Tera Yatirim Menkul Degerler Valuation

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

TERA (TRY27.68) is trading above our estimate of [[fair value]] (TRY0.07)

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: TERA (TRY27.68) is trading above our estimate of fair value (TRY0.07)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for TERA. This is calculated by dividing TERA's market cap by their current revenue.
What is TERA's PS Ratio?
PS Ratio	1.1x
Sales	₺3.92b
Market Cap	₺4.36b

TERA 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TERA 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	0.1x
A1CAP A1 Capital Yatirim Menkul Degerler	0.1x	n/a	₺3.3b
GEDIK Gedik Yatirim Menkul Degerler	0.1x	n/a	₺7.1b
GLBMD Global Menkul Degerler Anonim Sirketi	0.1x	n/a	₺1.4b
SKYMD Seker Yatirim Menkul Degerler	0.06x	n/a	₺1.7b
TERA Tera Yatirim Menkul Degerler	1.1x	n/a	₺4.4b

Price-To-Sales vs Peers: TERA is expensive based on its Price-To-Sales Ratio (1.1x) compared to the peer average (0.1x).

Price to Sales Ratio vs Industry

How does TERA's PS Ratio compare vs other companies in the TR Capital Markets Industry?

10 Companies	Price / Sales	Estimated Growth	Market Cap
ISMEN Is Yatirim Menkul Degerler Anonim Sirketi	0.08x	-99.7%	US$1.70b
GEDIK Gedik Yatirim Menkul Degerler	0.1x	n/a	US$205.68m
A1CAP A1 Capital Yatirim Menkul Degerler	0.1x	n/a	US$94.02m
UNLU ÜNLÜ Yatirim Holding	0.07x	n/a	US$72.97m

10 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: TERA is good value based on its Price-To-Sales Ratio (1.1x) compared to the TR Capital Markets industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is TERA'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.

TERA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TERA's Price-To-Sales 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.