Hürriyet Gazetecilik ve Matbaacilik A.S. (HURGZ) Fair Value & Analysis
Communication Services · TR · Market cap 4.5B TRY
Fair value as of: Aug 8, 2026
From 3 valuation models · updated yesterday
Share price +22.0% over the past month.
Below-average quality, and screening another 90% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.9000 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.
Price vs Fair Value (5 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
60‑month range 1.28 TRY – 9.56 TRY · fair‑value band 0.6400 TRY – 0.9000 TRY · the 7.64 TRY price screens above the 0.7800 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.
Analysis
Hürriyet Gazetecilik ve Matbaacilik A.S. (HURGZ) currently trades at 7.64 TRY, while our model-based Fair Value estimate is 0.7800 TRY, implying the stock looks roughly 89.8% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Communication Services 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, Hürriyet Gazetecilik ve Matbaacilik A.S. generated revenue of 1.2B TRY at a net margin of -93.3%. Revenue declined 15.5% year over year. It earns a return on equity of -43.8%. Net debt stands at 196M TRY. Fundamentals as of Aug 8, 2026
Our scenario range runs from 0.6400 TRY (bear case) to 0.9000 TRY (bull case); at 7.64 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 23% below its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 15% fair-value upside, at -90%, HURGZ 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.
All 3 models by family
Widest divergence: Asset-Based (2.88 TRY) versus Dividend Discount (1.05 TRY). Highest evidence: Gordon GGM (70).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 32 · Market factors (momentum, volatility) 44
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
Hürriyet Gazetecilik ve Matbaacilik A.S. engages in journalism, printing, advertisement, advertising, and internet publishing activities primarily in Turkey and Europe. It publishes newspapers and other periodical or non-periodical publications in printed and electronic form.
Full company description
Hürriyet Gazetecilik ve Matbaacilik A.S. engages in journalism, printing, advertisement, advertising, and internet publishing activities primarily in Turkey and Europe. It publishes newspapers and other periodical or non-periodical publications in printed and electronic form. It is also involved in the production, sale, distribution, and promotion of programs and audiovisual materials, films and advertisements, and other works. The company was founded in 1948 and is headquartered in Istanbul, Turkey. Hürriyet Gazetecilik ve Matbaacilik A.S. is a subsidiary of Demirören Medya Yatirimlari Ticaret A.S.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hürriyet Gazetecilik ve Matbaacilik A.S. reported revenue of 1.2B TRL in FY2025 versus 351M TRL in FY2021, a compound +36.5%/yr. Reported net income was −829M TRL in FY2025.
HURGZ screens 90% overvalued. Compare with The New York Times Company →
Peer Group
Publishing · 110 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 Publishing 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.
Similar stocks
10 more Publishing stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| The New York Times Company NYT | $76.71 | $41.95 | -45% |
| Jiangsu Phoenix Publishing & Media Corporation 601928 | ¥9.16 | ¥11.50 | +26% |
| China Science Publishing & Media Ltd 601858 | ¥26.32 | ¥10.31 | -61% |
| China South Publishing & Media Group 601098 | ¥10.43 | ¥14.66 | +41% |
| People.cn CO., LTD 603000 | ¥14.71 | ¥4.23 | -71% |
| John Wiley & Sons, Inc WLY | $49.51 | $57.01 | +15% |
| Zhejiang Publishing & Media Co 601921 | ¥7.15 | ¥7.54 | +5% |
| Xinhua Winshare Publishing and Media Co 601811 | ¥11.87 | ¥21.61 | +82% |
| Shandong Publishing&Media Co 601019 | ¥6.98 | ¥11.60 | +66% |
| Guangdong Guangzhou Daily Media Co 002181 | ¥7.61 | ¥1.35 | -82% |
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Frequently asked questions
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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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