Halk Gayrimenkul Yatirim Ortakligi Valuation

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

HLGYO (TRY2.57) is trading above our estimate of [[fair value]] (TRY0.07)

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

Below Fair Value: HLGYO (TRY2.57) is trading above our estimate of fair value (TRY0.07)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HLGYO. This is calculated by dividing HLGYO's market cap by their current earnings.
What is HLGYO's PE Ratio?
PE Ratio	13.1x
Earnings	₺720.60m
Market Cap	₺9.46b

HLGYO 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	30.2x
Enterprise Value/EBITDA	8.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HLGYO 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	6.5x
VKGYO Vakif Gayrimenkul Yatirim Ortakligi	1x	n/a	₺7.3b
MHRGY MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi	8.4x	n/a	₺4.0b
PAGYO Panora Gayrimenkul Yatirim Ortakligi	2.1x	n/a	₺6.0b
AKMGY Akmerkez Gayrimenkul Yatirim Ortakligi	14.4x	n/a	₺7.9b
HLGYO Halk Gayrimenkul Yatirim Ortakligi	13.1x	n/a	₺9.5b

Price-To-Earnings vs Peers: HLGYO is expensive based on its Price-To-Earnings Ratio (13.1x) compared to the peer average (6.5x).

Price to Earnings Ratio vs Industry

How does HLGYO's PE Ratio compare vs other companies in the Asian Office REITs Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: HLGYO is good value based on its Price-To-Earnings Ratio (13.1x) compared to the Asian Office REITs industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is HLGYO'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.

HLGYO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.1x
Fair PE Ratio	n/a

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

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