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GRAINTURK Holding (GRTHO) Fair Value & Analysis

Consumer Defensive · TR · Market cap 30.1B TRY

GH GRAINTURK Holding GRTHO · IS
Price242.00 TRY
Fair Value145.45 TRY
Upside-39.9%
Quality51/100
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Healthy Growth
Highly profitable · 26.3% net margin
Low debt · generates free cash flow
0.37% dividend yield
Mixed vs. peers (7/14)
Wide moat 65/100
Evidence: High Range 106.97 TRY – 265.40 TRY Share as image

Fair value as of: Aug 8, 2026

From 26 valuation models · updated yesterday

Share price +3.0% over the past month.

A solid business, but screening 40% overvalued on our models.

What matters now

  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (106.97 TRY to 265.40 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

674.71 TRY 15.91 TRY Fair Value 145.45 TRY Apr 2023 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

39‑month range 15.91 TRY – 674.71 TRY · fair‑value band 106.97 TRY – 265.40 TRY · the 242.00 TRY price screens above the 145.45 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

Full chart & analysis →

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Analysis

GRAINTURK Holding (GRTHO) currently trades at 242.00 TRY, while our model-based Fair Value estimate is 145.45 TRY, implying the stock looks roughly 39.9% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, GRAINTURK Holding generated revenue of 6.8B TRY at a net margin of 26.3%. Revenue declined 21.1% year over year. It earns a return on equity of 22.6%. Net debt stands at 490M TRY. Fundamentals as of Aug 8, 2026

Our scenario range runs from 106.97 TRY (bear case) to 265.40 TRY (bull case); at 242.00 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 65% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at -40%, GRTHO screens richer 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 163.97 TRY 318.48 TRY 571.67 TRY 80
Residual Income 99.85 TRY 144.12 TRY 887.54 TRY 76
Rev-Margin DCF 100.87 TRY 161.44 TRY 289.26 TRY 74
All 26 models by family
DCF Models
FCF DCF 173.89 TRY 269.55 TRY 574.18 TRY 38
Owner Earnings 86.57 TRY 187.96 TRY 400.82 TRY 31
5Y Revenue Exit 92.77 TRY 141.81 TRY 243.34 TRY 39
5Y EBITDA Exit 99.72 TRY 155.87 TRY 265.42 TRY 41
5Y P/E Exit 215.55 TRY 487.91 TRY 861.66 TRY 38
10Y Revenue Exit 115.58 TRY 213.78 TRY 266.35 TRY 36
10Y EBITDA Exit 122.90 TRY 228.75 TRY 401.65 TRY 37
10Y P/E Exit 207.43 TRY 478.20 TRY 929.29 TRY 35
Earnings-Based
Graham-Dodd 97.73 TRY 681.55 TRY 956.45 TRY 54
Lynch FV 352.11 TRY 503.02 TRY 653.92 TRY 50
PEG = 1.0 352.11 TRY 503.02 TRY 653.92 TRY 46
EPV 47.98 TRY 54.79 TRY 60.76 TRY 59
Dividend Discount
Gordon GGM 1.04 TRY 2.17 TRY 3.44 TRY 70
DDM Multi-Stage 1.04 TRY 1.83 TRY 2.28 TRY 61
Multiples
P/E Multiple 215.58 TRY 287.44 TRY 359.30 TRY 63
P/S Multiple 109.09 TRY 145.45 TRY 181.81 TRY 58
P/B Multiple 162.30 TRY 216.40 TRY 270.50 TRY 55
EV/EBIT 80.46 TRY 104.92 TRY 129.38 TRY 53
EV/EBITDA 69.28 TRY 90.02 TRY 110.75 TRY 54
EV/Revenue 56.54 TRY 77.74 TRY 98.94 TRY 43
Asset-Based
NCAV (Graham) 36.07 TRY 48.33 TRY 72.13 TRY 50
Growth DCF
Growth DCF 163.97 TRY 318.48 TRY 571.67 TRY 80
Rev-Margin DCF 100.87 TRY 161.44 TRY 289.26 TRY 74
Economic Profit
Residual Income 99.85 TRY 144.12 TRY 887.54 TRY 76
ROIC Compounder 47.98 TRY 54.79 TRY 60.76 TRY 72
Growth Earnings
Growth-Adj P/E 453.72 TRY 648.17 TRY 842.62 TRY 68

Widest divergence: Growth Earnings (648.17 TRY) versus Dividend Discount (1.83 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 6.8B TRY
Revenue growth (YoY) -21.1%
Net margin 26.3%
Return on equity 22.6%
Free cash flow 1.2B TRY FY2025
P/E ratio 16.8
More key figures
Operating margin 11.0%
EPS (TTM) 14.31 TRY
Dividend yield 0.4%
EPS growth (YoY) -3.0%
Net debt 490M TRY FY2024

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

Quality Score breakdown

Overall quality 51/100

Of which business quality 63 · Market factors (momentum, volatility) 28

Profitability 66
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 4
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 82
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

GRAINTURK Holding A.S. operates in the field of agricultural commodity trade on national and international platforms. It is involved in the trading of wheat, corn, cotton, barely, sunflower seeds, soybeans, wheat bran, sunflower meals, soybean meals, cotton meals, sunflower oils, and soybean oils.

Full company description

GRAINTURK Holding A.S. operates in the field of agricultural commodity trade on national and international platforms. It is involved in the trading of wheat, corn, cotton, barely, sunflower seeds, soybeans, wheat bran, sunflower meals, soybean meals, cotton meals, sunflower oils, and soybean oils. The company was founded in 2014 and is based in Besiktas, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GRAINTURK Holding reported revenue of 7.3B TRY in FY2025 versus 360M TRY in FY2021, a compound +112.0%/yr. Reported net income was 1.8B TRY in FY2025, compounding +69.1%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
7.3B TRY
Latest YoY
+59.8%
Avg. growth/yr (3Y)
+79.1%
Avg. growth/yr (5Y)
+78.3%
Revenue +112.0%/yr
FY21 360M TRY
FY22 1.3B TRY
FY23 3.3B TRY
FY24 4.6B TRY
FY25 7.3B TRY
Net income +69.1%/yr
FY21 220M TRY
FY22 556M TRY
FY23 737M TRY
FY24 1.1B TRY
FY25 1.8B TRY

GRTHO screens 40% overvalued. Compare with Muyuan Foods Group →

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

Peer Group

Farm Products · 291 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 51 · Above median
Fair Value upside −40% · Below median
Return on equity (TTM) 23% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 11% · Above median
Revenue growth -21% · Bottom 25%
Dividend yield (TTM) 0.4% · Below median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 16.8× · Pricier than median
P/B 3.34× · Pricier than 75% of peers
P/S (TTM) 4.42× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than median
EV/EBITDA 35.7× · Pricier 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 0 · sector 25
FUTURE 0 · sector 21
PAST 90 · sector 17
HEALTH 99 · sector 94
DIVIDEND 7 · sector 39

VALUE 0: the price sits above our fair-value range.

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

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 -17%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%

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Frequently asked questions

Is GRAINTURK Holding (GRTHO) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 145.45 TRY versus a price of 242.00 TRY, about −40% (overvalued).
What is the fair value of GRTHO?
Our model-based fair value for GRAINTURK Holding is 145.45 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 242.00 TRY.
What is the quality score of GRTHO?
GRAINTURK Holding has a Quality Score of 51/100. 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 GRAINTURK Holding (GRTHO)?
GRAINTURK Holding reported trailing-twelve-month revenue of about 6.8B TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of GRTHO?
The net profit margin of GRAINTURK Holding is about 26.3%, meaning it keeps roughly 26.3% of revenue as net income. Based on the latest reported figures.
Does GRAINTURK Holding pay a dividend?
GRAINTURK Holding currently shows a dividend yield of about 0.37% relative to its recent price (as of Aug 8, 2026).

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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