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Seker Yatirim Menkul Degerler A.S. (SKYMD) Fair Value & Analysis

Financial Services · TR · Market cap 2.2B TRY

SY Seker Yatirim Menkul Degerler A.S. SKYMD · IS
Price14.18 TRY
Fair Value25.03 TRY
Upside+76.5%
Quality41/100
Expensive Growth
Loss-making · -0.2% net margin
negative free cash flow
Mixed vs. peers (3/7)
Narrow moat 17/100
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Evidence: Low Range 18.28 TRY – 31.79 TRY Share as image

Fair value as of: Aug 1, 2026

From 6 valuation models · updated today

Share price −9.6% over the past month.

What matters now

  • The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (18.28 TRY). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • 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)

17.71 TRY 11.23 TRY Fair Value 25.03 TRY Aug 2025 Jul 2026

12‑month range 11.23 TRY – 17.71 TRY · fair‑value band 18.28 TRY – 31.79 TRY · the 14.18 TRY price screens below the 25.03 TRY fair value. As of Aug 1, 2026.

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Analysis

Seker Yatirim Menkul Degerler A.S. (SKYMD) currently trades at 14.18 TRY, while our model-based Fair Value estimate is 25.03 TRY, implying the stock looks roughly 76.5% undervalued today. We read business quality at 41/100 (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: low), always confirm before acting.

Over the trailing twelve months, Seker Yatirim Menkul Degerler A.S. generated revenue of 49.8B TRY at a net margin of -0.2%. Revenue grew 28.6% year over year. It earns a return on equity of -10.8%. Net debt stands at 306M TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 18.28 TRY (bear case) to 31.79 TRY (bull case); at 14.18 TRY, the current price sits below that range. The share trades about 26% below its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 31% fair-value upside, at 77%, SKYMD screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 49.8B TRY
Revenue growth (YoY) +28.6%
Net margin -0.2%
Return on equity -10.8%
Free cash flow −79.3M TRY FY2026
Operating margin 0.4%
More key figures
EPS (TTM) -0.7600 TRY
Net debt 306M TRY FY2026

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

Quality Score breakdown

Overall quality 41/100
Profitability 35
Quality Growth 23
Cashflow 13
Fin. Strength 40
Investment 56
Low Volatility 66
Momentum 45
52W Momentum 30
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

Seker Yatirim Menkul Degerler A.S. engages in capital market business in Turkey. It offers equity trading, Seker Worldwide Exchanges and Electronic Trading, fixed income trading, corporate financing, research, asset management, investment advisory services, derivatives trading, and FX trading.

Full company description

Seker Yatirim Menkul Degerler A.S. engages in capital market business in Turkey. It offers equity trading, Seker Worldwide Exchanges and Electronic Trading, fixed income trading, corporate financing, research, asset management, investment advisory services, derivatives trading, and FX trading. The company was incorporated in 1996 and is based in Istanbul, Turkey. Seker Yatirim Menkul Degerler A.S. is a subsidiary of Sekerbank T.A.S.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Seker Yatirim Menkul Degerler A.S. reported revenue of 46.6B TRY in FY2026 versus 25.7B TRY in FY2022, a compound +16.0%/yr. Reported net income was −114M TRY in FY2026.

Revenue +16.0%/yr
FY22 25.7B TRY
FY23 55.1B TRY
FY24 57.3B TRY
FY25 54.0B TRY
FY26 46.6B TRY
Net income
FY22 18.7M TRY
FY23 −13.2M TRY
FY24 90.2M TRY
FY25 −69.7M TRY
FY26 −114M TRY

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Cite: Fair Value Calculator (2026). "Seker Yatirim Menkul Degerler A.S. Fair Value". https://www.fairvalue-calculator.com/stock/SKYMD

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 / 7
FUTURE 100 / 85
PAST 0 / 30
HEALTH 0 / 93
DIVIDEND 0 / 38

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 Capital Markets stocks, each showing price versus our Fair Value estimate (as of Aug 1, 2026).

Stock Price Fair Value vs Fair Value
The Goldman Sachs Group GS C$52.65 C$25.46 -52%
Mirae Asset Securities Co 006800 56,400 KRW 92,987 KRW +65%
Meritz Financial Group 138040 104,600 KRW 87,625 KRW -16%
Korea Investment Holdings 071050 221,000 KRW 442,000 KRW +100%
NH Investment & Securities Co 005940 31,000 KRW 37,133 KRW +20%
Samsung Securities Co 016360 112,200 KRW 146,629 KRW +31%
Motilal Oswal Financial Services Limited MOTILALOFS ₹841.00 ₹733.42 -13%
Kiwoom Securities Co 039490 364,000 KRW 728,000 KRW +100%
SSI Securities Corporation SSI 26,850 VND 28,021 VND +4%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 627.50 ARS +100%

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Frequently asked questions

Is Seker Yatirim Menkul Degerler A.S. (SKYMD) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 25.03 TRY versus a price of 14.18 TRY, about +77% (undervalued).
What is the fair value of SKYMD?
Our model-based fair value for Seker Yatirim Menkul Degerler A.S. is 25.03 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 14.18 TRY.
What is the quality score of SKYMD?
Seker Yatirim Menkul Degerler A.S. has a Quality Score of 41/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Seker Yatirim Menkul Degerler A.S. (SKYMD)?
Seker Yatirim Menkul Degerler A.S. reported trailing-twelve-month revenue of about 49.8B TRY (latest available figure, as of Aug 1, 2026).
What is the net profit margin of SKYMD?
The net profit margin of Seker Yatirim Menkul Degerler A.S. is about -0.2%, meaning it is currently running at a net loss. 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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