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Marti Otel Isletmeleri A.S. (MARTI) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 2.2B TRY

MO Marti Otel Isletmeleri A.S. MARTI · IS
Price1.47 TRY
Fair Value0.9860 TRY
Upside-32.9%
Quality25/100
Mixed Growth
Loss-making · -23.6% net margin
Moderate debt · generates free cash flow
Trails peers (3/10)
Narrow moat 5/100
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Evidence: Medium Range 0.3230 TRY – 2.16 TRY Share as image

Fair value as of: Aug 1, 2026

From 10 valuation models · updated today

Share price −13.0% over the past month.

What matters now

  • Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (0.3230 TRY to 2.16 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (12 months)

2.90 TRY 1.35 TRY Fair Value 0.9860 TRY Aug 2025 Jul 2026

12‑month range 1.35 TRY – 2.90 TRY · fair‑value band 0.3230 TRY – 2.16 TRY · the 1.47 TRY price screens above the 0.9860 TRY fair value. As of Aug 1, 2026.

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Analysis

Marti Otel Isletmeleri A.S. (MARTI) currently trades at 1.47 TRY, while our model-based Fair Value estimate is 0.9860 TRY, implying the stock looks roughly 32.9% overvalued today. We read business quality at 25/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Marti Otel Isletmeleri A.S. generated revenue of 1.6B TRY at a net margin of -23.6%. Revenue grew 261.0% year over year. It earns a return on equity of -1.6%. Net debt stands at 4.6B TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 0.3230 TRY (bear case) to 2.16 TRY (bull case); at 1.47 TRY, the current price sits within that range. The share trades about 52% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -50% fair-value upside, at -33%, MARTI screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 1.6B TRY
Revenue growth (YoY) +261%
Net margin -23.6%
Return on equity -1.6%
Free cash flow 488M TRY FY2026
Operating margin -140%
More key figures
EPS (TTM) -0.3900 TRY
EPS growth (YoY) -78.8%
Net debt 4.6B TRY FY2026

Figures from reported company fundamentals · as of Aug 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 25/100
Profitability 4
Quality Growth 56
Cashflow 93
Fin. Strength 25
Investment 25
Low Volatility 59
Momentum 9
52W Momentum 5
Net Issuance 0

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

Marti Otel Isletmeleri A.S. operates, manages, and leases hotels, motels, holiday villages, marinas, restaurants, and other touristic facilities in Turkey. Marti Otel Isletmeleri A.S. was founded in 1967 and is based in Istanbul, Turkey.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Marti Otel Isletmeleri A.S. reported revenue of 1.6B TRY in FY2026 versus 132M TRY in FY2022, a compound +86.7%/yr. Reported net income was −380M TRY in FY2026.

Revenue +86.7%/yr
FY22 132M TRY
FY23 360M TRY
FY24 624M TRY
FY25 1.1B TRY
FY26 1.6B TRY
Net income
FY22 12.2M TRY
FY23 704K TRY
FY24 −334M TRY
FY25 119M TRY
FY26 −380M TRY

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Cite: Fair Value Calculator (2026). "Marti Otel Isletmeleri A.S. Fair Value". https://www.fairvalue-calculator.com/stock/MARTI

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.

VALUE 0 / 2
FUTURE 100 / 18
PAST 0 / 11
HEALTH 70 / 91
DIVIDEND 0 / 23

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Lodging stocks, each showing price versus our Fair Value estimate (as of Aug 1, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $384.19 $135.68 -65%
Hilton Worldwide Holdings HLT $338.22 $107.21 -68%
InterContinental Hotels Group IHG $170.05 $85.18 -50%
Hyatt Hotels Corporation H $196.33 $106.17 -46%
Accor SA ACRFF $57.35 $32.74 -43%
H World Group HTHT $42.41 $62.93 +48%
The Indian Hotels Company INDHOTEL ₹733.00 ₹302.18 -59%
Wyndham Hotels & Resorts, Inc WH $81.96 $21.67 -74%
Whitbread plc WTBDY $8.28 $6.71 -19%
Hanjin Kal, 180640 113,800 KRW 23,852 KRW -79%

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Frequently asked questions

Is Marti Otel Isletmeleri A.S. (MARTI) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 0.9860 TRY versus a price of 1.47 TRY, about −33% (overvalued).
What is the fair value of MARTI?
Our model-based fair value for Marti Otel Isletmeleri A.S. is 0.9860 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 1.47 TRY.
What is the quality score of MARTI?
Marti Otel Isletmeleri A.S. has a Quality Score of 25/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Marti Otel Isletmeleri A.S. (MARTI)?
Marti Otel Isletmeleri A.S. reported trailing-twelve-month revenue of about 1.6B TRY (latest available figure, as of Aug 1, 2026).
What is the net profit margin of MARTI?
The net profit margin of Marti Otel Isletmeleri A.S. is about -23.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

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