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Ronesans Gayrimenkul Yatirim A.S., (RGYAS) Fair Value & Analysis

Real Estate · TR · Market cap 66.2B TRY

RG Ronesans Gayrimenkul Yatirim A.S., RGYAS · IS
Price200.40 TRY
Fair Value329.17 TRY
Upside+64.3%
Quality64/100
Mixed Growth
Highly profitable · 134.2% net margin
Low debt · generates free cash flow
0.82% dividend yield
Ranks above peers (11/14)
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Evidence: High Range 226.61 TRY – 431.73 TRY Share as image

Fair value as of: Aug 1, 2026

From 26 valuation models · updated today

Share price +4.5% over the past month.

What matters now

  • The price is below even our cautious bear case (226.61 TRY). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (226.61 TRY to 431.73 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)

207.60 TRY 134.50 TRY Fair Value 329.17 TRY Aug 2025 Jul 2026

12‑month range 134.50 TRY – 207.60 TRY · fair‑value band 226.61 TRY – 431.73 TRY · the 200.40 TRY price screens below the 329.17 TRY fair value. As of Aug 1, 2026.

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Analysis

Ronesans Gayrimenkul Yatirim A.S., (RGYAS) currently trades at 200.40 TRY, while our model-based Fair Value estimate is 329.17 TRY, implying the stock looks roughly 64.3% undervalued today. We read business quality at 64/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Trailing-twelve-month revenue stands at 13.8B TRY. Revenue grew 34.5% year over year. It earns a return on equity of 14.9%. Net debt stands at 26.8B TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 226.61 TRY (bear case) to 431.73 TRY (bull case); at 200.40 TRY, the current price sits below that range. The share trades about 5% below its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 85% fair-value upside, at 64%, RGYAS screens richer than that median.

Key figures & financial health

Revenue (TTM) 13.8B TRY
Revenue growth (YoY) +34.5%
Net margin 134%
Return on equity 14.9%
Free cash flow 5.5B TRY FY2025
P/E ratio 3.6
More key figures
Operating margin 71.3%
EPS (TTM) 55.90 TRY
Dividend yield 0.8%
EPS growth (YoY) +366%
Net debt 26.8B TRY FY2025

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

Quality Score breakdown

Overall quality 64/100
Profitability 43
Quality Growth 62
Cashflow 75
Fin. Strength 53
Investment 33
Low Volatility 65
Momentum 72
52W Momentum 85
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

Ronesans Gayrimenkul Yatirim A.S., together with its subsidiaries, operates as the commercial real estate development and investment company in Türkiye. The company develops and manages shopping malls, office buildings, and other commercial real estate projects, as well as residential properties.

Full company description

Ronesans Gayrimenkul Yatirim A.S., together with its subsidiaries, operates as the commercial real estate development and investment company in Türkiye. The company develops and manages shopping malls, office buildings, and other commercial real estate projects, as well as residential properties. It also provides management and consulting and asset management services, as well as rents investment properties. Ronesans Gayrimenkul Yatirim A.S. was founded in 2006 and is headquartered in Ankara, Turkey. Ronesans Gayrimenkul Yatirim A.S. operates as a subsidiary of Ronesans Varlik ve Proje Yatirimlari A.S.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ronesans Gayrimenkul Yatirim A.S., reported revenue of 12.6B TRY in FY2025 versus 3.3B TRY in FY2021, a compound +39.8%/yr. Reported net income was 16.3B TRY in FY2025.

Revenue +39.8%/yr
FY21 3.3B TRY
FY22 4.2B TRY
FY23 7.2B TRY
FY24 10.8B TRY
FY25 12.6B TRY
Net income
FY21 −2.0B TRY
FY22 14.6B TRY
FY23 26.4B TRY
FY24 6.1B TRY
FY25 16.3B TRY

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Cite: Fair Value Calculator (2026). "Ronesans Gayrimenkul Yatirim A.S., Fair Value". https://www.fairvalue-calculator.com/stock/RGYAS

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 100 / 53
FUTURE 100 / 0
PAST 60 / 9
HEALTH 89 / 85
DIVIDEND 16 / 39

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 1, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 146,800 VND 367,000 VND +150%
DLF Limited DLF ₹577.70 ₹263.02 -54%
Lodha Developers Limited LODHA ₹862.00 ₹721.45 -16%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,325 IDR 1,330 IDR -79%
Oberoi Realty Limited OBEROIRLTY ₹1,633 ₹1,368 -16%
Godrej Properties Limited GODREJPROP ₹1,799 ₹1,034 -43%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 2,000 IDR +85%
PT Bumi Serpong Damai Tbk, BSDE 565.00 IDR 1,334 IDR +136%
PT Sentul City Tbk, BKSL 64.00 IDR 160.00 IDR +150%
PT Ciputra Development Tbk, CTRA 550.00 IDR 1,375 IDR +150%

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Frequently asked questions

Is Ronesans Gayrimenkul Yatirim A.S., (RGYAS) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 329.17 TRY versus a price of 200.40 TRY, about +64% (undervalued).
What is the fair value of RGYAS?
Our model-based fair value for Ronesans Gayrimenkul Yatirim A.S., is 329.17 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 200.40 TRY.
What is the quality score of RGYAS?
Ronesans Gayrimenkul Yatirim A.S., has a Quality Score of 64/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ronesans Gayrimenkul Yatirim A.S., (RGYAS)?
Ronesans Gayrimenkul Yatirim A.S., reported trailing-twelve-month revenue of about 13.8B TRY (latest available figure, as of Aug 1, 2026).
What is the net profit margin of RGYAS?
The net profit margin of Ronesans Gayrimenkul Yatirim A.S., is about 134.2%, meaning it keeps roughly 134.2% of revenue as net income. Based on the latest reported figures.
Does Ronesans Gayrimenkul Yatirim A.S., pay a dividend?
Ronesans Gayrimenkul Yatirim A.S., currently shows a dividend yield of about 0.82% 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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