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Data-driven stock valuation

Metro Ticari ve Mali Yatirimlar Holding AS (METRO) fair value: what the stock is really worth

As of Oct 28, 2026: fair value (intrinsic value) of Metro Ticari ve Mali Yatirimlar Holding AS stock TRY 6.21, price TRY 7.33, upside -15.3%, quality 69 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Financial Services TR · ISIN TRAVANET91A5

MT Metro Ticari ve Mali Yatirimlar Holding AS logo Thin data Oct 29, 2026

Metro Ticari ve Mali Yatirimlar Holding AS

METRO · IS
Solid, but expensive

Our calculation puts a fair price 15% below what the stock costs today.

Quality 69/100
Low debt
Generates free cash flow
41% return on equity.
Mixed Growth (revenue YoY +272.7 %/yr in TRY)
Mixed vs. peers (5/10)
Moderate moat 54/100 · thin data
Fair value 6.21 TRY · Overvalued (−15.3%)
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

9.38 TRY 0.9500 TRY Fair Value 6.21 TRY Aug 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.

How to read this chart

60‑month range 0.9500 TRY – 9.38 TRY · fair‑value band 4.66 TRY – 7.77 TRY · the 7.33 TRY price screens above the 6.21 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Oct 29, 2026.

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Company profile

Metro Ticari ve Mali Yatirimlar Holding A.S., together with its subsidiaries, engages in the investment, facility and hotel management, travel management, meat and meat product production, mine, and energy businesses in Turkey.

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The company operates hotels under the EUPHORIA HOTEL name; produces and sells electricity; extracts, operates, enriches, refines, acquires, and leases underground and surface mineral and natural resources; purchases, imports, exports, and sells food products; sells domestic and international flight tickets; buys and sells motor land transportation vehicles; and produces meat and meat products, salami, sausage, soudjouk, roasted meat, pastrami, and ham, as well as beef, sheep, and turkey carcasses.

It is also involved in the operation of domestic and international bus services under the METRO brand, as well as fuel stations and rest and road facilities; maintenance, repair, and spare parts for buses; production, breeding, care, fattening, slaughtering, preservation, purchase, sale, import, and export of ruminants and poultry; cruise and Umrah tours; visa and guidance services; organization of domestic and international touristic trips; road passenger transportation; tourism agency services; and investment activities.

The company was formerly known as Van-Et Ticari Yatirimlar Gida Sanayi Turizm Iç ve Dis Ticaret A.S. Metro Ticari ve Mali Yatirimlar Holding A.S. was incorporated in 1977 and is headquartered in Istanbul, Turkey.

Stock analysis

Metro Ticari ve Mali Yatirimlar Holding AS (METRO) currently trades at 7.33 TRY, while our model-based Fair Value estimate is 6.21 TRY, 15.3% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 14 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: 4.66 TRY (bear) to 7.77 TRY (bull), the price of 7.33 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 69/100 (solid quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Metro Ticari ve Mali Yatirimlar Holding AS reported revenue of 191M TRL in FY2025 versus 45.4M TRL in FY2021, a compound +43.3%/yr. Reported net income was −560M TRL in FY2025.

Key figures

Market cap 3.9B TRY (≈ $77.4M) Micro · P/S ratio 14.8 · EPS (TTM) −1.35 TRY · Return on equity 41.1% · Return on assets (EBIT) −0.2% · Operating margin 12,960% · Revenue (TTM) 262M TRY · Revenue growth (YoY) +826%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).

What moves the price

The share trades about 22% below its 52-week high and 89% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at −15%, METRO screens cheaper than that median.

Fair Value models

Bear 4.66 TRY Fair Value 6.21 TRY Bull 7.77 TRY
Price 7.33 TRY · Upside -15.3%
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. 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
P/B Multiple 4.66 TRY 6.21 TRY 7.77 TRY 55
NCAV (Graham) 3.65 TRY 4.90 TRY 7.31 TRY 54
All 2 models by family
Multiples
P/B Multiple 4.66 TRY 6.21 TRY 7.77 TRY 55
Asset-Based
NCAV (Graham) 3.65 TRY 4.90 TRY 7.31 TRY 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 69/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 94
Are margins and returns getting better?
Cashflow 79
Do the profits arrive as real cash?
Financial strength 80
Debt, balance sheet and risk of trouble
Investment 75
Does it invest with discipline instead of growing at any price?
Low Volatility 27
How calm the share price moves, does not count
Momentum 52
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 64
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Profit margin (trend) ⓘ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.
−8.4% (2020) → 29.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more 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).
+68.7%
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 +41.4% a year for the price.

METRO screens overvalued: fair value 15% below the price. Compare with Blackstone Inc →

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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.Asset Management · 666 stocks

Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 69 · Top 25%
Fair Value upside −15.3% · Below median
Profitability
Return on equity (12 months) 41.1% · Top 25%
Return on assets −13.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 826.4% · Top 25%

Valuation Multiplesvs Asset Management median · lower = cheaper

P/B 1.00× · Pricier than median
P/S (12 months) 14.75× · Priciest 25%
Price / free cash flow 117.1× · Priciest 25%
EV/EBITDA 1.0× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)13 · sector 58
FUTURE (revenue growth)100 · sector 36
PAST (return on equity)100 · sector 24
HEALTH (low debt)100 · sector 96
DIVIDEND (yield)0 · sector 80

Context: sector, industry, market

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

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Exor N.V EXO €69.30 €138.60 +100% vs METRO
Apollo Global Management, Inc APO $118.56 $196.06 +65% vs METRO
Ameriprise Financial, Inc AMP $497.90 $589.99 +18% vs METRO
Ares Management Corporation ARES $127.47 $103.04 −19% vs METRO
State Street Corporation STT $173.75 $139.37 −20% vs METRO
Northern Trust Corporation NTRS $170.35 $123.42 −28% vs METRO
Blackstone Inc BX $116.70 $52.29 −55% vs METRO
Principal Financial Group PFG $111.98 $47.18 −58% vs METRO
Brookfield Corporation BN $37.95 $13.42 −65% vs METRO
KKR & Co KKR $95.82 $29.26 −69% vs METRO

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Metro Ticari ve Mali Yatirimlar Holding AS · Fair Value
6.21 TRY −15%Fair Value
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Cite: Fair Value Calculator (2026). "Metro Ticari ve Mali Yatirimlar Holding AS Fair Value". https://www.fairvalue-calculator.com/stock/METRO

Frequently asked questions

Is Metro Ticari ve Mali Yatirimlar Holding AS (METRO) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 6.21 TRY versus a price of 7.33 TRY, about −15% upside (overvalued).
What is the fair value of METRO?
Our model-based fair value for Metro Ticari ve Mali Yatirimlar Holding AS is 6.21 TRY (as of Oct 29, 2026), built from audited fundamentals. The current price: 7.33 TRY.
What is the quality score of METRO?
Metro Ticari ve Mali Yatirimlar Holding AS has a Quality Score of 69/100. 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 Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
Our model-based price target is the fair value of 6.21 TRY (as of Oct 29, 2026) from 2 valuation models. Cautious scenario 4.66 TRY, optimistic scenario 7.77 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Metro Ticari ve Mali Yatirimlar Holding AS stock forecast for 2026?
Our models put fair value at 6.21 TRY, about −15% upside versus a price of 7.33 TRY (overvalued). Cautious scenario 4.66 TRY, optimistic scenario 7.77 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
Metro Ticari ve Mali Yatirimlar Holding AS reported trailing-twelve-month revenue of about 262M TRY (latest available figure, as of Oct 29, 2026).
What growth is priced into Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
For today's price to be fair in a discounted-cash-flow model, Metro Ticari ve Mali Yatirimlar Holding AS would have to grow free cash flow by +68.7 % per year for five years (discount rate 18.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +37.5 % per year. As of Oct 29, 2026.
What discount rate (WACC) does the fair value of METRO use?
Our models discount Metro Ticari ve Mali Yatirimlar Holding AS at 18.1 %: a base by market capitalisation (micro), damped by beta 1.22, 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 Metro Ticari ve Mali Yatirimlar Holding AS that is +68.7 % per year a year over ten years, using the same discount rate (18.1 %) and the same formula as our fair value.
How much growth has Metro Ticari ve Mali Yatirimlar Holding AS (METRO) delivered so far?
Over the past 5 years revenue at Metro Ticari ve Mali Yatirimlar Holding AS grew +37.5 % a year. The price currently implies +68.7 % 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 Metro Ticari ve Mali Yatirimlar Holding AS (METRO) growing?
The median revenue growth in the sector is +7.7 % a year. That is the yardstick for the growth priced into Metro Ticari ve Mali Yatirimlar Holding AS (+68.7 % 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 Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
The free-cash-flow yield on the price is 0.85 %: that much free cash flow Metro Ticari ve Mali Yatirimlar Holding AS produces per unit of market value. When it exceeds the discount rate of our models (18.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Metro Ticari ve Mali Yatirimlar Holding AS it is 6.21 TRY per share (as of Oct 29, 2026), against a price of 7.33 TRY. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Metro Ticari ve Mali Yatirimlar Holding AS stock overvalued or undervalued in 2026?
As of Oct 29, 2026, METRO trades above its calculated fair value: price 7.33 TRY, fair value 6.21 TRY, a gap of about −15% (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 METRO?
No. The price is what the market pays today (7.33 TRY); the fair value is what the company's own numbers justify (6.21 TRY). For Metro Ticari ve Mali Yatirimlar Holding AS the two are 1.12 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Metro Ticari ve Mali Yatirimlar Holding AS worth?
The market values Metro Ticari ve Mali Yatirimlar Holding AS at about 3.9B TRY (market capitalisation, as of Oct 29, 2026). Per share that is 7.33 TRY; our models calculate a fair value of 6.21 TRY per share.
What do the bullish and bearish scenarios say about METRO?
Our models span a range for Metro Ticari ve Mali Yatirimlar Holding AS: cautious scenario 4.66 TRY, base 6.21 TRY, optimistic 7.77 TRY per share (as of Oct 29, 2026, price 7.33 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
Balance-sheet figures for Metro Ticari ve Mali Yatirimlar Holding AS (as of Oct 29, 2026): return on equity 41.1%. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is METRO from its 52-week high?
Metro Ticari ve Mali Yatirimlar Holding AS trades at 7.33 TRY, about 22% below its 52-week high of 9.38 TRY and 89% above the low of 3.87 TRY (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 6.21 TRY is for.
Which stocks are comparable to Metro Ticari ve Mali Yatirimlar Holding AS?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, 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 Metro Ticari ve Mali Yatirimlar Holding AS stock attractive at the current price?
The data as of Oct 29, 2026: price 7.33 TRY, calculated fair value 6.21 TRY (−15%), Quality Score 69/100, from 2 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 METRO calculated?
We run Metro Ticari ve Mali Yatirimlar Holding AS through 2 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 6.21 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. Metro Ticari ve Mali Yatirimlar Holding AS 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 Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
The closing price on Oct 28, 2026 was 7.33 TRY. Our model-based fair value is 6.21 TRY, about −15% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Metro Ticari ve Mali Yatirimlar Holding AS right now?
Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Metro Ticari ve Mali Yatirimlar Holding AS

How large is the market capitalisation of Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
The market capitalisation of Metro Ticari ve Mali Yatirimlar Holding AS is 3.9B TRY (≈ $77.4M). 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 Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
The price-to-sales ratio of Metro Ticari ve Mali Yatirimlar Holding AS is 14.8 (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 Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
Earnings per share at Metro Ticari ve Mali Yatirimlar Holding AS are −1.35 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
The return on equity (ROE) of Metro Ticari ve Mali Yatirimlar Holding AS is 41.1% (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 Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
On an EBIT basis the return on assets of Metro Ticari ve Mali Yatirimlar Holding AS is −0.2% (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 Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
The operating margin of Metro Ticari ve Mali Yatirimlar Holding AS is 12,960% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
Revenue at Metro Ticari ve Mali Yatirimlar Holding AS is growing +826% versus a year earlier. 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 Metro Ticari ve Mali Yatirimlar Holding AS (METRO)?
Earnings per share at Metro Ticari ve Mali Yatirimlar Holding AS are growing +768% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Metro Ticari ve Mali Yatirimlar Holding AS (METRO) carry?
The net debt of Metro Ticari ve Mali Yatirimlar Holding AS is 14.2M TRY (fiscal year 2018, ≈ 0.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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