Marmaris Altinyunus Turistik Tesisler A.S. (MAALT) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Marmaris Altinyunus Turistik Tesisler A.S. stock TRY 64.16, price TRY 682, upside -90.6%, quality 36 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 25, 2026.
How to read this chart
60‑month range 161.00 TRY – 1,531 TRY · fair‑value band 48.12 TRY – 80.20 TRY · the 682.00 TRY price screens above the 64.16 TRY fair value. As of Oct 25, 2026.
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Marmaris Altinyunus Turistik Tesisler A.S. engages in hotels and tourism services in Turkey. It operates tourist hotels in Antalya and Marmaris; and leases tourist facilities. The company was incorporated in 1986 and is based in Antalya, Turkey.
Stock analysis
Marmaris Altinyunus Turistik Tesisler A.S. (MAALT) currently trades at 682.00 TRY, while our model-based Fair Value estimate is 64.16 TRY, 90.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 267.51 TRY per share, and 1 of the 8 models we run sit above the 682.00 TRY price.
Bear case: the Earnings-Based group reads lowest at 37.00 TRY, and 7 of the 8 models stay below the price. Data coverage for this calculation is low.
Scenario range: 48.12 TRY (bear) to 80.20 TRY (bull), the price of 682.00 TRY sits above 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 36/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
Marmaris Altinyunus Turistik Tesisler A.S. reported revenue of 49.9M TRY in FY2025 versus 4.9M TRY in FY2021, a compound +78.8%/yr. Reported net income was 29.6M TRY in FY2025, compounding −9.4%/yr from FY2021.
Key figures
Market cap 5.8B TRY (≈ $117M) Micro · P/E ratio 160.5 · P/S ratio 95.3 · EPS (TTM) 4.25 TRY · Net margin 59.4% · Return on equity −0.1% · Return on assets (EBIT) −0.3% · Operating margin −81.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (low confidence).
What moves the price
The share trades about 55% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −22% fair-value upside, at −91%, MAALT screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (6.93 TRY to 2,191 TRY). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear48.12 TRYFair Value 64.16 TRYBull80.20 TRY
Price 682.00 TRY · Upside -90.6%
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 (3.53 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.
Best data coverage
Residual Income304.42 TRY267.51 TRY232.89 TRY71
Graham-Dodd23.33 TRY37.00 TRY44.50 TRY67
EV/EBITDA172.52 TRY180.55 TRY188.57 TRY67
All 8 models by family
Earnings-Based
Graham-Dodd23.33 TRY37.00 TRY44.50 TRY67
Multiples
P/E Multiple56.61 TRY75.48 TRY94.35 TRY63
P/S Multiple5.20 TRY6.93 TRY8.66 TRY58
P/B Multiple1,643 TRY2,191 TRY2,739 TRY55
EV/EBITDA172.52 TRY180.55 TRY188.57 TRY67
Asset-Based
NCAV (Graham)47.60 TRY72.12 TRY90.15 TRY54
Economic Profit
Residual Income304.42 TRY267.51 TRY232.89 TRY71
Growth Earnings
Growth-Adj P/E39.91 TRY57.01 TRY74.11 TRY67
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.55/100
Spin-off in 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
Revenue growth 1 year
−3.9%
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.
+118.3%
Revenue growth 5 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.
+59.0%
Start year 2020 (pandemic)
Revenue growth 7 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.
+40.9%
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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.
+1.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.0%
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.1% → −15%
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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 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−90.6% · Bottom 25%
Profitability
Return on assets0.5% · Below median
Net margin (12 months)−9.6% · Bottom 25%
Operating margin (12 months)−81.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)0.0% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Lodging median · lower = cheaper
P/E (12 months)160.5× · Priciest 25%
P/B1.19× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 28
FUTURE (revenue growth)0· sector 32
PAST (return on equity)0· sector 14
HEALTH (low debt)100· sector 90
DIVIDEND (yield)0· sector 35
VALUE 0: the price sits above our fair-value range.
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.
Is Marmaris Altinyunus Turistik Tesisler A.S. (MAALT) overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of 64.16 TRY versus a price of 682.00 TRY, about −91% upside (overvalued).
What is the fair value of MAALT?
Our model-based fair value for Marmaris Altinyunus Turistik Tesisler A.S. is 64.16 TRY (as of Oct 25, 2026), built from audited fundamentals. The current price: 682.00 TRY.
What is the quality score of MAALT?
Marmaris Altinyunus Turistik Tesisler A.S. has a Quality Score of 36/100. 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 Marmaris Altinyunus Turistik Tesisler A.S. (MAALT)?
Our model-based price target is the fair value of 64.16 TRY (as of Oct 25, 2026) from 8 valuation models. Cautious scenario 48.12 TRY, optimistic scenario 80.20 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Marmaris Altinyunus Turistik Tesisler A.S. stock forecast for 2026?
Our models put fair value at 64.16 TRY, about −91% upside versus a price of 682.00 TRY (overvalued). Cautious scenario 48.12 TRY, optimistic scenario 80.20 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Marmaris Altinyunus Turistik Tesisler A.S. (MAALT)?
Marmaris Altinyunus Turistik Tesisler A.S. reported trailing-twelve-month revenue of about 49.9M TRY (latest available figure, as of Oct 25, 2026).
What is the intrinsic value of Marmaris Altinyunus Turistik Tesisler A.S. (MAALT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Marmaris Altinyunus Turistik Tesisler A.S. it is 64.16 TRY per share (as of Oct 25, 2026), against a price of 682.00 TRY. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Marmaris Altinyunus Turistik Tesisler A.S. stock overvalued or undervalued in 2026?
As of Oct 25, 2026, MAALT trades above its calculated fair value: price 682.00 TRY, fair value 64.16 TRY, a gap of about −91% (overvalued). 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 MAALT?
No. The price is what the market pays today (682.00 TRY); the fair value is what the company's own numbers justify (64.16 TRY). For Marmaris Altinyunus Turistik Tesisler A.S. the two are 617.84 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Marmaris Altinyunus Turistik Tesisler A.S. worth?
The market values Marmaris Altinyunus Turistik Tesisler A.S. at about 5.8B TRY (market capitalisation, as of Oct 25, 2026). Per share that is 682.00 TRY; our models calculate a fair value of 64.16 TRY per share.
What do the bullish and bearish scenarios say about MAALT?
Our models span a range for Marmaris Altinyunus Turistik Tesisler A.S.: cautious scenario 48.12 TRY, base 64.16 TRY, optimistic 80.20 TRY per share (as of Oct 25, 2026, price 682.00 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MAALT?
Marmaris Altinyunus Turistik Tesisler A.S. trades at a price-to-earnings ratio of 160.5 (as of Oct 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 64.16 TRY is built from several models across several years. Other multiples: P/B 1.2.
How solid is the balance sheet of Marmaris Altinyunus Turistik Tesisler A.S. (MAALT)?
Balance-sheet figures for Marmaris Altinyunus Turistik Tesisler A.S. (as of Oct 25, 2026): return on equity −0.1%, debt of 0.00 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is MAALT from its 52-week high?
Marmaris Altinyunus Turistik Tesisler A.S. trades at 682.00 TRY, about 55% below its 52-week high of 1,531 TRY and 5% above the low of 649.50 TRY (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 64.16 TRY is for.
Which stocks are comparable to Marmaris Altinyunus Turistik Tesisler A.S.?
From the same area (Consumer Cyclical) we also value Marriott International, Inc, Hilton Worldwide Holdings, Hyatt Hotels Corporation, H World Group, 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 Marmaris Altinyunus Turistik Tesisler A.S. stock attractive at the current price?
The data as of Oct 25, 2026: price 682.00 TRY, calculated fair value 64.16 TRY (−91%), Quality Score 36/100, from 8 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 MAALT calculated?
We run Marmaris Altinyunus Turistik Tesisler A.S. through 8 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 64.16 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 13.1 % above its aggregate fair value. Marmaris Altinyunus Turistik Tesisler A.S. 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 Marmaris Altinyunus Turistik Tesisler A.S. (MAALT)?
The closing price on Oct 28, 2026 was 682.00 TRY. Our model-based fair value is 64.16 TRY, about −91% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Marmaris Altinyunus Turistik Tesisler A.S. right now?
The price sits above even our optimistic bull case (80.20 TRY). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Marmaris Altinyunus Turistik Tesisler A.S.
How large is the market capitalisation of Marmaris Altinyunus Turistik Tesisler A.S. (MAALT)?
The market capitalisation of Marmaris Altinyunus Turistik Tesisler A.S. is 5.8B TRY (≈ $117M). 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 Marmaris Altinyunus Turistik Tesisler A.S. (MAALT)?
The price-to-sales ratio of Marmaris Altinyunus Turistik Tesisler A.S. is 95.3 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Marmaris Altinyunus Turistik Tesisler A.S. (MAALT)?
Earnings per share at Marmaris Altinyunus Turistik Tesisler A.S. are 4.25 TRY (price ÷ EPS = P/E 160.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Marmaris Altinyunus Turistik Tesisler A.S. (MAALT)?
The net margin of Marmaris Altinyunus Turistik Tesisler A.S. is 59.4% (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 Marmaris Altinyunus Turistik Tesisler A.S. (MAALT)?
The return on equity (ROE) of Marmaris Altinyunus Turistik Tesisler A.S. is −0.1% (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 Marmaris Altinyunus Turistik Tesisler A.S. (MAALT)?
On an EBIT basis the return on assets of Marmaris Altinyunus Turistik Tesisler A.S. is −0.3% (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 Marmaris Altinyunus Turistik Tesisler A.S. (MAALT)?
The operating margin of Marmaris Altinyunus Turistik Tesisler A.S. is −81.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast are earnings growing at Marmaris Altinyunus Turistik Tesisler A.S. (MAALT)?
Earnings per share at Marmaris Altinyunus Turistik Tesisler A.S. are growing −82.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Marmaris Altinyunus Turistik Tesisler A.S. (MAALT) generate?
The free cash flow of Marmaris Altinyunus Turistik Tesisler A.S. is −882M TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Thin data
Oct 25, 2026