Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM) Fair Value & Analysis
Technology · TR · Market cap 9.4B TRY
Fair value as of: Aug 13, 2026
From 15 valuation models · updated today
Share price −3.2% over the past month.
Below-average quality, and screening another 62% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (188.25 TRY). The favourable scenario is already priced in.
- Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 40.22 TRY – 1,240 TRY · fair‑value band 112.95 TRY – 188.25 TRY · the 391.75 TRY price screens above the 150.60 TRY fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM) currently trades at 391.75 TRY, while our model-based Fair Value estimate is 150.60 TRY, implying the stock looks roughly 61.6% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Technology 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: high).
Over the trailing twelve months, Ingram Micro Bilisim Sistemleri Anonim Sirketi generated revenue of 29.1B TRY at a net margin of -0.5%. Revenue grew 31.0% year over year. It earns a return on equity of -5.6%. Net debt stands at 2.6B TRY. Fundamentals as of Aug 13, 2026
Our scenario range runs from 112.95 TRY (bear case) to 188.25 TRY (bull case); at 391.75 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 37% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -18% fair-value upside, at -62%, INGRM 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 15 models by family
Widest divergence: Growth Earnings (339.60 TRY) versus Asset-Based (49.18 TRY). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 33
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
Ingram Micro Bilisim Sistemleri Anonim Sirketi engages in the information technology business in Turkey and internationally. The company offers laptops, computers, servers, storage, virtualization, networking, IP PBX, video conferencing, and security products.
Full company description
Ingram Micro Bilisim Sistemleri Anonim Sirketi engages in the information technology business in Turkey and internationally. The company offers laptops, computers, servers, storage, virtualization, networking, IP PBX, video conferencing, and security products. It also provides artificial intelligence, cloud, collaboration, data center, data capture/POS, and professional solutions. Ingram Micro Bilisim Sistemleri Anonim Sirketi was formerly known as Armada Bilgisayar Sistemleri Sanayi ve Ticaret A.S. The company was incorporated in 1993 and is based in Istanbul, Turkey. Ingram Micro Bilisim Sistemleri Anonim Sirketi is a subsidiary of Aptec Holdings Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
Ingram Micro Bilisim Sistemleri Anonim Sirketi reported revenue of 21.3B TRY in FY2024 versus 3.1B TRY in FY2020, a compound +61.8%/yr. Reported net income was 181M TRY in FY2024, compounding +86.3%/yr from FY2020.
INGRM screens 62% overvalued. Compare with TD SYNNEX Corporation →
Peer Group
Electronics & Computer Distribution · 155 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 Electronics & Computer Distribution 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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| TD SYNNEX Corporation SNX | $251.52 | $207.02 | -18% |
| Unisplendour Corporation 000938 | ¥38.59 | ¥11.79 | -69% |
| Rexel S.A RXL | €38.59 | €33.31 | -14% |
| Arrow Electronics, Inc ARW | $204.10 | $115.40 | -43% |
| Avnet, Inc AVT | $87.13 | $58.57 | -33% |
| WPG Holdings 3702 | 106.50 TWD | 102.31 TWD | -4% |
| Synnex Technology International Corporation 2347 | 85.30 TWD | 86.30 TWD | +1% |
| Nanjing Sunlord Electronics Corporation 300975 | ¥37.37 | ¥8.60 | -77% |
| Insight Enterprises, Inc NSIT | $114.65 | $104.19 | -9% |
| Shenzhen Huaqiang Industry Co 000062 | ¥23.26 | ¥7.52 | -68% |
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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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