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Ulusoy Un Sanayi ve Ticaret A.S. (ULUUN) Fair Value & Analysis

Consumer Defensive · TR · Market cap 6.0B TRY

UU Ulusoy Un Sanayi ve Ticaret A.S. ULUUN · IS
Price8.40 TRY
Fair Value25.12 TRY
Upside+199.1%
Quality30/100
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Mixed Growth
Thin margins · 0.1% net margin
Low debt · generates free cash flow
Trails peers (5/14)
Narrow moat 18/100
Evidence: Medium Range 12.70 TRY – 40.02 TRY Share as image

Fair value as of: Aug 13, 2026

From 12 valuation models · updated 6 days ago

Share price −10.4% over the past month.

Below-average quality, screening 199% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (30/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (12.70 TRY). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (12.70 TRY to 40.02 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

10.33 TRY 1.13 TRY Fair Value 25.12 TRY May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 1.13 TRY – 10.33 TRY · fair‑value band 12.70 TRY – 40.02 TRY · the 8.40 TRY price screens below the 25.12 TRY fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Ulusoy Un Sanayi ve Ticaret A.S. (ULUUN) currently trades at 8.40 TRY, while our model-based Fair Value estimate is 25.12 TRY, implying the stock looks roughly 199.1% undervalued today. The Quality Score stands at 30/100 (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, Ulusoy Un Sanayi ve Ticaret A.S. generated revenue of 67.2B TRY at a net margin of 0.1%. Revenue grew 1.5% year over year. It earns a return on equity of 0.7%. Net debt stands at 2.0B TRY. Fundamentals as of Aug 13, 2026

Our scenario range runs from 12.70 TRY (bear case) to 40.02 TRY (bull case); at 8.40 TRY, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at 199%, ULUUN 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 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
Highest evidence
Growth DCF 1.86 TRY 2.49 TRY 3.51 TRY 80
ROIC Compounder 17.59 TRY 23.15 TRY 29.47 TRY 72
EPV 17.59 TRY 20.19 TRY 22.43 TRY 59
All 12 models by family
DCF Models
FCF DCF 1.90 TRY 2.31 TRY 3.57 TRY 38
5Y Revenue Exit 15.83 TRY 30.64 TRY 61.98 TRY 39
5Y EBITDA Exit 23.29 TRY 45.73 TRY 89.92 TRY 41
10Y Revenue Exit 11.06 TRY 32.14 TRY 48.44 TRY 36
10Y EBITDA Exit 17.18 TRY 47.84 TRY 104.82 TRY 37
Earnings-Based
EPV 17.59 TRY 20.19 TRY 22.43 TRY 59
Multiples
EV/EBIT 26.77 TRY 35.31 TRY 43.84 TRY 53
EV/EBITDA 30.85 TRY 40.75 TRY 50.64 TRY 54
EV/Revenue 19.44 TRY 27.27 TRY 35.11 TRY 43
Asset-Based
NCAV (Graham) 9.14 TRY 12.25 TRY 18.28 TRY 50
Growth DCF
Growth DCF 1.86 TRY 2.49 TRY 3.51 TRY 80
Economic Profit
ROIC Compounder 17.59 TRY 23.15 TRY 29.47 TRY 72

Widest divergence: Multiples (35.31 TRY) versus Growth DCF (2.49 TRY). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 67.2B TRY
Revenue growth (YoY) +1.5%
Net margin 0.1%
Return on equity 0.7%
Free cash flow 35.2M TRY FY2025
P/E ratio 105.0
More key figures
Operating margin 2.3%
EPS (TTM) 0.0800 TRY
EPS growth (YoY) +11.6%
Net debt 2.0B TRY FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 33 · Market factors (momentum, volatility) 56

Profitability 31
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 44
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

Ulusoy Un Sanayi ve Ticaret A.S. produces and sells flour in Turkey. It operates through Production and Agricultural Commodity Trading and Licensed Warehousing segments. It provides baguette, sugar bread-toast bread, croissant, pastry, chapati, noodle, biscuit, all purpose flour, industrial wheat flour, pizza, and Arabic bread.

Full company description

Ulusoy Un Sanayi ve Ticaret A.S. produces and sells flour in Turkey. It operates through Production and Agricultural Commodity Trading and Licensed Warehousing segments. It provides baguette, sugar bread-toast bread, croissant, pastry, chapati, noodle, biscuit, all purpose flour, industrial wheat flour, pizza, and Arabic bread. The company also engages in warehousing activities for the storage of agricultural products; production, wholesale, retail purchase, sale, distribution, import, and export of food products; manufacture, purchase, sale, import, and export of warehousing activities for the storage of agricultural products; buying and selling of real estate; and production, distribution, and trading of pasta. It provides its products under the U Plus, U Pro, and U Chef brand names. The company also exports its products. Ulusoy Un Sanayi ve Ticaret A.S. was founded in 1969 and is headquartered in Samsun, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ulusoy Un Sanayi ve Ticaret A.S. reported revenue of 66.9B TRY in FY2025 versus 9.3B TRY in FY2021, a compound +63.8%/yr. Reported net income was −131M TRY in FY2025.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
66.9B TRY
Latest YoY
+4.5%
Avg. growth/yr (3Y) 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.
+48.5%
Avg. growth/yr (5Y) 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.
+72.8%
Avg. growth/yr (14Y) 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.
+42.7%
Revenue +63.8%/yr
FY21 9.3B TRY
FY22 20.4B TRY
FY23 57.3B TRY
FY24 64.0B TRY
FY25 66.9B TRY
Net income
FY21 140M TRY
FY22 713M TRY
FY23 −937M TRY
FY24 −211M TRY
FY25 −131M TRY

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Cite: Fair Value Calculator (2026). "Ulusoy Un Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/ULUUN

Peer Group

Packaged Foods · 655 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 30 · Bottom 25%
Fair Value upside +199% · Top 25%
Return on equity (TTM) 1% · Below median
Return on assets 2% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 2% · Below median
Dividend yield (TTM) 7.8% · Top 25%
Debt / equity 0.37× · Higher than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 105.0× · Pricier than 75% of peers
P/B 0.44× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper than 75% of peers
P/FCF 3.6× · Pricier than median
EV/EBITDA 2.6× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 26
FUTURE8 · sector 19
PAST3 · sector 28
HEALTH82 · sector 96
DIVIDEND100 · sector 52

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 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,507 ₹362.37 -76%
Britannia Industries Limited BRITANNIA ₹5,511 ₹1,765 -68%
Tata Consumer Products Limited TATACONSUM ₹1,062 ₹327.27 -69%
PT Indofood CBP Sukses Makmur Tbk ICBP 7,550 IDR 12,864 IDR +70%
Samyang Foods Co 003230 1,219,000 KRW 1,010,543 KRW -17%
Vietnam Dairy Products Joint Stock Company VNM 61,600 VND 52,858 VND -14%
Patanjali Foods Limited PATANJALI ₹350.95 ₹144.77 -59%
PT Mayora Indah Tbk, MYOR 1,650 IDR 2,699 IDR +64%
PT Cisarua Mountain Dairy Tbk CMRY 4,610 IDR 4,350 IDR -6%
Nongshim Co 004370 389,500 KRW 530,619 KRW +36%

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Frequently asked questions

Is Ulusoy Un Sanayi ve Ticaret A.S. (ULUUN) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 25.12 TRY versus a price of 8.40 TRY, about +199% (undervalued).
What is the fair value of ULUUN?
Our model-based fair value for Ulusoy Un Sanayi ve Ticaret A.S. is 25.12 TRY (as of Aug 13, 2026), built from audited fundamentals. The current price: 8.40 TRY.
What is the quality score of ULUUN?
Ulusoy Un Sanayi ve Ticaret A.S. has a Quality Score of 30/100. 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 revenue of Ulusoy Un Sanayi ve Ticaret A.S. (ULUUN)?
Ulusoy Un Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 67.2B TRY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ULUUN?
The net profit margin of Ulusoy Un 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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