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QNB Finansal Kiralama A.S. (QNBFK) Fair Value & Analysis

Financial Services · TR · Market cap 108B TRY

QF QNB Finansal Kiralama A.S. QNBFK · IS
Price49.20 TRY
Fair Value14.63 TRY
Upside-70.3%
Quality46/100
Expensive Growth
Highly profitable · 63.8% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (5/11)
Wide moat 87/100
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Evidence: Medium Range 10.97 TRY – 18.29 TRY Share as image

Fair value as of: Aug 1, 2026

From 13 valuation models · updated today

Share price +13.3% over the past month.

What matters now

  • The price sits above even our optimistic bull case (18.29 TRY). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) 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.

Price vs Fair Value (12 months)

81.80 TRY 35.90 TRY Fair Value 14.63 TRY Aug 2025 Jul 2026

12‑month range 35.90 TRY – 81.80 TRY · fair‑value band 10.97 TRY – 18.29 TRY · the 49.20 TRY price screens above the 14.63 TRY fair value. As of Aug 1, 2026.

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Analysis

QNB Finansal Kiralama A.S. (QNBFK) currently trades at 49.20 TRY, while our model-based Fair Value estimate is 14.63 TRY, implying the stock looks roughly 70.3% overvalued today. We read business quality at 46/100 (below-average 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: medium).

Over the trailing twelve months, QNB Finansal Kiralama A.S. generated revenue of 3.2B TRY at a net margin of 63.8%. Revenue grew 64.0% year over year. It earns a return on equity of 32.9%. Net debt stands at 41.5B TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 10.97 TRY (bear case) to 18.29 TRY (bull case); at 49.20 TRY, the current price sits above that range. The share trades about 54% 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 -20% fair-value upside, at -70%, QNBFK screens richer than that median.

Key figures & financial health

Revenue (TTM) 3.2B TRY
Revenue growth (YoY) +64.0%
Net margin 63.8%
Return on equity 32.9%
Free cash flow −11.0B TRY FY2025
P/E ratio 55.2
More key figures
Operating margin 86.2%
EPS (TTM) 0.8100 TRY
EPS growth (YoY) +48.3%
Net debt 41.5B TRY FY2025

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

Quality Score breakdown

Overall quality 46/100
Profitability 48
Quality Growth 67
Cashflow 33
Fin. Strength 25
Investment 33
Low Volatility 50
Momentum 36
52W Momentum 10
Net Issuance 80

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

QNB Finansal Kiralama A.S. provides financial leasing services in Turkey and internationally. It offers finance leasing services for business and construction machinery, metalworking machines, real estate, energy and energy efficiency equipment, medical devices and equipment, yacht/boat, agricultural machinery, audio and video systems, elevators and …

Full company description

QNB Finansal Kiralama A.S. provides financial leasing services in Turkey and internationally. It offers finance leasing services for business and construction machinery, metalworking machines, real estate, energy and energy efficiency equipment, medical devices and equipment, yacht/boat, agricultural machinery, audio and video systems, elevators and escalators, power transmission and distribution systems, passenger cars, aircraft, special purpose vehicles, printing machines, textile machinery, commercial vehicles, heating and cooling equipment, furniture equipment, production machinery, and technological equipment. The company was formerly known as QNB Finans Finansal Kiralama AS and changed its name to QNB Finansal Kiralama A.S. in October 2024. The company was incorporated in 1990 and is headquartered in Istanbul, Turkey. QNB Finansal Kiralama A.S. is a subsidiary of QNB Bank A.S.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

QNB Finansal Kiralama A.S. reported revenue of 6.7B TRY in FY2025 versus 856M TRY in FY2021, a compound +67.3%/yr. Reported net income was 1.8B TRY in FY2025, compounding +73.6%/yr from FY2021.

Revenue +67.3%/yr
FY21 856M TRY
FY22 1.5B TRY
FY23 3.2B TRY
FY24 5.3B TRY
FY25 6.7B TRY
Net income +73.6%/yr
FY21 202M TRY
FY22 402M TRY
FY23 824M TRY
FY24 1.2B TRY
FY25 1.8B TRY

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Cite: Fair Value Calculator (2026). "QNB Finansal Kiralama A.S. Fair Value". https://www.fairvalue-calculator.com/stock/QNBFK

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 / 35
FUTURE 100 / 39
PAST 100 / 31
HEALTH 40 / 58
DIVIDEND 0 / 51

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.

Similar stocks

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

Stock Price Fair Value vs Fair Value
Visa Inc 3V64 €287.50 €226.82 -21%
Mastercard Incorporated M4I €424.30 €242.93 -43%
American Express Company AXPB34 R$173.50 R$21.95 -87%
Capital One Financial Corporation COF 3,151 MXN 2,512 MXN -20%
Bajaj Finance Limited BAJFINANCE ₹884.10 ₹604.72 -32%
PayPal Holdings PYPL 720.50 MXN 1,155 MXN +60%
Shriram Finance Limited SHRIRAMFIN ₹897.35 ₹769.17 -14%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,503 ₹1,340 -11%
Tata Capital Limited TATACAP ₹321.30 ₹125.28 -61%
Power Finance Corporation PFC ₹431.30 ₹616.44 +43%

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Frequently asked questions

Is QNB Finansal Kiralama A.S. (QNBFK) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 14.63 TRY versus a price of 49.20 TRY, about −70% (overvalued).
What is the fair value of QNBFK?
Our model-based fair value for QNB Finansal Kiralama A.S. is 14.63 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 49.20 TRY.
What is the quality score of QNBFK?
QNB Finansal Kiralama A.S. has a Quality Score of 46/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of QNB Finansal Kiralama A.S. (QNBFK)?
QNB Finansal Kiralama A.S. reported trailing-twelve-month revenue of about 3.2B TRY (latest available figure, as of Aug 1, 2026).
What is the net profit margin of QNBFK?
The net profit margin of QNB Finansal Kiralama A.S. is about 63.8%, meaning it keeps roughly 63.8% 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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