EN DE

Garanti Faktoring A.S. (GARFA) Fair Value & Analysis

Financial Services · TR · Market cap 10.5B TRY

GF Garanti Faktoring A.S. GARFA · IS
Price26.40 TRY
Fair Value52.80 TRY
Upside+100.0%
Quality46/100
Watch Garanti Faktoring A.S. for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Highly profitable · 63.5% net margin
Low debt · generates free cash flow
Ranks above peers (8/12)
Wide moat 90/100
Evidence: High Range 29.20 TRY – 128.94 TRY Share as image

Fair value as of: Aug 8, 2026

From 23 valuation models · updated yesterday

Share price −2.2% over the past month.

Below-average quality, screening 100% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (29.20 TRY). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (29.20 TRY to 128.94 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

41.20 TRY 1.60 TRY Fair Value 52.80 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 1.60 TRY – 41.20 TRY · fair‑value band 29.20 TRY – 128.94 TRY · the 26.40 TRY price screens below the 52.80 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Garanti Faktoring A.S. (GARFA) currently trades at 26.40 TRY, while our model-based Fair Value estimate is 52.80 TRY, implying the stock looks roughly 100.0% undervalued today. The Quality Score stands at 46/100 (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: high), always confirm before acting.

Over the trailing twelve months, Garanti Faktoring A.S. generated revenue of 4.1B TRY at a net margin of 63.5%. Revenue grew 39.8% year over year. It earns a return on equity of 48.2%. Net debt stands at 27.5B TRY. Fundamentals as of Aug 8, 2026

Our scenario range runs from 29.20 TRY (bear case) to 128.94 TRY (bull case); at 26.40 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 30% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at 100%, GARFA 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
Growth DCF 33.53 TRY 66.68 TRY 121.01 TRY 80
Rev-Margin DCF 10.68 TRY 13.86 TRY 20.88 TRY 74
ROIC Compounder 0.0627 TRY 0.0836 TRY 0.1254 TRY 72
All 23 models by family
DCF Models
FCF DCF 35.66 TRY 56.19 TRY 121.55 TRY 38
5Y Revenue Exit 9.95 TRY 12.02 TRY 15.87 TRY 39
5Y EBITDA Exit 10.20 TRY 12.50 TRY 16.78 TRY 41
5Y P/E Exit 136.56 TRY 339.35 TRY 621.58 TRY 38
10Y Revenue Exit 17.56 TRY 26.36 TRY 28.09 TRY 36
10Y EBITDA Exit 17.75 TRY 26.88 TRY 38.67 TRY 37
10Y P/E Exit 109.95 TRY 298.97 TRY 623.25 TRY 35
Earnings-Based
Graham-Dodd 76.17 TRY 531.18 TRY 745.43 TRY 54
Lynch FV 274.43 TRY 392.03 TRY 509.65 TRY 50
PEG = 1.0 274.43 TRY 392.03 TRY 509.65 TRY 46
EPV 0.0627 TRY 0.0836 TRY 0.1254 TRY 59
Multiples
P/E Multiple 168.02 TRY 224.01 TRY 280.03 TRY 63
P/S Multiple 39.59 TRY 52.80 TRY 65.99 TRY 58
P/B Multiple 62.75 TRY 83.67 TRY 104.58 TRY 55
EV/EBIT 0.4181 TRY 0.5853 TRY 0.7734 TRY 53
EV/EBITDA 0.5853 TRY 0.8152 TRY 1.05 TRY 54
EV/Revenue 0.2299 TRY 0.3971 TRY 0.5435 TRY 43
Asset-Based
NCAV (Graham) 13.94 TRY 18.69 TRY 27.88 TRY 50
Growth DCF
Growth DCF 33.53 TRY 66.68 TRY 121.01 TRY 80
Rev-Margin DCF 10.68 TRY 13.86 TRY 20.88 TRY 74
Economic Profit
Residual Income 90.91 TRY 134.91 TRY 1,762 TRY 61
ROIC Compounder 0.0627 TRY 0.0836 TRY 0.1254 TRY 72
Growth Earnings
Growth-Adj P/E 353.61 TRY 505.17 TRY 656.72 TRY 68

Widest divergence: Growth Earnings (505.17 TRY) versus Economic Profit (0.0836 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 4.1B TRY
Revenue growth (YoY) +39.8%
Net margin 63.5%
Return on equity 48.2%
Free cash flow 404M TRY FY2025
P/E ratio 4.4
More key figures
Operating margin 83.6%
EPS (TTM) 6.05 TRY
EPS growth (YoY) +39.8%
Net debt 27.5B TRY FY2025

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 37 · Market factors (momentum, volatility) 42

Profitability 50
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 1
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 30
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

Garanti Faktoring A.S. provides factoring services to industrial and commercial firms. The company offers financing, cash flow management, guarantee, and collection services in selling goods/services; and supplier financing services in buying goods/services. It serves SMEs, and corporations through supplier and dealer networks in Turkey.

Full company description

Garanti Faktoring A.S. provides factoring services to industrial and commercial firms. The company offers financing, cash flow management, guarantee, and collection services in selling goods/services; and supplier financing services in buying goods/services. It serves SMEs, and corporations through supplier and dealer networks in Turkey. The company was formerly known as Garanti Faktoring Hizmetleri A.S and changed its name to Garanti Faktoring A.S. in April 2014. Garanti Faktoring A.S. was incorporated in 1990 and is headquartered in Istanbul, Turkey. Garanti Faktoring A.S. is a subsidiary of Turkiye Garanti Bankasi A.S.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Garanti Faktoring A.S. reported revenue of 4.0B TRL in FY2025 versus 284M TRL in FY2021, a compound +93.9%/yr. Reported net income was 2.1B TRL in FY2025, compounding +100.5%/yr from FY2021.

Growth Quality 77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
4.0B TRY
Latest YoY
+56.7%
Avg. growth/yr (3Y)
+85.9%
Avg. growth/yr (5Y)
+80.1%
Avg. growth/yr (25Y)
−29.0%
Revenue +93.9%/yr
FY21 284M TRL
FY22 625M TRL
FY23 1.8B TRL
FY24 2.6B TRL
FY25 4.0B TRL
Net income +100.5%/yr
FY21 132M TRL
FY22 351M TRL
FY23 1.0B TRL
FY24 1.4B TRL
FY25 2.1B TRL

Watch GARFA: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Garanti Faktoring A.S. Fair Value". https://www.fairvalue-calculator.com/stock/GARFA

Peer Group

Credit Services · 335 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 · Below median
Fair Value upside +100% · Top 25%
Return on equity (TTM) 48% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 63% · Top 25%
Operating margin (TTM) 84% · Top 25%
Revenue growth 40% · Top 25%
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 4.4× · Cheaper than 75% of peers
P/B 1.98× · Pricier than median
P/S (TTM) 2.54× · Pricier than median
P/FCF 0.5× · Pricier 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 34
FUTURE 100 · sector 39
PAST 100 · sector 31
HEALTH 99 · sector 59
DIVIDEND 0 · sector 51

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

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

Compare Garanti Faktoring A.S. with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Garanti Faktoring A.S. (GARFA) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 52.80 TRY versus a price of 26.40 TRY, about +100% (undervalued).
What is the fair value of GARFA?
Our model-based fair value for Garanti Faktoring A.S. is 52.80 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 26.40 TRY.
What is the quality score of GARFA?
Garanti Faktoring A.S. has a Quality Score of 46/100. 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 Garanti Faktoring A.S. (GARFA)?
Garanti Faktoring A.S. reported trailing-twelve-month revenue of about 4.1B TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of GARFA?
The net profit margin of Garanti Faktoring A.S. is about 63.5%, meaning it keeps roughly 63.5% 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.

14 days Pro free · no card

Track Garanti Faktoring A.S. and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.