Turk Hava Yollari AO (IST:THYAO) FCF Margin %: 5.83% (As of Mar. 2026) — 51% Below Median


IST:THYAO Turk Hava Yollari AO IST:THYAO
81 GF Score
Price ₺328.50
GF Value ₺465.64
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Turk Hava Yollari AO FCF Margin %?

Turk Hava Yollari AO IST:THYAO +1.15% 81 FCF Margin % is 5.83% as of Mar. 2026, which is 51% below its 10-year median of 11.91. GuruFocus rates IST:THYAO with a GF Score™ of 81/100 and a GF Value™ of ₺465.64 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,006 Transportation companies, Turk Hava Yollari AO ranks better than 65.01% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Turk Hava Yollari AO's Free Cash Flow for the three months ended in Mar. 2026 was ₺15,229 Mil. Turk Hava Yollari AO's Revenue for the three months ended in Mar. 2026 was ₺261,196 Mil. Therefore, Turk Hava Yollari AO's FCF Margin % for the quarter that ended in Mar. 2026 was 5.83%.

As of today, Turk Hava Yollari AO's current FCF Yield % is 19.61%.

The historical rank and industry rank for Turk Hava Yollari AO's FCF Margin % or its related term are showing as below:

IST:THYAO' s FCF Margin % Range Over the Past 10 Years
Min: -11.35   Med: 11.91   Max: 42.95
Current: 8.41


During the past 13 years, the highest FCF Margin % of Turk Hava Yollari AO was 42.95%. The lowest was -11.35%. And the median was 11.91%.

IST:THYAO's FCF Margin % is ranked better than
65.01% of 1006 companies
in the Transportation industry
Industry Median: 4.38 vs IST:THYAO: 8.41


Turk Hava Yollari AO FCF Margin % Related Terms


Turk Hava Yollari AO FCF Margin % Historical Data

* Premium members only.

The historical data trend for Turk Hava Yollari AO's FCF Margin % 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.

Turk Hava Yollari AO FCF Margin % Chart

Turk Hava Yollari AO Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.95 32.26 18.82 14.13 9.47

Turk Hava Yollari AO Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % 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 9.62 18.68 4.14 6.47 5.83

IST:THYAO vs DAL, UAL, LUV: FCF Margin % Comparison

For the Airlines subindustry, Turk Hava Yollari AO's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Turk Hava Yollari AO FCF Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's FCF Margin % falls into.


IST:THYAO
81GF Score
Turk Hava Yollari AO IST:THYAO
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Turk Hava Yollari AO FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Turk Hava Yollari AO's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=97275.13/1027593.824
=9.47 %

Turk Hava Yollari AO's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=15229.415/261195.503
=5.83 %

* 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.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 5.83% mean?
Turk Hava Yollari AO (IST:THYAO) has a FCF Margin % of 5.83% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Turk Hava Yollari AO and its competitors. This is 51% below median its historical median of 11.91. According to the industry distribution chart, Turk Hava Yollari AO ranks #352 out of 1006 companies in the Transportation industry, placing it in the top 35%.
Is Turk Hava Yollari AO's FCF Margin % too high?
Turk Hava Yollari AO's current FCF Margin % of 5.83% is 51% below median its 10-year median of 11.91. The Transportation industry median FCF Margin % is 4.38. Turk Hava Yollari AO's value of 5.83% is 33.1% above this industry median. Based on the distribution chart, Turk Hava Yollari AO ranks #352 out of 1006 companies in the Transportation industry, which is above the industry midpoint. Overall, Turk Hava Yollari AO has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turk Hava Yollari AO's FCF Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Turk Hava Yollari AO ranks #352 out of 1006 companies for FCF Margin %. This puts Turk Hava Yollari AO in the upper half of its industry. The industry median FCF Margin % is 4.38. Turk Hava Yollari AO's value of 5.83% is 33.1% above this benchmark. While the company's 10-year median is 11.91 vs. the industry median of 4.38, Turk Hava Yollari AO has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Transportation company?
The median FCF Margin % among Transportation companies is 4.38, based on 1,006 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Turk Hava Yollari AO's current FCF Margin % of 5.83% is 33.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Turk Hava Yollari AO and its competitors. For the Transportation industry, the median FCF Margin % is 4.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turk Hava Yollari AO's current FCF Margin % is 5.83%, which is 51% below median its own 10-year median of 11.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turk Hava Yollari AO stock overvalued right now?
Based on GuruFocus' analysis, Turk Hava Yollari AO (IST:THYAO) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺465.64, compared to a current price of ₺328.50 — trading 29.5% below its estimated fair value. The current FCF Margin % is 5.83%, which is 51% below median its 10-year median of 11.91 and 33.1% above the Transportation industry median of 4.38. Turk Hava Yollari AO's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Turk Hava Yollari AO (IST:THYAO), the current FCF Margin % is 5.83% as of Mar. 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 Turk Hava Yollari AO (IST:THYAO) Overvalued in 2026?

Based on GuruFocus' analysis, Turk Hava Yollari AO stock appears to be undervalued. The current stock price of ₺328.50 is trading 29.5% below its estimated GF Value™ of ₺465.64. GuruFocus considers Turk Hava Yollari AO to be Modestly Undervalued.

Key valuation signals for IST:THYAO:

  • FCF Margin %: 5.83% (51% below median its 10-year median of 11.91)
  • GF Value™: ₺465.64 vs. price of ₺328.50 (29.5% below fair value)
  • GF Score™: 81/100 with 8 warning signs
  • Industry Position: 33.1% above the Transportation median (#352 of 1006)

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


Turk Hava Yollari AO Business Description

Other Exchanges TKHVY:USATU5A:Germany
Address Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149
Turk Hava Yollari AO is a Turkish airline operator. It has flight networks across the globe, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.
81GF Score

Get the complete analysis for IST:THYAO

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺328.50
Price
₺465.64
GF Value