As of June 20, 2025, Torunlar Gayrimenkul Yatirim Ortakligi AS has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $6.00, this represents a potential upside of -128.7%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -132.4% |
| Potential Upside (10-year) | -128.7% |
| Discount Rate (WACC) | 19.2% - 27.3% |
Revenue is projected to grow from $1106 million in 12-2020 to $1660 million by 12-2030, representing a compound annual growth rate of approximately 4.1%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2020 | 1106 | 12% |
| 12-2021 | 870 | -21% |
| 12-2022 | 923 | 6% |
| 12-2023 | 990 | 7% |
| 12-2024 | 1062 | 7% |
| 12-2025 | 1171 | 10% |
| 12-2026 | 1233 | 5% |
| 12-2027 | 1345 | 9% |
| 12-2028 | 1423 | 6% |
| 12-2029 | 1518 | 7% |
| 12-2030 | 1660 | 9% |
Net profit margin is expected to improve from 26% in 12-2020 to 29% by 12-2030, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2020 | 293 | 26% |
| 12-2021 | 193 | 22% |
| 12-2022 | 218 | 24% |
| 12-2023 | 247 | 25% |
| 12-2024 | 279 | 26% |
| 12-2025 | 322 | 28% |
| 12-2026 | 342 | 28% |
| 12-2027 | 377 | 28% |
| 12-2028 | 402 | 28% |
| 12-2029 | 432 | 28% |
| 12-2030 | 476 | 29% |
with a 5-year average of $21 million. Projected CapEx is expected to maintain at approximately 2% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2021 | 24 |
| 12-2022 | 25 |
| 12-2023 | 16 |
| 12-2024 | 17 |
| 12-2025 | 16 |
| 12-2026 | 17 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 24 |
| Days Inventory | 841 |
| Days Payables | 82 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 9M/2021 | 353 | 41 | 10 | (150) | 451 |
| 2022 | 516 | 62 | 14 | 122 | 319 |
| 2023 | 560 | 70 | 15 | (68) | 543 |
| 2024 | 618 | 79 | 16 | 39 | 484 |
| 2025 | 697 | 91 | 18 | 60 | 528 |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -132.4% |
| 10-Year DCF (Growth) | 0.00 | -128.7% |
| 5-Year DCF (EBITDA) | 0.00 | -100.0% |
| 10-Year DCF (EBITDA) | 0.00 | -100.0% |
Is Torunlar Gayrimenkul Yatirim Ortakligi AS (TRGYO.IS) a buy or a sell? Torunlar Gayrimenkul Yatirim Ortakligi AS is definitely a sell. Based on our DCF analysis, Torunlar Gayrimenkul Yatirim Ortakligi AS (TRGYO.IS) appears to be overvalued with upside potential of -128.7%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider reducing exposure at the current market price of $6.00.