Türkiye Kalkinma ve Yatirim Bankasi A.S. (KLNMA) Fair Value & Analysis
Financial Services · TR · Market cap 90.2B TRY
Fair value as of: Aug 13, 2026
From 6 valuation models · updated today
Share price −3.0% over the past month.
Below-average quality, screening 30% undervalued on our models.
What matters now
- Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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 2.66 TRY – 18.85 TRY · fair‑value band 8.78 TRY – 14.64 TRY · the 9.02 TRY price screens below the 11.71 TRY fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Türkiye Kalkinma ve Yatirim Bankasi A.S. (KLNMA) currently trades at 9.02 TRY, while our model-based Fair Value estimate is 11.71 TRY, implying the stock looks roughly 29.8% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Financial 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: high), always confirm before acting.
Over the trailing twelve months, Türkiye Kalkinma ve Yatirim Bankasi A.S. generated revenue of 17.7B TRY at a net margin of 58.1%. Revenue grew 26.8% year over year. It earns a return on equity of 30.6%. Net debt stands at 106B TRY. Fundamentals as of Aug 13, 2026
Our scenario range runs from 8.78 TRY (bear case) to 14.64 TRY (bull case); at 9.02 TRY, the current price sits within 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 43% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 30%, KLNMA 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 6 models by family
Widest divergence: Economic Profit (10.66 TRY) versus Dividend Discount (0.0200 TRY). Highest evidence: Residual Income (76).
Notify me when KLNMA reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
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 52 · Market factors (momentum, volatility) 28
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
Türkiye Kalkinma ve Yatirim Bankasi A.S. operates as a development and investment banking company in Türkiye. It operates through Investment Banking, Corporate Banking, and Other segments.
Full company description
Türkiye Kalkinma ve Yatirim Bankasi A.S. operates as a development and investment banking company in Türkiye. It operates through Investment Banking, Corporate Banking, and Other segments. The company provides financial solutions and banking services to medium and large-scale joint stock company customers, investment loans, project financing, TL and foreign currency-based business loans, letters of credit, and guarantees and collateral. It also offers treasury and government bonds, repo transactions, capital markets consultancy, transactions, money swaps and forward foreign exchange transactions, capital markets consultancy, financial consultancy, and mergers and acquisition consultancy services. Additionally, the company provides project funding and corporate loans and development funds. Türkiye Kalkinma ve Yatirim Bankasi A.S. was incorporated in 1975 and is based in Ümraniye, Turkey.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Türkiye Kalkinma ve Yatirim Bankasi A.S. reported revenue of 15.0B TRY in FY2025 versus 1.6B TRY in FY2021, a compound +74.7%/yr. Reported net income was 9.0B TRY in FY2025, compounding +82.2%/yr from FY2021.
Watch KLNMA: get an alert when its fair value changes →
Peer Group
Banks - Regional · 1086 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 Banks - Regional 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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Bank Central Asia Tbk BBCA | 6,175 IDR | 6,087 IDR | -1% |
| KB Financial Group 105560 | 184,400 KRW | 213,797 KRW | +16% |
| PT Bank Rakyat Indonesia (Persero) Tbk BBRI | 2,970 IDR | 4,891 IDR | +65% |
| PT Bank Mandiri (Persero) Tbk BMRI | 4,310 IDR | 7,841 IDR | +82% |
| Banco Bradesco S.A BBD | 5,120 ARS | 10,240 ARS | +100% |
| Shinhan Financial Group 055550 | 107,900 KRW | 137,259 KRW | +27% |
| Hana Financial Group 086790 | 136,800 KRW | 193,969 KRW | +42% |
| Lloyds Banking Group LYG | 4,138 ARS | 8,275 ARS | +100% |
| Banco de Chile, CHILE | 193.10 CLP | 152.55 CLP | -21% |
| Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB | 59,400 VND | 84,201 VND | +42% |
Compare Türkiye Kalkinma ve Yatirim Bankasi A.S. with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Financial Services stocks →
Frequently asked questions
Is Türkiye Kalkinma ve Yatirim Bankasi A.S. (KLNMA) overvalued or undervalued?
What is the fair value of KLNMA?
What is the quality score of KLNMA?
What is the revenue of Türkiye Kalkinma ve Yatirim Bankasi A.S. (KLNMA)?
What is the net profit margin of KLNMA?
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.
Track Türkiye Kalkinma ve Yatirim Bankasi A.S. and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.