Netas Telekomünikasyon A.S. (NETAS) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Netas Telekomünikasyon A.S. TRY 37.33, price TRY 79.00, upside -52.8%, quality 41 out of 100. 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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 15.08 TRY – 107.30 TRY · fair‑value band 19.79 TRY – 54.86 TRY · the 79.00 TRY price screens above the 37.33 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Netas Telekomünikasyon A.S. provides end-to-end information and communication technology infrastructures to service providers and institutions in Turkey and internationally. It operates through four segments: Telecom, System Integration, Technology, and BDH.
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Netas Telekomünikasyon A.S. provides end-to-end information and communication technology infrastructures to service providers and institutions in Turkey and internationally. It operates through four segments: Telecom, System Integration, Technology, and BDH. The company offers internet of things, service management, event management and ticket sales, energy management, water meter and meter reading management, load performance test, device farm, BDD based test automation, and high security media platform. It also provides various solutions, including cyber security, data center, localized, mobile broadband, corporate, public, international markets, telecommunication, and strategic communication solutions; and managed services, cyber security operation center, Netas network operation center, and informatics support services. The company was founded in 1967 and is headquartered in Istanbul, Turkey.
Stock analysis
Netas Telekomünikasyon A.S. (NETAS) currently trades at 79.00 TRY, while our model-based Fair Value estimate is 37.33 TRY, implying the stock looks roughly 111.6% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 20.45 TRY per share, and 0 of the 5 models we run sit above the 79.00 TRY price.
Bear case: the Earnings-Based group reads lowest at 3.99 TRY, and 5 of the 5 models stay below the price. Evidence for this calculation is low.
Scenario range: 19.79 TRY (bear) to 54.86 TRY (bull), the price of 79.00 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 41/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Netas Telekomünikasyon A.S. reported revenue of 12.0B TRL in FY2025 versus 2.3B TRL in FY2021, a compound +51.3%/yr. Reported net income was −350M TRL in FY2025.
Key figures
Market cap 5.1B TRY (≈ $105M) · P/S ratio 0.30 · EPS (TTM) −5.39 TRY · Net margin −2.9% · Return on equity −2,083% · Return on assets (EBIT) −2.1% · Operating margin 2.3% · Revenue (TTM) 13.3B 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 26% below its 52-week high and 47% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −53%, NETAS screens cheaper than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (3.99 TRY to 67.07 TRY). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 19.79 TRYFair Value 37.33 TRYBull 54.86 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.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.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+31.1%
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.
+44.2%
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.
+47.3%
Start year 2020 (pandemic). Over 10 years: +28.1% a year
Revenue growth 25 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.
−31.4%
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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.
1.1% (2020) → 0.5% (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
Compare Netas Telekomünikasyon A.S. with another stock
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.Communication Equipment · 314 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−52.7% · Below median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets1.0% · Below median
Net margin (TTM)−2.6% · Below median
Operating margin (TTM)2.3% · Below median
Growth and dividend
Revenue growth61.6% · Top 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
EV/EBITDA1.5× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 34
PAST (return on equity)0· sector 15
HEALTH (low debt)0· sector 98
DIVIDEND (yield)0· sector 23
VALUE 0: the price sits above our fair-value range.
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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 Netas Telekomünikasyon A.S. (NETAS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 37.33 TRY versus a price of 79.00 TRY, about −53% upside (overvalued).
What is the fair value of NETAS?
Our model-based fair value for Netas Telekomünikasyon A.S. is 37.33 TRY (as of Sep 24, 2026), built from audited fundamentals. The current price: 79.00 TRY.
What is the quality score of NETAS?
Netas Telekomünikasyon A.S. has a Quality Score of 41/100. 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 Netas Telekomünikasyon A.S. (NETAS)?
Our model-based price target is the fair value of 37.33 TRY (as of Sep 24, 2026) from 5 valuation models. Cautious scenario 19.79 TRY, optimistic scenario 54.86 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Netas Telekomünikasyon A.S. stock forecast for 2026?
Our models put fair value at 37.33 TRY, about −53% upside versus a price of 79.00 TRY (overvalued). Cautious scenario 19.79 TRY, optimistic scenario 54.86 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Netas Telekomünikasyon A.S. (NETAS)?
Netas Telekomünikasyon A.S. reported trailing-twelve-month revenue of about 13.3B TRY (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Netas Telekomünikasyon A.S. (NETAS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Netas Telekomünikasyon A.S. it is 37.33 TRY per share (as of Sep 24, 2026), against a price of 79.00 TRY. It is the blended result of 5 valuation models (cash flow, earnings, asset, dividend).
Is Netas Telekomünikasyon A.S. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NETAS trades above its calculated fair value: price 79.00 TRY, fair value 37.33 TRY, a gap of about −53% (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 NETAS?
No. The price is what the market pays today (79.00 TRY); the fair value is what the company's own numbers justify (37.33 TRY). For Netas Telekomünikasyon A.S. the two are 41.67 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Netas Telekomünikasyon A.S. worth?
The market values Netas Telekomünikasyon A.S. at about 5.1B TRY (market capitalisation, as of Sep 24, 2026). Per share that is 79.00 TRY; our models calculate a fair value of 37.33 TRY per share.
What do the bullish and bearish scenarios say about NETAS?
Our models span a range for Netas Telekomünikasyon A.S.: cautious scenario 19.79 TRY, base 37.33 TRY, optimistic 54.86 TRY per share (as of Sep 24, 2026, price 79.00 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Netas Telekomünikasyon A.S. (NETAS)?
Balance-sheet figures for Netas Telekomünikasyon A.S. (as of Sep 24, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is NETAS from its 52-week high?
Netas Telekomünikasyon A.S. trades at 79.00 TRY, about 26% below its 52-week high of 107.30 TRY and 47% above the low of 53.80 TRY (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of 37.33 TRY is for.
Which stocks are comparable to Netas Telekomünikasyon A.S.?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Eoptolink Technology 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 Netas Telekomünikasyon A.S. stock attractive at the current price?
The data as of Sep 24, 2026: price 79.00 TRY, calculated fair value 37.33 TRY (−53%), Quality Score 41/100, from 5 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 NETAS calculated?
We run Netas Telekomünikasyon A.S. through 5 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 37.33 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. Netas Telekomünikasyon 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 Netas Telekomünikasyon A.S. (NETAS)?
The closing price on Sep 25, 2026 was 79.00 TRY. Our model-based fair value is 37.33 TRY, about −53% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Netas Telekomünikasyon A.S. right now?
The price sits above even our optimistic bull case (54.86 TRY). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (19.79 TRY to 54.86 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 Netas Telekomünikasyon A.S.
How large is the market capitalisation of Netas Telekomünikasyon A.S. (NETAS)?
The market capitalisation of Netas Telekomünikasyon A.S. is 5.1B TRY (≈ $105M). 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 Netas Telekomünikasyon A.S. (NETAS)?
The price-to-sales ratio of Netas Telekomünikasyon A.S. is 0.30 (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 Netas Telekomünikasyon A.S. (NETAS)?
Earnings per share at Netas Telekomünikasyon A.S. are −5.39 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Netas Telekomünikasyon A.S. (NETAS)?
The net margin of Netas Telekomünikasyon A.S. is −2.9% (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 Netas Telekomünikasyon A.S. (NETAS)?
The return on equity (ROE) of Netas Telekomünikasyon A.S. is −2,083% (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 Netas Telekomünikasyon A.S. (NETAS)?
On an EBIT basis the return on assets of Netas Telekomünikasyon A.S. is −2.1% (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 Netas Telekomünikasyon A.S. (NETAS)?
The operating margin of Netas Telekomünikasyon A.S. is 2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Netas Telekomünikasyon A.S. (NETAS)?
Revenue at Netas Telekomünikasyon A.S. is growing +61.6% versus a year earlier (3y avg +44.2%). 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 Netas Telekomünikasyon A.S. (NETAS)?
Earnings per share at Netas Telekomünikasyon A.S. are growing +469% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Netas Telekomünikasyon A.S. (NETAS) generate?
The free cash flow of Netas Telekomünikasyon A.S. is −96.2M TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Netas Telekomünikasyon A.S. (NETAS) carry?
The net debt of Netas Telekomünikasyon A.S. is 2.1B TRY (fiscal year 2025). 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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