Denge Yatirim Holding Valuation

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

DENGE (TRY2.83) is trading above our estimate of [[fair value]] (TRY0.66)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: DENGE (TRY2.83) is trading above our estimate of fair value (TRY0.66)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DENGE. This is calculated by dividing DENGE's market cap by their current earnings.
What is DENGE's PE Ratio?
PE Ratio	1.8x
Earnings	₺466.40m
Market Cap	₺849.00m

DENGE 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	-6.7x
Enterprise Value/EBITDA	4.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DENGE 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	7.9x
HUBVC Hub Girisim Sermayesi Yatirim Ortakligi	4.3x	n/a	₺656.6m
INFO Info Yatirim Menkul Degerler	8.4x	n/a	₺2.1b
GLRYH Güler Yatirim Holding	3.1x	n/a	₺1.4b
OSMEN Osmanli Yatirim Menkul Degerler	16x	n/a	₺3.8b
DENGE Denge Yatirim Holding	1.8x	n/a	₺849.0m

Price-To-Earnings vs Peers: DENGE is good value based on its Price-To-Earnings Ratio (1.8x) compared to the peer average (7.9x).

Price to Earnings Ratio vs Industry

How does DENGE's PE Ratio compare vs other companies in the Asian Capital Markets Industry?

43 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	17.9x	16.3%
DENGE Denge Yatirim Holding	1.8x	n/a	US$24.57m

43 Companies		Estimated Growth	Market Cap
Industry Avg.	17.9x	16.3%
DENGE Denge Yatirim Holding	1.8x	n/a	US$24.57m

No more companies

Price-To-Earnings vs Industry: DENGE is good value based on its Price-To-Earnings Ratio (1.8x) compared to the Asian Capital Markets industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is DENGE'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.

DENGE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	1.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DENGE's Price-To-Earnings Fair Ratio for valuation analysis.

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.