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OYAK Yatirim Ortakligi AS (OYAYO) Fair Value & Analysis

Financial Services · TR · Market cap 865M TRY (≈ $17.9M) · ISIN TREOYAY00018

OY OYAK Yatirim Ortakligi AS OYAYO · IS
Price43.24 TRY
Fair Value4.54 TRY
Upside-89.5%
Quality63/100
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Strengths

generates free cash flow

Risks

!Trades 852% ABOVE our fair value of 4.54 TRY
!Mixed Growth (revenue 3y +30.7 %/yr)
!Thin margins · 2.4% net margin
!Trails peers (5/13)
Mixed Growth (revenue 3y +30.7 %/yr)
Thin margins · 2.4% net margin
generates free cash flow
Trails peers (5/13)
Moderate moat 50/100
Evidence: High Range 4.54 TRY – 5.33 TRY Share as image

Fair value as of: Aug 31, 2026

From 10 valuation models · updated today

Fair value updated Aug 31, 2026, revised from 4.58 TRY to 4.54 TRY (−0.9%) since Aug 13, 2026. Share price −4.6% over the past month.

A solid business, but trading 852% above our fair value.

What runs behind every stock

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

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What matters now

  • The price sits above even our optimistic bull case (5.33 TRY). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

68.40 TRY 5.66 TRY Fair Value 4.54 TRY Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.

How to read this chart

60‑month range 5.66 TRY – 68.40 TRY · fair‑value band 4.54 TRY – 5.33 TRY · the 43.24 TRY price screens above the 4.54 TRY fair value. Dashed = 300-day average. As of Aug 31, 2026.

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Analysis

OYAK Yatirim Ortakligi AS (OYAYO) currently trades at 43.24 TRY, while our model-based Fair Value estimate is 4.54 TRY, implying the stock looks roughly 89.5% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Financial Services 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, OYAK Yatirim Ortakligi AS generated revenue of 418M TRY at a net margin of 2.4%. Revenue declined 64.8% year over year. It earns a return on equity of 7.3%. The stock trades on a trailing P/E of 84.8. Fundamentals as of Aug 31, 2026

Our scenario range runs from 4.54 TRY (bear case) to 5.33 TRY (bull case); at 43.24 TRY, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high and 37% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -28% fair-value upside, at -90%, OYAYO screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Residual Income best evidence 5.44 TRY 5.29 TRY 4.47 TRY 74
Growth DCF 20.16 TRY 32.22 TRY 51.18 TRY 72
5Y P/E Exit 11.48 TRY 16.99 TRY 23.79 TRY 66
All 10 models by family
DCF Models
5Y P/E Exit 11.48 TRY 16.99 TRY 23.79 TRY 66
10Y P/E Exit 14.83 TRY 22.21 TRY 32.76 TRY 59
Earnings-Based
Graham-Dodd 2.23 TRY 15.56 TRY 21.84 TRY 61
Lynch FV 8.04 TRY 11.49 TRY 14.93 TRY 59
Multiples
P/E Multiple 3.20 TRY 4.27 TRY 5.33 TRY 63
P/B Multiple 4.18 TRY 5.58 TRY 6.97 TRY 55
Asset-Based
NCAV (Graham) 3.86 TRY 5.17 TRY 7.71 TRY 51
Growth DCF
Growth DCF 20.16 TRY 32.22 TRY 51.18 TRY 72
Rev-Margin DCF 26.64 TRY 46.15 TRY 86.83 TRY 64
Economic Profit
Residual Income best evidence 5.44 TRY 5.29 TRY 4.47 TRY 74

Widest divergence: Growth DCF (32.22 TRY) versus Multiples (4.27 TRY). Highest evidence: Residual Income (74).

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Key figures & financial health

P/E ratio 84.8
P/S ratio 1.03 P/E × margin
EPS (TTM) 0.5100 TRY price ÷ EPS = P/E 84.8
Net margin 1.2% FY2025
Return on equity 7.3% TTM
Return on assets (EBIT) 31.3% avg 5y
More key figures
Profitability
Operating margin 14.1% TTM
Growth
Revenue (TTM) 418M TRY TTM
Revenue growth (YoY) -64.8% 3y avg +30.7%
EPS growth (YoY) -88.0%
Balance sheet & cash flow
Free cash flow 26.0M TRY FY2025

Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 66 · Market factors (momentum, volatility) 37

Profitability 49
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Oyak Yatirim Ortakligi AS is a publicly owned investment manager. It provides Institutional and investors. It manages various pension funds for its clients. It also manages equity, fixed income and money market funds. It invests in capital market instruments and precious metals that are trading in domestic and international markets.

Full company description

Oyak Yatirim Ortakligi AS is a publicly owned investment manager. It provides Institutional and investors. It manages various pension funds for its clients. It also manages equity, fixed income and money market funds. It invests in capital market instruments and precious metals that are trading in domestic and international markets. Oyak Yatirim Ortakligi AS is based in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

OYAK Yatirim Ortakligi AS reported revenue of 540M TRY in FY2025 versus 90.6M TRY in FY2021, a compound +56.3%/yr. Reported net income was 6.6M TRY in FY2025, compounding +1.5%/yr from FY2021.

Growth Quality 71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
540M TRY
Latest YoY
−1.1%
Avg. revenue growth/yr (3Y) 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.
+30.7%
Avg. revenue growth/yr (18Y) 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.
+1.0%
Value creation/yr (5Y, in TRY) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+1.8% (1.8 + 0.0)
Revenue +56.3%/yr
FY21 90.6M TRY
FY22 242M TRY
FY23 593M TRY
FY24 546M TRY
FY25 540M TRY
Net income +1.5%/yr
FY21 6.2M TRY
FY22 27.5M TRY
FY23 −23.9M TRY
FY24 −13.1M TRY
FY25 6.6M TRY

OYAYO screens 852% overvalued. Compare with Blackstone Inc →

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Cite: Fair Value Calculator (2026). "OYAK Yatirim Ortakligi AS Fair Value". https://www.fairvalue-calculator.com/stock/OYAYO

Peer Group

Asset Management · 724 stocks

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.

Quality Score 63 · Above median
Fair Value upside −90% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 22% · Top 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) 14% · Below median
Revenue growth -65% · Bottom 25%
Dividend yield (TTM) 1.2% · Bottom 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 84.8× · Pricier than 75% of peers
P/B 5.61× · Pricier than 75% of peers
P/S (TTM) 2.07× · Cheaper than median
P/FCF 0.7× · Cheaper than 75% of peers
EV/EBITDA 15.9× · Pricier than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 37
FUTURE0 · sector 14
PAST29 · sector 22
HEALTH0 · sector 96
DIVIDEND24 · sector 77

VALUE 0: the price sits above our fair-value range.

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 (as of Aug 31, 2026).

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $142.39 $52.88 -63%
Investor AB INVEB kr 417.20 kr 824.66 +98%
Brookfield Corporation BN C$58.60 C$7.74 -87%
KKR & Co KKR $108.68 $19.97 -82%
Apollo Global Management, Inc APO $135.04 $101.04 -25%
State Street Corporation STT $193.33 $138.33 -28%
Ameriprise Financial, Inc AMP $559.32 $515.24 -8%
Ares Management Corporation ARES $143.10 $30.88 -78%
Northern Trust Corporation NTRS $186.79 $122.02 -35%
Raymond James Financial, Inc RJF $176.69 $142.42 -19%

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Frequently asked questions

Is OYAK Yatirim Ortakligi AS (OYAYO) overvalued or undervalued?
As of Aug 31, 2026, our model estimates a fair value of 4.54 TRY versus a price of 43.24 TRY, about −90% (overvalued).
What is the fair value of OYAYO?
Our model-based fair value for OYAK Yatirim Ortakligi AS is 4.54 TRY (as of Aug 31, 2026), built from audited fundamentals. The current price: 43.24 TRY.
What is the quality score of OYAYO?
OYAK Yatirim Ortakligi AS has a Quality Score of 63/100. 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 revenue of OYAK Yatirim Ortakligi AS (OYAYO)?
OYAK Yatirim Ortakligi AS reported trailing-twelve-month revenue of about 418M TRY (latest available figure, as of Aug 31, 2026).
What is the net profit margin of OYAYO?
The net profit margin of OYAK Yatirim Ortakligi AS is about 2.4%, meaning it keeps roughly 2.4% of revenue as net income. 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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