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Tukas Gida Sanayi ve Ticaret A.S., (TUKAS) Fair Value & Analysis

Consumer Defensive · TR · Market cap 9.0B TRY

TG Tukas Gida Sanayi ve Ticaret A.S., TUKAS · IS
Price1.99 TRY
Fair Value2.39 TRY
Upside+20.1%
Quality23/100
Mixed Growth
Thin margins · 0.1% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/11)
Narrow moat 26/100
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Evidence: Medium Range 1.88 TRY – 2.99 TRY Share as image

Fair value as of: Aug 2, 2026

From 14 valuation models · updated today

Share price −11.9% over the past month.

Below-average quality, and the price sits 20% below our fair value.

What matters now

  • Our model range runs from 1.88 TRY (bear) to 2.99 TRY (bull), base 2.39 TRY. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 23/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

4.27 TRY 0.3872 TRY Fair Value 2.39 TRY Apr 2021 Jul 2026

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 0.3872 TRY – 4.27 TRY · fair‑value band 1.88 TRY – 2.99 TRY · the 1.99 TRY price screens below the 2.39 TRY fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Tukas Gida Sanayi ve Ticaret A.S., (TUKAS) currently trades at 1.99 TRY, while our model-based Fair Value estimate is 2.39 TRY, implying the stock looks roughly 20.1% undervalued today. We read business quality at 23/100 (below-average quality), in the Consumer Defensive 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: medium), always confirm before acting.

Over the trailing twelve months, Tukas Gida Sanayi ve Ticaret A.S., generated revenue of 8.6B TRY at a net margin of 0.1%. Revenue declined 2.4% year over year. Net debt stands at 6.9B TRY. The stock trades on a trailing P/E of 18.1. Fundamentals as of Aug 2, 2026

Our scenario range runs from 1.88 TRY (bear case) to 2.99 TRY (bull case); at 1.99 TRY, the current price sits within that range. The share trades about 54% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -11% fair-value upside, at 20%, TUKAS 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.

Model BearBaseBull Evidence
Highest evidence
ROIC Compounder 2.63 TRY 3.17 TRY 3.63 TRY 72
Growth-Adj P/E 3.59 TRY 5.13 TRY 6.67 TRY 68
P/E Multiple 1.71 TRY 2.28 TRY 2.85 TRY 63
All 14 models by family
Earnings-Based
Graham-Dodd 0.7700 TRY 5.40 TRY 7.58 TRY 54
Lynch FV 2.79 TRY 3.98 TRY 5.18 TRY 50
PEG = 1.0 2.79 TRY 3.98 TRY 5.18 TRY 46
EPV 2.63 TRY 3.17 TRY 3.63 TRY 59
Multiples
P/E Multiple 1.71 TRY 2.28 TRY 2.85 TRY 63
P/S Multiple 1.45 TRY 1.94 TRY 2.42 TRY 58
P/B Multiple 1.45 TRY 1.94 TRY 2.42 TRY 55
EV/EBIT 4.83 TRY 6.69 TRY 8.54 TRY 53
EV/EBITDA 4.57 TRY 6.34 TRY 8.11 TRY 54
EV/Revenue 2.64 TRY 4.09 TRY 5.54 TRY 43
Asset-Based
NCAV (Graham) 1.94 TRY 2.60 TRY 3.88 TRY 50
Economic Profit
Residual Income 2.76 TRY 2.65 TRY 2.18 TRY 61
ROIC Compounder 2.63 TRY 3.17 TRY 3.63 TRY 72
Growth Earnings
Growth-Adj P/E 3.59 TRY 5.13 TRY 6.67 TRY 68

Widest divergence: Growth Earnings (5.13 TRY) versus Multiples (2.28 TRY). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Revenue (TTM) 8.6B TRY
Revenue growth (YoY) -2.4%
Net margin 0.1%
Return on equity 0.0%
Free cash flow −2.7B TRY FY2025
P/E ratio 18.1
More key figures
Operating margin 10.3%
EPS (TTM) 0.1100 TRY
EPS growth (YoY) -78.6%
Net debt 6.9B TRY FY2025

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 23/100

Of which business quality 25 · Market factors (momentum, volatility) 26

Profitability 23
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

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

Tukas Gida Sanayi ve Ticaret A.S., together with its subsidiaries, manufactures and sells food products in Turkey and internationally.

Full company description

Tukas Gida Sanayi ve Ticaret A.S., together with its subsidiaries, manufactures and sells food products in Turkey and internationally. The company offers tomato and pepper pastes, grated tomatoes, pasta sauces, spreads, and condiments; roasted and canned products; boiled products; and pickles, ready to serve foods, jams, and olives, as well as catering products. It sells its products under the Tukas brand name. Tukas Gida Sanayi ve Ticaret A.S. was founded in 1962 and is headquartered in Izmir, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tukas Gida Sanayi ve Ticaret A.S., reported revenue of 8.7B TRL in FY2025 versus 1.1B TRL in FY2021, a compound +69.0%/yr. Reported net income was 512M TRL in FY2025, compounding +29.5%/yr from FY2021.

Growth Quality 38/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
8.7B TRY
Latest YoY
−2.8%
Avg. growth/yr (3Y)
+29.6%
Avg. growth/yr (5Y)
+60.3%
Avg. growth/yr (25Y)
−26.3%
Revenue +69.0%/yr
FY21 1.1B TRL
FY22 4.0B TRL
FY23 9.4B TRL
FY24 8.9B TRL
FY25 8.7B TRL
Net income +29.5%/yr
FY21 182M TRL
FY22 1.4B TRL
FY23 1.7B TRL
FY24 1.0B TRL
FY25 512M TRL

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Cite: Fair Value Calculator (2026). "Tukas Gida Sanayi ve Ticaret A.S., Fair Value". https://www.fairvalue-calculator.com/stock/TUKAS

Peer Group

Packaged Foods · 666 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.

Quality Score 23 · Bottom 25%
Fair Value upside +20% · Above median
Return on equity (TTM) 0% · Below median
Return on assets 4% · Above median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 10% · Above median
Revenue growth -2% · Below median
Debt / equity 0.19× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 18.1× · Pricier than median
P/S (TTM) 0.02× · Cheaper than 75% of peers
EV/EBITDA 1.5× · Cheaper than 75% of peers

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 60 / 25
FUTURE 0 / 20
PAST 0 / 27
HEALTH 90 / 96
DIVIDEND 0 / 47

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Uni-President Enterprises Corp 1216 79.00 TWD 68.72 TWD -13%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%

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Frequently asked questions

Is Tukas Gida Sanayi ve Ticaret A.S., (TUKAS) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of 2.39 TRY versus a price of 1.99 TRY, about +20% (undervalued).
What is the fair value of TUKAS?
Our model-based fair value for Tukas Gida Sanayi ve Ticaret A.S., is 2.39 TRY (as of Aug 2, 2026), built from audited fundamentals. The current price is 1.99 TRY.
What is the quality score of TUKAS?
Tukas Gida Sanayi ve Ticaret A.S., has a Quality Score of 23/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Tukas Gida Sanayi ve Ticaret A.S., (TUKAS)?
Tukas Gida Sanayi ve Ticaret A.S., reported trailing-twelve-month revenue of about 8.6B TRY (latest available figure, as of Aug 2, 2026).
What is the net profit margin of TUKAS?
The net profit margin of Tukas Gida Sanayi ve Ticaret A.S., is about 0.1%, meaning it keeps roughly 0.1% of revenue as net income. Based on the latest reported figures.

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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