Ihlas Yayin Holding (IHYAY) Fair Value & Analysis
Communication Services · TR · Market cap 567M TRY
Fair value as of: Aug 8, 2026
From 7 valuation models · updated yesterday
Share price −9.4% over the past month.
Below-average quality, screening 196% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (32/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (2.65 TRY). The market is more pessimistic than our downside scenario.
- 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 (2.65 TRY to 4.81 TRY) leaves room in how you read the outcome.
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 0.6100 TRY – 6.86 TRY · fair‑value band 2.65 TRY – 4.81 TRY · the 1.26 TRY price screens below the 3.73 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.
Analysis
Ihlas Yayin Holding (IHYAY) currently trades at 1.26 TRY, while our model-based Fair Value estimate is 3.73 TRY, implying the stock looks roughly 196.0% undervalued today. The Quality Score stands at 32/100 (below-average quality), in the Communication 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: low), always confirm before acting.
Over the trailing twelve months, Ihlas Yayin Holding generated revenue of 3.4B TRY at a net margin of -9.9%. Revenue declined 2.2% year over year. It earns a return on equity of -5.3%. Fundamentals as of Aug 8, 2026
Our scenario range runs from 2.65 TRY (bear case) to 4.81 TRY (bull case); at 1.26 TRY, the current price sits below 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 64% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 15% fair-value upside, at 196%, IHYAY 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.
All 7 models by family
Widest divergence: Growth DCF (6.07 TRY) versus Asset-Based (1.06 TRY). Highest evidence: Growth DCF (80).
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 39 · Market factors (momentum, volatility) 24
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 Yayin Holding A.S., through its subsidiaries, engages in media, publishing, and advertising businesses in Turkey. It publishes newspaper under the Türkiye Newspaper name; operates news agency, which provides video news service and news reporting and content production services to private corporations in Turkey; and produces and publishes special news …
Full company description
Ihlas Yayin Holding A.S., through its subsidiaries, engages in media, publishing, and advertising businesses in Turkey. It publishes newspaper under the Türkiye Newspaper name; operates news agency, which provides video news service and news reporting and content production services to private corporations in Turkey; and produces and publishes special news through TGRT News TV. The company also broadcasts live news and programs, television and radio broadcasting, production, shooting, dubbing of television films, videos and advertising programs, television channels, renting and establishing radio stations through digital platforms, such as Türksat Cable TV and D-smart, as well as over the internet through tgrthaber.com.tr website; and broadcasts educational, relaxing, and informative documentaries. In addition, it provides integrated services, including prepress, printing, and post-press services for various products, such as newspapers, magazines, promotional materials, and books, as well as broadcasts programming through TGRT FM radio. Further, the company engages in the digital assets business that offers web design, mobile content and applications, internet software, and social media management services. Ihlas Yayin Holding A.S. was incorporated in 2003 and is headquartered in Istanbul, Turkey.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ihlas Yayin Holding reported revenue of 3.4B TRY in FY2025 versus 333M TRY in FY2021, a compound +78.4%/yr. Reported net income was −340M TRY in FY2025.
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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.
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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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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