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ETYAT Fair Value & Analysis

Financial Services · TR · Market cap 823M TRY

E ETYAT ETYAT · IS
Price13.71 TRY
Fair Value14.31 TRY
Upside+4.4%
Quality47/100
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Weak Growth
Loss-making · -44.5% net margin
negative free cash flow
Trails peers (3/9)
Narrow moat 13/100
Evidence: Low Range 9.06 TRY – 17.65 TRY Share as image

Fair value as of: Aug 8, 2026

From 4 valuation models · updated yesterday

Share price −1.4% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (9.06 TRY to 17.65 TRY) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

14.05 TRY 0.8833 TRY Fair Value 14.31 TRY May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range 0.8833 TRY – 14.05 TRY · fair‑value band 9.06 TRY – 17.65 TRY · the 13.71 TRY price screens below the 14.31 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

ETYAT (ETYAT) currently trades at 13.71 TRY, while our model-based Fair Value estimate is 14.31 TRY, implying the stock looks roughly 4.4% fairly valued today. The Quality Score stands at 47/100 (below-average quality), in the Financial Services 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: low), always confirm before acting.

Over the trailing twelve months, ETYAT generated revenue of 53.6M TRY at a net margin of -44.5%. Revenue declined 39.0% year over year. It earns a return on equity of -33.5%. Fundamentals as of Aug 8, 2026

Our scenario range runs from 9.06 TRY (bear case) to 17.65 TRY (bull case); at 13.71 TRY, the current price sits within 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 6% below its 52-week high and 186% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 4%, ETYAT 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
Gordon GGM 3.90 TRY 6.99 TRY 9.59 TRY 70
DDM Multi-Stage 3.90 TRY 6.34 TRY 7.48 TRY 61
EV/EBITDA 11.38 TRY 14.31 TRY 17.24 TRY 54
All 4 models by family
Dividend Discount
Gordon GGM 3.90 TRY 6.99 TRY 9.59 TRY 70
DDM Multi-Stage 3.90 TRY 6.34 TRY 7.48 TRY 61
Multiples
EV/EBITDA 11.38 TRY 14.31 TRY 17.24 TRY 54
Asset-Based
NCAV (Graham) 9.11 TRY 12.20 TRY 18.21 TRY 50

Widest divergence: Multiples (14.31 TRY) versus Dividend Discount (6.34 TRY). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) 53.6M TRY
Revenue growth (YoY) -39.0%
Net margin -44.5%
Return on equity -33.5%
Free cash flow −13.1M TRY FY2025
Operating margin 11.2%
More key figures
EPS (TTM) -0.3500 TRY
EPS growth (YoY) -63.6%

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 36 · Market factors (momentum, volatility) 84

Profitability 21
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 96
Distance to the 52-week high (market factor)
Net Issuance 40
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

Euro Trend Yatirim Ortakligi A.S. manages the portfolio of capital market instruments. It monitors the development related to securities, financial markets, institutions, and partnerships for portfolio management. The company was incorporated in 2007 and is headquartered in Ankara, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ETYAT reported revenue of 63.2M TRY in FY2025 versus 184M TRY in FY2021, a compound −23.4%/yr. Reported net income was −20.8M TRY in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
63.2M TRY
Latest YoY
−19.2%
Avg. growth/yr (3Y)
−2.1%
Avg. growth/yr (5Y)
−10.0%
Avg. growth/yr (11Y)
−10.3%
Revenue −23.4%/yr
FY21 184M TRY
FY22 67.4M TRY
FY23 59.4M TRY
FY24 78.3M TRY
FY25 63.2M TRY
Net income
FY21 3.2M TRY
FY22 5.6M TRY
FY23 −26.7M TRY
FY24 −13.1M TRY
FY25 −20.8M TRY

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

Peer Group

Asset Management · 973 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 47 · Bottom 25%
Fair Value upside +4% · Above median
Return on assets -7% · Bottom 25%
Net margin (TTM) -44% · Bottom 25%
Operating margin (TTM) 11% · Below median
Revenue growth -39% · Bottom 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/B 0.26× · Cheaper than 75% of peers
P/S (TTM) 0.32× · 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 39 · sector 36
FUTURE 0 · sector 6
PAST 0 · sector 26
HEALTH 0 · sector 95
DIVIDEND 0 · sector 70

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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,036 $504.81 -51%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 394.40 kr 788.80 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is ETYAT overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 14.31 TRY versus a price of 13.71 TRY, about +4% (fairly valued).
What is the fair value of ETYAT?
Our model-based fair value for ETYAT is 14.31 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 13.71 TRY.
What is the quality score of ETYAT?
ETYAT has a Quality Score of 47/100. 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 ETYAT?
ETYAT reported trailing-twelve-month revenue of about 53.6M TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of ETYAT?
The net profit margin of ETYAT is about -44.5%, 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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