EN DE
Watch Bor Seker As for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Bor Seker As (BORSK) fair value: what the stock is really worth

As of Nov 3, 2026: fair value (intrinsic value) of Bor Seker As stock TRY 1.56, price TRY 4.47, that is 65.1% below the price, quality 29 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Consumer Defensive TR

BS Bor Seker As logo Thin data Nov 3, 2026

Bor Seker As

BORSK · IS
Very expensive, weak quality

Our calculation puts a fair price 65% below what the stock costs today.

Low debt
Profit last quarter +127% vs. a year ago.
Expensive Growth (revenue 5y +59.0 %/yr in TRY)
Fair value 1.56 TRY · Strongly overvalued (−65.1%)
Quality 29/100
Loss-making · -7.1% net margin (TTM)
Negative free cash flow
Trails peers (3/12)
Narrow moat 17/100
Thin data
Watch Bor Seker As for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

11.09 TRY 4.06 TRY Fair Value 1.56 TRY Feb 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

33‑month range 4.06 TRY – 11.09 TRY · fair‑value band 1.41 TRY – 1.80 TRY · the 4.47 TRY price screens above the 1.56 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.

Follow Bor Seker As in your weekly email

Every Wednesday you see whether Bor Seker As is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Bor Seker A.S. manufactures and sells sugar products in Turkey. It offers granulated sugar, sugar cubes, stick sugar, wet beet pulp, bagged beet pulp, and molasses. The company was founded in 1983 and is headquartered in Istanbul, Turkey.

Stock analysis

Bor Seker As (BORSK) currently trades at 4.47 TRY, while our model-based Fair Value estimate is 1.56 TRY, 65% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of 4.70 TRY per share, and 2 of the 6 models we run sit above the 4.47 TRY price.

Bear case: the Asset-Based group reads lowest at 1.44 TRY, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: 1.41 TRY (bear) to 1.80 TRY (bull), the price of 4.47 TRY sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 29/100 (below-average quality), in the Consumer Defensive sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Bor Seker As reported revenue of 5.3B TRY in FY2025 versus 560M TRY in FY2021, a compound +75.0%/yr. Reported net income was −341M TRY in FY2025.

Key figures

Market cap 4.3B TRY (≈ $85.7M) Micro · P/S ratio 0.85 · EPS (TTM) −0.4100 TRY · Net margin −7.1% · Return on equity −5.4% · Return on assets (EBIT) 18.2% · Operating margin −1.5% · Revenue (TTM) 5.4B TRY.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (medium confidence).

What moves the price

The share trades about 44% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at −2% fair-value upside, at −65%, BORSK screens richer than that median.

Fair Value models

Bear 1.41 TRY Fair Value 1.56 TRY Bull 1.80 TRY
Price 4.47 TRY · Downside -65.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
ROIC Compounder 1.41 TRY 1.56 TRY 1.67 TRY 72
EPV 1.41 TRY 1.56 TRY 1.67 TRY 71
EV/EBITDA 5.48 TRY 7.62 TRY 9.76 TRY 67
All 6 models by family
Earnings-Based
EPV 1.41 TRY 1.56 TRY 1.67 TRY 71
Multiples
EV/EBIT 3.29 TRY 4.70 TRY 6.11 TRY 65
EV/EBITDA 5.48 TRY 7.62 TRY 9.76 TRY 67
EV/Revenue 2.08 TRY 3.37 TRY 4.67 TRY 53
Asset-Based
NCAV (Graham) 0.9500 TRY 1.44 TRY 1.80 TRY 54
Economic Profit
ROIC Compounder 1.41 TRY 1.56 TRY 1.67 TRY 72

Open the full fair value analysis →

Quality Score breakdown

Overall quality 29/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 11
How much profit the company makes from its sales and capital
Quality Growth 23
Are margins and returns getting better?
Cashflow 17
Do the profits arrive as real cash?
Financial strength 66
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 64
How calm the share price moves, does not count
Price momentum 20
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 8
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−4.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+59.0%
Start year 2020 (pandemic)
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
12.6% (2020) → 6.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

BORSK screens overvalued: fair value 65% below the price. Compare with Mondelez International, Inc →

Compare Bor Seker As with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Confectioners · 80 stocks

Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 29 · Bottom 25%
Fair Value upside −65.1% · Bottom 25%
Profitability
Return on assets −3.7% · Bottom 25%
Net margin (12 months) −7.1% · Bottom 25%
Operating margin (12 months) −1.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 7.4% · Top 25%
Dividend yield (12 months) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.02× · Lowest 25%

Valuation Multiplesvs Confectioners median · lower = cheaper

P/B 0.57× · Cheapest 25%
P/S (12 months) 0.80× · Pricier than median
EV/EBITDA 7.7× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 27
FUTURE (revenue growth)37 · sector 0
PAST (return on equity)0 · sector 25
HEALTH (low debt)99 · sector 89
DIVIDEND (yield)0 · sector 54

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Confectioners stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
LOTTE Corporation 004990 22,300 KRW 66,900 KRW +200% vs BORSK
ORION Corp 271560 116,400 KRW 203,315 KRW +75% vs BORSK
Chocoladefabriken Lindt & Sprüngli AG LISP CHF 8,550 CHF 11,708 +37% vs BORSK
Barry Callebaut AG BARN CHF 1,200 CHF 1,179 −2% vs BORSK
The Hershey Company HSY $167.54 $163.44 −2% vs BORSK
Cofco Sugar Holding 600737 ¥11.96 ¥10.76 −10% vs BORSK
Mondelez International, Inc MDLZ $65.12 $46.95 −28% vs BORSK
Tootsie Roll Industries, Inc TR $38.08 $21.64 −43% vs BORSK
Balrampur Chini Mills Limited BALRAMCHIN ₹654.80 ₹289.69 −56% vs BORSK
Guangxi Yuegui Guangye Holdings 000833 ¥16.68 ¥6.91 −59% vs BORSK

Explore undervalued stocks

More undervalued Consumer Defensive stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Bor Seker As: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Bor Seker As Fair Value". https://www.fairvalue-calculator.com/stock/BORSK

Frequently asked questions

Is Bor Seker As (BORSK) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 1.56 TRY versus a price of 4.47 TRY, about 65% lower (overvalued).
What is the fair value of BORSK?
Our model-based fair value for Bor Seker As is 1.56 TRY (as of Nov 3, 2026), built from audited fundamentals. The current price: 4.47 TRY.
What is the quality score of BORSK?
Bor Seker As has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bor Seker As (BORSK)?
Our model-based price target is the fair value of 1.56 TRY (as of Nov 3, 2026) from 6 valuation models. Cautious scenario 1.41 TRY, optimistic scenario 1.80 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Bor Seker As stock forecast for 2026?
Our models put fair value at 1.56 TRY, about 65% lower versus a price of 4.47 TRY (overvalued). Cautious scenario 1.41 TRY, optimistic scenario 1.80 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Bor Seker As (BORSK)?
Bor Seker As reported trailing-twelve-month revenue of about 5.4B TRY (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of Bor Seker As (BORSK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bor Seker As it is 1.56 TRY per share (as of Nov 3, 2026), against a price of 4.47 TRY. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Bor Seker As stock overvalued or undervalued in 2026?
As of Nov 3, 2026, BORSK trades above its calculated fair value: price 4.47 TRY, fair value 1.56 TRY, a gap of about −65% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BORSK?
No. The price is what the market pays today (4.47 TRY); the fair value is what the company's own numbers justify (1.56 TRY). For Bor Seker As the two are 2.91 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Bor Seker As worth?
The market values Bor Seker As at about 4.3B TRY (market capitalisation, as of Nov 3, 2026). Per share that is 4.47 TRY; our models calculate a fair value of 1.56 TRY per share.
What do the bullish and bearish scenarios say about BORSK?
Our models span a range for Bor Seker As: cautious scenario 1.41 TRY, base 1.56 TRY, optimistic 1.80 TRY per share (as of Nov 3, 2026, price 4.47 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bor Seker As (BORSK)?
Balance-sheet figures for Bor Seker As (as of Nov 3, 2026): return on equity −5.4%, debt of 0.02 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is BORSK from its 52-week high?
Bor Seker As trades at 4.47 TRY, about 44% below its 52-week high of 7.95 TRY and 1% above the low of 4.41 TRY (as of Nov 3, 2026). Distance from the high says nothing about value: that is what the fair value of 1.56 TRY is for.
Which stocks are comparable to Bor Seker As?
From the same area (Consumer Defensive) we also value Mondelez International, Inc, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Barry Callebaut AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bor Seker As stock attractive at the current price?
The data as of Nov 3, 2026: price 4.47 TRY, calculated fair value 1.56 TRY (−65%), Quality Score 29/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BORSK calculated?
We run Bor Seker As through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 1.56 TRY, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5% above its aggregate fair value. Bor Seker As itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bor Seker As (BORSK)?
The closing price on Nov 3, 2026 was 4.47 TRY. Our model-based fair value is 1.56 TRY, about 65% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bor Seker As right now?
The price sits above even our optimistic bull case (1.80 TRY). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Bor Seker As

How large is the market capitalisation of Bor Seker As (BORSK)?
The market capitalisation of Bor Seker As is 4.3B TRY (≈ $85.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bor Seker As (BORSK)?
The price-to-sales ratio of Bor Seker As is 0.85 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bor Seker As (BORSK)?
Earnings per share at Bor Seker As are −0.4100 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bor Seker As (BORSK)?
The net margin of Bor Seker As is −7.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bor Seker As (BORSK)?
The return on equity (ROE) of Bor Seker As is −5.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bor Seker As (BORSK)?
On an EBIT basis the return on assets of Bor Seker As is 18.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bor Seker As (BORSK)?
The operating margin of Bor Seker As is −1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bor Seker As (BORSK)?
Revenue at Bor Seker As is growing +7.4% versus a year earlier (3y avg +17.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bor Seker As (BORSK)?
Earnings per share at Bor Seker As are growing +127% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bor Seker As (BORSK) generate?
The free cash flow of Bor Seker As is −533M TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Bor Seker As (BORSK) carry?
The net debt of Bor Seker As is 904M TRY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Bor Seker As in the live analysis

One click puts Bor Seker As on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.