Türk Hava Yollari Anonim Ortakligi Valuation

Q: What is the Fair Price of TU5A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

TU5A (€80) is trading below our estimate of [[fair value]] (€93.73)

Is TU5A 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 TU5A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TU5A (€80) is trading below our estimate of fair value (€93.73)

Significantly Below Fair Value: TU5A 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 TU5A?

Key metric: As TU5A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TU5A. This is calculated by dividing TU5A's market cap by their current earnings.
What is TU5A's PE Ratio?
PE Ratio	2.2x
Earnings	₺182.37b
Market Cap	₺396.39b

TU5A 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	1x
Enterprise Value/EBITDA	7.2x
PEG Ratio	-0.2x

Price to Earnings Ratio vs Peers

How does TU5A's PE Ratio compare to its peers?

The above table shows the PE ratio for TU5A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	10.4x
LHA Deutsche Lufthansa	6.7x	14.0%	€7.6b
FRA Fraport	10.6x	3.7%	€4.8b
SIX2 Sixt	13.9x	16.3%	€3.0b
QAN Qantas Airways	10.4x	9.8%	AU$13.1b
TU5A Türk Hava Yollari Anonim Ortakligi	2.2x	-12.1%	€396.4b

Price-To-Earnings vs Peers: TU5A is good value based on its Price-To-Earnings Ratio (2.2x) compared to the peer average (10.4x).

Price to Earnings Ratio vs Industry

How does TU5A's PE Ratio compare vs other companies in the Global Airlines Industry?

4 Companies	Price / Earnings	Estimated Growth	Market Cap

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TU5A is good value based on its Price-To-Earnings Ratio (2.2x) compared to the Global Airlines industry average (10.8x).

Price to Earnings Ratio vs Fair Ratio

What is TU5A'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.

TU5A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	2.2x
Fair PE Ratio	9.3x

Price-To-Earnings vs Fair Ratio: TU5A is good value based on its Price-To-Earnings Ratio (2.2x) 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?

Analyst Forecast: Insufficient data to show price forecast.