Ulusal Faktoring Valuation

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

ULUFA (TRY14.03) is trading above our estimate of [[fair value]] (TRY2.02)

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

Below Fair Value: ULUFA (TRY14.03) is trading above our estimate of fair value (TRY2.02)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ULUFA. This is calculated by dividing ULUFA's market cap by their current earnings.
What is ULUFA's PE Ratio?
PE Ratio	2.1x
Earnings	₺881.50m
Market Cap	₺1.87b

ULUFA 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	2x
Enterprise Value/EBITDA	2.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ULUFA 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	4.2x
LIDFA Lider Faktoring	2.7x	n/a	₺1.6b
VAKFN Vakif Finansal Kiralama	3.6x	n/a	₺6.1b
GARFA Garanti Faktoring	5.8x	n/a	₺7.7b
CRDFA Creditwest Faktoring Anonim Sirketi	4.7x	n/a	₺580.0m
ULUFA Ulusal Faktoring	2.1x	n/a	₺1.9b

Price-To-Earnings vs Peers: ULUFA is good value based on its Price-To-Earnings Ratio (2.1x) compared to the peer average (4.2x).

Price to Earnings Ratio vs Industry

How does ULUFA's PE Ratio compare vs other companies in the Asian Diversified Financial Industry?

35 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	19.3x	16.0%
ULUFA Ulusal Faktoring	2.1x	n/a	US$54.55m

35 Companies		Estimated Growth	Market Cap
Industry Avg.	19.3x	16.0%
ULUFA Ulusal Faktoring	2.1x	n/a	US$54.55m

No more companies

Price-To-Earnings vs Industry: ULUFA is good value based on its Price-To-Earnings Ratio (2.1x) compared to the Asian Diversified Financial industry average (19.3x).

Price to Earnings Ratio vs Fair Ratio

What is ULUFA'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.

ULUFA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	2.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ULUFA'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.