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PAGYO.IS$132.10+1.77%
Fair $132.10+0.0%

PAGYO.IS

Panora Gayrimenkul Yatirim Ortakligi A.S.

Real Estate / REIT - RetailIstanbul

$132.10

+2.30 (+1.77%)

Fairly Valued+0.0%Fair Value $132.10Fund rank 35/100 · Data gapFallback financials|
SA 79/B
F-Score: 6/9

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 100% · confianza 20%

FCF escenarios

weak_data · normalized FCF n/d · quality 92.0/100

Data gap 35/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 70/100Data 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

79/100

B

Piotroski

6/9

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. Sector-specific NAV/AFFO model required: REIT/real-estate targets are disabled until FFO/AFFO/NAV/cap-rate data exists. REIT NAV/AFFO valuation requires positive AFFO/share history or TTM AFFO/share; generic FCF remains disabled.
Thesis & Journal · PAGYO.ISLocal privado en este navegador · Panora Gayrimenkul Yatirim Ortakligi 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

$11.5B

P/E

6.9x

↓

EV/EBITDA

5.7x

↓

ROE

10.3%

↑

Gross Margin

79.8%

↑

Debt/Equity

0.00

↓
52-Week Range$132
$67$155

TradingView lightweight chart

PAGYO.IS price, volumen y niveles de valoración

Último $132.10Periodo +2722.6%
Fair value: $132.10

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

+52.3%

FCF CAGR

+49.4%

FCF margin

56.6%

FCF / Net income

0.40x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.11B · net income $1.57B · FCF $629.2M

2022-FY → 2025-FY

Gross margin

79.8%+8.0% pts

Operating margin

74.1%+5.5% pts

Net margin

141.2%-434.6% pts

FCF margin

56.6%-3.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.11B$1.11B$992.4M$650.5M$314.7M
Net Income$1.57B$1.57B$1.07B$3.81B$1.81B
EBITDA$1.96B$1.96B$1.60B$3.83B$1.81B
EPS18.0518.0512.3543.8120.83
Gross Margin79.8%79.8%77.9%71.8%71.8%
Operating Margin74.1%74.1%70.7%67.9%68.6%
Net Margin141.2%141.2%108.2%585.9%575.8%
Balance Sheet
Debt/Equity0.000.000.000.000.00
Current Ratio3.123.12———
Cash Flow
Free Cash Flow$629.2M$629.2M$414.4M$750.7M$188.9M
Returns
ROE10.3%10.3%7.6%35.7%37.0%
Valuation
P/E6.866.865.210.791.35
EV/EBITDA5.735.733.420.781.26
P/B0.760.760.400.280.50
Growth & Yield
Revenue Growth12.0%12.0%52.6%106.7%—
EPS Growth46.2%46.2%-71.8%110.3%—
Dividend Yield8.9%8.9%———

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

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-13.4%

fácil

EPS terminal req.

$11.72

Spread vs growth

59.6%

5Y implied EPS CAGR

-4.7%

fácil

EPS terminal req.

$14.18

Spread vs growth

50.9%

10Y implied EPS CAGR

2.4%

fácil

EPS terminal req.

$22.84

Spread vs growth

43.8%

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 +96.0%

Total return

+96.0%

Start / end P/E

5.7x → 7.3x

EPS bridge

12.35 → 18.05

Residual

+12.9%

EPS growth+46.2%
Multiple rerating+28.0%
Dividend+8.9%
Residual / FX / buybacks / cross-term+12.9%

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.