Türkiye Sinai Kalkinma Bankasi A.S. (TSKB) Fair Value & Analysis
Financial Services · TR · Market cap 30.6B TRY
Fair value as of: Aug 2, 2026
From 23 valuation models · updated 3 days ago
Share price −9.3% over the past month.
A solid business, screening 100% undervalued on our models.
What matters now
- The price is below even our cautious bear case (16.41 TRY). The market is more pessimistic than our downside scenario.
- Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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 1.13 TRY – 13.86 TRY · fair‑value band 16.41 TRY – 27.35 TRY · the 10.94 TRY price screens below the 21.88 TRY fair value. Dashed = 300-day average. As of Aug 2, 2026.
Analysis
Türkiye Sinai Kalkinma Bankasi A.S. (TSKB) currently trades at 10.94 TRY, while our model-based Fair Value estimate is 21.88 TRY, implying the stock looks roughly 100.0% undervalued today. We read business quality at 53/100 (solid quality), in the Financial Services 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, Türkiye Sinai Kalkinma Bankasi A.S. generated revenue of 18.8B TRY at a net margin of 59.0%. Revenue grew 8.6% year over year. It earns a return on equity of 27.0%. Net debt stands at 254B TRY. Fundamentals as of Aug 2, 2026
Our scenario range runs from 16.41 TRY (bear case) to 27.35 TRY (bull case); at 10.94 TRY, the current price sits below that range. The share trades about 22% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 100%, TSKB screens cheaper 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 (62.64 TRY) versus Dividend Discount (0.0049 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 55 · 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
Türkiye Sinai Kalkinma Bankasi A.S. operates as a development and investment bank in Turkey. The company offers corporate loans for renewable energy, industrial investments, energy and resource efficiency, women's employment and equal opportunity, environmental investments, investments in developing regions, research and development and innovation, …
Full company description
Türkiye Sinai Kalkinma Bankasi A.S. operates as a development and investment bank in Turkey. The company offers corporate loans for renewable energy, industrial investments, energy and resource efficiency, women's employment and equal opportunity, environmental investments, investments in developing regions, research and development and innovation, occupational health and safety, education and health investments, and working capital financing. It also provides project finance for energy generation and power plants, including hydroelectric, geothermal, wind, solar, biomass, and combined cycle natural gas plants; electricity and natural gas distribution projects; mergers and acquisitions; logistics, transportation, and telecommunications; and public - private partnership projects. In addition, the company offers other loan products, such as financial leasing, foreign trade finance, letter of guarantees/external guarantees/letter of credits, export credits / Eximbank aval credits, and country loans. Further, the company provides corporate finance products and services consisting of public offering preparation and brokerage, debt instrument issues, and mergers and acquisitions advisory; derivatives products comprising forward contracts, options, caps and floors, swap transactions, and swaptions; derivative transactions; brokerage for stock and bonds trading; currency exchange, repo, warrant, and foreign derivative transactions; securities loans; and portfolio management and investment consulting services. Additionally, it provides financial planning and strategy, feasibility, valuation, and restructuring services, as well as sectoral analysis studies; engineering and technical consultancy services; and financial technical advisory, real estate appraisal, economic research, and sustainability consultancy services. Türkiye Sinai Kalkinma Bankasi A.S. was incorporated in 1950 and is headquartered in Istanbul, Turkey.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Türkiye Sinai Kalkinma Bankasi A.S. reported revenue of 21.1B TRL in FY2025 versus 3.5B TRL in FY2021, a compound +56.1%/yr. Reported net income was 11.3B TRL in FY2025, compounding +79.9%/yr from FY2021.
Watch TSKB: get an alert when its fair value changes →
Peer Group
Banks - Regional · 1097 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 Banks - Regional 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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Bank Central Asia Tbk BBCA | 6,175 IDR | 6,087 IDR | -1% |
| KB Financial Group 105560 | 184,400 KRW | 213,797 KRW | +16% |
| PT Bank Rakyat Indonesia (Persero) Tbk BBRI | 2,970 IDR | 4,891 IDR | +65% |
| PT Bank Mandiri (Persero) Tbk BMRI | 4,310 IDR | 7,841 IDR | +82% |
| Banco Bradesco S.A BBD | 5,120 ARS | 10,240 ARS | +100% |
| Shinhan Financial Group 055550 | 107,900 KRW | 137,259 KRW | +27% |
| Hana Financial Group 086790 | 136,800 KRW | 193,969 KRW | +42% |
| Lloyds Banking Group LYG | 4,138 ARS | 8,275 ARS | +100% |
| Banco de Chile, CHILE | 193.10 CLP | 152.55 CLP | -21% |
| Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB | 59,400 VND | 84,201 VND | +42% |
Compare Türkiye Sinai Kalkinma Bankasi A.S. with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Financial Services stocks →
Frequently asked questions
Is Türkiye Sinai Kalkinma Bankasi A.S. (TSKB) overvalued or undervalued?
What is the fair value of TSKB?
What is the quality score of TSKB?
What is the revenue of Türkiye Sinai Kalkinma Bankasi A.S. (TSKB)?
What is the net profit margin of TSKB?
Does Türkiye Sinai Kalkinma Bankasi A.S. pay a dividend?
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.
Track Türkiye Sinai Kalkinma Bankasi A.S. and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.