Sekerbank T.A.S. (SKBNK) Fair Value & Analysis

Financial Services · TR · Market cap 17.4B TRY

What matters now

• The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain.
• The price is below even our cautious bear case (10.45 TRY). The market is more pessimistic than our downside scenario.
• 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)

12‑month range 5.71 TRY – 19.63 TRY · fair‑value band 10.45 TRY – 17.43 TRY · the 6.97 TRY price screens below the 13.94 TRY fair value. As of Aug 1, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

Sekerbank T.A.S. (SKBNK) currently trades at 6.97 TRY, while our model-based Fair Value estimate is 13.94 TRY, implying the stock looks roughly 100.0% undervalued today. We read business quality at 38/100 (below-average quality), in the Financial Services 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: medium), always confirm before acting.

Over the trailing twelve months, Sekerbank T.A.S. generated revenue of 17.0B TRY at a net margin of 16.0%. Revenue grew 43.0% year over year. It earns a return on equity of 14.1%. Net debt stands at 88.6M TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 10.45 TRY (bear case) to 17.43 TRY (bull case); at 6.97 TRY, the current price sits below that range. The share trades about 65% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 100%, SKBNK screens cheaper than that median.

Key figures & financial health

Quality Score breakdown

About the company

Sekerbank T.A.S. provides agricultural, business, SME, corporate, and retail banking services in Turkey and internationally. It operates through Corporate/Commercial, SME, Retail, Treasury/Investment, and Other segments.

Full company description

Sekerbank T.A.S. provides agricultural, business, SME, corporate, and retail banking services in Turkey and internationally. It operates through Corporate/Commercial, SME, Retail, Treasury/Investment, and Other segments. The company offers personal loans, ECOcredit, vehicle and home loans, and completing accounts; and credit and individual bank cards, and cash advance. It also provides deposit products, including term and demand deposits; investment products, such as investment accounts, FX trading platforms, repo transactions, treasury bill/government bonds, Eurobonds, gold transactions, stocks, private sector debt instruments, foreign stock exchanges, investment funds, derivative products, and electronic product certificates; gold deposit products; retirement and private banking; home, business, vehicle, health and personal accident, liability, cargo, engineering, agricultural, credit and refundable life, and other insurance products; and card and diamond card campaigns. In addition, the company offers agricultural business and investment loans, as well as family farming; TMO and harvest cards; Harvest POS; small business, enterprise, and SME loans; member merchant/POS; and cash management services. In addition, the company offers financial inclusion and women's banking; corporate loans, including cash and non-cash loans, project financing, financing production, and e-invoice financing; foreign trade and financing; business, commercial debit, visa business, and bonus business cards; and sectoral support and collaboration products. Further, it provides digital banking services, including internet, mobile, open, ATM, and telephone banking; money transfer; digital POS slips; and buying and selling transactions, brokerage, custody, and consultancy services. The company was formerly known as Pancar Kooperatifleri Bankasi A.S. and changed its name to Sekerbank T.A.S. in 1956. Sekerbank T.A.S. was incorporated in 1953 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sekerbank T.A.S. reported revenue of 16.2B TRL in FY2025 versus 2.6B TRL in FY2021, a compound +57.3%/yr. Reported net income was 2.7B TRL in FY2025, compounding +59.7%/yr from FY2021.

Is SKBNK fairly valued? → Check now

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

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

Explore undervalued stocks

More undervalued Financial Services stocks →

Frequently asked questions

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.