As of Sep 25, 2026: fair value of KSTUR TRY 1,845, price TRY 2,000, upside -7.7%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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. Kustur Kusadasi Turizm Endüstrisi A.S.
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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. Kustur Kusadasi Turizm Endüstrisi A.S. was incorporated in 1966 and is headquartered in Aydin, Turkey.
Stock analysis
KSTUR (KSTUR) currently trades at 2,000 TRY, while our model-based Fair Value estimate is 1,845 TRY, so the stock looks roughly fairly valued today (gap 8.4%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 1,523 TRY per share, and 0 of the 23 models we run sit above the 2,000 TRY price.
Bear case: the Multiples group reads lowest at 337.63 TRY, and 23 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: 1,162 TRY (bear) to 2,399 TRY (bull), the price of 2,000 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 56/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
KSTUR 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 10.5B TRY (≈ $215M) · P/S ratio 24.2 · EPS (TTM) 0.2600 TRY · Net margin 18.4% · Return on equity 4.6% · Return on assets (EBIT) 21.0% · Operating margin −65.1% · Revenue (TTM) 436M TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −28% fair-value upside, at −8%, KSTUR screens cheaper than that median.
Fair Value models
Bear 1,162 TRYFair Value 1,845 TRYBull 2,399 TRY
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1923 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.Evidence ⓘEvidence = 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).
+26.3%
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 +5.9% a year for the price.
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.Lodging · 167 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−7.7% · Above median
Profitability
Return on equity (TTM)4.6% · Above median
Return on assets9.3% · Top 25%
Net margin (TTM)7.6% · Above median
Operating margin (TTM)−65.1% · Bottom 25%
Growth and dividend
Revenue growth−18.7% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Lodging median · lower = cheaper
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). "KSTUR Fair Value". https://www.fairvalue-calculator.com/stock/KSTUR
Frequently asked questions
Is KSTUR overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 1,845 TRY versus a price of 2,000 TRY, about −8% upside (fairly valued).
What is the fair value of KSTUR?
Our model-based fair value for KSTUR is 1,845 TRY (as of Sep 27, 2026), built from audited fundamentals. The current price: 2,000 TRY.
What is the quality score of KSTUR?
KSTUR has a Quality Score of 56/100. 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 KSTUR?
Our model-based price target is the fair value of 1,845 TRY (as of Sep 27, 2026) from 23 valuation models. Cautious scenario 1,162 TRY, optimistic scenario 2,399 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the KSTUR stock forecast for 2026?
Our models put fair value at 1,845 TRY, about −8% upside versus a price of 2,000 TRY (fairly valued). Cautious scenario 1,162 TRY, optimistic scenario 2,399 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of KSTUR?
KSTUR reported trailing-twelve-month revenue of about 436M TRY (latest available figure, as of Sep 27, 2026).
What growth is priced into KSTUR?
For today's price to be fair in a discounted-cash-flow model, KSTUR would have to grow free cash flow by +26.3 % 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 Sep 27, 2026.
What discount rate (WACC) does the fair value of KSTUR use?
Our models discount KSTUR at 15.7 %: a base by market capitalisation (micro), damped by beta 0.56, 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 KSTUR that is +26.3 % per year a year over ten years, using the same discount rate (15.7 %) and the same formula as our fair value.
How much growth has KSTUR delivered so far?
Over the past 5 years revenue at KSTUR grew +156.2 % a year. The price currently implies +26.3 % per year free-cash-flow growth a 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 KSTUR growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into KSTUR (+26.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of KSTUR?
The free-cash-flow yield on the price is 4.05 %: that much free cash flow KSTUR 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 KSTUR?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KSTUR it is 1,845 TRY per share (as of Sep 27, 2026), against a price of 2,000 TRY. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is KSTUR stock overvalued or undervalued in 2026?
As of Sep 27, 2026, KSTUR trades above its calculated fair value: price 2,000 TRY, fair value 1,845 TRY, a gap of about −8% (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 (2,000 TRY); the fair value is what the company's own numbers justify (1,845 TRY). For KSTUR the two are 154.54 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is KSTUR worth?
The market values KSTUR at about 10.5B TRY (market capitalisation, as of Sep 27, 2026). Per share that is 2,000 TRY; our models calculate a fair value of 1,845 TRY per share.
What do the bullish and bearish scenarios say about KSTUR?
Our models span a range for KSTUR: cautious scenario 1,162 TRY, base 1,845 TRY, optimistic 2,399 TRY per share (as of Sep 27, 2026, price 2,000 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of KSTUR?
Balance-sheet figures for KSTUR (as of Sep 27, 2026): return on equity 4.6%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is KSTUR from its 52-week high?
KSTUR trades at 2,000 TRY, about 48% below its 52-week high of 3,822 TRY and at the low of 2,000 TRY (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of 1,845 TRY is for.
Which stocks are comparable to KSTUR?
From the same area (Consumer Cyclical) we also value Marriott International, Inc, Hilton Worldwide Holdings, InterContinental Hotels Group, Hyatt Hotels Corporation, 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 KSTUR stock attractive at the current price?
The data as of Sep 27, 2026: price 2,000 TRY, calculated fair value 1,845 TRY (−8%), Quality Score 56/100, 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 KSTUR through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 1,845 TRY, 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 13.9 % above its aggregate fair value. KSTUR itself currently trades above fair value. 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 KSTUR?
The closing price on Sep 25, 2026 was 2,000 TRY. Our model-based fair value is 1,845 TRY, about −8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KSTUR right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (1,162 TRY to 2,399 TRY) leaves room in how you read the outcome.
Key figures of KSTUR
How large is the market capitalisation of KSTUR?
The market capitalisation of KSTUR is 10.5B TRY (≈ $215M). 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 KSTUR?
The price-to-sales ratio of KSTUR is 24.2 (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 KSTUR?
Earnings per share at KSTUR are 0.2600 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of KSTUR?
The net margin of KSTUR 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 KSTUR?
The return on equity (ROE) of KSTUR 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 KSTUR?
On an EBIT basis the return on assets of KSTUR 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 KSTUR?
The operating margin of KSTUR is −65.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KSTUR?
Revenue at KSTUR 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 KSTUR?
Earnings per share at KSTUR are growing +12.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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