Hektas Ticaret TAS (HEKTS) fair value: what the stock is really worth
We calculate from audited financials what Hektas Ticaret TAS is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Hektas Ticaret T.A.S. manufactures, imports, and markets agricultural products, fertilizers and veterinary medicines in Turkey.
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Hektas Ticaret T.A.S. manufactures, imports, and markets agricultural products, fertilizers and veterinary medicines in Turkey. The company's crop protection products include fungicides, herbicides, insecticides, acaricides, fumigants and nemathists, harvesting aids and plant growth regulators, winter struggle medicines and summer oils, spreads-adhesives, biological products, and feromons. It also offers smart base, leaf, pure, and fertilizers; organominerals; drip irrigation; biological preparation; and other plant nutrition products. In addition, the company provides ruminant, poultry, and pet products, as well as environmental health and seeds products. Hektas Ticaret T.A.S. was incorporated in 1956 and is headquartered in Gebze, Turkey.
Stock analysis
Hektas Ticaret TAS (HEKTS) currently trades at 2.84 TRY, while our model-based Fair Value estimate is 3.08 TRY, implying the stock looks roughly 7.8% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 2.60 TRY per share, and 1 of the 7 models we run sit above the 2.84 TRY price.
Bear case: the Asset-Based group reads lowest at 1.11 TRY, and 6 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 2.12 TRY (bear) to 5.00 TRY (bull), the price of 2.84 TRY sits inside 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 29/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hektas Ticaret TAS reported revenue of 6.1B TRL in FY2025 versus 2.0B TRL in FY2021, a compound +32.0%/yr. Reported net income was −4.0B TRL in FY2025.
Key figures
Market cap 23.9B TRY (≈ $493M) · P/S ratio 4.40 · EPS (TTM) −0.4200 TRY · Net margin −66.0% · Return on equity −23.5% · Return on assets (EBIT) −0.7% · Operating margin −12.5% · Revenue (TTM) 5.6B TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 46% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 8%, HEKTS screens richer than that median.
Fair Value models
Bear 2.12 TRYFair Value 3.08 TRYBull 5.00 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.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.8%
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.
+5.4%
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.
+43.3%
Revenue growth 23 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.
−32.3%
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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.
23.9% (2020) → −49.8% (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
Little optimism in the price
The price assumes less 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).
+35.9%
Yearly growth needed for the next five years to justify today's price.
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.Agricultural Inputs · 176 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score27 · Bottom 25%
Profitability
Return on assets−6% · Bottom 25%
Net margin (TTM)−63% · Bottom 25%
Operating margin (TTM)−12% · Bottom 25%
Growth and dividend
Revenue growth−19% · Bottom 25%
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Agricultural Inputs median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Hektas Ticaret TAS Fair Value". https://www.fairvalue-calculator.com/stock/HEKTS
Frequently asked questions
Is Hektas Ticaret TAS (HEKTS) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 3.08 TRY versus a price of 2.84 TRY, about +8% upside (fairly valued).
What is the fair value of HEKTS?
Our model-based fair value for Hektas Ticaret TAS is 3.08 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 2.84 TRY.
What is the quality score of HEKTS?
Hektas Ticaret TAS has a Quality Score of 29/100. 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 Hektas Ticaret TAS (HEKTS)?
Our model-based price target is the fair value of 3.08 TRY (as of Sep 13, 2026) from 7 valuation models. Cautious scenario 2.12 TRY, optimistic scenario 5.00 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Hektas Ticaret TAS stock forecast for 2026?
Our models put fair value at 3.08 TRY, about +8% upside versus a price of 2.84 TRY (fairly valued). Cautious scenario 2.12 TRY, optimistic scenario 5.00 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Hektas Ticaret TAS (HEKTS)?
Hektas Ticaret TAS reported trailing-twelve-month revenue of about 5.6B TRY (latest available figure, as of Sep 13, 2026).
What growth is priced into Hektas Ticaret TAS (HEKTS)?
For today's price to be fair in a discounted-cash-flow model, Hektas Ticaret TAS would have to grow free cash flow by +35.9 % 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 +43.3 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of HEKTS use?
Our models discount Hektas Ticaret TAS at 15.7 %: a base by market capitalisation (small), 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 Hektas Ticaret TAS that is +35.9 % 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 Hektas Ticaret TAS (HEKTS) delivered so far?
Over the past 5 years revenue at Hektas Ticaret TAS grew +43.3 % a year. The price currently implies +35.9 % 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 Hektas Ticaret TAS (HEKTS) growing?
The median revenue growth in the sector is +3.2 % a year. That is the yardstick for the growth priced into Hektas Ticaret TAS (+35.9 % 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 Hektas Ticaret TAS (HEKTS)?
The free-cash-flow yield on the price is 3.56 %: that much free cash flow Hektas Ticaret TAS 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 Hektas Ticaret TAS (HEKTS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hektas Ticaret TAS it is 3.08 TRY per share (as of Sep 13, 2026), against a price of 2.84 TRY. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Hektas Ticaret TAS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, HEKTS trades below its calculated fair value: price 2.84 TRY, fair value 3.08 TRY, a gap of about +8% (fairly valued). 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 HEKTS?
No. The price is what the market pays today (2.84 TRY); the fair value is what the company's own numbers justify (3.08 TRY). For Hektas Ticaret TAS the two are 0.2390 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Hektas Ticaret TAS worth?
The market values Hektas Ticaret TAS at about 23.9B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 2.84 TRY; our models calculate a fair value of 3.08 TRY per share.
What do the bullish and bearish scenarios say about HEKTS?
Our models span a range for Hektas Ticaret TAS: cautious scenario 2.12 TRY, base 3.08 TRY, optimistic 5.00 TRY per share (as of Sep 13, 2026, price 2.84 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of HEKTS?
The PEG ratio of Hektas Ticaret TAS is 0.85 (P/E divided by earnings growth, as of Sep 13, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Hektas Ticaret TAS (HEKTS)?
Balance-sheet figures for Hektas Ticaret TAS (as of Sep 13, 2026): return on equity −23.5%, debt of 0.07 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is HEKTS from its 52-week high?
Hektas Ticaret TAS trades at 2.84 TRY, about 46% below its 52-week high of 5.27 TRY and 3% above the low of 2.76 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 3.08 TRY is for.
Which stocks are comparable to Hektas Ticaret TAS?
From the same area (Basic Materials) we also value Corteva, Inc, Nutrien Ltd, Qinghai Salt Lake Industry Co, CF Industries 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 Hektas Ticaret TAS stock attractive at the current price?
The data as of Sep 13, 2026: price 2.84 TRY, calculated fair value 3.08 TRY (+8%), Quality Score 29/100, from 7 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 HEKTS calculated?
We run Hektas Ticaret TAS through 7 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 3.08 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 15.8 % above its aggregate fair value. Hektas Ticaret TAS currently trades 8 % 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 should I pay attention to with Hektas Ticaret TAS right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (2.12 TRY to 5.00 TRY) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Hektas Ticaret TAS
How large is the market capitalisation of Hektas Ticaret TAS (HEKTS)?
The market capitalisation of Hektas Ticaret TAS is 23.9B TRY (≈ $493M). 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 Hektas Ticaret TAS (HEKTS)?
The price-to-sales ratio of Hektas Ticaret TAS is 4.40 (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 Hektas Ticaret TAS (HEKTS)?
Earnings per share at Hektas Ticaret TAS are −0.4200 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Hektas Ticaret TAS (HEKTS)?
The net margin of Hektas Ticaret TAS is −66.0% (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 Hektas Ticaret TAS (HEKTS)?
The return on equity (ROE) of Hektas Ticaret TAS is −23.5% (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 Hektas Ticaret TAS (HEKTS)?
On an EBIT basis the return on assets of Hektas Ticaret TAS is −0.7% (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 Hektas Ticaret TAS (HEKTS)?
The operating margin of Hektas Ticaret TAS is −12.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hektas Ticaret TAS (HEKTS)?
Revenue at Hektas Ticaret TAS is growing −18.7% versus a year earlier (3y avg +5.4%). 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 Hektas Ticaret TAS (HEKTS)?
Earnings per share at Hektas Ticaret TAS are growing −32.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hektas Ticaret TAS (HEKTS) carry?
The net debt of Hektas Ticaret TAS is 7.7B TRY (fiscal year 2025, ≈ 9.0 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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