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Merit Turizm Yatirim ve Isletme Anonim Sirketi, (MERIT) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 5.3B TRY

MT Merit Turizm Yatirim ve Isletme Anonim Sirketi, MERIT · IS
Price16.38 TRY
Fair Value11.59 TRY
Upside-29.2%
Quality46/100
Mixed Growth
generates free cash flow
Ranks above peers (6/10)
Narrow moat 15/100
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Evidence: High Range 8.06 TRY – 21.16 TRY Share as image

Fair value as of: Aug 1, 2026

From 25 valuation models · updated today

Share price −5.2% over the past month.

What matters now

  • The model range is unusually wide (8.06 TRY to 21.16 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (12 months)

24.60 TRY 14.95 TRY Fair Value 11.59 TRY Aug 2025 Jul 2026

12‑month range 14.95 TRY – 24.60 TRY · fair‑value band 8.06 TRY – 21.16 TRY · the 16.38 TRY price screens above the 11.59 TRY fair value. As of Aug 1, 2026.

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Analysis

Merit Turizm Yatirim ve Isletme Anonim Sirketi, (MERIT) currently trades at 16.38 TRY, while our model-based Fair Value estimate is 11.59 TRY, implying the stock looks roughly 29.2% overvalued today. We read business quality at 46/100 (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: high).

Trailing-twelve-month revenue stands at 332M TRY. Revenue grew 18.3% year over year. It earns a return on equity of 5.1%. The stock trades on a trailing P/E of 7.0. Fundamentals as of Aug 1, 2026

Our scenario range runs from 8.06 TRY (bear case) to 21.16 TRY (bull case); at 16.38 TRY, the current price sits within that range. The share trades about 34% 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 -2% fair-value upside, at -29%, MERIT screens richer than that median.

Key figures & financial health

Revenue (TTM) 332M TRY
Revenue growth (YoY) +18.3%
Net margin 229%
Return on equity 5.1%
Free cash flow 239M TRY FY2025
P/E ratio 7.0
More key figures
Operating margin -4.0%
EPS (TTM) 2.25 TRY
EPS growth (YoY) +20.9%

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

Quality Score breakdown

Overall quality 46/100
Profitability 34
Quality Growth 77
Cashflow 75
Fin. Strength 80
Investment 33
Low Volatility 66
Momentum 32
52W Momentum 13
Net Issuance 40

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

Merit Turizm Yatirim ve Isletme Anonim Sirketi, together with its subsidiaries, engages in the operation and management of hotels in Turkey and internationally.

Full company description

Merit Turizm Yatirim ve Isletme Anonim Sirketi, together with its subsidiaries, engages in the operation and management of hotels in Turkey and internationally. It operates hotels under the Merit Lefkosa, Merit Crystal Cove, Merit Park, Merit Royal, Liman Hotel by Merit, Merit Royal Diamond Hotel, Merit Royal Gardens, Merit Starlit, and Merit Grand Mosta brands. The company was incorporated in 1988 and is based in Istanbul, Turkey. Merit Turizm Yatirim ve Isletme Anonim Sirketi operates as a subsidiary of Net Holding A.S.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Merit Turizm Yatirim ve Isletme Anonim Sirketi, reported revenue of 325M TRY in FY2025 versus 11.4M TRY in FY2021, a compound +131.2%/yr. Reported net income was 755M TRY in FY2025, compounding +273.0%/yr from FY2021.

Revenue +131.2%/yr
FY21 11.4M TRY
FY22 59.3M TRY
FY23 149M TRY
FY24 197M TRY
FY25 325M TRY
Net income +273.0%/yr
FY21 3.9M TRY
FY22 20.1M TRY
FY23 122M TRY
FY24 468M TRY
FY25 755M TRY

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Cite: Fair Value Calculator (2026). "Merit Turizm Yatirim ve Isletme Anonim Sirketi, Fair Value". https://www.fairvalue-calculator.com/stock/MERIT

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 / 17
FUTURE 92 / 32
PAST 20 / 19
HEALTH 0 / 84
DIVIDEND 0 / 50

Values & ESG

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

Gambling

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

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Frequently asked questions

Is Merit Turizm Yatirim ve Isletme Anonim Sirketi, (MERIT) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 11.59 TRY versus a price of 16.38 TRY, about −29% (overvalued).
What is the fair value of MERIT?
Our model-based fair value for Merit Turizm Yatirim ve Isletme Anonim Sirketi, is 11.59 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 16.38 TRY.
What is the quality score of MERIT?
Merit Turizm Yatirim ve Isletme Anonim Sirketi, has a Quality Score of 46/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Merit Turizm Yatirim ve Isletme Anonim Sirketi, (MERIT)?
Merit Turizm Yatirim ve Isletme Anonim Sirketi, reported trailing-twelve-month revenue of about 332M TRY (latest available figure, as of Aug 1, 2026).

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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