EN DE

HEDEF Fair Value & Analysis

Financial Services · Market cap 802B TRY

H HEDEF HEDEF · IS
Price267.25 TRY
Fair Value320.98 TRY
Upside+20.1%
Quality65/100
Watch HEDEF for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Highly profitable · 66.0% net margin
generates free cash flow
Wide moat 100/100
Evidence: High Range 158.34 TRY – 647.68 TRY Share as image

Fair value as of: Aug 8, 2026

From 24 valuation models · updated today

Share price +46.2% over the past month.

A solid business, screening 20% undervalued on our models.

What matters now

  • The model range is unusually wide (158.34 TRY to 647.68 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (65/100) 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)

366.00 TRY 0.2235 TRY Fair Value 320.98 TRY Oct 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

57‑month range 0.2235 TRY – 366.00 TRY · fair‑value band 158.34 TRY – 647.68 TRY · the 267.25 TRY price screens below the 320.98 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

HEDEF (HEDEF) currently trades at 267.25 TRY, while our model-based Fair Value estimate is 320.98 TRY, implying the stock looks roughly 20.1% undervalued today. We read business quality at 65/100 (solid 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, HEDEF generated revenue of 2.6B TRY at a net margin of 66.0%. It earns a return on equity of 39.9%. Fundamentals as of Aug 8, 2026

Our scenario range runs from 158.34 TRY (bear case) to 647.68 TRY (bull case); at 267.25 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 33% below its 52-week high. For context, the median of 10 Financial Services peers we cover trades at -51% fair-value upside, at 20%, HEDEF 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 20.14 TRY 41.73 TRY 78.36 TRY 72
Growth-Adj P/E 396.92 TRY 566.75 TRY 736.82 TRY 68
Rev-Margin DCF 40.52 TRY 78.61 TRY 157.94 TRY 67
All 24 models by family
DCF Models
FCF DCF 21.35 TRY 34.21 TRY 76.91 TRY 38
Owner Earnings 210.59 TRY 493.48 TRY 1,114 TRY 31
5Y Revenue Exit 36.39 TRY 68.66 TRY 137.08 TRY 39
5Y EBITDA Exit 161.10 TRY 320.98 TRY 636.14 TRY 41
5Y P/E Exit 151.15 TRY 382.12 TRY 704.31 TRY 38
10Y Revenue Exit 31.30 TRY 82.73 TRY 119.85 TRY 36
10Y EBITDA Exit 126.16 TRY 357.37 TRY 785.59 TRY 37
10Y P/E Exit 118.88 TRY 336.02 TRY 711.11 TRY 35
Earnings-Based
Graham-Dodd 85.40 TRY 596.11 TRY 836.54 TRY 54
Lynch FV 307.88 TRY 439.86 TRY 571.84 TRY 50
PEG = 1.0 307.88 TRY 439.86 TRY 571.84 TRY 46
EPV 180.51 TRY 212.29 TRY 240.43 TRY 59
Multiples
P/E Multiple 188.51 TRY 251.35 TRY 314.19 TRY 63
P/S Multiple 39.79 TRY 53.13 TRY 66.23 TRY 58
P/B Multiple 104.81 TRY 139.75 TRY 174.68 TRY 55
EV/EBIT 277.31 TRY 369.75 TRY 462.18 TRY 53
EV/EBITDA 201.13 TRY 268.33 TRY 335.29 TRY 54
EV/Revenue 37.12 TRY 53.13 TRY 68.90 TRY 43
Asset-Based
NCAV (Graham) 23.29 TRY 31.30 TRY 46.58 TRY 50
Growth DCF
Growth DCF 20.14 TRY 41.73 TRY 78.36 TRY 72
Rev-Margin DCF 40.52 TRY 78.61 TRY 157.94 TRY 67
Economic Profit
Residual Income 92.92 TRY 127.13 TRY 936.01 TRY 61
ROIC Compounder 238.01 TRY 373.87 TRY 562.38 TRY 67
Growth Earnings
Growth-Adj P/E 396.92 TRY 566.75 TRY 736.82 TRY 68

Widest divergence: Growth Earnings (566.75 TRY) versus Asset-Based (31.30 TRY). Highest evidence: Growth DCF (72).

Key figures & financial health

Revenue (TTM) 2.6B TRY
Revenue growth (YoY) +316%
Net margin 66.0%
Return on equity 39.9%
Free cash flow 147M TRY FY2025
P/E ratio 453.0
More key figures
Operating margin 116%
EPS (TTM) 0.5900 TRY
EPS growth (YoY) +391%

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

Quality Score breakdown

Overall quality 65/100

Of which business quality 54 · Market factors (momentum, volatility) 74

Profitability 64
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 26
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 20
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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HEDEF reported revenue of 2.6B TRY in FY2025 versus 88.7M TRY in FY2021, a compound +133.2%/yr. Reported net income was 1.6B TRY in FY2025, compounding +115.6%/yr from FY2021.

Growth Quality 71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.6B TRY
Avg. growth/yr (3Y)
+17.9%
Avg. growth/yr (5Y)
+56.1%
Avg. growth/yr (6Y)
+80.6%
Revenue +133.2%/yr
FY21 88.7M TRY
FY22 1.6B TRY
FY23 1.1B TRY
FY24 190M TRY
FY25 2.6B TRY
Net income +115.6%/yr
FY21 71.9M TRY
FY22 1.3B TRY
FY23 −1.2B TRY
FY24 −1.7B TRY
FY25 1.6B TRY

Watch HEDEF: 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). "HEDEF Fair Value". https://www.fairvalue-calculator.com/stock/HEDEF

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%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%
HDFC Asset Management Company HDFCAMC ₹2,729 ₹301.41 -89%

Compare HEDEF 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 HEDEF overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 320.98 TRY versus a price of 267.25 TRY, about +20% (undervalued).
What is the fair value of HEDEF?
Our model-based fair value for HEDEF is 320.98 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 267.25 TRY.
What is the quality score of HEDEF?
HEDEF has a Quality Score of 65/100. 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 HEDEF?
HEDEF reported trailing-twelve-month revenue of about 2.6B TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of HEDEF?
The net profit margin of HEDEF is about 66.0%, meaning it keeps roughly 66.0% 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 HEDEF 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.