TAV Havalimanlari Holding AS (FRA:5THA) Beginning Cash Position: €208 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:5THA TAV Havalimanlari Holding AS FRA:5THA
73 GF Score
Price €20.20
GF Value €27.57
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is TAV Havalimanlari Holding AS Beginning Cash Position?

TAV Havalimanlari Holding AS FRA:5THA +1.59% 73 Beginning Cash Position is €208 Mil as of Jun. 2026. GuruFocus rates FRA:5THA with a GF Score™ of 73/100 and a GF Value™ of €27.57 (Possible Value Trap). The stock has 8 warning signs investors should review.

TAV Havalimanlari Holding AS's Beginning Cash Position for the quarter that ended in Jun. 2026 was €208 Mil.

TAV Havalimanlari Holding AS's quarterly Beginning Cash Position increased from Dec. 2025 (€439 Mil) to Mar. 2026 (€476 Mil) but then declined from Mar. 2026 (€476 Mil) to Jun. 2026 (€208 Mil).

TAV Havalimanlari Holding AS's annual Beginning Cash Position increased from Dec. 2023 (€250 Mil) to Dec. 2024 (€529 Mil) but then declined from Dec. 2024 (€529 Mil) to Dec. 2025 (€350 Mil).

TAV Havalimanlari Holding AS Beginning Cash Position Related Terms

TAV Havalimanlari Holding AS Beginning Cash Position Historical Data

* Premium members only.

The historical data trend for TAV Havalimanlari Holding AS's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TAV Havalimanlari Holding AS Beginning Cash Position Chart

TAV Havalimanlari Holding AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 603.91 92.52 250.23 528.91 349.79

TAV Havalimanlari Holding AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 314.52 304.46 438.64 476.33 207.96
FRA:5THA
73GF Score
TAV Havalimanlari Holding AS FRA:5THA
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TAV Havalimanlari Holding AS Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of €208 Mil mean?
TAV Havalimanlari Holding AS (FRA:5THA) has a Beginning Cash Position of €208 Mil as of Jun. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on TAV Havalimanlari Holding AS and its competitors.
Is TAV Havalimanlari Holding AS's Beginning Cash Position too high?
TAV Havalimanlari Holding AS's current Beginning Cash Position is €208 Mil. Overall, TAV Havalimanlari Holding AS has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TAV Havalimanlari Holding AS's Beginning Cash Position compare to JOBY and CAAP?
TAV Havalimanlari Holding AS's Beginning Cash Position of €208 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Transportation company?
A good Beginning Cash Position depends on the Transportation industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on TAV Havalimanlari Holding AS and its competitors. TAV Havalimanlari Holding AS's current Beginning Cash Position is €208 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAV Havalimanlari Holding AS stock overvalued right now?
Based on GuruFocus' analysis, TAV Havalimanlari Holding AS (FRA:5THA) is currently considered Possible Value Trap. The stock's GF Value™ is €27.57, compared to a current price of €20.20 — trading 26.7% below its estimated fair value. The current Beginning Cash Position is €208 Mil. TAV Havalimanlari Holding AS's overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For TAV Havalimanlari Holding AS (FRA:5THA), the current Beginning Cash Position is €208 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TAV Havalimanlari Holding AS (FRA:5THA) Overvalued in 2026?

Based on GuruFocus' analysis, TAV Havalimanlari Holding AS stock appears to be undervalued. The current stock price of €20.20 is trading 26.7% below its estimated GF Value™ of €27.57. GuruFocus considers TAV Havalimanlari Holding AS to be Possible Value Trap.

Key valuation signals for FRA:5THA:

  • Beginning Cash Position: €208 Mil
  • GF Value™: €27.57 vs. price of €20.20 (26.7% below fair value)
  • GF Score™: 73/100 with 8 warning signs

No single metric tells the full story. See the FRA:5THA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TAV Havalimanlari Holding AS Business Description

Address Ayazaga Mahallesi, Azerbaycan Caddesi, 2C Blok No:3L/6, Vadistanbul Bulvar, Sariyer, Istanbul, TUR, 34485
TAV Havalimanlari Holding AS constructs, manages, and operates terminal buildings and the operation of terminals or airports. The company organises itself into five segments: Terminal operations, Catering operations, Duty free operations, Ground handling and bus operations, and Other operations. Terminal operations, which contribute approximately half the company's revenue and the majority of profit, operate terminal buildings and car parks. Ground handling, bus operations, and duty-free operations are the next segments. The company is headquartered in Turkey and derives the majority of its revenue domestically.
73GF Score

Get the complete analysis for FRA:5THA

Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€20.20
Price
€27.57
GF Value