Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS TRY 3.10, price TRY 12.20, upside -74.6%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 2.08 TRY – 16.37 TRY · fair‑value band 1.24 TRY – 3.10 TRY · the 12.20 TRY price screens above the 3.10 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm A.S. plans and organizes events and meetings under the Flap Tour brand name for the tourism industry. It organizes product launch meetings, education meetings, dealers' meetings, and corporate opening organizations.
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Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm A.S. plans and organizes events and meetings under the Flap Tour brand name for the tourism industry. It organizes product launch meetings, education meetings, dealers' meetings, and corporate opening organizations. The company is also involved in organizing press meetings and bulletins; and the preparation of the printed materials for presentations. In addition, it offers association management services, such as general management and secretariat, membership succeeding, course and seminar organizations, finance and budget management, and Web services; and IT and graphic design services, including logo and visual projects for congress and meetings, design and printing of printed materials, online abstract module software, electronic poster module software, congress registration and accommodation module software, and internal use web server and customizable software options. Further, the company provides ticketing services such as ticket staff IATA certified for all projects; hotel department including tracking the payments and contracts of the hotel projects; and governmental organizational, national medical congress, and international medical congress services. Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm A.S. was founded in 1993 and is headquartered in Ankara, Turkey.
Stock analysis
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP) currently trades at 12.20 TRY, while our model-based Fair Value estimate is 3.10 TRY, implying the stock looks roughly 293.5% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 8.46 TRY per share, and 0 of the 25 models we run sit above the 12.20 TRY price.
Bear case: the Economic Profit group reads lowest at 0.5100 TRY, and 25 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.24 TRY (bear) to 3.10 TRY (bull), the price of 12.20 TRY sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS reported revenue of 358M TRY in FY2025 versus 45.9M TRY in FY2021, a compound +67.1%/yr. Reported net income was 17.1M TRY in FY2025, compounding −13.0%/yr from FY2021.
Key figures
Market cap 1.1B TRY (≈ $23.4M) · P/S ratio 2.60 · EPS (TTM) −0.4400 TRY · Dividend yield 0.7% · Net margin 4.8% · Return on equity −4.3% · Return on assets (EBIT) 0.9% · Operating margin −3.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 46% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at −75%, FLAP screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.5100 TRY to 8.64 TRY). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 1.24 TRYFair Value 3.10 TRYBull 3.10 TRY
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−23.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+44.3%
Revenue growth 16 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.0%
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What shareholders gained per year (last 5 years), in TRY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−1.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.5%
Dividend (yield on the price)0.7%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−137% → 1%
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
Compare Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS with another stock
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Peer Groupⓘ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.Travel Services · 85 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−72% · Bottom 25%
Profitability
Return on assets1% · Bottom 25%
Net margin (TTM)−11% · Bottom 25%
Operating margin (TTM)−4% · Bottom 25%
Growth and dividend
Revenue growth9% · Above median
Dividend yield (TTM)0.7% · Below median
Valuation Multiplesvs Travel Services median · lower = cheaper
P/S (TTM)0.05× · Cheapest 25%
P/FCF6.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 49
FUTURE (revenue growth)46· sector 24
PAST (return on equity)0· sector 28
HEALTH (low debt)100· sector 95
DIVIDEND (yield)14· sector 35
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS Fair Value". https://www.fairvalue-calculator.com/stock/FLAP
Frequently asked questions
Is Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 3.10 TRY versus a price of 12.20 TRY, about −75% upside (overvalued).
What is the fair value of FLAP?
Our model-based fair value for Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS is 3.10 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 12.20 TRY.
What is the quality score of FLAP?
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
Our model-based price target is the fair value of 3.10 TRY (as of Sep 13, 2026) from 25 valuation models. Cautious scenario 1.24 TRY, optimistic scenario 3.10 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS stock forecast for 2026?
Our models put fair value at 3.10 TRY, about −75% upside versus a price of 12.20 TRY (overvalued). Cautious scenario 1.24 TRY, optimistic scenario 3.10 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS reported trailing-twelve-month revenue of about 363M TRY (latest available figure, as of Sep 13, 2026).
Does Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS pay a dividend?
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS currently shows a dividend yield of about 0.72% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
For today's price to be fair in a discounted-cash-flow model, Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS would have to grow free cash flow by more than 80 % per year for five years (discount rate 15.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +97.7 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of FLAP use?
Our models discount Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS at 15.0 %: a base by market capitalisation (nano), damped by beta 1.25, country premium for Turkey. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS that is more than 80 % per year a year over ten years, using the same discount rate (15.0 %) and the same formula as our fair value.
How much growth has Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP) delivered so far?
Over the past 5 years revenue at Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS grew +97.7 % a year. The price currently implies more than 80 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
The free-cash-flow yield on the price is 0.26 %: that much free cash flow Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS produces per unit of market value. When it exceeds the discount rate of our models (15.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS it is 3.10 TRY per share (as of Sep 13, 2026), against a price of 12.20 TRY. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, FLAP trades above its calculated fair value: price 12.20 TRY, fair value 3.10 TRY, a gap of about −75% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FLAP?
No. The price is what the market pays today (12.20 TRY); the fair value is what the company's own numbers justify (3.10 TRY). For Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS the two are 9.10 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS worth?
The market values Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS at about 1.1B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 12.20 TRY; our models calculate a fair value of 3.10 TRY per share.
What do the bullish and bearish scenarios say about FLAP?
Our models span a range for Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS: cautious scenario 1.24 TRY, base 3.10 TRY, optimistic 3.10 TRY per share (as of Sep 13, 2026, price 12.20 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
Balance-sheet figures for Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (as of Sep 13, 2026): return on equity −4.3%. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is FLAP from its 52-week high?
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS trades at 12.20 TRY, about 27% below its 52-week high of 16.60 TRY and 46% above the low of 8.33 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 3.10 TRY is for.
Which stocks are comparable to Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS?
From the same area (Consumer Cyclical) we also value Booking Holdings, Airbnb, Inc, Royal Caribbean Cruises Ltd, Viking Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS stock attractive at the current price?
The data as of Sep 13, 2026: price 12.20 TRY, calculated fair value 3.10 TRY (−75%), Quality Score 42/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FLAP calculated?
We run Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 3.10 TRY, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.0 % above its aggregate fair value. Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
The closing price on Sep 22, 2026 was 12.20 TRY. Our model-based fair value is 3.10 TRY, about −75% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS right now?
The price sits above even our optimistic bull case (3.10 TRY). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (1.24 TRY to 3.10 TRY) leaves room in how you read the outcome.
Key figures of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS
How large is the market capitalisation of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
The market capitalisation of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS is 1.1B TRY (≈ $23.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
The price-to-sales ratio of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS is 2.60 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
Earnings per share at Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS are −0.4400 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
The dividend yield of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS is 0.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
The net margin of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS is 4.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
The return on equity (ROE) of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS is −4.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
On an EBIT basis the return on assets of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS is 0.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
The operating margin of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS is −3.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
Revenue at Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS is growing +9.1% versus a year earlier (3y avg +44.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP)?
Earnings per share at Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS are growing −0.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP) carry?
The net debt of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS is 11.2M TRY (fiscal year 2020, ≈ 3.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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