Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS) ROE %: -2.20% (As of Mar. 2026)


IST:HDFGS Hedef Girisim Sermayesi Yati Ortakligi AS IST:HDFGS
75 GF Score
Price ₺2.62
GF Value ₺1.76
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Hedef Girisim Sermayesi Yati Ortakligi AS ROE %?

Hedef Girisim Sermayesi Yati Ortakligi AS IST:HDFGS -0.38% 75 ROE % is -2.20% as of Mar. 2026. GuruFocus rates IST:HDFGS with a GF Score™ of 75/100 and a GF Value™ of ₺1.76 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,612 Asset Management companies, Hedef Girisim Sermayesi Yati Ortakligi AS ranks better than 80.02% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Hedef Girisim Sermayesi Yati Ortakligi AS's annualized net income for the quarter that ended in Mar. 2026 was ₺-86 Mil. Hedef Girisim Sermayesi Yati Ortakligi AS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₺3,923 Mil. Therefore, Hedef Girisim Sermayesi Yati Ortakligi AS's annualized ROE % for the quarter that ended in Mar. 2026 was -2.20%.

The historical rank and industry rank for Hedef Girisim Sermayesi Yati Ortakligi AS's ROE % or its related term are showing as below:

IST:HDFGS' s ROE % Range Over the Past 10 Years
Min: -21.22   Med: 6.91   Max: 98.36
Current: 18.12

During the past 12 years, Hedef Girisim Sermayesi Yati Ortakligi AS's highest ROE % was 98.36%. The lowest was -21.22%. And the median was 6.91%.

IST:HDFGS's ROE % is ranked better than
80.02% of 1612 companies
in the Asset Management industry
Industry Median: 6.395 vs IST:HDFGS: 18.12

Hedef Girisim Sermayesi Yati Ortakligi AS  (IST:HDFGS) 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
=-86.4/3922.927
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-86.4 / 188.836)*(188.836 / 3929.0895)*(3929.0895 / 3922.927)
=Net Margin %*Asset Turnover*Equity Multiplier
=-45.75 %*0.0481*1.0016
=ROA %*Equity Multiplier
=-2.2 %*1.0016
=-2.20 %

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
=-86.4/3922.927
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-86.4 / -86.4) * (-86.4 / 141.696) * (141.696 / 188.836) * (188.836 / 3929.0895) * (3929.0895 / 3922.927)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * -0.6098 * 75.04 % * 0.0481 * 1.0016
=-2.20 %

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.


Hedef Girisim Sermayesi Yati Ortakligi AS ROE % Related Terms


Hedef Girisim Sermayesi Yati Ortakligi AS ROE % Historical Data

* Premium members only.

The historical data trend for Hedef Girisim Sermayesi Yati Ortakligi 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.

Hedef Girisim Sermayesi Yati Ortakligi AS ROE % Chart

Hedef Girisim Sermayesi Yati Ortakligi 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 4.35 33.94 -21.22 -14.75 9.05

Hedef Girisim Sermayesi Yati Ortakligi 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 -55.07 -16.70 44.69 41.87 -2.20

IST:HDFGS vs BLK, BX, KKR: ROE % Comparison

For the Asset Management subindustry, Hedef Girisim Sermayesi Yati Ortakligi 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.


Hedef Girisim Sermayesi Yati Ortakligi AS ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Hedef Girisim Sermayesi Yati Ortakligi AS's ROE % distribution charts can be found below:

* The bar in red indicates where Hedef Girisim Sermayesi Yati Ortakligi AS's ROE % falls into.


IST:HDFGS
75GF Score
Hedef Girisim Sermayesi Yati Ortakligi AS IST:HDFGS
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hedef Girisim Sermayesi Yati Ortakligi AS ROE % Calculation

Hedef Girisim Sermayesi Yati Ortakligi 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 )
=296.221/( (2797.275+3745.654)/ 2 )
=296.221/3271.4645
=9.05 %

Hedef Girisim Sermayesi Yati Ortakligi 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 )
=-86.4/( (3745.654+4100.2)/ 2 )
=-86.4/3922.927
=-2.20 %

* 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 -2.20% mean?
Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS) has a ROE % of -2.20% 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 Hedef Girisim Sermayesi Yati Ortakligi AS and its competitors. According to the industry distribution chart, Hedef Girisim Sermayesi Yati Ortakligi AS ranks #322 out of 1612 companies in the Asset Management industry, placing it in the top 20%.
Is Hedef Girisim Sermayesi Yati Ortakligi AS's ROE % too high?
Hedef Girisim Sermayesi Yati Ortakligi AS's current ROE % is -2.20%. Based on the distribution chart, Hedef Girisim Sermayesi Yati Ortakligi AS ranks #322 out of 1612 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Hedef Girisim Sermayesi Yati Ortakligi AS has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hedef Girisim Sermayesi Yati Ortakligi AS's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, Hedef Girisim Sermayesi Yati Ortakligi AS ranks #322 out of 1612 companies for ROE %. This places Hedef Girisim Sermayesi Yati Ortakligi AS in the top 20% of its industry — outperforming the majority of peers. The industry median ROE % is 6.40. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.40, based on 1,612 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. 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 Hedef Girisim Sermayesi Yati Ortakligi AS and its competitors. For the Asset Management industry, the median ROE % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hedef Girisim Sermayesi Yati Ortakligi AS's current ROE % is -2.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedef Girisim Sermayesi Yati Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺1.76, compared to a current price of ₺2.62 — trading 48.9% above its estimated fair value. The current ROE % is -2.20%. Hedef Girisim Sermayesi Yati Ortakligi AS's overall GF Score™ is 75/100 with 4 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 Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS), the current ROE % is -2.20% 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 Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS) Overvalued in 2026?

Based on GuruFocus' analysis, Hedef Girisim Sermayesi Yati Ortakligi AS stock appears to be overvalued. The current stock price of ₺2.62 is trading 48.9% above its estimated GF Value™ of ₺1.76. GuruFocus considers Hedef Girisim Sermayesi Yati Ortakligi AS to be Significantly Overvalued.

Key valuation signals for IST:HDFGS:

  • ROE %: -2.20%
  • GF Value™: ₺1.76 vs. price of ₺2.62 (48.9% above fair value)
  • GF Score™: 75/100 with 4 warning signs

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


Hedef Girisim Sermayesi Yati Ortakligi AS Business Description

Address Ihlamur Bulvari, No:3/214 Kat:20, Barbaros Mahallesi, Agaoglu My Newwork, Atasehir, Istanbul, TUR, 34746
Hedef Girisim Sermayesi Yati Ortakligi AS makes direct and indirect investments across multiple sectors, with a primary focus on finance and technology. Its investment activities span areas including fintech, software, gaming, real estate, agriculture and food, marketing, media and publishing, education, logistics, healthcare products, materials such as polycarbonate and polymers, renewable energy, consulting, blockchain, cryptocurrency, and SaaS. The company holds investments in more than 15 portfolio companies across these sectors.
75GF Score

Get the complete analysis for IST:HDFGS

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

₺2.62
Price
₺1.76
GF Value