Vakif Finansal Kiralama AS (VAKFN) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Vakif Finansal Kiralama AS stock TRY 1.41, price TRY 0.84, upside +68.0%, quality 28 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 28, 2026.
How to read this chart
60‑month range 0.2654 TRY – 2.06 TRY · fair‑value band 0.7378 TRY – 1.77 TRY · the 0.8400 TRY price screens below the 1.41 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 28, 2026.
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Vakif Finansal Kiralama A.S. engages in the provision of financial leasing services in Turkey. It also offers financial intermediation to SMEs and investors. The company was founded in 1988 and is headquartered in Istanbul, Turkey.
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Vakif Finansal Kiralama A.S. is a subsidiary of Türkiye Vakiflar Bankasi Türk Anonim Ortakligi.
Stock analysis
Vakif Finansal Kiralama AS (VAKFN) currently trades at 0.8400 TRY, while our model-based Fair Value estimate is 1.41 TRY, implying the stock looks roughly 40.5% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 1.74 TRY per share, and 5 of the 6 models we run sit above the 0.8400 TRY price.
Bear case: the Asset-Based group reads lowest at 0.8300 TRY, and 1 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.7378 TRY (bear) to 1.77 TRY (bull), the price of 0.8400 TRY sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 28/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Vakif Finansal Kiralama AS reported revenue of 5.8B TRL in FY2025 versus 369M TRL in FY2021, a compound +98.9%/yr. Reported net income was 1.5B TRL in FY2025, compounding +85.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 5.1B TRY (≈ $102M) Micro · P/E ratio 3.7 · P/S ratio 0.97 · EPS (TTM) 0.2300 TRY · Net margin 26.5% · Return on equity 22.9% · Return on assets (EBIT) 4.1% · Operating margin 48.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at 68%, VAKFN screens cheaper than that median.
Fair Value models
Bear0.7378 TRYFair Value 1.41 TRYBull1.77 TRY
Price 0.8400 TRY · Upside +68.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.1916 TRY per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income1.17 TRY1.41 TRY1.83 TRY71
Graham-Dodd1.73 TRY5.11 TRY6.76 TRY65
P/E Multiple2.49 TRY3.31 TRY4.14 TRY63
All 6 models by family
Earnings-Based
Graham-Dodd1.73 TRY5.11 TRY6.76 TRY65
Lynch FV1.07 TRY1.53 TRY1.99 TRY61
Multiples
P/E Multiple2.49 TRY3.31 TRY4.14 TRY63
P/B Multiple1.30 TRY1.74 TRY2.17 TRY55
Asset-Based
NCAV (Graham)0.6200 TRY0.8300 TRY1.24 TRY54
Economic Profit
Residual Income1.17 TRY1.41 TRY1.83 TRY71
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−14.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+73.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+84.9%
Start year 2020 (pandemic)
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−29.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+14.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.1%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.69% → 26%
Compare Vakif Finansal Kiralama AS with another stock
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Peer Groupⓘ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.Credit Services · 328 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside+68.0% · Above median
Profitability
Return on equity (12 months)22.9% · Top 25%
Return on assets4.2% · Above median
Net margin (12 months)100.2% · Top 25%
Operating margin (12 months)48.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.3% · Below median
Balance sheet
Debt / equity2.23× · Above median
Valuation Multiplesvs Credit Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Vakif Finansal Kiralama AS Fair Value". https://www.fairvalue-calculator.com/stock/VAKFN
Frequently asked questions
Is Vakif Finansal Kiralama AS (VAKFN) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of 1.41 TRY versus a price of 0.8400 TRY, about +68% upside (undervalued).
What is the fair value of VAKFN?
Our model-based fair value for Vakif Finansal Kiralama AS is 1.41 TRY (as of Oct 28, 2026), built from audited fundamentals. The current price: 0.8400 TRY.
What is the quality score of VAKFN?
Vakif Finansal Kiralama AS has a Quality Score of 28/100. 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 price target for Vakif Finansal Kiralama AS (VAKFN)?
Our model-based price target is the fair value of 1.41 TRY (as of Oct 28, 2026) from 6 valuation models. Cautious scenario 0.7378 TRY, optimistic scenario 1.77 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Vakif Finansal Kiralama AS stock forecast for 2026?
Our models put fair value at 1.41 TRY, about +68% upside versus a price of 0.8400 TRY (undervalued). Cautious scenario 0.7378 TRY, optimistic scenario 1.77 TRY. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Vakif Finansal Kiralama AS (VAKFN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vakif Finansal Kiralama AS it is 1.41 TRY per share (as of Oct 28, 2026), against a price of 0.8400 TRY. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Vakif Finansal Kiralama AS stock overvalued or undervalued in 2026?
As of Oct 28, 2026, VAKFN trades below its calculated fair value: price 0.8400 TRY, fair value 1.41 TRY, a gap of about +68% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VAKFN?
No. The price is what the market pays today (0.8400 TRY); the fair value is what the company's own numbers justify (1.41 TRY). For Vakif Finansal Kiralama AS the two are 0.5710 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Vakif Finansal Kiralama AS worth?
The market values Vakif Finansal Kiralama AS at about 5.1B TRY (market capitalisation, as of Oct 28, 2026). Per share that is 0.8400 TRY; our models calculate a fair value of 1.41 TRY per share.
What do the bullish and bearish scenarios say about VAKFN?
Our models span a range for Vakif Finansal Kiralama AS: cautious scenario 0.7378 TRY, base 1.41 TRY, optimistic 1.77 TRY per share (as of Oct 28, 2026, price 0.8400 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VAKFN?
Vakif Finansal Kiralama AS trades at a price-to-earnings ratio of 3.7 (as of Oct 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.41 TRY is built from several models across several years. Other multiples: P/B 0.8, P/S 3.7, EV/EBITDA 15.1.
How solid is the balance sheet of Vakif Finansal Kiralama AS (VAKFN)?
Balance-sheet figures for Vakif Finansal Kiralama AS (as of Oct 28, 2026): return on equity 22.9%, debt of 2.23 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is VAKFN from its 52-week high?
Vakif Finansal Kiralama AS trades at 0.8400 TRY, about 59% below its 52-week high of 2.06 TRY and 5% above the low of 0.8000 TRY (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 1.41 TRY is for.
Which stocks are comparable to Vakif Finansal Kiralama AS?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Vakif Finansal Kiralama AS stock attractive at the current price?
The data as of Oct 28, 2026: price 0.8400 TRY, calculated fair value 1.41 TRY (+68%), Quality Score 28/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VAKFN calculated?
We run Vakif Finansal Kiralama AS through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 1.41 TRY, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.4 % above its aggregate fair value. Vakif Finansal Kiralama AS currently trades 40 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Vakif Finansal Kiralama AS (VAKFN)?
The closing price on Oct 30, 2026 was 0.8400 TRY. Our model-based fair value is 1.41 TRY, about +68% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vakif Finansal Kiralama AS right now?
The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.7378 TRY to 1.77 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.
Key figures of Vakif Finansal Kiralama AS
How large is the market capitalisation of Vakif Finansal Kiralama AS (VAKFN)?
The market capitalisation of Vakif Finansal Kiralama AS is 5.1B TRY (≈ $102M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Vakif Finansal Kiralama AS (VAKFN)?
The price-to-sales ratio of Vakif Finansal Kiralama AS is 0.97 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Vakif Finansal Kiralama AS (VAKFN)?
Earnings per share at Vakif Finansal Kiralama AS are 0.2300 TRY (price ÷ EPS = P/E 3.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Vakif Finansal Kiralama AS (VAKFN)?
The net margin of Vakif Finansal Kiralama AS is 26.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Vakif Finansal Kiralama AS (VAKFN)?
The return on equity (ROE) of Vakif Finansal Kiralama AS is 22.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Vakif Finansal Kiralama AS (VAKFN)?
On an EBIT basis the return on assets of Vakif Finansal Kiralama AS is 4.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Vakif Finansal Kiralama AS (VAKFN)?
The operating margin of Vakif Finansal Kiralama AS is 48.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vakif Finansal Kiralama AS (VAKFN)?
Revenue at Vakif Finansal Kiralama AS is growing +0.3% versus a year earlier (3y avg +73.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Vakif Finansal Kiralama AS (VAKFN)?
Earnings per share at Vakif Finansal Kiralama AS are growing −22.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Vakif Finansal Kiralama AS (VAKFN) generate?
The free cash flow of Vakif Finansal Kiralama AS is −367M TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Vakif Finansal Kiralama AS (VAKFN) carry?
The net debt of Vakif Finansal Kiralama AS is 26.0B TRY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 28, 2026