Türk Traktör ve Ziraat Makineleri A.S. (TTRAK) Fair Value & Analysis
Industrials · TR · Market cap 41.3B TRY
Fair value as of: Aug 2, 2026
From 24 valuation models · updated today
Share price −6.0% over the past month.
Below-average quality, and the price sits another 73% above our fair value.
What matters now
- The price sits above even our optimistic bull case (167.04 TRY). The favourable scenario is already priced in.
- Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
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 58.01 TRY – 960.95 TRY · fair‑value band 108.77 TRY – 167.04 TRY · the 412.25 TRY price screens above the 111.91 TRY fair value. Dashed = 300-day average. As of Aug 2, 2026.
Analysis
Türk Traktör ve Ziraat Makineleri A.S. (TTRAK) currently trades at 412.25 TRY, while our model-based Fair Value estimate is 111.91 TRY, implying the stock looks roughly 72.9% overvalued today. We read business quality at 32/100 (below-average quality), in the Industrials 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, Türk Traktör ve Ziraat Makineleri A.S. generated revenue of 47.2B TRY at a net margin of -2.4%. Revenue declined 39.6% year over year. It earns a return on equity of -7.3%. Net debt stands at 8.7B TRY. Fundamentals as of Aug 2, 2026
Our scenario range runs from 108.77 TRY (bear case) to 167.04 TRY (bull case); at 412.25 TRY, the current price sits above that range. The share trades about 37% 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 12% fair-value upside, at -73%, TTRAK 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: DCF Models (699.36 TRY) versus Multiples (90.90 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 40 · Market factors (momentum, volatility) 33
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
Türk Traktör ve Ziraat Makineleri A.S. engages in the manufacture and sale of tractor and agricultural equipment worldwide. It also offers construction equipment. The company offers its products under the New Holland, Case, TürkTraktör, New Holland Construction, Case Construction, Tarlam cepte, Hassas Tarim, and Servisim brands.
Full company description
Türk Traktör ve Ziraat Makineleri A.S. engages in the manufacture and sale of tractor and agricultural equipment worldwide. It also offers construction equipment. The company offers its products under the New Holland, Case, TürkTraktör, New Holland Construction, Case Construction, Tarlam cepte, Hassas Tarim, and Servisim brands. Türk Traktör ve Ziraat Makineleri A.S. was formerly known as Minneapolis Moline Türk Traktör ve Ziraat Makineleri A.S. and changed its name to Türk Traktör ve Ziraat Makineleri A.S. in 1968. Türk Traktör ve Ziraat Makineleri A.S. was founded in 1954 and is based in Ankara, Turkey.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Türk Traktör ve Ziraat Makineleri A.S. reported revenue of 53.8B TRY in FY2025 versus 11.6B TRY in FY2021, a compound +46.6%/yr. Reported net income was 455M TRY in FY2025, compounding −23.4%/yr from FY2021.
TTRAK sits 73% above fair value. Compare with Caterpillar Inc →
Peer Group
Farm & Heavy Construction Machinery · 155 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 Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Caterpillar Inc CAT | $952.41 | $307.83 | -68% |
| Deere & Company DE | $597.24 | $187.86 | -69% |
| AB Volvo (publ), VOLVA | kr 336.60 | kr 288.08 | -14% |
| PACCAR Inc PCAR | $126.20 | $94.80 | -25% |
| Epiroc AB EPIA | kr 251.90 | kr 144.14 | -43% |
| Exor N.V EXO | €69.40 | €219.41 | +216% |
| Sany Heavy Industry Co 600031 | ¥18.65 | ¥20.84 | +12% |
| Traton SE 8TRA | €35.80 | €52.60 | +47% |
| XCMG Construction Machinery Co 000425 | ¥8.39 | ¥11.79 | +41% |
| Sinotruk (Hong Kong) Limited 3808 | HK$40.26 | HK$53.18 | +32% |
Compare Türk Traktör ve Ziraat Makineleri A.S. with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is Türk Traktör ve Ziraat Makineleri A.S. (TTRAK) overvalued or undervalued?
What is the fair value of TTRAK?
What is the quality score of TTRAK?
What is the revenue of Türk Traktör ve Ziraat Makineleri A.S. (TTRAK)?
What is the net profit margin of TTRAK?
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 Türk Traktör ve Ziraat Makineleri 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.