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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.
The historical rank and industry rank for Turk Hava Yollari AO's Intrinsic Value: Projected FCF or its related term are showing as below:
IST:THYAO'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.18 Med: 0.31 Max: 0.58
Current: 0.27
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Turk Hava Yollari AO was 0.58. The lowest was 0.18. And the median was 0.31.
IST:THYAO's Price-to-Projected-FCF is ranked better than 90.59% of 733
companies
in the Transportation industry
Industry Median: 0.86
vs IST:THYAO: 0.27
Turk Hava Yollari AO (IST:THYAO) 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.
Turk Hava Yollari AO's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
285.50
/
1643.5935111624
=
0.17
* 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 Intrinsic Value: Projected FCF Related Terms
Turk Hava Yollari AO Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Turk Hava Yollari AO'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.
Turk Hava Yollari AO Intrinsic Value: Projected FCF Chart
IST:THYAO vs DAL, UAL, LUV: Intrinsic Value: Projected FCF Comparison
For the Airlines subindustry, Turk Hava Yollari AO'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.
Turk Hava Yollari AO Price-to-Projected-FCF vs Transportation Industry
For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Turk Hava Yollari AO's Price-to-Projected-FCF falls into.
Turk Hava Yollari AO 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.
* 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 ₺1,047.52 mean?
Turk Hava Yollari AO (IST:THYAO) has a Intrinsic Value: Projected FCF of ₺1,047.52 as of Sep. 21, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Turk Hava Yollari AO and its competitors. According to the industry distribution chart, Turk Hava Yollari AO ranks #69 out of 733 companies in the Transportation industry, placing it in the top 9.4%.
Is Turk Hava Yollari AO's Intrinsic Value: Projected FCF too high?
Turk Hava Yollari AO's current Intrinsic Value: Projected FCF is ₺1,047.52. Based on the distribution chart, Turk Hava Yollari AO ranks #69 out of 733 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Turk Hava Yollari AO has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Turk Hava Yollari AO's Intrinsic Value: Projected FCF compare to DAL and UAL?
According to the Transportation industry distribution chart, Turk Hava Yollari AO ranks #69 out of 733 companies for Intrinsic Value: Projected FCF. This places Turk Hava Yollari AO in the top 9% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.86. 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 Transportation company?
The median Intrinsic Value: Projected FCF among Transportation companies is 0.86, based on 733 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 Turk Hava Yollari AO and its competitors. For the Transportation industry, the median Intrinsic Value: Projected FCF is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turk Hava Yollari AO's current Intrinsic Value: Projected FCF is ₺1,047.52. 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 Possible Value Trap. The stock's GF Value™ is ₺510.61, compared to a current price of ₺285.50 — trading 44.1% below its estimated fair value. The current Intrinsic Value: Projected FCF is ₺1,047.52. Turk Hava Yollari AO's overall GF Score™ is 78/100 with 5 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 Turk Hava Yollari AO (IST:THYAO), the current Intrinsic Value: Projected FCF is ₺1,047.52 as of Sep. 21, 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 ₺285.50 is trading 44.1% below its estimated GF Value™ of ₺510.61.
GuruFocus considers Turk Hava Yollari AO to be Possible Value Trap.
Key valuation signals for IST:THYAO:
Intrinsic Value: Projected FCF: ₺1,047.52
GF Value™: ₺510.61 vs. price of ₺285.50 (44.1% below fair value)
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 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.
78GF Score
Get the complete analysis for IST:THYAO
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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