Kustur Kusadasi Turizm Endustrisi AS (KSTUR) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Kustur Kusadasi Turizm Endustrisi AS stock TRY 1,601, price TRY 1,450, upside +10.4%, quality 58 out of 100. Rating: fairly valued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range 159.20 TRY – 9,722 TRY · fair‑value band 1,008 TRY – 2,081 TRY · the 1,450 TRY price screens below the 1,601 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Kustur Kusadasi Turizm Endüstrisi A.S. constructs, purchases, operates, and rentals bungalows and villas in turkey. It also operates studio apartment blocks, hotels, motel rooms and similar tourist residence units, as well as buys and sells all kinds of touristic commodities.
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Kustur Kusadasi Turizm Endüstrisi A.S. was incorporated in 1966 and is headquartered in Aydin, Turkey.
Stock analysis
Kustur Kusadasi Turizm Endustrisi AS (KSTUR) currently trades at 1,450 TRY, while our model-based Fair Value estimate is 1,601 TRY, so the stock looks roughly fairly valued today (gap 9.4%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 1,103 TRY per share, and 0 of the 23 models we run sit above the 1,450 TRY price.
Bear case: the Economic Profit group reads lowest at 216.13 TRY, and 23 of the 23 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,008 TRY (bear) to 2,081 TRY (bull), the price of 1,450 TRY sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kustur Kusadasi Turizm Endustrisi AS reported revenue of 458M TRY in FY2025 versus 19.8M TRY in FY2021, a compound +119.1%/yr. Reported net income was 84.3M TRY in FY2025, compounding +50.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 6.2B TRY (≈ $123M) Micro · P/S ratio 14.2 · EPS (TTM) 0.1900 TRY · Net margin 18.4% · Return on equity 4.6% · Return on assets (EBIT) 21.0% (5-year average) · Operating margin −65.1% · Revenue (TTM) 436M TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 62% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 33% fair-value upside, at 10%, KSTUR screens richer than that median.
Fair Value models
Bear1,008 TRYFair Value 1,601 TRYBull2,081 TRY
Price 1,450 TRY · Upside +10.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.1640 TRY per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+64.2%
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+51.1%
’19
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TRY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+43.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+43.1%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−125% → 28%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+19.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Turkey: IMF forecast 19.3% a year to 2030, 28.5% from 2016 to 2025) that is about −0.1% a year for the price.
Compare Kustur Kusadasi Turizm Endustrisi AS with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Resorts & Casinos · 64 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+10.4% · Above median
Profitability
Return on equity (12 months)4.6% · Below median
Return on assets9.3% · Top 25%
Net margin (12 months)7.6% · Above median
Operating margin (12 months)−65.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−18.7% · Bottom 25%
Dividend yield (12 months)0.0% · Bottom 25%
Valuation Multiplesvs Resorts & Casinos median · lower = cheaper
P/B7.25× · Priciest 25%
P/S (12 months)14.13× · Priciest 25%
Price / free cash flow (fiscal year)17.9× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kustur Kusadasi Turizm Endustrisi AS Fair Value". https://www.fairvalue-calculator.com/stock/KSTUR
Frequently asked questions
Is Kustur Kusadasi Turizm Endustrisi AS (KSTUR) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of 1,601 TRY versus a price of 1,450 TRY, about +10% upside (fairly valued).
What is the fair value of KSTUR?
Our model-based fair value for Kustur Kusadasi Turizm Endustrisi AS is 1,601 TRY (as of Nov 10, 2026), built from audited fundamentals. The current price: 1,450 TRY.
What is the quality score of KSTUR?
Kustur Kusadasi Turizm Endustrisi AS has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
Our model-based price target is the fair value of 1,601 TRY (as of Nov 10, 2026) from 23 valuation models. Cautious scenario 1,008 TRY, optimistic scenario 2,081 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Kustur Kusadasi Turizm Endustrisi AS stock forecast for 2026?
Our models put fair value at 1,601 TRY, about +10% upside versus a price of 1,450 TRY (fairly valued). Cautious scenario 1,008 TRY, optimistic scenario 2,081 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
Kustur Kusadasi Turizm Endustrisi AS reported trailing-twelve-month revenue of about 436M TRY (latest available figure, as of Nov 10, 2026).
What growth is priced into Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
For today's price to be fair in a discounted-cash-flow model, Kustur Kusadasi Turizm Endustrisi AS would have to grow free cash flow by +19.2 % per year for five years (discount rate 15.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +156.2 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of KSTUR use?
Our models discount Kustur Kusadasi Turizm Endustrisi AS at 15.7 %: a base by market capitalisation (micro), damped by beta 0.51, country premium for Turkey. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kustur Kusadasi Turizm Endustrisi AS that is +19.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (15.7 %) and the same formula as our fair value.
How much growth has Kustur Kusadasi Turizm Endustrisi AS (KSTUR) delivered so far?
Over the past 5 years revenue at Kustur Kusadasi Turizm Endustrisi AS grew +156.2 % a year. The price currently implies free-cash-flow growth of +19.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kustur Kusadasi Turizm Endustrisi AS (KSTUR) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Kustur Kusadasi Turizm Endustrisi AS (+19.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
The free-cash-flow yield on the price is 5.59 %: that much free cash flow Kustur Kusadasi Turizm Endustrisi AS produces per unit of market value. When it exceeds the discount rate of our models (15.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kustur Kusadasi Turizm Endustrisi AS it is 1,601 TRY per share (as of Nov 10, 2026), against a price of 1,450 TRY. It is the blended result of 23 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Kustur Kusadasi Turizm Endustrisi AS stock overvalued or undervalued in 2026?
As of Nov 10, 2026, KSTUR trades below its calculated fair value: price 1,450 TRY, fair value 1,601 TRY, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KSTUR?
No. The price is what the market pays today (1,450 TRY); the fair value is what the company's own numbers justify (1,601 TRY). For Kustur Kusadasi Turizm Endustrisi AS the two are 150.50 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Kustur Kusadasi Turizm Endustrisi AS worth?
The market values Kustur Kusadasi Turizm Endustrisi AS at about 6.2B TRY (market capitalisation, as of Nov 10, 2026). Per share that is 1,450 TRY; our models calculate a fair value of 1,601 TRY per share.
What do the bullish and bearish scenarios say about KSTUR?
Our models span a range for Kustur Kusadasi Turizm Endustrisi AS: cautious scenario 1,008 TRY, base 1,601 TRY, optimistic 2,081 TRY per share (as of Nov 10, 2026, price 1,450 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
Balance-sheet figures for Kustur Kusadasi Turizm Endustrisi AS (as of Nov 10, 2026): return on equity 4.6%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is KSTUR from its 52-week high?
Kustur Kusadasi Turizm Endustrisi AS trades at 1,450 TRY, about 62% below its 52-week high of 3,822 TRY and 4% above the low of 1,390 TRY (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 1,601 TRY is for.
Which stocks are comparable to Kustur Kusadasi Turizm Endustrisi AS?
From the same area (Consumer Cyclical) we also value Las Vegas Sands Corp, Galaxy Entertainment Group, Sands China Ltd, Wynn Resorts, Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kustur Kusadasi Turizm Endustrisi AS stock attractive at the current price?
The data as of Nov 10, 2026: price 1,450 TRY, calculated fair value 1,601 TRY (+10%), Quality Score 58/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KSTUR calculated?
We run Kustur Kusadasi Turizm Endustrisi AS through 23 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,601 TRY builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Kustur Kusadasi Turizm Endustrisi AS currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
The closing price on Nov 10, 2026 was 1,450 TRY. Our model-based fair value is 1,601 TRY, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kustur Kusadasi Turizm Endustrisi AS right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (1,008 TRY to 2,081 TRY) leaves room in how you read the outcome.
Key figures of Kustur Kusadasi Turizm Endustrisi AS
How large is the market capitalisation of Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
The market capitalisation of Kustur Kusadasi Turizm Endustrisi AS is 6.2B TRY (≈ $123M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
The price-to-sales ratio of Kustur Kusadasi Turizm Endustrisi AS is 14.2 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
Earnings per share at Kustur Kusadasi Turizm Endustrisi AS are 0.1900 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
The net margin of Kustur Kusadasi Turizm Endustrisi AS is 18.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
The return on equity (ROE) of Kustur Kusadasi Turizm Endustrisi AS is 4.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
On an EBIT basis the return on assets of Kustur Kusadasi Turizm Endustrisi AS is 21.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
The operating margin of Kustur Kusadasi Turizm Endustrisi AS is −65.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
Revenue at Kustur Kusadasi Turizm Endustrisi AS is growing −18.7% versus a year earlier (3y avg +64.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kustur Kusadasi Turizm Endustrisi AS (KSTUR)?
Earnings per share at Kustur Kusadasi Turizm Endustrisi AS are growing +12.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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Some data
Nov 10, 2026