Türk Telekomünikasyon Anonim Sirketi

IBSE:TTKOM Stock Report

Market Cap: ₺161.3b

Türk Telekomünikasyon Anonim Sirketi Valuation

Is TTKOM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TTKOM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
₺51.04
Fair Value
9.7% undervalued intrinsic discount
9
Number of Analysts

Below Fair Value: TTKOM (TRY46.08) is trading below our estimate of fair value (TRY51.04)

Significantly Below Fair Value: TTKOM is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TTKOM?

Key metric: As TTKOM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TTKOM. This is calculated by dividing TTKOM's market cap by their current earnings.
What is TTKOM's PE Ratio?
PE Ratio8.2x
Earnings₺19.78b
Market Cap₺161.28b

Price to Earnings Ratio vs Peers

How does TTKOM's PE Ratio compare to its peers?

The above table shows the PE ratio for TTKOM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.5x
TCELL Turkcell Iletisim Hizmetleri
8.1x28.1%₺211.0b
RTKM Rostelecom
7.8x25.3%₽222.8b
QBR.A Quebecor
10.5x0.1%CA$7.6b
SNTS Sonatel
7.6xn/aXOF 2.4t
TTKOM Türk Telekomünikasyon Anonim Sirketi
8.2x31.1%₺161.3b

Price-To-Earnings vs Peers: TTKOM is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (8.8x).

Price to Earnings Ratio vs Industry

How does TTKOM's PE Ratio compare vs other companies in the Asian Telecom Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TTKOM 8.2xIndustry Avg. 16.2xNo. of Companies27PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TTKOM is good value based on its Price-To-Earnings Ratio (8.2x) compared to the Asian Telecom industry average (16.3x).

Price to Earnings Ratio vs Fair Ratio

What is TTKOM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TTKOM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.2x
Fair PE Ratio9.3x

Price-To-Earnings vs Fair Ratio: TTKOM is good value based on its Price-To-Earnings Ratio (8.2x) compared to the estimated Fair Price-To-Earnings Ratio (9.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TTKOM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₺46.08
₺61.96
+34.5%
21.4%₺76.60₺39.00n/a9
Jan ’26₺43.48
₺61.32
+41.0%
20.8%₺76.60₺39.00n/a9
Dec ’25₺46.04
₺61.32
+33.2%
20.8%₺76.60₺39.00n/a9
Nov ’25₺48.24
₺61.32
+27.1%
20.8%₺76.60₺39.00n/a9
Oct ’25₺48.96
₺58.90
+20.3%
24.3%₺76.60₺38.30n/a10
Sep ’25₺48.36
₺52.93
+9.5%
32.9%₺76.60₺22.00n/a9
Aug ’25₺51.70
₺45.69
-11.6%
27.3%₺69.60₺22.00n/a9
Jul ’25₺47.26
₺39.83
-15.7%
23.0%₺56.78₺22.00n/a9
Jun ’25₺46.12
₺38.98
-15.5%
18.4%₺47.00₺22.00n/a10
May ’25₺40.38
₺37.94
-6.0%
20.7%₺47.00₺19.30n/a11
Apr ’25₺30.02
₺35.71
+18.9%
25.6%₺47.00₺19.30n/a11
Mar ’25₺31.30
₺35.98
+14.9%
26.5%₺47.00₺19.30n/a10
Feb ’25₺34.30
₺33.44
-2.5%
27.1%₺47.00₺19.30n/a11
Jan ’25₺24.36
₺27.85
+14.3%
11.1%₺31.58₺22.00₺43.4811
Dec ’24₺24.18
₺27.85
+15.2%
11.1%₺31.58₺22.00₺46.0411
Nov ’24₺19.24
₺26.82
+39.4%
10.1%₺30.27₺22.00₺48.2411
Oct ’24₺23.40
₺25.80
+10.2%
11.3%₺28.96₺18.30₺48.9611
Sep ’24₺26.16
₺24.15
-7.7%
22.3%₺28.96₺10.00₺48.3612
Aug ’24₺21.70
₺23.18
+6.8%
22.2%₺28.40₺10.00₺51.7013
Jul ’24₺20.74
₺22.19
+7.0%
22.8%₺27.70₺10.00₺47.2614
Jun ’24₺16.30
₺22.19
+36.2%
22.8%₺27.70₺10.00₺46.1214
May ’24₺16.27
₺22.09
+35.8%
26.2%₺27.70₺10.00₺40.3814
Apr ’24₺16.65
₺21.92
+31.6%
27.2%₺28.70₺10.00₺30.0213
Mar ’24₺18.03
₺20.69
+14.8%
31.0%₺28.70₺10.00₺31.3013
Feb ’24₺19.55
₺19.51
-0.2%
33.5%₺28.70₺10.00₺34.3013
Jan ’24₺24.56
₺13.87
-43.5%
28.4%₺23.26₺7.80₺24.3613
Analyst Price Target
Consensus Narrative from 9 Analysts
₺61.96
Fair Value
25.6% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 04:43
End of Day Share Price 2025/01/08 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Türk Telekomünikasyon Anonim Sirketi is covered by 37 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bora TezgülerAk Yatirim Menkul Degerler A.S.
Tibor BokorArqaam Capital Research Offshore S.A.L.
null nullAta Invest