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Haci Ömer Sabanci Holding (SAHOL) Fair Value & Analysis

Financial Services · TR · Market cap 175B TRY

Haci Ömer Sabanci Holding SAHOL · IS
Price84.50 TRY
Fair Value23.85 TRY
Upside-71.8%
Quality41/100
Mixed Growth
Thin margins · 3.1% net margin
Low debt · generates free cash flow
Trails peers (5/14)
Narrow moat 42/100
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Evidence: Medium Range 17.89 TRY – 29.81 TRY Share as image

Fair value as of: Aug 1, 2026

From 23 valuation models · updated today

Share price −13.9% over the past month.

What matters now

  • The price sits above even our optimistic bull case (29.81 TRY). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • 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)

110.82 TRY 74.01 TRY Fair Value 23.85 TRY Aug 2025 Jul 2026

12‑month range 74.01 TRY – 110.82 TRY · fair‑value band 17.89 TRY – 29.81 TRY · the 84.50 TRY price screens above the 23.85 TRY fair value. As of Aug 1, 2026.

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Analysis

Haci Ömer Sabanci Holding (SAHOL) currently trades at 84.50 TRY, while our model-based Fair Value estimate is 23.85 TRY, implying the stock looks roughly 71.8% overvalued today. We read business quality at 41/100 (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, Haci Ömer Sabanci Holding generated revenue of 260B TRY at a net margin of 3.1%. Revenue grew 7.4% year over year. It earns a return on equity of 2.4%. Net debt stands at 9.4B TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 17.89 TRY (bear case) to 29.81 TRY (bull case); at 84.50 TRY, the current price sits above that range. The share trades about 25% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 36% fair-value upside, at -72%, SAHOL screens richer than that median.

Key figures & financial health

Revenue (TTM) 260B TRY
Revenue growth (YoY) +7.4%
Net margin 3.1%
Return on equity 2.4%
Free cash flow 51.8B TRY FY2025
P/E ratio 21.8
More key figures
Operating margin 28.4%
EPS (TTM) 3.87 TRY
EPS growth (YoY) +58.9%
Net debt 9.4B TRY FY2020

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

Quality Score breakdown

Overall quality 41/100
Profitability 11
Quality Growth 41
Cashflow 63
Fin. Strength 54
Investment 25
Low Volatility 78
Momentum 28
52W Momentum 25
Net Issuance 77

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

Haci Ömer Sabanci Holding A.S., together with its subsidiaries, engages in the management and coordination of companies in the finance, manufacturing, and trade sectors in Turkey and internationally. The company operates through six segments: Banking, Financial Services, Energy, Material Technologies, Digital, and Others.

Full company description

Haci Ömer Sabanci Holding A.S., together with its subsidiaries, engages in the management and coordination of companies in the finance, manufacturing, and trade sectors in Turkey and internationally. The company operates through six segments: Banking, Financial Services, Energy, Material Technologies, Digital, and Others. It offers corporate, retail, investment, private, and digital banking services, as well as payment systems, insurance products, and private pension plans; and generates, distributes, and digitalizes electricity from wind, solar, hydroelectric, and other renewable energy sources. The company also provides alternative fuels, building materials, and white cement, as well as mobility solutions and tire reinforcement services; and engages in digital marketing technologies and services, cloud and technology services, and digital transformation products. In addition, it is involved in the trading of various products; after-sales, service, and spare parts activities for passenger and commercial vehicles; retailing of consumer electronics, imaging, information technology, telecommunications products, and home appliances; and operation of hotel chains. The company was incorporated in 1967 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Haci Ömer Sabanci Holding reported revenue of 532B TRL in FY2025 versus 61.4B TRL in FY2021, a compound +71.6%/yr. Reported net income was 3.8B TRL in FY2025, compounding −25.1%/yr from FY2021.

Revenue +71.6%/yr
FY21 61.4B TRL
FY22 170B TRL
FY23 523B TRL
FY24 543B TRL
FY25 532B TRL
Net income −25.1%/yr
FY21 12.0B TRL
FY22 43.8B TRL
FY23 22.3B TRL
FY24 −20.3B TRL
FY25 3.8B TRL

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Cite: Fair Value Calculator (2026). "Haci Ömer Sabanci Holding Fair Value". https://www.fairvalue-calculator.com/stock/SAHOL

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 / 39
FUTURE 37 / 44
PAST 10 / 40
HEALTH 94 / 84
DIVIDEND 0 / 49

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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 1, 2026).

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Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
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Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 179.00 CLP 92.69 CLP -48%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 61,700 VND 63,824 VND +3%

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Frequently asked questions

Is Haci Ömer Sabanci Holding (SAHOL) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 23.85 TRY versus a price of 84.50 TRY, about −72% (overvalued).
What is the fair value of SAHOL?
Our model-based fair value for Haci Ömer Sabanci Holding is 23.85 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 84.50 TRY.
What is the quality score of SAHOL?
Haci Ömer Sabanci Holding has a Quality Score of 41/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Haci Ömer Sabanci Holding (SAHOL)?
Haci Ömer Sabanci Holding reported trailing-twelve-month revenue of about 260B TRY (latest available figure, as of Aug 1, 2026).
What is the net profit margin of SAHOL?
The net profit margin of Haci Ömer Sabanci Holding is about 3.1%, meaning it keeps roughly 3.1% 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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