ÜNLÜ Yatirim Holding (UNLU) Fair Value & Analysis

Financial Services · TR · Market cap 2.0B TRY

Below-average quality, and the price sits another 50% above our fair value.

What matters now

• The price sits above even our optimistic bull case (6.92 TRY). The favourable scenario is already priced in.
• Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
• A fairly wide model range (3.53 TRY to 6.92 TRY) leaves room in how you read the outcome.
• 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 4.25 TRY – 24.00 TRY · fair‑value band 3.53 TRY – 6.92 TRY · the 11.12 TRY price screens above the 5.57 TRY fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

ÜNLÜ Yatirim Holding (UNLU) currently trades at 11.12 TRY, while our model-based Fair Value estimate is 5.57 TRY, implying the stock looks roughly 49.9% overvalued today. We read business quality at 33/100 (below-average quality), in the Financial Services 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: medium).

Over the trailing twelve months, ÜNLÜ Yatirim Holding generated revenue of 41.6B TRY at a net margin of -0.5%. Revenue declined 43.4% year over year. It earns a return on equity of -8.2%. Net debt stands at 949M TRY. Fundamentals as of Aug 2, 2026

Our scenario range runs from 3.53 TRY (bear case) to 6.92 TRY (bull case); at 11.12 TRY, the current price sits above that range. The share trades about 43% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 16% fair-value upside, at -50%, UNLU 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.

Widest divergence: Multiples (8.47 TRY) versus Dividend Discount (1.65 TRY). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Quality Score breakdown

About the company

ÜNLÜ Yatirim Holding A.S. provides investment advisory and asset management services to investors, corporates, multinationals, and financial institutions in Turkey.

Full company description

ÜNLÜ Yatirim Holding A.S. provides investment advisory and asset management services to investors, corporates, multinationals, and financial institutions in Turkey. It operates through Brokerage Activities and Corporate Financing Activities; Asset Management Financial Consultancy and Investment Services; Venture capital; and Investment Holding Services segments. The company offers corporate finance advisory, such as mergers and acquisitions, and corporate debt advisory services. It also provides capital markets services comprising public offerings and block sales, corporate sales, research services, and debt capital markets; and investment advisory and brokerage services, including equities, futures and options, mutual funds, structured debt instruments, over-the-counter derivatives, fixed-income securities, international markets, and portfolio brokerage services. In addition, the company offers asset management services, such as non-performing loans management; "venture capital and private equity; "treasury and cash management; and portfolio management services. ÜNLÜ Yatirim Holding A.S. was founded in 1996 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ÜNLÜ Yatirim Holding reported revenue of 49.9B TRY in FY2025 versus 5.0B TRY in FY2021, a compound +77.7%/yr. Reported net income was −206M TRY in FY2025.

UNLU sits 50% above fair value. Compare with Mirae Asset Securities Co →

Peer Group

Capital Markets · 448 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.

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.

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Frequently asked questions

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.