Bagfas Bandirma Gubre Fabrikalari Valuation

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

BAGFS (TRY21.96) is trading above our estimate of [[fair value]] (TRY1.93)

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

Below Fair Value: BAGFS (TRY21.96) is trading above our estimate of fair value (TRY1.93)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BAGFS. This is calculated by dividing BAGFS's market cap by their current revenue.
What is BAGFS's PS Ratio?
PS Ratio	10.3x
Sales	₺289.21m
Market Cap	₺2.88b

BAGFS 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	23.9x
Enterprise Value/EBITDA	-11.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BAGFS 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	6.7x
EGGUB Ege Gübre Sanayii	2.7x	n/a	₺5.9b
HEKTS Hektas Ticaret T.A.S	4.8x	n/a	₺9.6b
TARKM Tarkim Bitki Koruma Sanayi ve Ticaret	16.9x	n/a	₺9.8b
GUBRF Gübre Fabrikalari Türk Anonim Sirketi	2.3x	n/a	₺76.7b
BAGFS Bagfas Bandirma Gubre Fabrikalari	10.3x	n/a	₺3.0b

Price-To-Sales vs Peers: BAGFS is expensive based on its Price-To-Sales Ratio (10.3x) compared to the peer average (6.7x).

Price to Sales Ratio vs Industry

How does BAGFS's PS Ratio compare vs other companies in the TR Chemicals Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
MEGAP Mega Polietilen Köpük Sanayi ve Ticaret Anonim Sirketi	0.1x	n/a	US$26.42m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: BAGFS is expensive based on its Price-To-Sales Ratio (10.3x) compared to the TR Chemicals industry average (2.5x).

Price to Sales Ratio vs Fair Ratio

What is BAGFS'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.

BAGFS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	10.3x
Fair PS Ratio	n/a

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

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