Arçelik Anonim Sirketi Valuation

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

RCAA (€14.6) is trading above our estimate of [[fair value]] (€14.14)

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: RCAA (€14.6) is trading above our estimate of fair value (€14.14)

Significantly Below Fair Value: RCAA is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As RCAA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for RCAA. This is calculated by dividing RCAA's market cap by their current revenue.
What is RCAA's PS Ratio?
PS Ratio	0.3x
Sales	₺294.45b
Market Cap	₺83.38b

RCAA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.7x
Enterprise Value/EBITDA	21x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does RCAA's PS Ratio compare to its peers?

The above table shows the PS ratio for RCAA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.1x
EIN3 Einhell Germany	0.7x	6.1%	€737.1m
BOSS Hugo Boss	0.7x	4.4%	€2.8b
PUM PUMA	0.8x	7.0%	€6.9b
TNIE tonies	2x	20.0%	€802.6m
RCAA Arçelik Anonim Sirketi	0.3x	26.1%	€83.4b

Price-To-Sales vs Peers: RCAA is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does RCAA's PS Ratio compare vs other companies in the European Consumer Durables Industry?

13 Companies	Price / Sales	Estimated Growth	Market Cap

13 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: RCAA is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Consumer Durables industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

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

RCAA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	1.1x

Price-To-Sales vs Fair Ratio: RCAA is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.