Turkcell Iletisim Hizmetleri AS Common Stock (TKC)

FairStock Score: 65/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am a bargain hunter, but I want the bargain to be attached to a durable business. Turkcell operates GSM networks in Turkey, Belarus, Northern Cyprus, Germany, and the Netherlands, and it has the kind of licensed infrastructure that can create switching costs and scale. The latest reported quarter, fiscal Q2 2026, showed revenue of $71.8B and net income of $5.2B, a 7.29% margin. The supplied growth data show revenue growth of 11.19% but profit growth of -71.64%, though the period is not named. That profit collapse is the central issue. FairStock's metrics at the 2026-10-13 close of $5.11 include a P/E of 12.17, a P/B of 0.05, ROE of 6.75%, ROCE of 4.15%, and debt-to-equity of 0.69. The dividend yield is 4.32%, and beta is 0.66. The eye-catching part is valuation: a Graham Number of $36.66 and an 86.06% margin of safety, plus EV/EBITDA of 1.09. But Graham would also ask about solvency and cash. Here the trailing free cash flow is -$8.4B and FCF yield is -152.5%; the Altman Z-Score of 0.76 signals financial stress, even with a Piotroski F-Score of 6/9. FairStock assigns no Lynch category because it has only 0 years of filed annual results and needs 3. So I see a statistically cheap telecom with real operating scale, but negative owner earnings and a collapsing profit trend. Until free cash flow turns positive, the low price may be a warning rather than a margin of safety.

In plain English: Turkcell runs mobile and digital telecom services in Turkey and several other countries. The business is still selling more than a year earlier, but profit has dropped sharply and cash flow is negative, so the picture is mixed. On some accounting and earnings measures the shares look cheap, but the weak cash generation makes that cheapness uncertain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer