
Haci Ömer Sabanci Holding A.S. (SAHOL.IS)
ValueMarkers Composite Index
100% below intrinsic value ($1,597)
Haci Ömer Sabanci Holding A.S. (SAHOL.IS) — VMCI valuation read
Headline read on SAHOL.IS: VMCI of 62/100 versus a Financial Services sector median of 50. The 12-point above-median position is what makes Haci Ömer Sabanci Holding A.S. a relative-value candidate in the mid-cap cohort, before any pillar-level review.
Form 4 filings on SAHOL.IS: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.
**Investor frame.** Three reads on SAHOL.IS: value (SAHOL.IS trades at 23.0x earnings, 28% above the Financial Services median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Financial Services median (10.0%)), and risk (net debt to EBITDA of -0.5x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Financial Services 12.0x baseline.
SAHOL.IS rose 2.4% over the trailing 7 days, with a -8.8% read on a 30-day basis.
Haci Ömer Sabanci Holding A.S. operates primarily in the finance, manufacturing, and trading sectors worldwide. It operates through Banking, Financial Services, Industry, Building Materials, Energy, Retail, and Other segments. The company offers corporate and investment, private, commercial, SME, retail, and international banking services, as well as payment system and treasury transaction services; and asset management and financial leasing services. It serves through a network of head office, 711 branches, 5,300 ATMs, and 680,000 POS terminals, as well as Internet and mobile banking services, and digital branches. The company also engages in the production of tires for passenger vehicles, light commercial vehicles, buses, trucks, agricultural, and construction vehicles, as well as buses, batteries, and electric buses; tire and construction reinforcement, and composite technologies; sale, marketing, and spare part services of passenger and commercial vehicles; and distribution of construction and heavy vehicles, and industrial products. In addition, it retails food and non-food products through a network of 754 stores; and technology products through a network of 198 stores, as well as teknosa.com and a mobile application channels. Further, the company engages in the electricity generation, distribution, sale, and trading with 3,607 MW installed capacity through hydroelectric, wind, natural gas, solar, and lignite sources. Additionally, it offers life and non-life insurance, and pension products; white and grey cement products; calcium aluminate cement, clinker, and ready-mixed concrete products; and tourism and information technology solutions, as well as operates hotels. The company was founded in 1967 and is headquartered in Istanbul, Turkey.
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