Desa Deri venayi Ticaret AS (IST:DESA) ROE %: 10.91% (As of Mar. 2026) — 28% Below Median

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IST:DESA Desa Deri ve Sanayi Ticaret AS IST:DESA
71 GF Score
Price ₺9.24
GF Value ₺11.93
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Desa Deri venayi Ticaret AS ROE %?

Desa Deri venayi Ticaret AS IST:DESA -4.25% 71 ROE % is 10.91% as of Mar. 2026, which is 28% below its 10-year median of 15.24. GuruFocus rates IST:DESA with a GF Score™ of 71/100 and a GF Value™ of ₺11.93 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,024 Manufacturing - Apparel & Accessories companies, Desa Deri venayi Ticaret AS ranks better than 83.59% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Desa Deri venayi Ticaret AS's annualized net income for the quarter that ended in Mar. 2026 was ₺446 Mil. Desa Deri venayi Ticaret AS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₺4,088 Mil. Therefore, Desa Deri venayi Ticaret AS's annualized ROE % for the quarter that ended in Mar. 2026 was 10.91%.

The historical rank and industry rank for Desa Deri venayi Ticaret AS's ROE % or its related term are showing as below:

IST:DESA' s ROE % Range Over the Past 10 Years
Min: -23.49   Med: 15.24   Max: 41.54
Current: 14.95

During the past 13 years, Desa Deri venayi Ticaret AS's highest ROE % was 41.54%. The lowest was -23.49%. And the median was 15.24%.

IST:DESA's ROE % is ranked better than
83.59% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.04 vs IST:DESA: 14.95

Desa Deri venayi Ticaret AS  (IST:DESA) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=445.944/4088.178
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(445.944 / 3797.484)*(3797.484 / 5547.122)*(5547.122 / 4088.178)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.74 %*0.6846*1.3569
=ROA %*Equity Multiplier
=8.04 %*1.3569
=10.91 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=445.944/4088.178
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (445.944 / 587.464) * (587.464 / 690.104) * (690.104 / 3797.484) * (3797.484 / 5547.122) * (5547.122 / 4088.178)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7591 * 0.8513 * 18.17 % * 0.6846 * 1.3569
=10.91 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Desa Deri venayi Ticaret AS ROE % Related Terms


Desa Deri venayi Ticaret AS ROE % Historical Data

* Premium members only.

The historical data trend for Desa Deri venayi Ticaret AS's ROE % 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.

Desa Deri venayi Ticaret AS ROE % Chart

Desa Deri venayi Ticaret AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.64 29.97 41.54 14.66 15.82

Desa Deri venayi Ticaret AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 19.46 14.36 12.85 21.94 10.91

IST:DESA vs NKE, DECK, ONON: ROE % Comparison

For the Footwear & Accessories subindustry, Desa Deri venayi Ticaret AS's ROE %, along with its competitors' market caps and ROE % 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.


Desa Deri venayi Ticaret AS ROE % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Desa Deri venayi Ticaret AS's ROE % distribution charts can be found below:

* The bar in red indicates where Desa Deri venayi Ticaret AS's ROE % falls into.


IST:DESA
71GF Score
Desa Deri ve Sanayi Ticaret AS IST:DESA
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Desa Deri venayi Ticaret AS ROE % Calculation

Desa Deri venayi Ticaret AS's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=580.509/( (3506.372+3834.239)/ 2 )
=580.509/3670.3055
=15.82 %

Desa Deri venayi Ticaret AS's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=445.944/( (3834.239+4342.117)/ 2 )
=445.944/4088.178
=10.91 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 10.91% mean?
Desa Deri venayi Ticaret AS (IST:DESA) has a ROE % of 10.91% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Desa Deri venayi Ticaret AS and its competitors. This is 28% below median its historical median of 15.24. According to the industry distribution chart, Desa Deri venayi Ticaret AS ranks #168 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 16.4%.
Is Desa Deri venayi Ticaret AS's ROE % too high?
Desa Deri venayi Ticaret AS's current ROE % of 10.91% is 28% below median its 10-year median of 15.24. The Manufacturing - Apparel & Accessories industry median ROE % is 4.04. Desa Deri venayi Ticaret AS's value of 10.91% is 170% above this industry median. Based on the distribution chart, Desa Deri venayi Ticaret AS ranks #168 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Desa Deri venayi Ticaret AS has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Desa Deri venayi Ticaret AS's ROE % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Desa Deri venayi Ticaret AS ranks #168 out of 1024 companies for ROE %. This places Desa Deri venayi Ticaret AS in the top 16% of its industry — outperforming the majority of peers. The industry median ROE % is 4.04. Desa Deri venayi Ticaret AS's value of 10.91% is 170% above this benchmark. While the company's 10-year median is 15.24 vs. the industry median of 4.04, Desa Deri venayi Ticaret AS 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 ROE % for a Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.04, based on 1,024 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Desa Deri venayi Ticaret AS's current ROE % of 10.91% is 170% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Desa Deri venayi Ticaret AS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Desa Deri venayi Ticaret AS's current ROE % is 10.91%, which is 28% below median its own 10-year median of 15.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Desa Deri venayi Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Desa Deri venayi Ticaret AS (IST:DESA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺11.93, compared to a current price of ₺9.24 — trading 22.5% below its estimated fair value. The current ROE % is 10.91%, which is 28% below median its 10-year median of 15.24 and 170% above the Manufacturing - Apparel & Accessories industry median of 4.04. Desa Deri venayi Ticaret AS's overall GF Score™ is 71/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Desa Deri venayi Ticaret AS (IST:DESA), the current ROE % is 10.91% 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 Desa Deri venayi Ticaret AS (IST:DESA) Overvalued in 2026?

Based on GuruFocus' analysis, Desa Deri venayi Ticaret AS stock appears to be undervalued. The current stock price of ₺9.24 is trading 22.5% below its estimated GF Value™ of ₺11.93. GuruFocus considers Desa Deri venayi Ticaret AS to be Modestly Undervalued.

Key valuation signals for IST:DESA:

  • ROE %: 10.91% (28% below median its 10-year median of 15.24)
  • GF Value™: ₺11.93 vs. price of ₺9.24 (22.5% below fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 170% above the Manufacturing - Apparel & Accessories median (#168 of 1024)

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


Desa Deri venayi Ticaret AS Business Description

Address Halkali Cad. Number 208, Sefakoy, Istanbul, TUR, 34295
Desa Deri ve Sanayi Ticaret AS designs, manufactures, markets, and sells leather apparel and accessories for men and women. The company's products include leather jackets, wallets, iPad case, and handbags, among others.
71GF Score

Get the complete analysis for IST:DESA

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

₺9.24
Price
₺11.93
GF Value