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Tat Gida Sanayi A.S., (TATGD) Fair Value & Analysis

Consumer Defensive · TR · Market cap 4.4B TRY

TG Tat Gida Sanayi A.S., TATGD · IS
Price17.86 TRY
Fair Value10.70 TRY
Upside-40.1%
Quality47/100
Mixed Growth
Thin margins · 4.3% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Narrow moat 32/100
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Evidence: High Range 9.07 TRY – 11.47 TRY Share as image

Fair value as of: Aug 1, 2026

From 26 valuation models · updated today

Share price −9.3% over the past month.

What matters now

  • The price sits above even our optimistic bull case (11.47 TRY). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (12 months)

23.00 TRY 11.75 TRY Fair Value 10.70 TRY Aug 2025 Jul 2026

12‑month range 11.75 TRY – 23.00 TRY · fair‑value band 9.07 TRY – 11.47 TRY · the 17.86 TRY price screens above the 10.70 TRY fair value. As of Aug 1, 2026.

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Analysis

Tat Gida Sanayi A.S., (TATGD) currently trades at 17.86 TRY, while our model-based Fair Value estimate is 10.70 TRY, implying the stock looks roughly 40.1% overvalued today. We read business quality at 47/100 (below-average quality), in the Consumer Defensive 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: high).

Over the trailing twelve months, Tat Gida Sanayi A.S., generated revenue of 8.2B TRY at a net margin of 4.3%. Revenue grew 2.4% year over year. It earns a return on equity of 6.4%. Net debt stands at 3.6B TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 9.07 TRY (bear case) to 11.47 TRY (bull case); at 17.86 TRY, the current price sits above that range. The share trades about 23% below its 52-week high and 53% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 1% fair-value upside, at -40%, TATGD screens richer than that median.

Key figures & financial health

Revenue (TTM) 8.2B TRY
Revenue growth (YoY) +2.4%
Net margin 4.3%
Return on equity 6.4%
Free cash flow 1.1B TRY FY2025
P/E ratio 12.4
More key figures
Operating margin 7.1%
EPS (TTM) 1.44 TRY
EPS growth (YoY) -44.5%
Net debt 3.6B TRY FY2025

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

Quality Score breakdown

Overall quality 47/100
Profitability 28
Quality Growth 66
Cashflow 73
Fin. Strength 29
Investment 30
Low Volatility 68
Momentum 65
52W Momentum 62
Net Issuance 23

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

Tat Gida Sanayi A.S., together with its subsidiaries, manufactures and sells tomato products in Turkey and internationally. The company offers tomato paste, ketchup sauces, convenience food, pickles, canned food, and ready meals.

Full company description

Tat Gida Sanayi A.S., together with its subsidiaries, manufactures and sells tomato products in Turkey and internationally. The company offers tomato paste, ketchup sauces, convenience food, pickles, canned food, and ready meals. It also engages in the production, distribution, marketing, trading, and brokerage of commercial goods; food; beverages; agricultural and animal food products in frozen, dried, and powdered forms; raw materials; auxiliary and additive materials; sugary and sugar-free juices and preserves; and semi-finished and finished products. The company exports its products. The company was formerly known as Tat Konserve Sanayii AS. and changed its name to Tat Gida Sanayi A.S. in November 2013. Tat Gida Sanayi A.S. was founded 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

Tat Gida Sanayi A.S., reported revenue of 8.2B TRL in FY2025 versus 1.1B TRL in FY2021, a compound +65.5%/yr. Reported net income was 132M TRL in FY2025, compounding −12.3%/yr from FY2021.

Revenue +65.5%/yr
FY21 1.1B TRL
FY22 2.8B TRL
FY23 8.3B TRL
FY24 8.3B TRL
FY25 8.2B TRL
Net income −12.3%/yr
FY21 223M TRL
FY22 295M TRL
FY23 −125M TRL
FY24 −531M TRL
FY25 132M TRL

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Cite: Fair Value Calculator (2026). "Tat Gida Sanayi A.S., Fair Value". https://www.fairvalue-calculator.com/stock/TATGD

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 / 25
FUTURE 12 / 20
PAST 26 / 27
HEALTH 90 / 96
DIVIDEND 0 / 46

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

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Nestlé India Limited NESTLEIND ₹1,438 ₹362.37 -75%
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Britannia Industries Limited BRITANNIA ₹5,171 ₹1,966 -62%
Tata Consumer Products Limited TATACONSUM ₹1,104 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,600 IDR 14,500 IDR +120%
PT Indofood Sukses Makmur Tbk INDF 6,250 IDR 22,853 IDR +266%
Samyang Foods Co 003230 1,000,000 KRW 1,010,543 KRW +1%
Patanjali Foods Limited PATANJALI ₹419.60 ₹156.15 -63%
Vietnam Dairy Products Joint Stock Company VNM 58,900 VND 70,912 VND +20%
PT Mayora Indah Tbk, MYOR 1,650 IDR 2,175 IDR +32%

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Frequently asked questions

Is Tat Gida Sanayi A.S., (TATGD) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 10.70 TRY versus a price of 17.86 TRY, about −40% (overvalued).
What is the fair value of TATGD?
Our model-based fair value for Tat Gida Sanayi A.S., is 10.70 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 17.86 TRY.
What is the quality score of TATGD?
Tat Gida Sanayi A.S., has a Quality Score of 47/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Tat Gida Sanayi A.S., (TATGD)?
Tat Gida Sanayi A.S., reported trailing-twelve-month revenue of about 8.2B TRY (latest available figure, as of Aug 1, 2026).
What is the net profit margin of TATGD?
The net profit margin of Tat Gida Sanayi A.S., is about 4.3%, meaning it keeps roughly 4.3% 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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