HRKET Fair Value & Analysis

Industrials · TR · Market cap 11.2B TRY

Below-average quality, and screening another 66% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (42.95 TRY). The favourable scenario is already priced in.
• Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• A fairly wide model range (21.40 TRY to 42.95 TRY) leaves room in how you read the outcome.

Price vs Fair Value (2 years)

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

26‑month range 52.55 TRY – 131.40 TRY · fair‑value band 21.40 TRY – 42.95 TRY · the 94.95 TRY price screens above the 32.18 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

Full chart & analysis →

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Analysis

HRKET (HRKET) currently trades at 94.95 TRY, while our model-based Fair Value estimate is 32.18 TRY, implying the stock looks roughly 66.1% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Industrials 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: low).

Over the trailing twelve months, HRKET generated revenue of 6.5B TRY at a net margin of -21.3%. Revenue grew 50.4% year over year. It earns a return on equity of -20.8%. Net debt stands at 1.3B TRY. Fundamentals as of Aug 8, 2026

Our scenario range runs from 21.40 TRY (bear case) to 42.95 TRY (bull case); at 94.95 TRY, the current price sits above 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 34% below its 52-week high and 63% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -66%, HRKET 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.

Widest divergence: Multiples (45.03 TRY) versus Earnings-Based (21.65 TRY). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Quality Score breakdown

About the company

Hareket Proje Tasimaciligi Ve Yuk Muhendisligi Anonim Sirketi provides heavy lifting and transportation services with engineering solutions in Turkey, Europe, Asia, the Middle East, and Africa. It offers load out services, equipment rental, and trnkey solutions for renewable energy solutions, as well as rigging engineering and transport survey consultancy.

Full company description

Hareket Proje Tasimaciligi Ve Yuk Muhendisligi Anonim Sirketi provides heavy lifting and transportation services with engineering solutions in Turkey, Europe, Asia, the Middle East, and Africa. It offers load out services, equipment rental, and trnkey solutions for renewable energy solutions, as well as rigging engineering and transport survey consultancy. The company also provides project planning, route surveys, lift engineering, project management, and installation services. It serves petrochemical, construction, energy, shipyard, and power industries, as well as offshore projects. The company was founded in 1957 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HRKET reported revenue of 5.9B TRY in FY2025 versus 1.8B TRY in FY2021, a compound +35.7%/yr. Reported net income was −1.6B TRY in FY2025.

HRKET screens 66% overvalued. Compare with Larsen & Toubro Limited →

Peer Group

Engineering & Construction · 837 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.

Valuation Multiples vs Engineering & Construction median · lower = cheaper

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: 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.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.