Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Gozde Girisim Sermayesi Yatirim Ortakligi AS TRY 31.58, price TRY 19.95, upside +58.3%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Gozde Girisim Sermayesi Yatirim Ortakligi A.S. is a private equity and venture capital firm specializing in investments in early venture, mid venture, late venture, pre-IPO opportunities and in equity private placements, consolidations and buildups, and growth capital financings.
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Gozde Girisim Sermayesi Yatirim Ortakligi A.S. is a private equity and venture capital firm specializing in investments in early venture, mid venture, late venture, pre-IPO opportunities and in equity private placements, consolidations and buildups, and growth capital financings. The firm targets to invest in non-food companies having financial and operational restructuring needs. It focuses its investment in finance, information and communication technology, retail, renewable energy, real estate, logistics, and agriculture. The firm typically holds controlling or significant minority interests in companies in Turkey. It seeks to act as lead equity investor in strategic minority equity investments. The firm seeks to hold its investment for five to seven years. Gozde Girisim Sermayesi Yatirim Ortakligi A.S. was founded in January 2010 and is headquartered in Istanbul, Turkey with an additional office in Istanbul, Turkey.
Stock analysis
Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE) currently trades at 19.95 TRY, while our model-based Fair Value estimate is 31.58 TRY, implying the stock looks roughly 36.8% undervalued today.
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Valuation
How firm this estimate is: it rests on 7 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: 23.68 TRY (bear) to 39.47 TRY (bull), the price of 19.95 TRY sits below 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 54/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Gozde Girisim Sermayesi Yatirim Ortakligi AS reported revenue of 464K TRY in FY2025 versus 1.7B TRY in FY2021, a compound −87.1%/yr. Reported net income was −6.4B TRY in FY2025.
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 31% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −25% fair-value upside, at 58%, GOZDE screens cheaper than that median.
Fair Value models
Bear 23.68 TRYFair Value 31.58 TRYBull 39.47 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.9/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−100.0%
Revenue growth 5 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.
−64.0%
Revenue growth 15 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.
+1.6%
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Profit margin (trend) ⓘ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.
−5.1% (2020) → −26,662.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
−26.0%
Yearly growth needed for the next five years to justify today's price.
Compare Gozde Girisim Sermayesi Yatirim Ortakligi AS with another stock
Price, fair value, quality and upside side by side.
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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.Asset Management · 655 stocks
Beats the industry median on 3/6 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+46% · Above median
Profitability
Return on assets−6% · Bottom 25%
Net margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth8% · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
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). "Gozde Girisim Sermayesi Yatirim Ortakligi AS Fair Value". https://www.fairvalue-calculator.com/stock/GOZDE
Frequently asked questions
Is Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 31.58 TRY versus a price of 19.95 TRY, about +58% upside (undervalued).
What is the fair value of GOZDE?
Our model-based fair value for Gozde Girisim Sermayesi Yatirim Ortakligi AS is 31.58 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 19.95 TRY.
What is the quality score of GOZDE?
Gozde Girisim Sermayesi Yatirim Ortakligi AS has a Quality Score of 54/100. 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 Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
Our model-based price target is the fair value of 31.58 TRY (as of Sep 13, 2026) from 2 valuation models. Cautious scenario 23.68 TRY, optimistic scenario 39.47 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Gozde Girisim Sermayesi Yatirim Ortakligi AS stock forecast for 2026?
Our models put fair value at 31.58 TRY, about +58% upside versus a price of 19.95 TRY (undervalued). Cautious scenario 23.68 TRY, optimistic scenario 39.47 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
Gozde Girisim Sermayesi Yatirim Ortakligi AS reported trailing-twelve-month revenue of about 500K TRY (latest available figure, as of Sep 13, 2026).
What growth is priced into Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
For today's price to be fair in a discounted-cash-flow model, Gozde Girisim Sermayesi Yatirim Ortakligi AS would have to grow free cash flow by -26.0 % per year for five years (discount rate 15.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -64.0 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of GOZDE use?
Our models discount Gozde Girisim Sermayesi Yatirim Ortakligi AS at 15.7 %: a base by market capitalisation (micro), damped by beta 0.13, 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 Gozde Girisim Sermayesi Yatirim Ortakligi AS that is -26.0 % per year a year over ten years, using the same discount rate (15.7 %) and the same formula as our fair value.
How much growth has Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE) delivered so far?
Over the past 5 years revenue at Gozde Girisim Sermayesi Yatirim Ortakligi AS grew -64.0 % a year. The price currently implies -26.0 % 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 Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE) growing?
The median revenue growth in the sector is +8.3 % a year. That is the yardstick for the growth priced into Gozde Girisim Sermayesi Yatirim Ortakligi AS (-26.0 % 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 Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
The free-cash-flow yield on the price is 48.62 %: that much free cash flow Gozde Girisim Sermayesi Yatirim Ortakligi AS produces per unit of market value. When it exceeds the discount rate of our models (15.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gozde Girisim Sermayesi Yatirim Ortakligi AS it is 31.58 TRY per share (as of Sep 13, 2026), against a price of 19.95 TRY. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Gozde Girisim Sermayesi Yatirim Ortakligi AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, GOZDE trades below its calculated fair value: price 19.95 TRY, fair value 31.58 TRY, a gap of about +58% (undervalued). 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 GOZDE?
No. The price is what the market pays today (19.95 TRY); the fair value is what the company's own numbers justify (31.58 TRY). For Gozde Girisim Sermayesi Yatirim Ortakligi AS the two are 11.63 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Gozde Girisim Sermayesi Yatirim Ortakligi AS worth?
The market values Gozde Girisim Sermayesi Yatirim Ortakligi AS at about 9.8B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 19.95 TRY; our models calculate a fair value of 31.58 TRY per share.
What do the bullish and bearish scenarios say about GOZDE?
Our models span a range for Gozde Girisim Sermayesi Yatirim Ortakligi AS: cautious scenario 23.68 TRY, base 31.58 TRY, optimistic 39.47 TRY per share (as of Sep 13, 2026, price 19.95 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
Balance-sheet figures for Gozde Girisim Sermayesi Yatirim Ortakligi AS (as of Sep 13, 2026): return on equity −22.1%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is GOZDE from its 52-week high?
Gozde Girisim Sermayesi Yatirim Ortakligi AS trades at 19.95 TRY, about 31% below its 52-week high of 28.72 TRY and 10% above the low of 18.10 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 31.58 TRY is for.
Which stocks are comparable to Gozde Girisim Sermayesi Yatirim Ortakligi AS?
From the same area (Financial Services) we also value Blackstone Inc, Investor AB, Brookfield Corporation, KKR & Co, 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 Gozde Girisim Sermayesi Yatirim Ortakligi AS stock attractive at the current price?
The data as of Sep 13, 2026: price 19.95 TRY, calculated fair value 31.58 TRY (+58%), Quality Score 54/100, from 2 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 GOZDE calculated?
We run Gozde Girisim Sermayesi Yatirim Ortakligi AS through 2 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 31.58 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 16.1 % above its aggregate fair value. Gozde Girisim Sermayesi Yatirim Ortakligi AS currently trades 58 % below its own fair value, and the market average says nothing about that. 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 Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
The closing price on Sep 22, 2026 was 19.95 TRY. Our model-based fair value is 31.58 TRY, about +58% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gozde Girisim Sermayesi Yatirim Ortakligi AS right now?
The price is below even our cautious bear case (23.68 TRY). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (54/100) 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.
Key figures of Gozde Girisim Sermayesi Yatirim Ortakligi AS
How large is the market capitalisation of Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
The market capitalisation of Gozde Girisim Sermayesi Yatirim Ortakligi AS is 9.8B TRY (≈ $202M). 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 are the earnings per share of Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
Earnings per share at Gozde Girisim Sermayesi Yatirim Ortakligi AS are −14.91 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
The return on equity (ROE) of Gozde Girisim Sermayesi Yatirim Ortakligi AS is −22.1% (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 Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
On an EBIT basis the return on assets of Gozde Girisim Sermayesi Yatirim Ortakligi AS is 0.1% (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 Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
The operating margin of Gozde Girisim Sermayesi Yatirim Ortakligi AS is −195,940% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
Revenue at Gozde Girisim Sermayesi Yatirim Ortakligi AS is growing +8.1% versus a year earlier (3y avg −0.1%). 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 Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE)?
Earnings per share at Gozde Girisim Sermayesi Yatirim Ortakligi AS are growing +181% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Gozde Girisim Sermayesi Yatirim Ortakligi AS (GOZDE) carry?
The net debt of Gozde Girisim Sermayesi Yatirim Ortakligi AS is 134M TRY (fiscal year 2021, ≈ 0.0 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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