Smartiks Yazilim AS (SMART) Fair Value & Analysis
Technology · TR · Market cap 744M TRY (≈ $15.4M) · ISIN TRESMRT00018
What is Smartiks Yazilim AS really worth?
Below-average quality, and trading another 244% above our fair value of 6.61 TRY.
As of Aug 27, 2026, the fair value of Smartiks Yazilim AS is 6.61 TRY per share against a price of 22.72 TRY, so the fair value sits 71% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
Fair value as of: Aug 27, 2026
From 15 valuation models · updated 10 days ago
Share price −3.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (10.72 TRY). The favourable scenario is already priced in.
- Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range (5.16 TRY to 10.72 TRY) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range 4.35 TRY – 66.80 TRY · fair‑value band 5.16 TRY – 10.72 TRY · the 22.72 TRY price screens above the 6.61 TRY fair value. Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Smartiks Yazilim AS (SMART) currently trades at 22.72 TRY, while our model-based Fair Value estimate is 6.61 TRY, implying the stock looks roughly 243.8% overvalued today. The Quality Score stands at 29/100 (below-average quality), in the Technology sector. Bull case: the Multiples group reads highest at a median of 6.61 TRY per share, and 9 of the 15 models we run sit above the 22.72 TRY price. Bear case: the Dividend Discount group reads lowest at 4.04 TRY, and 6 of the 15 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Smartiks Yazilim AS generated revenue of 168M TRY at a net margin of −25.3%. Revenue declined 47.7% year over year. It earns a return on equity of −10.2%. Net debt stands at 82.6M TRY. Fundamentals as of Aug 27, 2026
Our scenario range runs from 5.16 TRY (bear case) to 10.72 TRY (bull case); at 22.72 TRY, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 47% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −32% fair-value upside, at −71%, SMART screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 15 models by family
Widest divergence: DCF Models (213.91 TRY) versus Dividend Discount (4.04 TRY). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 14
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Smartiks Yazilim A.S. provides business solutions, software development, and consultancy services in Türkiye. It offers data security, outsourcing, analysis and process management, data science, data warehouse, customer relationship management, human resources, and software development services Smartiks Yazilim A.S.
Full company description
Smartiks Yazilim A.S. provides business solutions, software development, and consultancy services in Türkiye. It offers data security, outsourcing, analysis and process management, data science, data warehouse, customer relationship management, human resources, and software development services Smartiks Yazilim A.S. was founded in 2006 and is based in Istanbul, Türkiye.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Smartiks Yazilim AS reported revenue of 200M TRY in FY2025 versus 36.4M TRY in FY2021, a compound +53.2%/yr. Reported net income was −20.4M TRY in FY2025.
SMART screens 244% overvalued. Compare with Microsoft Corporation →
Peer Group
Software - Infrastructure · 368 stocks
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.
Valuation Multiples vs Software - Infrastructure median · lower = cheaper
Strength profile in five axes (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: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $480.35 | $365.74 | −24% |
| Oracle Corporation ORCL | $151.94 | $117.84 | −22% |
| Fortinet, Inc FTNT | $166.00 | $61.46 | −63% |
| Synopsys, Inc SNPS | $442.61 | $101.19 | −77% |
| Block, Inc XYZ | A$111.01 | A$70.69 | −36% |
| CoreWeave, Inc CRWV | $105.26 | $71.79 | −32% |
| NetApp, Inc NTAP | $190.64 | $154.83 | −19% |
| Adyen N.V ADYEN | €1,007 | €707.53 | −30% |
| MongoDB, Inc MDB | $440.58 | $93.91 | −79% |
| Okta, Inc OKTA | $166.23 | $30.50 | −82% |
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