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Otokar Otomotiv ve Savunma Sanayi A.S., (OTKAR) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 36.5B TRY

OO Otokar Otomotiv ve Savunma Sanayi A.S., OTKAR · IS
Price305.00 TRY
Fair Value200.08 TRY
Upside-34.4%
Quality29/100
Mixed Growth
Loss-making · -4.8% net margin
High debt · generates free cash flow
Trails peers (2/12)
Narrow moat 3/100
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Evidence: High Range 40.02 TRY – 365.68 TRY Share as image

Fair value as of: Aug 1, 2026

From 15 valuation models · updated today

Share price −16.0% over the past month.

What matters now

  • Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (40.02 TRY to 365.68 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (12 months)

575.00 TRY 302.75 TRY Fair Value 200.08 TRY Aug 2025 Jul 2026

12‑month range 302.75 TRY – 575.00 TRY · fair‑value band 40.02 TRY – 365.68 TRY · the 305.00 TRY price screens above the 200.08 TRY fair value. As of Aug 1, 2026.

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Analysis

Otokar Otomotiv ve Savunma Sanayi A.S., (OTKAR) currently trades at 305.00 TRY, while our model-based Fair Value estimate is 200.08 TRY, implying the stock looks roughly 34.4% overvalued today. We read business quality at 29/100 (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).

Over the trailing twelve months, Otokar Otomotiv ve Savunma Sanayi A.S., generated revenue of 51.1B TRY at a net margin of -4.8%. Revenue declined 8.3% year over year. It earns a return on equity of -30.2%. Net debt stands at 27.7B TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 40.02 TRY (bear case) to 365.68 TRY (bull case); at 305.00 TRY, the current price sits within that range. The share trades about 48% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -15% fair-value upside, at -34%, OTKAR screens richer than that median.

Key figures & financial health

Revenue (TTM) 51.1B TRY
Revenue growth (YoY) -8.3%
Net margin -4.8%
Return on equity -30.2%
Free cash flow 528M TRY FY2025
Operating margin -22.2%
More key figures
EPS (TTM) -20.44 TRY
EPS growth (YoY) +3.0%
Net debt 27.7B TRY FY2025

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

Quality Score breakdown

Overall quality 29/100
Profitability 19
Quality Growth 72
Cashflow 18
Fin. Strength 11
Investment 26
Low Volatility 74
Momentum 10
52W Momentum 1
Net Issuance 82

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

Otokar Otomotiv ve Savunma Sanayi A.S., together with its subsidiaries, manufactures and sells commercial and defense industry vehicles in Turkey. It offers light trucks, wheeled and tracked armored vehicles, and turrets for the defense industry.

Full company description

Otokar Otomotiv ve Savunma Sanayi A.S., together with its subsidiaries, manufactures and sells commercial and defense industry vehicles in Turkey. It offers light trucks, wheeled and tracked armored vehicles, and turrets for the defense industry. The company also provides pick-up type vehicles; minibuses, small buses, and regular buses for public transportation; wheeled and tracked armored vehicles; shuttle transportation; tactical wheeled vehicles, and turrets. The company was incorporated in 1963 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Otokar Otomotiv ve Savunma Sanayi A.S., reported revenue of 52.0B TRL in FY2025 versus 4.5B TRL in FY2021, a compound +84.2%/yr. Reported net income was −1.5B TRL in FY2025.

Revenue +84.2%/yr
FY21 4.5B TRL
FY22 9.6B TRL
FY23 27.2B TRL
FY24 44.1B TRL
FY25 52.0B TRL
Net income
FY21 1.0B TRL
FY22 1.2B TRL
FY23 2.0B TRL
FY24 −4.1B TRL
FY25 −1.5B TRL

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Cite: Fair Value Calculator (2026). "Otokar Otomotiv ve Savunma Sanayi A.S., Fair Value". https://www.fairvalue-calculator.com/stock/OTKAR

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 / 22
FUTURE 0 / 33
PAST 0 / 15
HEALTH 15 / 94
DIVIDEND 0 / 44

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.

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

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General Motors Company GMCO34 R$101.50 R$64.16 -37%
Ferrari N.V 2FE €306.15 €182.27 -40%
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Frequently asked questions

Is Otokar Otomotiv ve Savunma Sanayi A.S., (OTKAR) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 200.08 TRY versus a price of 305.00 TRY, about −34% (overvalued).
What is the fair value of OTKAR?
Our model-based fair value for Otokar Otomotiv ve Savunma Sanayi A.S., is 200.08 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 305.00 TRY.
What is the quality score of OTKAR?
Otokar Otomotiv ve Savunma Sanayi A.S., has a Quality Score of 29/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Otokar Otomotiv ve Savunma Sanayi A.S., (OTKAR)?
Otokar Otomotiv ve Savunma Sanayi A.S., reported trailing-twelve-month revenue of about 51.1B TRY (latest available figure, as of Aug 1, 2026).
What is the net profit margin of OTKAR?
The net profit margin of Otokar Otomotiv ve Savunma Sanayi A.S., is about -4.8%, 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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