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Trend Gayrimenkul Yatirim Ortakligi A.S. (TDGYO) Fair Value & Analysis

Real Estate · TR · Market cap 1.1B TRY

TG Trend Gayrimenkul Yatirim Ortakligi A.S. TDGYO · IS
Price16.58 TRY
Fair Value3.26 TRY
Upside-80.3%
Quality52/100
Weak Growth
Low debt · generates free cash flow
Mixed vs. peers (5/11)
Narrow moat 37/100
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Evidence: High Range 2.79 TRY – 3.26 TRY Share as image

Fair value as of: Aug 1, 2026

From 18 valuation models · updated today

Share price +0.1% over the past month.

What matters now

  • The price sits above even our optimistic bull case (3.26 TRY). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (12 months)

41.74 TRY 13.23 TRY Fair Value 3.26 TRY Aug 2025 Jul 2026

12‑month range 13.23 TRY – 41.74 TRY · fair‑value band 2.79 TRY – 3.26 TRY · the 16.58 TRY price screens above the 3.26 TRY fair value. As of Aug 1, 2026.

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Analysis

Trend Gayrimenkul Yatirim Ortakligi A.S. (TDGYO) currently trades at 16.58 TRY, while our model-based Fair Value estimate is 3.26 TRY, implying the stock looks roughly 80.3% overvalued today. We read business quality at 52/100 (solid quality), in the Real Estate 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).

Trailing-twelve-month revenue stands at 3.4M TRY. Revenue declined 89.4% year over year. It earns a return on equity of 32.5%. Net debt stands at 9.1M TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 2.79 TRY (bear case) to 3.26 TRY (bull case); at 16.58 TRY, the current price sits above that range. The share trades about 61% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 42% fair-value upside, at -80%, TDGYO screens richer than that median.

Key figures & financial health

Revenue (TTM) 3.4M TRY
Revenue growth (YoY) -89.4%
Net margin 4,223%
Return on equity 32.5%
Free cash flow 38.0M TRY FY2025
P/E ratio 85.6
More key figures
Operating margin -112%
EPS (TTM) 0.1900 TRY
EPS growth (YoY) +2,468%
Net debt 9.1M TRY FY2020

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

Quality Score breakdown

Overall quality 52/100
Profitability 34
Quality Growth 60
Cashflow 100
Fin. Strength 68
Investment 24
Low Volatility 53
Momentum 25
52W Momentum 26
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

Trend Gayrimenkul Yatirim Ortakligi A.S. is a real estate investment manager engages in the real estate business in Turkey. It develops and constructs various real estate projects, such as houses, hotels, residence, and university buildings.

Full company description

Trend Gayrimenkul Yatirim Ortakligi A.S. is a real estate investment manager engages in the real estate business in Turkey. It develops and constructs various real estate projects, such as houses, hotels, residence, and university buildings. The company was formerly known as Anda Gayrimenkul Gelistirme ve Insaat Sanayi Ticaret Limited Sirketi and changed its name to Trend Gayrimenkul Yatirim Ortakligi A.S. in November 2017. Trend Gayrimenkul Yatirim Ortakligi A.S. was founded in 2006 and is based in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Trend Gayrimenkul Yatirim Ortakligi A.S. reported revenue of 26.8M TRY in FY2025 versus 40.6M TRY in FY2021, a compound −9.9%/yr. Reported net income was 13.1M TRY in FY2025, compounding −17.1%/yr from FY2021.

Revenue −9.9%/yr
FY21 40.6M TRY
FY22 87.6M TRY
FY23 129M TRY
FY24 80.0M TRY
FY25 26.8M TRY
Net income −17.1%/yr
FY21 27.7M TRY
FY22 55.8M TRY
FY23 −118M TRY
FY24 −8.3M TRY
FY25 13.1M TRY

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Cite: Fair Value Calculator (2026). "Trend Gayrimenkul Yatirim Ortakligi A.S. Fair Value". https://www.fairvalue-calculator.com/stock/TDGYO

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 / 41
FUTURE 0 / 27
PAST 100 / 16
HEALTH 100 / 75
DIVIDEND 0 / 42

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 Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 1, 2026).

Stock Price Fair Value vs Fair Value
Mitsubishi Estate Co MITEY $24.70 $13.49 -45%
Mitsui Fudosan Co MTSFF $9.20 $13.56 +47%
Henderson Land Development Company HLDVF $3.23 $1.27 -61%
Swiss Prime Site AG SPSN CHF 131.60 CHF 44.83 -66%
Central Pattana Public Company CPN 65.00 THB 105.00 THB +62%
SM Prime Holdings SPHXF $0.2801 $0.6700 +139%
Prestige Estates Projects Limited PRESTIGE ₹1,381 ₹972.98 -30%
The Phoenix Mills Limited PHOENIXLTD ₹1,766 ₹583.22 -67%
Fastighets AB BALDF $5.42 $8.19 +51%
NEPI Rockcastle N.V NRP €7.33 €10.42 +42%

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Frequently asked questions

Is Trend Gayrimenkul Yatirim Ortakligi A.S. (TDGYO) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 3.26 TRY versus a price of 16.58 TRY, about −80% (overvalued).
What is the fair value of TDGYO?
Our model-based fair value for Trend Gayrimenkul Yatirim Ortakligi A.S. is 3.26 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 16.58 TRY.
What is the quality score of TDGYO?
Trend Gayrimenkul Yatirim Ortakligi A.S. has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Trend Gayrimenkul Yatirim Ortakligi A.S. (TDGYO)?
Trend Gayrimenkul Yatirim Ortakligi A.S. reported trailing-twelve-month revenue of about 3.4M TRY (latest available figure, as of Aug 1, 2026).

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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