Koç Holding (KHOLY) Fair Value & Analysis

Industrials · US · Market cap $10.2B

Below-average quality, screening 45% undervalued on our models.

What matters now

• The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
• The price is below even our cautious bear case ($22.81). The market is more pessimistic than our downside scenario.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.

How to read this chart

60‑month range $7.82 – $37.65 · fair‑value band $22.81 – $38.00 · the $20.96 price screens below the $30.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 26, 2026.

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Analysis

Koç Holding (KHOLY) currently trades at $20.96, while our model-based Fair Value estimate is $30.40, implying the stock looks roughly 45.1% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Industrials 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: medium), always confirm before acting.

Over the trailing twelve months, Koç Holding generated revenue of $2.1T at a net margin of 0.9%. Revenue grew 4.8% year over year. It earns a return on equity of 3.9%. Net debt stands at $689B. Fundamentals as of Jul 26, 2026

Our scenario range runs from $22.81 (bear case) to $38.00 (bull case); at $20.96, 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 15% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at 45%, KHOLY 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.

Widest divergence: Earnings-Based ($1,648) versus Multiples ($800.55). Highest evidence: P/E Multiple (63).

Key figures & financial health

Quality Score breakdown

About the company

Koç Holding A.S., through its subsidiaries, engages in the energy, automotive, consumer durables, finance, and other businesses in Turkey and internationally.

Full company description

Koç Holding A.S., through its subsidiaries, engages in the energy, automotive, consumer durables, finance, and other businesses in Turkey and internationally. The company's energy business produces and trades in petroleum products; operates petroleum refineries; cylinder gas, auto gas, and distributes fuel and liquefied petroleum gases, as well as water products; ships petroleum; generates electricity through hydroelectric, natural gas, coal, wind, thermal, solar power and other renewable plants; air, sea, road, and railway transportation; mooring and tug services; and technology and venture investments. Its automotive business provides light commercial vehicles, passenger cars, tractors, buses, and trucks, as well as automotive retailing, car rental and trading, and insurance services. The company's consumer durables business offers white goods, televisions, and air conditioners; and distributes information and communication technologies, as well as treasury services. Its finance business provides various banking and financial products and services that include private banking, leasing, factoring, investment, asset and portfolio management, corporate and commercial loans, and credit cards; and consumer finance, custody, special purpose, brokerage, and financial consulting services. The company's other business offers fast moving consumer goods, purchasing and supply chain management services, technology integrated solutions and services, home improvement retailing, electric vehicle charging station solutions, food, retail, tourism, ship construction, healthcare, trading, technology, marina operation, digital marketing, duty free store management, payment services, and information technologies, as well as operates hotels, restaurants, pubs, cafeterias, patisseries, banquet units, bakeries, stadiums, residences, and production facilities; and manufactures and exports electric motors. Koç Holding A.S. was founded in 1926 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Koç Holding reported revenue of $3.0T in FY2025 versus $347B in FY2021, a compound +71.4%/yr. Reported net income was $23.9B in FY2025, compounding −2.3%/yr from FY2021.

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Peer Group

Conglomerates · 370 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 Conglomerates 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.

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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.