Migros Ticaret AS (IST:MGROS) Intrinsic Value: Projected FCF: ₺1,410.32 (As of Sep. 15, 2026)

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Director of Data and Quant Analytics at GuruFocus
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IST:MGROS Migros Ticaret AS IST:MGROS
85 GF Score
Price ₺538.50
GF Value ₺722.60
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Migros Ticaret AS Intrinsic Value: Projected FCF?

Migros Ticaret AS IST:MGROS -1.64% 85 Intrinsic Value: Projected FCF is ₺1,410.32 as of Sep. 15, 2026. GuruFocus rates IST:MGROS with a GF Score™ of 85/100 and a GF Value™ of ₺722.60 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 228 Retail - Defensive companies, Migros Ticaret AS ranks better than 85.96% 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 (2026-09-15), Migros Ticaret AS's Intrinsic Value: Projected FCF is ₺1,410.32. The stock price of Migros Ticaret AS is ₺538.50. Therefore, Migros Ticaret AS's Price-to-Intrinsic-Value-Projected-FCF of today is 0.4.

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

IST:MGROS' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.29   Med: 0.51   Max: 1.1
Current: 0.38

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Migros Ticaret AS was 1.10. The lowest was 0.29. And the median was 0.51.

IST:MGROS's Price-to-Projected-FCF is ranked better than
85.96% of 228 companies
in the Retail - Defensive industry
Industry Median: 0.825 vs IST:MGROS: 0.38

Migros Ticaret AS  (IST:MGROS) 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.

Migros Ticaret 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
=538.50/1462.5409268285
=0.37

* 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.


Migros Ticaret AS Intrinsic Value: Projected FCF Related Terms


Migros Ticaret AS Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Migros Ticaret 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.

Migros Ticaret AS Intrinsic Value: Projected FCF Chart

Migros Ticaret 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 0.00 0.00 0.00 0.00 1,109.24

Migros Ticaret 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 1,032.96 1,205.00 1,249.17 1,345.18 1,467.09

IST:MGROS vs KR, SFM, ACI: Intrinsic Value: Projected FCF Comparison

For the Grocery Stores subindustry, Migros Ticaret 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.


Migros Ticaret AS Price-to-Projected-FCF vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Migros Ticaret AS's Price-to-Projected-FCF distribution charts can be found below:

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


IST:MGROS
85GF Score
Migros Ticaret AS IST:MGROS
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Migros Ticaret 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 Migros Ticaret AS's Free Cash Flow(6 year avg) = ₺12,523.66.

Migros Ticaret 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*12523.66304+92914.971*0.8)/178.092
=1,462.54

* 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 ₺1,410.32 mean?
Migros Ticaret AS (IST:MGROS) has a Intrinsic Value: Projected FCF of ₺1,410.32 as of Sep. 15, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Migros Ticaret AS and its competitors. According to the industry distribution chart, Migros Ticaret AS ranks #32 out of 228 companies in the Retail - Defensive industry, placing it in the top 14%.
Is Migros Ticaret AS's Intrinsic Value: Projected FCF too high?
Migros Ticaret AS's current Intrinsic Value: Projected FCF is ₺1,410.32. Based on the distribution chart, Migros Ticaret AS ranks #32 out of 228 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Migros Ticaret AS has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Migros Ticaret AS's Intrinsic Value: Projected FCF compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Migros Ticaret AS ranks #32 out of 228 companies for Intrinsic Value: Projected FCF. This places Migros Ticaret AS in the top 14% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.83. 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 Retail - Defensive company?
The median Intrinsic Value: Projected FCF among Retail - Defensive companies is 0.83, based on 228 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 Migros Ticaret AS and its competitors. For the Retail - Defensive industry, the median Intrinsic Value: Projected FCF is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Migros Ticaret AS's current Intrinsic Value: Projected FCF is ₺1,410.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Migros Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Migros Ticaret AS (IST:MGROS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺722.60, compared to a current price of ₺538.50 — trading 25.5% below its estimated fair value. The current Intrinsic Value: Projected FCF is ₺1,410.32. Migros Ticaret AS's overall GF Score™ is 85/100 with 2 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 Migros Ticaret AS (IST:MGROS), the current Intrinsic Value: Projected FCF is ₺1,410.32 as of Sep. 15, 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 Migros Ticaret AS (IST:MGROS) Overvalued in 2026?

Based on GuruFocus' analysis, Migros Ticaret AS stock appears to be undervalued. The current stock price of ₺538.50 is trading 25.5% below its estimated GF Value™ of ₺722.60. GuruFocus considers Migros Ticaret AS to be Modestly Undervalued.

Key valuation signals for IST:MGROS:

  • Intrinsic Value: Projected FCF: ₺1,410.32
  • GF Value™: ₺722.60 vs. price of ₺538.50 (25.5% below fair value)
  • GF Score™: 85/100 with 2 warning signs

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


Migros Ticaret AS Business Description

Address Ataturk Mahallesi Turgut Ozal Bulvari No 7, Atasehir - Istanbul, TUR, 34758
Migros Ticaret AS is a Turkey-based company that is principally engaged in the retail business. The company also operates in the business lines of online food retailing and ready meals, payment and electronic money services, logistics services, media, shopping center management, and others.
85GF Score

Get the complete analysis for IST:MGROS

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

₺538.50
Price
₺722.60
GF Value