Haci Omer Sabanci Holding AS (SAHOL) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Haci Omer Sabanci Holding AS stock TRY 58.66, price TRY 83.25, upside -29.5%, quality 44 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 30, 2026.
How to read this chart
60‑month range 7.90 TRY – 110.82 TRY · fair‑value band 43.99 TRY – 73.32 TRY · the 83.25 TRY price screens above the 58.66 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.
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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.
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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.
Stock analysis
Haci Omer Sabanci Holding AS (SAHOL) currently trades at 83.25 TRY, while our model-based Fair Value estimate is 58.66 TRY, 29.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 100.26 TRY per share, and 3 of the 6 models we run sit above the 83.25 TRY price.
Bear case: the Dividend Discount group reads lowest at 20.30 TRY, and 3 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 43.99 TRY (bear) to 73.32 TRY (bull), the price of 83.25 TRY sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Haci Omer Sabanci Holding AS 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.
Key figures
Market cap 172B TRY (≈ $3.4B) Mid · P/E ratio 8.9 · P/S ratio 0.63 · EPS (TTM) 9.40 TRY · Net margin 7.3% · Return on equity 4.8% · Return on assets (EBIT) 2.0% · Operating margin 37.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −32% fair-value upside, at −30%, SAHOL screens cheaper than that median.
Fair Value models
Bear43.99 TRYFair Value 58.66 TRYBull73.32 TRY
Price 83.25 TRY · Upside -29.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (7.80 TRY per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+46.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+68.8%
Start year 2020 (pandemic). Over 10 years: +47.2% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−29.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−4.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.7%
Dividend (yield on the price)0.0%
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
Compare Haci Omer Sabanci Holding AS with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Banks - Regional · 1064 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Bottom 25%
Fair Value upside+27.6% · Top 25%
Profitability
Return on equity (12 months)4.8% · Bottom 25%
Return on assets0.2% · Bottom 25%
Net margin (12 months)14.7% · Bottom 25%
Operating margin (12 months)37.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)21.1% · Top 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.11× · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)8.9× · Cheapest 25%
P/B0.48× · Cheapest 25%
P/S (12 months)1.26× · Cheapest 25%
Price / free cash flow6.7× · Cheaper than median
PEG0.59× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 10
FUTURE (revenue growth)100· sector 48
PAST (return on equity)19· sector 42
HEALTH (low debt)94· sector 84
DIVIDEND (yield)0· sector 51
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Haci Omer Sabanci Holding AS Fair Value". https://www.fairvalue-calculator.com/stock/SAHOL
Frequently asked questions
Is Haci Omer Sabanci Holding AS (SAHOL) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of 58.66 TRY versus a price of 83.25 TRY, about −30% upside (overvalued).
What is the fair value of SAHOL?
Our model-based fair value for Haci Omer Sabanci Holding AS is 58.66 TRY (as of Oct 30, 2026), built from audited fundamentals. The current price: 83.25 TRY.
What is the quality score of SAHOL?
Haci Omer Sabanci Holding AS has a Quality Score of 44/100. 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 price target for Haci Omer Sabanci Holding AS (SAHOL)?
Our model-based price target is the fair value of 58.66 TRY (as of Oct 30, 2026) from 6 valuation models. Cautious scenario 43.99 TRY, optimistic scenario 73.32 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Haci Omer Sabanci Holding AS stock forecast for 2026?
Our models put fair value at 58.66 TRY, about −30% upside versus a price of 83.25 TRY (overvalued). Cautious scenario 43.99 TRY, optimistic scenario 73.32 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Haci Omer Sabanci Holding AS (SAHOL)?
Haci Omer Sabanci Holding AS reported trailing-twelve-month revenue of about 275B TRY (latest available figure, as of Oct 30, 2026).
What growth is priced into Haci Omer Sabanci Holding AS (SAHOL)?
For today's price to be fair in a discounted-cash-flow model, Haci Omer Sabanci Holding AS would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +68.8 % per year. As of Oct 30, 2026.
What discount rate (WACC) does the fair value of SAHOL use?
Our models discount Haci Omer Sabanci Holding AS at 12.7 %: a base by market capitalisation (mid), damped by beta 0.40, country premium for Turkey. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Haci Omer Sabanci Holding AS that is less than minus 40 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Haci Omer Sabanci Holding AS (SAHOL) delivered so far?
Over the past 5 years revenue at Haci Omer Sabanci Holding AS grew +68.8 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Haci Omer Sabanci Holding AS (SAHOL) growing?
The median revenue growth in the sector is +8.9 % a year. That is the yardstick for the growth priced into Haci Omer Sabanci Holding AS (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Haci Omer Sabanci Holding AS (SAHOL)?
The free-cash-flow yield on the price is 30.09 %: that much free cash flow Haci Omer Sabanci Holding AS produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Haci Omer Sabanci Holding AS (SAHOL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Haci Omer Sabanci Holding AS it is 58.66 TRY per share (as of Oct 30, 2026), against a price of 83.25 TRY. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Haci Omer Sabanci Holding AS stock overvalued or undervalued in 2026?
As of Oct 30, 2026, SAHOL trades above its calculated fair value: price 83.25 TRY, fair value 58.66 TRY, a gap of about −30% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SAHOL?
No. The price is what the market pays today (83.25 TRY); the fair value is what the company's own numbers justify (58.66 TRY). For Haci Omer Sabanci Holding AS the two are 24.59 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Haci Omer Sabanci Holding AS worth?
The market values Haci Omer Sabanci Holding AS at about 172B TRY (market capitalisation, as of Oct 30, 2026). Per share that is 83.25 TRY; our models calculate a fair value of 58.66 TRY per share.
What do the bullish and bearish scenarios say about SAHOL?
Our models span a range for Haci Omer Sabanci Holding AS: cautious scenario 43.99 TRY, base 58.66 TRY, optimistic 73.32 TRY per share (as of Oct 30, 2026, price 83.25 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SAHOL?
Haci Omer Sabanci Holding AS trades at a price-to-earnings ratio of 8.9 (as of Oct 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 58.66 TRY is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 5.0. Other multiples: PEG 0.6, P/B 0.5, P/S 1.3.
What is the PEG ratio of SAHOL?
The PEG ratio of Haci Omer Sabanci Holding AS is 0.59 (P/E divided by earnings growth, as of Oct 30, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Haci Omer Sabanci Holding AS (SAHOL)?
Balance-sheet figures for Haci Omer Sabanci Holding AS (as of Oct 30, 2026): return on equity 4.8%, debt of 0.11 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is SAHOL from its 52-week high?
Haci Omer Sabanci Holding AS trades at 83.25 TRY, about 25% below its 52-week high of 110.82 TRY and 12% above the low of 74.01 TRY (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 58.66 TRY is for.
Which stocks are comparable to Haci Omer Sabanci Holding AS?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Haci Omer Sabanci Holding AS stock attractive at the current price?
The data as of Oct 30, 2026: price 83.25 TRY, calculated fair value 58.66 TRY (−30%), Quality Score 44/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SAHOL calculated?
We run Haci Omer Sabanci Holding AS through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 58.66 TRY, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.1 % above its aggregate fair value. Haci Omer Sabanci Holding AS itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Haci Omer Sabanci Holding AS (SAHOL)?
The closing price on Oct 28, 2026 was 83.25 TRY. Our model-based fair value is 58.66 TRY, about −30% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Haci Omer Sabanci Holding AS right now?
The price sits above even our optimistic bull case (73.32 TRY). The favourable scenario is already priced in. Weak quality (44/100) 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.
Key figures of Haci Omer Sabanci Holding AS
How large is the market capitalisation of Haci Omer Sabanci Holding AS (SAHOL)?
The market capitalisation of Haci Omer Sabanci Holding AS is 172B TRY (≈ $3.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Haci Omer Sabanci Holding AS (SAHOL)?
The price-to-sales ratio of Haci Omer Sabanci Holding AS is 0.63 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Haci Omer Sabanci Holding AS (SAHOL)?
Earnings per share at Haci Omer Sabanci Holding AS are 9.40 TRY (price ÷ EPS = P/E 8.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Haci Omer Sabanci Holding AS (SAHOL)?
The net margin of Haci Omer Sabanci Holding AS is 7.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Haci Omer Sabanci Holding AS (SAHOL)?
The return on equity (ROE) of Haci Omer Sabanci Holding AS is 4.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Haci Omer Sabanci Holding AS (SAHOL)?
On an EBIT basis the return on assets of Haci Omer Sabanci Holding AS is 2.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Haci Omer Sabanci Holding AS (SAHOL)?
The operating margin of Haci Omer Sabanci Holding AS is 37.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Haci Omer Sabanci Holding AS (SAHOL)?
Revenue at Haci Omer Sabanci Holding AS is growing +21.1% versus a year earlier (3y avg +46.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Haci Omer Sabanci Holding AS (SAHOL)?
Earnings per share at Haci Omer Sabanci Holding AS are growing +512% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Haci Omer Sabanci Holding AS (SAHOL) carry?
The net debt of Haci Omer Sabanci Holding AS is 9.4B TRY (fiscal year 2020, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 30, 2026