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Ozak Gayrimenkul Yatirim Ortakligi A.S. (OZKGY) Fair Value & Analysis

Real Estate · TR · Market cap 18.4B TRY

OG Ozak Gayrimenkul Yatirim Ortakligi A.S. OZKGY · IS
Price12.69 TRY
Fair Value7.79 TRY
Upside-38.6%
Quality31/100
Expensive Growth
Loss-making · -6.5% net margin
Low debt · negative free cash flow
1.62% dividend yield
Trails peers (2/10)
Narrow moat 4/100
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Evidence: Medium Range 5.56 TRY – 10.02 TRY Share as image

Fair value as of: Aug 1, 2026

From 8 valuation models · updated today

Share price −15.9% over the past month.

What matters now

  • The price sits above even our optimistic bull case (10.02 TRY). The favourable scenario is already priced in.
  • Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (5.56 TRY to 10.02 TRY) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (12 months)

16.03 TRY 11.90 TRY Fair Value 7.79 TRY Aug 2025 Jul 2026

12‑month range 11.90 TRY – 16.03 TRY · fair‑value band 5.56 TRY – 10.02 TRY · the 12.69 TRY price screens above the 7.79 TRY fair value. As of Aug 1, 2026.

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Analysis

Ozak Gayrimenkul Yatirim Ortakligi A.S. (OZKGY) currently trades at 12.69 TRY, while our model-based Fair Value estimate is 7.79 TRY, implying the stock looks roughly 38.6% overvalued today. We read business quality at 31/100 (below-average quality), in the Real Estate 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: medium).

Over the trailing twelve months, Ozak Gayrimenkul Yatirim Ortakligi A.S. generated revenue of 6.1B TRY at a net margin of -6.5%. Revenue declined 29.2% year over year. It earns a return on equity of -0.6%. Net debt stands at 1.6B TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 5.56 TRY (bear case) to 10.02 TRY (bull case); at 12.69 TRY, the current price sits above that range. The share trades about 22% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 22% fair-value upside, at -39%, OZKGY screens richer than that median.

Key figures & financial health

Revenue (TTM) 6.1B TRY
Revenue growth (YoY) -29.2%
Net margin -6.5%
Return on equity -0.6%
Free cash flow −2.0B TRY FY2025
Operating margin -19.9%
More key figures
EPS (TTM) -0.2700 TRY
Dividend yield 1.6%
EPS growth (YoY) -42.9%
Net debt 1.6B TRY FY2023

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

Quality Score breakdown

Overall quality 31/100
Profitability 7
Quality Growth 26
Cashflow 33
Fin. Strength 56
Investment 26
Low Volatility 77
Momentum 39
52W Momentum 27
Net Issuance 40

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

Ozak Gayrimenkul Yatirim Ortakligi A.S. is a real estate investment trust. It invests in the real estate markets of Turkey. Ozak Gayrimenkul Yatirim Ortakligi A.S. was founded in 2008 and is based in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ozak Gayrimenkul Yatirim Ortakligi A.S. reported revenue of 6.4B TRY in FY2025 versus 1.5B TRY in FY2021, a compound +44.4%/yr. Reported net income was −219M TRY in FY2025.

Revenue +44.4%/yr
FY21 1.5B TRY
FY22 3.3B TRY
FY23 3.1B TRY
FY24 7.4B TRY
FY25 6.4B TRY
Net income
FY21 2.5B TRY
FY22 8.3B TRY
FY23 4.2B TRY
FY24 2.3B TRY
FY25 −219M TRY

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Cite: Fair Value Calculator (2026). "Ozak Gayrimenkul Yatirim Ortakligi A.S. Fair Value". https://www.fairvalue-calculator.com/stock/OZKGY

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 / 12
FUTURE 0 / 13
PAST 0 / 20
HEALTH 100 / 71
DIVIDEND 32 / 97

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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Frequently asked questions

Is Ozak Gayrimenkul Yatirim Ortakligi A.S. (OZKGY) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 7.79 TRY versus a price of 12.69 TRY, about −39% (overvalued).
What is the fair value of OZKGY?
Our model-based fair value for Ozak Gayrimenkul Yatirim Ortakligi A.S. is 7.79 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 12.69 TRY.
What is the quality score of OZKGY?
Ozak Gayrimenkul Yatirim Ortakligi A.S. has a Quality Score of 31/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ozak Gayrimenkul Yatirim Ortakligi A.S. (OZKGY)?
Ozak Gayrimenkul Yatirim Ortakligi A.S. reported trailing-twelve-month revenue of about 6.1B TRY (latest available figure, as of Aug 1, 2026).
What is the net profit margin of OZKGY?
The net profit margin of Ozak Gayrimenkul Yatirim Ortakligi A.S. is about -6.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Ozak Gayrimenkul Yatirim Ortakligi A.S. pay a dividend?
Ozak Gayrimenkul Yatirim Ortakligi A.S. currently shows a dividend yield of about 1.62% relative to its recent price (as of Aug 1, 2026).

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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