OBASE Fair Value & Analysis

Technology · TR · Market cap 1.8B TRY

What matters now

• The price sits above even our optimistic bull case (6.59 TRY). The favourable scenario is already priced in.
• Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (12 months)

12‑month range 30.84 TRY – 48.40 TRY · fair‑value band 4.61 TRY – 6.59 TRY · the 40.40 TRY price screens above the 6.59 TRY fair value. As of Aug 1, 2026.

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Analysis

OBASE (OBASE) currently trades at 40.40 TRY, while our model-based Fair Value estimate is 6.59 TRY, implying the stock looks roughly 83.7% overvalued today. We read business quality at 42/100 (below-average quality), in the Technology 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).

Over the trailing twelve months, OBASE generated revenue of 836M TRY at a net margin of 0.9%. Revenue declined 7.9% year over year. It earns a return on equity of 1.1%. Net debt stands at 108M TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 4.61 TRY (bear case) to 6.59 TRY (bull case); at 40.40 TRY, the current price sits above that range. The share trades about 23% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -28% fair-value upside, at -84%, OBASE screens richer than that median.

Key figures & financial health

Quality Score breakdown

About the company

Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret A.S., a software development company, engages in the software and consulting businesses in Turkey and internationally.

Full company description

Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret A.S., a software development company, engages in the software and consulting businesses in Turkey and internationally. The company offers retail ERP and BI solutions, store and warehouse management, e-transformation, retail BI, price and discount optimization, wofkforce planning, portfolio management, smart shelf management; e-commerce solutions, such as E-Commerce Management, E-Commerce Mobile Picking, Smartfind Search Engine, and Ecommerce BI solutions; and CRM Suites comprising customer and loyalty management, CRM analytics, customer data platform, mobile personal data sharing, and dynamics 365 CRM. It also provides supply chain solutions, including demand forecasting and planning, smart inventory management, supply chain Bi, smart order management, stock allocation and distribution management, blockchain; B2B suites, such as B2B, PIM, Master Data Management and GS1, pharma WH portal, and meal delivery system; Price suites comprising Price Management; and other solutions, including Shelfforce Management applications. In addition, the company offers Corpsearch, an advanced report and dashboard search solution, that provides easy access to the repository across the entire Microstrategy platform. Further, it provides Obase Corpwatch, a data-driven management platform for telecom c-level solution; and data analytics solutions. Additionally, the company offers consulting, project management, training and support, solutions integration, software development, and quality assurance and test automation services. The company was incorporated in 1995 and is based in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

OBASE reported revenue of 856M TRY in FY2025 versus 105M TRY in FY2021, a compound +69.1%/yr. Reported net income was 6.6M TRY in FY2025, compounding −22.0%/yr from FY2021.

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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.

Values & ESG

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

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

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.