TGS Dis Ticaret AS (TGSAS) fair value: what the stock is really worth
We calculate from audited financials what TGS Dis Ticaret AS is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Watch TGS Dis Ticaret AS for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for free
TGS Dis Ticaret Anonim Sirketi provides intermediary services to exporting companies in Turkey. Its primary activity is to mediate the export activities of the manufacturers and to collect the value-added tax refunds on behalf of its customers due to their export transactions in the textile, mining, and other sectors.
Show more
TGS Dis Ticaret Anonim Sirketi provides intermediary services to exporting companies in Turkey. Its primary activity is to mediate the export activities of the manufacturers and to collect the value-added tax refunds on behalf of its customers due to their export transactions in the textile, mining, and other sectors. The company was incorporated in 1999 and is headquartered in Istanbul, Turkey.
Stock analysis
TGS Dis Ticaret AS (TGSAS) currently trades at 198.00 TRY, while our model-based Fair Value estimate is 97.19 TRY, implying the stock looks roughly 103.7% overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 275.89 TRY per share, and 4 of the 16 models we run sit above the 198.00 TRY price.
Bear case: the Asset-Based group reads lowest at 14.47 TRY, and 12 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: 72.90 TRY (bear) to 350.14 TRY (bull), the price of 198.00 TRY sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
TGS Dis Ticaret AS reported revenue of 236M TRY in FY2025 versus 26.9M TRY in FY2021, a compound +72.2%/yr. Reported net income was 90.4M TRY in FY2025, compounding +60.8%/yr from FY2021.
Key figures
Market cap 3.0B TRY (≈ $61.2M) · P/E ratio 55.2 · P/S ratio 21.1 · EPS (TTM) 3.59 TRY · Dividend yield 0.1% · Net margin 38.2% · Return on equity 18.0% · Return on assets (EBIT) 0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −33% fair-value upside, at −51%, TGSAS screens richer than that median.
Fair Value models
Bear 72.90 TRYFair Value 97.19 TRYBull 350.14 TRY
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (2.54 TRY per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+13.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+53.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+67.9%
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+36.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TRY (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+94.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+93.9%
Dividend (yield on the price)0.1%
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.56% → 45%
2025 sits 165% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Industrial Distribution · 110 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−58% · Bottom 25%
Profitability
Return on equity (TTM)18% · Top 25%
Return on assets0% · Bottom 25%
Net margin (TTM)23% · Top 25%
Operating margin (TTM)52% · Top 25%
Growth and dividend
Revenue growth6% · Above median
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Industrial Distribution median · lower = cheaper
P/E (TTM)55.2× · Priciest 25%
P/B8.67× · Priciest 25%
P/S (TTM)11.66× · Priciest 25%
EV/EBITDA26.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 39
FUTURE (revenue growth)32· sector 19
PAST (return on equity)72· sector 35
HEALTH (low debt)100· sector 91
DIVIDEND (yield)0· sector 37
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "TGS Dis Ticaret AS Fair Value". https://www.fairvalue-calculator.com/stock/TGSAS
Frequently asked questions
Is TGS Dis Ticaret AS (TGSAS) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 97.19 TRY versus a price of 198.00 TRY, about −51% upside (overvalued).
What is the fair value of TGSAS?
Our model-based fair value for TGS Dis Ticaret AS is 97.19 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 198.00 TRY.
What is the quality score of TGSAS?
TGS Dis Ticaret AS has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for TGS Dis Ticaret AS (TGSAS)?
Our model-based price target is the fair value of 97.19 TRY (as of Sep 13, 2026) from 16 valuation models. Cautious scenario 72.90 TRY, optimistic scenario 350.14 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the TGS Dis Ticaret AS stock forecast for 2026?
Our models put fair value at 97.19 TRY, about −51% upside versus a price of 198.00 TRY (overvalued). Cautious scenario 72.90 TRY, optimistic scenario 350.14 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of TGS Dis Ticaret AS (TGSAS)?
TGS Dis Ticaret AS reported trailing-twelve-month revenue of about 241M TRY (latest available figure, as of Sep 13, 2026).
Does TGS Dis Ticaret AS pay a dividend?
TGS Dis Ticaret AS currently shows a dividend yield of about 0.05% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of TGS Dis Ticaret AS (TGSAS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TGS Dis Ticaret AS it is 97.19 TRY per share (as of Sep 13, 2026), against a price of 198.00 TRY. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is TGS Dis Ticaret AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, TGSAS trades above its calculated fair value: price 198.00 TRY, fair value 97.19 TRY, a gap of about −51% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TGSAS?
No. The price is what the market pays today (198.00 TRY); the fair value is what the company's own numbers justify (97.19 TRY). For TGS Dis Ticaret AS the two are 100.81 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is TGS Dis Ticaret AS worth?
The market values TGS Dis Ticaret AS at about 3.0B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 198.00 TRY; our models calculate a fair value of 97.19 TRY per share.
What do the bullish and bearish scenarios say about TGSAS?
Our models span a range for TGS Dis Ticaret AS: cautious scenario 72.90 TRY, base 97.19 TRY, optimistic 350.14 TRY per share (as of Sep 13, 2026, price 198.00 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TGSAS?
TGS Dis Ticaret AS trades at a price-to-earnings ratio of 55.2 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 97.19 TRY is built from several models across several years. Other multiples: P/B 8.7, P/S 11.7, EV/EBITDA 26.8.
How solid is the balance sheet of TGS Dis Ticaret AS (TGSAS)?
Balance-sheet figures for TGS Dis Ticaret AS (as of Sep 13, 2026): return on equity 18.0%, debt of 0.00 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is TGSAS from its 52-week high?
TGS Dis Ticaret AS trades at 198.00 TRY, about 23% below its 52-week high of 256.50 TRY and 34% above the low of 147.60 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 97.19 TRY is for.
Which stocks are comparable to TGS Dis Ticaret AS?
From the same area (Industrials) we also value W.W. Grainger, Inc, Fastenal Company, Ferguson Enterprises Inc, WESCO International, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TGS Dis Ticaret AS stock attractive at the current price?
The data as of Sep 13, 2026: price 198.00 TRY, calculated fair value 97.19 TRY (−51%), Quality Score 52/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TGSAS calculated?
We run TGS Dis Ticaret AS through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 97.19 TRY, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.6 % above its aggregate fair value. TGS Dis Ticaret AS itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of TGS Dis Ticaret AS (TGSAS)?
The closing price on Sep 15, 2026 was 198.00 TRY. Our model-based fair value is 97.19 TRY, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TGS Dis Ticaret AS right now?
The model range is unusually wide (72.90 TRY to 350.14 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of TGS Dis Ticaret AS
How large is the market capitalisation of TGS Dis Ticaret AS (TGSAS)?
The market capitalisation of TGS Dis Ticaret AS is 3.0B TRY (≈ $61.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TGS Dis Ticaret AS (TGSAS)?
The price-to-sales ratio of TGS Dis Ticaret AS is 21.1 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TGS Dis Ticaret AS (TGSAS)?
Earnings per share at TGS Dis Ticaret AS are 3.59 TRY (price ÷ EPS = P/E 55.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TGS Dis Ticaret AS (TGSAS)?
The dividend yield of TGS Dis Ticaret AS is 0.1% (payout 2.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TGS Dis Ticaret AS (TGSAS)?
The net margin of TGS Dis Ticaret AS is 38.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of TGS Dis Ticaret AS (TGSAS)?
The return on equity (ROE) of TGS Dis Ticaret AS is 18.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of TGS Dis Ticaret AS (TGSAS)?
On an EBIT basis the return on assets of TGS Dis Ticaret AS is 0.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of TGS Dis Ticaret AS (TGSAS)?
The operating margin of TGS Dis Ticaret AS is 52.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TGS Dis Ticaret AS (TGSAS)?
Revenue at TGS Dis Ticaret AS is growing +6.3% versus a year earlier (3y avg +53.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at TGS Dis Ticaret AS (TGSAS)?
Earnings per share at TGS Dis Ticaret AS are growing −90.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TGS Dis Ticaret AS (TGSAS) generate?
The free cash flow of TGS Dis Ticaret AS is −24.3M TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does TGS Dis Ticaret AS (TGSAS) carry?
The net debt of TGS Dis Ticaret AS is 2.8M TRY (fiscal year 2018). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch TGS Dis Ticaret AS in the live analysis
One click puts TGS Dis Ticaret AS on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
