38

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 7, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. (EGEGY) overvalued or undervalued?
As of Aug 7, 2026, our model estimates a fair value of 62.78 TRY versus a price of 29.02 TRY, about +116% (undervalued).
What is the fair value of EGEGY?
Our model-based fair value for Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. is 62.78 TRY (as of Aug 7, 2026), built from audited fundamentals. The current price is 29.02 TRY.
What is the quality score of EGEGY?
Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. has a Quality Score of 49/100. 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 Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. (EGEGY)?
Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. reported trailing-twelve-month revenue of about 4.5B TRY (latest available figure, as of Aug 7, 2026).
What is the net profit margin of EGEGY?
The net profit margin of Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. is about 26.4%, meaning it keeps roughly 26.4% of revenue as net income. Based on the latest reported figures.
Does Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. pay a dividend?
Egeyapi Avrupa Gayrimenkul Yatirim Ortakligi A.S. currently shows a dividend yield of about 1.03% relative to its recent price (as of Aug 7, 2026).

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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