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Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, (VESTL) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 7.4B TRY

VE Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, VESTL · IS
Price22.06 TRY
Fair Value53.68 TRY
Upside+143.3%
Quality20/100
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Mixed Growth
Loss-making · -21.9% net margin
High debt · generates free cash flow
Trails peers (2/10)
Narrow moat 0/100
Evidence: Low Range 40.06 TRY – 80.12 TRY Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated today

Share price −14.9% over the past month.

Below-average quality, screening 143% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (20/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (40.06 TRY). The market is more pessimistic than our downside scenario.
  • 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 (40.06 TRY to 80.12 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

103.00 TRY 20.80 TRY Fair Value 53.68 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 20.80 TRY – 103.00 TRY · fair‑value band 40.06 TRY – 80.12 TRY · the 22.06 TRY price screens below the 53.68 TRY fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, (VESTL) currently trades at 22.06 TRY, while our model-based Fair Value estimate is 53.68 TRY, implying the stock looks roughly 143.3% undervalued today. The Quality Score stands at 20/100 (below-average quality), in the Consumer Cyclical 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: low), always confirm before acting.

Over the trailing twelve months, Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, generated revenue of 118B TRY at a net margin of -21.9%. Revenue declined 48.9% year over year. It earns a return on equity of -62.5%. Net debt stands at 84.7B TRY. Fundamentals as of Aug 13, 2026

Our scenario range runs from 40.06 TRY (bear case) to 80.12 TRY (bull case); at 22.06 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 52% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at 143%, VESTL 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 92.16 TRY 80
Rev-Margin DCF 19.51 TRY 74
NCAV (Graham) 40.06 TRY 53.68 TRY 80.12 TRY 50
All 6 models by family
DCF Models
FCF DCF 106.44 TRY 38
5Y Revenue Exit 23.72 TRY 39
10Y Revenue Exit 35.14 TRY 36
Asset-Based
NCAV (Graham) 40.06 TRY 53.68 TRY 80.12 TRY 50
Growth DCF
Growth DCF 92.16 TRY 80
Rev-Margin DCF 19.51 TRY 74

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Key figures & financial health

Revenue (TTM) 118B TRY
Revenue growth (YoY) -48.9%
Net margin -21.9%
Return on equity -62.5%
Free cash flow 1.5B TRY FY2025
Operating margin -15.6%
More key figures
EPS (TTM) -88.37 TRY
EPS growth (YoY) +13.5%
Net debt 84.7B TRY FY2025

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

Quality Score breakdown

Overall quality 20/100

Of which business quality 23 · Market factors (momentum, volatility) 25

Profitability 14
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 3
Balance sheet, leverage, solvency risk
Investment 28
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 82
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

Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, together with its subsidiaries, produces and sells brown and white goods in Turkey, Europe, and internationally. It operates in two segments, Consumer, Mobility Electronics, and Other Income; and Household Appliances.

Full company description

Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, together with its subsidiaries, produces and sells brown and white goods in Turkey, Europe, and internationally. It operates in two segments, Consumer, Mobility Electronics, and Other Income; and Household Appliances. The company offers television, headphones, speakers, and gaming monitors; white goods, including refrigerators, deep freezers, washing and drying machines, dishwashers, freestanding ovens, stovetops, mini ovens, microwave ovens, aspirators, water dispensers, and wine coolers; and built-in products, such as built-in sets, ovens, cooktops, hoods, microwave ovens, dishwashers, and refrigerators. It also provides brooms, coffee machines, beverage preparation, mix and go, mixer and chopper, electric cookers, vacuum machines, irons, personal care, and retro small home appliances; air conditioners, water heaters, heaters, and air purifiers; smart products comprising smart watch, scale, light, plug, camera, bulb, doorbell, and tracking band, as well as air purifiers; electric vehicle charging stations and Vestel mobility ecosystem; and Vestel & Asli Filinta retro series, cleaning and care products, spare parts and accessories, product families, and additional assurance and maintenance services. The company sells its products through online and its stores. The company was incorporated in 1983 and is headquartered in Istanbul, Turkey. Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi is a subsidiary of Zorlu Holding A.S.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, reported revenue of 138B TRL in FY2025 versus 32.5B TRL in FY2021, a compound +43.6%/yr. Reported net income was −29.7B TRL in FY2025.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
138B TRY
Latest YoY
−26.0%
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.
+33.3%
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.
+45.0%
Avg. growth/yr (25Y) 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.
−29.1%
Revenue +43.6%/yr
FY21 32.5B TRL
FY22 58.4B TRL
FY23 162B TRL
FY24 187B TRL
FY25 138B TRL
Net income
FY21 1.9B TRL
FY22 857M TRL
FY23 2.1B TRL
FY24 −14.4B TRL
FY25 −29.7B TRL

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Cite: Fair Value Calculator (2026). "Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, Fair Value". https://www.fairvalue-calculator.com/stock/VESTL

Peer Group

Furnishings, Fixtures & Appliances · 317 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 20 · Bottom 25%
Fair Value upside +143% · Top 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -22% · Bottom 25%
Operating margin (TTM) -16% · Bottom 25%
Revenue growth -49% · Bottom 25%
Debt / equity 1.68× · Higher than 75% of peers

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/FCF 0.1× · Cheaper than 75% of peers
PEG 1.06× · Pricier than 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.

VALUE 100 · sector 19
FUTURE 0 · sector 0
PAST 0 · sector 18
HEALTH 16 · sector 97
DIVIDEND 0 · sector 49

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥27.25 ¥50.62 +86%
Ecovacs Robotics Co 603486 ¥58.97 ¥54.14 -8%
Zhejiang Supor Co 002032 ¥41.68 ¥44.84 +8%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%

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Frequently asked questions

Is Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, (VESTL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 53.68 TRY versus a price of 22.06 TRY, about +143% (undervalued).
What is the fair value of VESTL?
Our model-based fair value for Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, is 53.68 TRY (as of Aug 13, 2026), built from audited fundamentals. The current price is 22.06 TRY.
What is the quality score of VESTL?
Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, has a Quality Score of 20/100. 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 Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, (VESTL)?
Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, reported trailing-twelve-month revenue of about 118B TRY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of VESTL?
The net profit margin of Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, is about -21.9%, meaning it is currently running at a net loss. 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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