Sok Marketler Ticaret Valuation

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

SOKM (TRY39.88) is trading above our estimate of [[fair value]] (TRY8.88)

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

Below Fair Value: SOKM (TRY39.88) is trading above our estimate of fair value (TRY8.88)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SOKM. This is calculated by dividing SOKM's market cap by their current revenue.
What is SOKM's PS Ratio?
PS Ratio	0.2x
Sales	₺138.23b
Market Cap	₺23.66b

SOKM 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	0.2x
Enterprise Value/EBITDA	-4.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SOKM 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	1.9x
MGROS Migros Ticaret	0.4x	18.3%	₺84.1b
BIMAS BIM Birlesik Magazalar	0.8x	18.2%	₺279.5b
ADESE Adese Gayrimenkul Yatirim	5.9x	n/a	₺2.0b
KIMMR Ersan Alisveris Hizmetleri ve Gida Sanayi Ticaret	0.4x	n/a	₺2.3b
SOKM Sok Marketler Ticaret	0.2x	17.6%	₺23.7b

Price-To-Sales vs Peers: SOKM is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does SOKM's PS Ratio compare vs other companies in the Asian Consumer Retailing Industry?

23 Companies	Price / Sales	Estimated Growth	Market Cap

23 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: SOKM is good value based on its Price-To-Sales Ratio (0.2x) compared to the Asian Consumer Retailing industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is SOKM'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.

SOKM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.2x

Price-To-Sales vs Fair Ratio: SOKM is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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 SOKM forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	₺39.88	₺83.73 +109.9%	25.7%	₺123.00	₺58.00	n/a	8
Nov ’25	₺39.60	₺88.24 +122.8%	20.9%	₺123.00	₺58.00	n/a	9
Oct ’25	₺47.28	₺91.83 +94.2%	15.1%	₺123.00	₺75.00	n/a	9
Sep ’25	₺52.80	₺92.02 +74.3%	15.9%	₺123.00	₺75.00	n/a	8
Aug ’25	₺61.00	₺89.05 +46.0%	17.6%	₺123.00	₺75.00	n/a	6
Jul ’25	₺60.85	₺93.73 +54.0%	15.6%	₺123.00	₺75.00	n/a	7
Jun ’25	₺58.55	₺97.30 +66.2%	12.9%	₺123.00	₺80.30	n/a	7
May ’25	₺58.30	₺96.64 +65.8%	12.3%	₺123.00	₺80.30	n/a	8
Apr ’25	₺59.80	₺98.16 +64.1%	12.1%	₺123.00	₺80.30	n/a	7
Mar ’25	₺65.85	₺98.16 +49.1%	12.1%	₺123.00	₺80.30	n/a	7
Feb ’25	₺64.50	₺95.76 +48.5%	12.3%	₺123.00	₺80.30	n/a	8
Jan ’25	₺53.95	₺94.89 +75.9%	12.8%	₺123.00	₺80.30	n/a	8
Dec ’24	₺58.40	₺94.89 +62.5%	12.8%	₺123.00	₺80.30	n/a	8
Nov ’24	₺61.50	₺87.46 +42.2%	26.0%	₺123.00	₺36.40	₺39.60	8
Oct ’24	₺58.20	₺59.36 +2.0%	35.3%	₺90.00	₺32.50	₺47.28	8
Sep ’24	₺62.10	₺52.95 -14.7%	31.9%	₺86.00	₺32.50	₺52.80	9
Aug ’24	₺44.20	₺46.07 +4.2%	16.1%	₺56.00	₺32.50	₺61.00	9
Jul ’24	₺33.30	₺42.77 +28.4%	15.7%	₺56.00	₺32.50	₺60.85	9
Jun ’24	₺27.80	₺42.17 +51.7%	15.7%	₺56.00	₺32.50	₺58.55	10
May ’24	₺33.24	₺40.32 +21.3%	16.7%	₺56.00	₺31.50	₺58.30	10
Apr ’24	₺28.98	₺39.15 +35.1%	18.3%	₺56.00	₺31.50	₺59.80	9
Mar ’24	₺26.78	₺35.86 +33.9%	10.2%	₺42.00	₺31.50	₺65.85	8
Feb ’24	₺23.88	₺34.35 +43.9%	9.6%	₺39.20	₺30.00	₺64.50	8
Jan ’24	₺27.96	₺33.95 +21.4%	7.8%	₺38.90	₺30.00	₺53.95	9
Dec ’23	₺24.06	₺32.00 +33.0%	11.2%	₺36.75	₺25.00	₺58.40	9
Nov ’23	₺24.00	₺30.78 +28.2%	12.1%	₺36.75	₺25.00	₺61.50	9

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.