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Ihlas Haber Ajansi A.S. (IHAAS) Fair Value & Analysis

Communication Services · TR · Market cap 8.2B TRY

IH Ihlas Haber Ajansi A.S. IHAAS · IS
Price50.70 TRY
Fair Value35.29 TRY
Upside-30.4%
Quality36/100
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Expensive Growth
Loss-making · -19.3% net margin
negative free cash flow
Trails peers (2/9)
Narrow moat 0/100
Evidence: Low Range 23.37 TRY – 43.88 TRY Share as image

Fair value as of: Aug 8, 2026

From 1 valuation models · updated yesterday

Share price −8.1% over the past month.

Below-average quality, and screening another 30% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (43.88 TRY). The favourable scenario is already priced in.
  • Weak quality (36/100) 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 (23.37 TRY to 43.88 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

104.50 TRY 1.60 TRY Fair Value 35.29 TRY Nov 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 1.60 TRY – 104.50 TRY · fair‑value band 23.37 TRY – 43.88 TRY · the 50.70 TRY price screens above the 35.29 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Ihlas Haber Ajansi A.S. (IHAAS) currently trades at 50.70 TRY, while our model-based Fair Value estimate is 35.29 TRY, implying the stock looks roughly 30.4% overvalued today. The Quality Score stands at 36/100 (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, Ihlas Haber Ajansi A.S. generated revenue of 544M TRY at a net margin of -19.3%. Revenue declined 2.1% year over year. It earns a return on equity of -34.4%. Fundamentals as of Aug 8, 2026

Our scenario range runs from 23.37 TRY (bear case) to 43.88 TRY (bull case); at 50.70 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 52% below its 52-week high and 75% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 12% fair-value upside, at -30%, IHAAS 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
NCAV (Graham) 26.40 TRY 35.29 TRY 52.81 TRY 50
All 1 models by family
Asset-Based
NCAV (Graham) 26.40 TRY 35.29 TRY 52.81 TRY 50

Key figures & financial health

Revenue (TTM) 544M TRY
Revenue growth (YoY) -2.1%
Net margin -19.3%
Return on equity -34.4%
Free cash flow −105M TRY FY2025
Operating margin -51.5%
More key figures
EPS (TTM) -0.6400 TRY
EPS growth (YoY) -54.5%

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

Quality Score breakdown

Overall quality 36/100

Of which business quality 40 · Market factors (momentum, volatility) 44

Profitability 16
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 40
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

Ihlas Haber Ajansi A.S. engages in news agency activities in Turkey and internationally. It offers SNG facilities, live shots, tape playout, field camera crews, ENG crew, editing operations, and studio facilities with live and tape transmission capabilities. The company also produces visual, written, and photographic news. Ihlas Haber Ajansi A.S.

Full company description

Ihlas Haber Ajansi A.S. engages in news agency activities in Turkey and internationally. It offers SNG facilities, live shots, tape playout, field camera crews, ENG crew, editing operations, and studio facilities with live and tape transmission capabilities. The company also produces visual, written, and photographic news. Ihlas Haber Ajansi A.S. was founded in 1993 and is headquartered in Istanbul, Türkiye.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ihlas Haber Ajansi A.S. reported revenue of 547M TRY in FY2025 versus 95.7M TRY in FY2021, a compound +54.6%/yr. Reported net income was −85.8M TRY in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
547M TRY
Latest YoY
+6.6%
Avg. growth/yr (3Y)
+47.5%
Avg. growth/yr (5Y)
+50.3%
Revenue +54.6%/yr
FY21 95.7M TRY
FY22 170M TRY
FY23 522M TRY
FY24 513M TRY
FY25 547M TRY
Net income
FY21 10.5M TRY
FY22 35.6M TRY
FY23 −95.1M TRY
FY24 −88.5M TRY
FY25 −85.8M TRY

IHAAS screens 30% overvalued. Compare with Nexstar Media Group →

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Cite: Fair Value Calculator (2026). "Ihlas Haber Ajansi A.S. Fair Value". https://www.fairvalue-calculator.com/stock/IHAAS

Peer Group

Broadcasting · 71 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 41 · Below median
Fair Value upside −30% · Below median
Return on assets -14% · Bottom 25%
Net margin (TTM) -19% · Bottom 25%
Operating margin (TTM) -52% · Bottom 25%
Revenue growth -2% · Below median

Valuation Multiples vs Broadcasting median · lower = cheaper

P/B 0.51× · Cheaper than median
P/S (TTM) 0.32× · Cheaper than median

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

Stock Price Fair Value vs Fair Value
Nexstar Media Group NXST $183.71 $78.52 -57%
SES S.A SESG €7.46 €15.46 +107%
PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK 505.00 IDR 1,094 IDR +117%
MFE-Mediaforeurope N.V MFEB €3.64 €5.38 +48%
Jiangsu Broadcasting Cable Information Network Corporation 600959 ¥3.07 ¥1.14 -63%
Sun TV Network Limited SUNTV ₹489.20 ₹586.58 +20%
MBC Group 4072 20.06 SAR 19.56 SAR -2%
Beijing Gehua Catv Network Co 600037 ¥7.13 ¥3.64 -49%
PT Surya Citra Media Tbk, SCMA 206.00 IDR 229.91 IDR +12%
Guizhou BC&TV Information Network CO.,LTD 600996 ¥7.02 ¥0.4100 -94%

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Frequently asked questions

Is Ihlas Haber Ajansi A.S. (IHAAS) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 35.29 TRY versus a price of 50.70 TRY, about −30% (overvalued).
What is the fair value of IHAAS?
Our model-based fair value for Ihlas Haber Ajansi A.S. is 35.29 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 50.70 TRY.
What is the quality score of IHAAS?
Ihlas Haber Ajansi A.S. has a Quality Score of 36/100. 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 Ihlas Haber Ajansi A.S. (IHAAS)?
Ihlas Haber Ajansi A.S. reported trailing-twelve-month revenue of about 544M TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of IHAAS?
The net profit margin of Ihlas Haber Ajansi A.S. is about -19.3%, meaning it is currently running at a net loss. 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.

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