ACKAY (Arcelik AS) Intrinsic Value: Projected FCF: $-11.80 (As of Sep. 10, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

ACKAY Arcelik AS ACKAY
76 GF Score
Price $9.80
GF Value $17.24
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Arcelik AS Intrinsic Value: Projected FCF?

Arcelik AS ACKAY 76 Intrinsic Value: Projected FCF is $-11.80 as of Sep. 10, 2026. GuruFocus rates ACKAY with a GF Score™ of 76/100 and a GF Value™ of $17.24 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 322 Furnishings, Fixtures & Appliances companies, Arcelik AS ranks worse than 310558.7% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-10), Arcelik AS's Intrinsic Value: Projected FCF is $-11.80. The stock price of Arcelik AS is $9.80. Therefore, Arcelik AS's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Arcelik AS's Intrinsic Value: Projected FCF or its related term are showing as below:

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Arcelik AS was 20.43. The lowest was 0.48. And the median was 0.97.

ACKAY's Price-to-Projected-FCF is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 0.84
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Arcelik AS  (OTCPK:ACKAY) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Arcelik AS's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=9.80/-25.955195875416
=

* 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.


Arcelik AS Intrinsic Value: Projected FCF Related Terms


Arcelik AS Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Arcelik AS's Intrinsic Value: Projected FCF 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.

Arcelik AS Intrinsic Value: Projected FCF Chart

Arcelik AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.80 7.92 -0.40 -6.03 -5.95

Arcelik AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF 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 -25.04 -14.47 -5.95 -13.57 -13.74

ACKAY vs SN, SGI, MHK: Intrinsic Value: Projected FCF Comparison

For the Furnishings, Fixtures & Appliances subindustry, Arcelik AS's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.


Arcelik AS Price-to-Projected-FCF vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Arcelik AS's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Arcelik AS's Price-to-Projected-FCF falls into.


ACKAY
76GF Score
Arcelik AS ACKAY
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arcelik AS Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Arcelik AS's Free Cash Flow(6 year avg) = $-320.31.

Arcelik AS's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*-320.3128+1682.054*0.8)/131.575
=-25.96

* 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.

What does a Intrinsic Value: Projected FCF of $-11.80 mean?
Arcelik AS (ACKAY) has a Intrinsic Value: Projected FCF of $-11.80 as of Sep. 10, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Arcelik AS and its competitors. According to the industry distribution chart, Arcelik AS ranks #999999 out of 322 companies in the Furnishings, Fixtures & Appliances industry.
Is Arcelik AS's Intrinsic Value: Projected FCF too high?
Arcelik AS's current Intrinsic Value: Projected FCF is $-11.80. Based on the distribution chart, Arcelik AS ranks #999999 out of 322 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Arcelik AS has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arcelik AS's Intrinsic Value: Projected FCF compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Arcelik AS ranks #999999 out of 322 companies for Intrinsic Value: Projected FCF. This places Arcelik AS in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.84. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Furnishings, Fixtures & Appliances company?
The median Intrinsic Value: Projected FCF among Furnishings, Fixtures & Appliances companies is 0.84, based on 322 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Arcelik AS and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Intrinsic Value: Projected FCF is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arcelik AS's current Intrinsic Value: Projected FCF is $-11.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcelik AS stock overvalued right now?
Based on GuruFocus' analysis, Arcelik AS (ACKAY) is currently considered Possible Value Trap. The stock's GF Value™ is $17.24, compared to a current price of $9.80 — trading 43.2% below its estimated fair value. The current Intrinsic Value: Projected FCF is $-11.80. Arcelik AS's overall GF Score™ is 76/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Arcelik AS (ACKAY), the current Intrinsic Value: Projected FCF is $-11.80 as of Sep. 10, 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 Arcelik AS (ACKAY) Overvalued in 2026?

Based on GuruFocus' analysis, Arcelik AS stock appears to be undervalued. The current stock price of $9.80 is trading 43.2% below its estimated GF Value™ of $17.24. GuruFocus considers Arcelik AS to be Possible Value Trap.

Key valuation signals for ACKAY:

  • Intrinsic Value: Projected FCF: $-11.80
  • GF Value™: $17.24 vs. price of $9.80 (43.2% below fair value)
  • GF Score™: 76/100 with 7 warning signs

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


Arcelik AS Business Description

Other Exchanges ARCLK:TurkeyRCAA:Germany
Address Karaagac Caddesi No 2-6, Sutluce, Beyoglu, Istanbul, TUR, 34445
Arcelik AS is a Turkey-based company that is principally engaged in manufacturing household appliances. Its products consist of consumer durable goods, consumer electronics, kitchen accessories, and small home appliances. It provides after-sale services as well. It supplies products and services under the brands of Altus, Arctic, Arcelik, Beko, Blomberg, Dawlance, Defy, Elektrabregenz, Flavel, Grundig, Leisure, and VoltasBeko among others. The company's reportable segments are White goods and Consumer Electronics. The majority of its revenue is derived from the White goods segment which comprises washing machines, dryers, dishwashers, refrigerators, ovens, cookers, and the services provided for these products. Geographically, key revenue for the company is generated from Europe.
76GF Score

Get the complete analysis for ACKAY

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

$9.80
Price
$17.24
GF Value