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EUKYO Fair Value & Analysis

Financial Services · TR · Market cap 768M TRY

E EUKYO EUKYO · IS
Price12.80 TRY
Fair Value15.74 TRY
Upside+23.0%
Quality45/100
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Weak Growth
Loss-making · -39.5% net margin
negative free cash flow
Trails peers (3/9)
Narrow moat 3/100
Evidence: Medium Range 10.02 TRY – 19.55 TRY Share as image

Fair value as of: Aug 8, 2026

From 3 valuation models · updated yesterday

Share price +4.9% over the past month.

Below-average quality, screening 23% undervalued on our models.

What matters now

  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (10.02 TRY to 19.55 TRY) leaves room in how you read the outcome.
  • 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)

13.97 TRY 1.05 TRY Fair Value 15.74 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 1.05 TRY – 13.97 TRY · fair‑value band 10.02 TRY – 19.55 TRY · the 12.80 TRY price screens below the 15.74 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

EUKYO (EUKYO) currently trades at 12.80 TRY, while our model-based Fair Value estimate is 15.74 TRY, implying the stock looks roughly 23.0% undervalued today. The Quality Score stands at 45/100 (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: medium), always confirm before acting.

Over the trailing twelve months, EUKYO generated revenue of 60.7M TRY at a net margin of -39.5%. Revenue declined 18.8% year over year. It earns a return on equity of -29.4%. Fundamentals as of Aug 8, 2026

Our scenario range runs from 10.02 TRY (bear case) to 19.55 TRY (bull case); at 12.80 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 11% below its 52-week high and 220% 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 23%, EUKYO 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 8.71 TRY 15.74 TRY 21.43 TRY 70
DDM Multi-Stage 8.71 TRY 14.40 TRY 16.74 TRY 61
NCAV (Graham) 21.77 TRY 29.47 TRY 43.87 TRY 50
All 3 models by family
Dividend Discount
Gordon GGM 8.71 TRY 15.74 TRY 21.43 TRY 70
DDM Multi-Stage 8.71 TRY 14.40 TRY 16.74 TRY 61
Asset-Based
NCAV (Graham) 21.77 TRY 29.47 TRY 43.87 TRY 50

Widest divergence: Asset-Based (29.47 TRY) versus Dividend Discount (14.40 TRY). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) 60.7M TRY
Revenue growth (YoY) -18.8%
Net margin -39.5%
Return on equity -29.4%
Free cash flow −190K TRY FY2025
Operating margin -1.0%
More key figures
EPS (TTM) -0.3300 TRY
EPS growth (YoY) -98.3%

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 35 · Market factors (momentum, volatility) 83

Profitability 20
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 92
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 Kapital Yatirim Ortakligi Anonim Sirketi creates and manages partnership portfolios in Turkey. The company monitors developments in securities, financial markets, institutions, and partnerships, and distributes investment risk through portfolio diversification.

Full company description

Euro Kapital Yatirim Ortakligi Anonim Sirketi creates and manages partnership portfolios in Turkey. The company monitors developments in securities, financial markets, institutions, and partnerships, and distributes investment risk through portfolio diversification. It also offers portfolio management services and conducts research to protect and enhance the value of the portfolio. The company was founded in 2011 and is based in Ankara, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EUKYO reported revenue of 64.3M TRY in FY2025 versus 182M TRY in FY2021, a compound −22.9%/yr. Reported net income was −19.8M TRY in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
64.3M TRY
Latest YoY
−17.5%
Avg. growth/yr (3Y)
+0.5%
Avg. growth/yr (5Y)
−10.3%
Avg. growth/yr (14Y)
−4.8%
Revenue −22.9%/yr
FY21 182M TRY
FY22 63.4M TRY
FY23 61.0M TRY
FY24 77.9M TRY
FY25 64.3M TRY
Net income
FY21 3.6M TRY
FY22 6.1M TRY
FY23 −26.6M TRY
FY24 −14.5M TRY
FY25 −19.8M TRY

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

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 44 · Bottom 25%
Fair Value upside +23% · Above median
Return on assets -5% · Bottom 25%
Net margin (TTM) -40% · Bottom 25%
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -19% · Bottom 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/B 0.21× · Cheaper than 75% of peers
P/S (TTM) 0.27× · 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 64 · 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 EUKYO overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 15.74 TRY versus a price of 12.80 TRY, about +23% (undervalued).
What is the fair value of EUKYO?
Our model-based fair value for EUKYO is 15.74 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 12.80 TRY.
What is the quality score of EUKYO?
EUKYO has a Quality Score of 45/100. 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 EUKYO?
EUKYO reported trailing-twelve-month revenue of about 60.7M TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of EUKYO?
The net profit margin of EUKYO is about -39.5%, 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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