Hektas Ticaret T.A.S Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: HEKTS (TRY3.81) is trading below our estimate of fair value (TRY62.69)

Significantly Below Fair Value: HEKTS is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for HEKTS. This is calculated by dividing HEKTS's market cap by their current revenue.
What is HEKTS's PS Ratio?
PS Ratio	4.8x
Sales	₺1.99b
Market Cap	₺9.64b

HEKTS 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	10.1x
Enterprise Value/EBITDA	-7.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HEKTS 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	8x
TARKM Tarkim Bitki Koruma Sanayi ve Ticaret	16.9x	n/a	₺9.8b
EGGUB Ege Gübre Sanayii	2.7x	n/a	₺5.9b
BAGFS Bagfas Bandirma Gubre Fabrikalari	10.3x	n/a	₺3.0b
GUBRF Gübre Fabrikalari Türk Anonim Sirketi	2.3x	n/a	₺76.7b
HEKTS Hektas Ticaret T.A.S	4.8x	n/a	₺9.6b

Price-To-Sales vs Peers: HEKTS is good value based on its Price-To-Sales Ratio (4.8x) compared to the peer average (8x).

Price to Sales Ratio vs Industry

How does HEKTS'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: HEKTS is expensive based on its Price-To-Sales Ratio (4.8x) compared to the TR Chemicals industry average (2.5x).

Price to Sales Ratio vs Fair Ratio

What is HEKTS'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.

HEKTS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	4.8x
Fair PS Ratio	n/a

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