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FORTE.IS$95.65+3.29%
Fair $95.65+0.0%

FORTE.IS

Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi A.S.

Technology / Software - ApplicationIstanbul

$95.65

+3.05 (+3.29%)

Fairly Valued+0.0%Fair Value $95.65Fund rank 28/100 · Data gapFallback financials|
SA 57/C
F-Score: 5/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 34% · confianza 18%

FCF escenarios

weak_data · normalized FCF $166.5M · quality 45.3/100

Data gap 28/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 28/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

57/100

C

Piotroski

5/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · FORTE.ISLocal privado en este navegador · Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi A.S.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$6.4B

P/E

2.7x

↓

EV/EBITDA

2.7x

↓

ROE

94.4%

↑

Gross Margin

41.0%

↑

Debt/Equity

0.73

↑
52-Week Range$96
$65$119

TradingView lightweight chart

FORTE.IS price, volumen y niveles de valoración

Último $95.65Periodo +19.3%
Fair value: $95.65

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+52.7%

FCF CAGR

—

FCF margin

107.7%

FCF / Net income

1.13x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.44B · net income $2.33B · FCF $2.63B

2022-FY → 2025-FY

Gross margin

41.0%+14.9% pts

Operating margin

30.0%+8.6% pts

Net margin

95.6%+87.5% pts

FCF margin

107.7%+116.3% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.44B$2.44B$2.33B$959.9M$685.1M
Net Income$2.33B$2.33B$-107.4M$12.2M$55.3M
EBITDA$2.90B$2.90B$7.5M$135.1M$101.7M
EPS——-1.620.231.23
Gross Margin41.0%41.0%18.2%34.0%26.2%
Operating Margin30.0%30.0%10.2%24.6%21.4%
Net Margin95.6%95.6%-4.6%1.3%8.1%
Balance Sheet
Debt/Equity0.730.730.150.130.60
Current Ratio1.361.36———
Cash Flow
Free Cash Flow$2.63B$2.63B$-163.1M$166.5M$-58.7M
Returns
ROE94.4%94.4%-10.7%1.4%20.2%
Valuation
P/E2.662.66———
EV/EBITDA2.652.65483.92——
P/B2.602.603.59——
Growth & Yield
Revenue Growth4.5%4.5%142.9%40.1%—
EPS Growth——-804.3%-81.3%—
Dividend Yield0.1%0.1%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +46.7%

Total return

+46.7%

Start / end P/E

n/dx → n/dx

EPS bridge

-1.62 → n/d

Residual

+46.6%

EPS growthn/d
Multiple reratingn/d
Dividend+0.1%
Residual / FX / buybacks / cross-term+46.6%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.