Selçuk Ecza Deposu Ticaret ve Sanayi Valuation

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

SELEC (TRY79.9) is trading above our estimate of [[fair value]] (TRY55.09)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: SELEC (TRY79.9) is trading above our estimate of fair value (TRY55.09)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SELEC. This is calculated by dividing SELEC's market cap by their current earnings.
What is SELEC's PE Ratio?
PE Ratio	39.6x
Earnings	₺1.25b
Market Cap	₺49.62b

SELEC 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	0.5x
Enterprise Value/EBITDA	15.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SELEC 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	18.6x
MPARK MLP Saglik Hizmetleri	13.1x	20.9%	₺73.9b
TNZTP Tapdi Oksijen Özel Saglik ve Egitim Hizmetleri Sanayi Ticaret	4.4x	n/a	₺8.2b
LKMNH Lokman Hekim Engürüsag Saglik Turizm Egitim Hizmetleri ve Insaat Taahhüt	8.9x	n/a	₺3.7b
MEDTR Meditera Tibbi Malzeme Sanayi ve Ticaret Anonim Sirketi	48.1x	n/a	₺6.2b
SELEC Selçuk Ecza Deposu Ticaret ve Sanayi	39.6x	n/a	₺49.6b

Price-To-Earnings vs Peers: SELEC is expensive based on its Price-To-Earnings Ratio (39.6x) compared to the peer average (18.6x).

Price to Earnings Ratio vs Industry

How does SELEC's PE Ratio compare vs other companies in the Asian Healthcare Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SELEC is expensive based on its Price-To-Earnings Ratio (39.6x) compared to the Asian Healthcare industry average (21.4x).

Price to Earnings Ratio vs Fair Ratio

What is SELEC'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.

SELEC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	39.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SELEC'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?

The above table shows the analyst SELEC 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	₺79.90	₺74.62 -6.6%	12.4%	₺84.50	₺65.40	n/a	4
Nov ’25	₺65.10	₺68.87 +5.8%	12.2%	₺83.14	₺61.50	n/a	4
Oct ’25	₺65.45	₺68.87 +5.2%	12.2%	₺83.14	₺61.50	n/a	4
Sep ’25	₺54.50	₺68.93 +26.5%	12.1%	₺83.14	₺61.50	n/a	4
Aug ’25	₺58.90	₺72.47 +23.0%	12.5%	₺83.14	₺61.50	n/a	4
Jul ’25	₺44.40	₺68.91 +55.2%	11.2%	₺79.55	₺61.50	n/a	3
Jun ’25	₺48.76	₺70.91 +45.4%	8.7%	₺79.55	₺65.67	n/a	3
May ’25	₺52.70	₺68.89 +30.7%	4.9%	₺73.50	₺65.67	n/a	3
Apr ’25	₺50.20	₺68.89 +37.2%	4.9%	₺73.50	₺65.67	n/a	3
Mar ’25	₺58.90	₺68.89 +17.0%	4.9%	₺73.50	₺65.67	n/a	3
Feb ’25	₺62.40	₺68.89 +10.4%	4.9%	₺73.50	₺65.67	n/a	3
Jan ’25	₺61.60	₺67.39 +9.4%	6.6%	₺73.50	₺63.00	n/a	3
Dec ’24	₺55.60	₺67.39 +21.2%	6.6%	₺73.50	₺63.00	n/a	3
Nov ’24	₺53.20	₺59.79 +12.4%	7.0%	₺65.67	₺56.50	₺65.10	3
Oct ’24	₺66.20	₺56.47 -14.7%	1.1%	₺57.20	₺55.70	₺65.45	3
Sep ’24	₺60.45	₺56.47 -6.6%	1.1%	₺57.20	₺55.70	₺54.50	3
Aug ’24	₺44.28	₺49.67 +12.2%	7.6%	₺54.40	₺45.10	₺58.90	3
Jul ’24	₺37.48	₺47.84 +27.6%	12.8%	₺54.40	₺39.62	₺44.40	3
Jun ’24	₺33.70	₺47.84 +42.0%	12.8%	₺54.40	₺39.62	₺48.76	3
May ’24	₺30.40	₺47.84 +57.4%	12.8%	₺54.40	₺39.62	₺52.70	3
Apr ’24	₺31.78	₺47.84 +50.5%	12.8%	₺54.40	₺39.62	₺50.20	3
Mar ’24	₺40.00	₺44.28 +10.7%	24.9%	₺54.40	₺28.93	₺58.90	3
Feb ’24	₺38.50	₺44.28 +15.0%	24.9%	₺54.40	₺28.93	₺62.40	3
Jan ’24	₺40.50	₺29.72 -26.6%	2.6%	₺30.50	₺28.93	₺61.60	2
Dec ’23	₺31.30	₺29.72 -5.1%	2.6%	₺30.50	₺28.93	₺55.60	2
Nov ’23	₺23.34	₺24.92 +6.7%	16.1%	₺28.93	₺20.90	₺53.20	2

Analyst Forecast: Target price is lower than the current share price.