Risk factor
Considerable default risk
Profitability factor
Greatly undervalued vs peers
About
Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S., a prominent Turkish fashion company headquartered in Istanbul, engages in the design, manufacturing, wholesale, and retail of ready-to-wear clothing for both men and women under its esteemed Vakko brand. Its comprehensive women's collection features a diverse array of apparel, including dresses, blouses, knitwear, jackets, skirts, pants, shorts, t-shirts, and various coats. This is complemented by a selection of accessories such as jewelry, hats, belts, socks, bag accessories, beanies, gloves, and an assortment of scarves and shawls. For men, Vakko offers a sophisticated line comprising suits, jackets, knitwear, shirts, t-shirts, pants, shorts, outerwear, tuxedos, and underwear, alongside accessories like ties, pocket squares, bow ties, belts, socks, bracelets, cufflinks, beanies, hats, gloves, and scarves. Beyond fashion, the company extends its product range to include shoes, bags, home decor items, gourmet chocolates, and cosmetics. Customers can access these products through Vakko's network of physical stores and its online sales platform. The company has been a cornerstone of Turkish fashion since its establishment in 1934.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is undervalued on EV/EBITDA, underpriced o