Trabzon Liman Isletmeciligi Anonim Sirketi (TLMAN) Fair Value & Analysis
Industrials · TR · Market cap 1.6B TRY
Fair value as of: Aug 2, 2026
From 23 valuation models · updated today
Share price −14.7% over the past month.
Below-average quality, and the price sits 21% below our fair value.
What matters now
- The model range is unusually wide (44.68 TRY to 118.61 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Our model range runs from 44.68 TRY (bear) to 118.61 TRY (bull), base 94.89 TRY. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 38/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.
How to read this chart
60‑month range 21.70 TRY – 147.30 TRY · fair‑value band 44.68 TRY – 118.61 TRY · the 78.30 TRY price screens below the 94.89 TRY fair value. Dashed = 300-day average. As of Aug 2, 2026.
Analysis
Trabzon Liman Isletmeciligi Anonim Sirketi (TLMAN) currently trades at 78.30 TRY, while our model-based Fair Value estimate is 94.89 TRY, implying the stock looks roughly 21.2% undervalued today. We read business quality at 38/100 (below-average quality), in the Industrials 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: high), always confirm before acting.
Over the trailing twelve months, Trabzon Liman Isletmeciligi Anonim Sirketi generated revenue of 739M TRY at a net margin of -5.8%. Revenue declined 31.8% year over year. It earns a return on equity of -2.7%. Net debt stands at 112M TRY. Fundamentals as of Aug 2, 2026
Our scenario range runs from 44.68 TRY (bear case) to 118.61 TRY (bull case); at 78.30 TRY, the current price sits within that range. The share trades about 34% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 69% fair-value upside, at 21%, TLMAN screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 23 models by family
Widest divergence: Growth Earnings (251.74 TRY) versus Growth DCF (25.97 TRY). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 38
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
Trabzon Liman Isletmeciligi Anonim Sirketi operates the port of Trabzon. It engages in the loading, unloading, transfer, and handling operations; supplying water to ships; loading, unloading, and transferring fuel; pilotage services to ships, water, and fuel; transportation services; and porterage work and establishing facilities.
Full company description
Trabzon Liman Isletmeciligi Anonim Sirketi operates the port of Trabzon. It engages in the loading, unloading, transfer, and handling operations; supplying water to ships; loading, unloading, and transferring fuel; pilotage services to ships, water, and fuel; transportation services; and porterage work and establishing facilities. The company was incorporated in 2003 and is based in Trabzon, Turkey.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
Trabzon Liman Isletmeciligi Anonim Sirketi reported revenue of 592M TRY in FY2024 versus 81.5M TRY in FY2020, a compound +64.1%/yr. Reported net income was 117M TRY in FY2024, compounding +18.9%/yr from FY2020.
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Peer Group
Marine Shipping · 232 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 Marine Shipping median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adani Ports and Special Economic Zone Limited ADANIPORTS | ₹1,828 | ₹1,041 | -43% |
| A.P. Møller - Mærsk A/S MAERSKA | kr 16,520 | kr 3,033 | -82% |
| COSCO SHIPPING Holdings 601919 | ¥13.98 | ¥40.37 | +189% |
| Shanghai International Port (Group) Co 600018 | ¥5.17 | ¥6.57 | +27% |
| HMM Co 011200 | 20,050 KRW | 33,855 KRW | +69% |
| SITC International Holdings 1308 | HK$31.38 | HK$6.44 | -79% |
| Ningbo Zhoushan Port Company 601018 | ¥3.30 | ¥5.58 | +69% |
| Qingdao Port International Co 601298 | ¥8.07 | ¥16.97 | +110% |
| JSW Infrastructure Limited JSWINFRA | ₹330.05 | ₹126.31 | -62% |
| Wan Hai Lines Ltd 2615 | 80.70 TWD | 212.79 TWD | +164% |
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Frequently asked questions
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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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