Baticim Bati Anadolu Cimento Sanayi AS (BTCIM) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Baticim Bati Anadolu Cimento Sanayi AS stock TRY 1.17, price TRY 1.73, that is 32.4% below the price, quality 27 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 31, 2026.
How to read this chart
60‑month range 0.3639 TRY – 7.99 TRY · fair‑value band 0.8600 TRY – 1.59 TRY · the 1.73 TRY price screens above the 1.17 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 31, 2026.
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Batiçim Bati Anadolu Çimento Sanayii Anonim Sirketi operates in the cement industry in Turkey and internationally. It operates through Products based on Stone and Soil; Ready-mixed Concrete; Port Services; and Electricity Production segments.
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The company offers cement clinkers and potassium silicate cements; sulphate resistant, compound, and pozzolanic cements; and aggregate and cement bypass dust products. It is also involved in port operations; gravel and sand quarrying; and the production and sale of electricity.
Batiçim Bati Anadolu Çimento Sanayii Anonim Sirketi was founded in 1966 and is headquartered in Izmir, Turkey.
Stock analysis
Baticim Bati Anadolu Cimento Sanayi AS (BTCIM) currently trades at 1.73 TRY, while our model-based Fair Value estimate is 1.17 TRY, 32% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 2.44 TRY per share, and 1 of the 11 models we run sit above the 1.73 TRY price.
Bear case: the DCF Models group reads lowest at 1.14 TRY, and 10 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.8600 TRY (bear) to 1.59 TRY (bull), the price of 1.73 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 27/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Baticim Bati Anadolu Cimento Sanayi AS reported revenue of 14.3B TRY in FY2025 versus 1.9B TRY in FY2021, a compound +64.9%/yr. Reported net income was −229M TRY in FY2025.
Key figures
Market cap 9.7B TRY (≈ $193M) Micro · P/S ratio 0.66 · EPS (TTM) −0.7800 TRY · Dividend yield 0.4% · Net margin −1.6% · Return on equity −0.4% · Return on assets (EBIT) 4.3% · Operating margin 8.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 75% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −20% fair-value upside, at −32%, BTCIM screens richer than that median.
Fair Value models
Bear0.8600 TRYFair Value 1.17 TRYBull1.59 TRY
Price 1.73 TRY · Downside -32.4%
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.
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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−18.8%
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.
+33.6%
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.
+65.2%
Start year 2020 (pandemic). Over 10 years: +37.3% a year
Revenue growth 22 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.
+20.9%
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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.
−16.8% (2019) → −0.5% (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
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+21.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Turkey: IMF forecast 19.3% a year to 2030, 28.5% from 2016 to 2025) that is about +1.4% a year for the price.
Compare Baticim Bati Anadolu Cimento Sanayi AS with another stock
Price, fair value, quality and upside side by side.
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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.Building Materials · 255 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score27 · Bottom 25%
Fair Value upside−32.4% · Below median
Profitability
Return on assets−0.6% · Bottom 25%
Net margin (12 months)0.0% · Below median
Operating margin (12 months)8.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)−16.4% · Bottom 25%
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Building Materials median · lower = cheaper
P/B0.44× · Cheapest 25%
P/S (12 months)0.71× · Cheaper than median
Price / free cash flow10.5× · Cheaper than median
EV/EBITDA10.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 31
FUTURE (revenue growth)0· sector 11
PAST (return on equity)0· sector 17
HEALTH (low debt)92· sector 92
DIVIDEND (yield)8· sector 46
VALUE 0: the price sits above our fair-value range.
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.
Cite: Fair Value Calculator (2026). "Baticim Bati Anadolu Cimento Sanayi AS Fair Value". https://www.fairvalue-calculator.com/stock/BTCIM
Frequently asked questions
Is Baticim Bati Anadolu Cimento Sanayi AS (BTCIM) overvalued or undervalued?
As of Oct 31, 2026, our model estimates a fair value of 1.17 TRY versus a price of 1.73 TRY, about 32% lower (overvalued).
What is the fair value of BTCIM?
Our model-based fair value for Baticim Bati Anadolu Cimento Sanayi AS is 1.17 TRY (as of Oct 31, 2026), built from audited fundamentals. The current price: 1.73 TRY.
What is the quality score of BTCIM?
Baticim Bati Anadolu Cimento Sanayi AS has a Quality Score of 27/100. 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 Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
Our model-based price target is the fair value of 1.17 TRY (as of Oct 31, 2026) from 11 valuation models. Cautious scenario 0.8600 TRY, optimistic scenario 1.59 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Baticim Bati Anadolu Cimento Sanayi AS stock forecast for 2026?
Our models put fair value at 1.17 TRY, about 32% lower versus a price of 1.73 TRY (overvalued). Cautious scenario 0.8600 TRY, optimistic scenario 1.59 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
Baticim Bati Anadolu Cimento Sanayi AS reported trailing-twelve-month revenue of about 13.5B TRY (latest available figure, as of Oct 31, 2026).
Does Baticim Bati Anadolu Cimento Sanayi AS pay a dividend?
Baticim Bati Anadolu Cimento Sanayi AS currently shows a dividend yield of 0.41% relative to its recent price (as of Oct 31, 2026).
What growth is priced into Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
For today's price to be fair in a discounted-cash-flow model, Baticim Bati Anadolu Cimento Sanayi AS would have to grow free cash flow by +21.0 % per year for five years (discount rate 17.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +65.2 % per year. As of Oct 31, 2026.
What discount rate (WACC) does the fair value of BTCIM use?
Our models discount Baticim Bati Anadolu Cimento Sanayi AS at 17.2 %: a base by market capitalisation (micro), country premium for Turkey. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Baticim Bati Anadolu Cimento Sanayi AS that is +21.0 % per year a year over ten years, using the same discount rate (17.2 %) and the same formula as our fair value.
How much growth has Baticim Bati Anadolu Cimento Sanayi AS (BTCIM) delivered so far?
Over the past 5 years revenue at Baticim Bati Anadolu Cimento Sanayi AS grew +65.2 % a year. The price currently implies +21.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Baticim Bati Anadolu Cimento Sanayi AS (BTCIM) growing?
The median revenue growth in the sector is +9.7 % a year. That is the yardstick for the growth priced into Baticim Bati Anadolu Cimento Sanayi AS (+21.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
The free-cash-flow yield on the price is 9.50 %: that much free cash flow Baticim Bati Anadolu Cimento Sanayi AS produces per unit of market value. When it exceeds the discount rate of our models (17.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Baticim Bati Anadolu Cimento Sanayi AS it is 1.17 TRY per share (as of Oct 31, 2026), against a price of 1.73 TRY. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Baticim Bati Anadolu Cimento Sanayi AS stock overvalued or undervalued in 2026?
As of Oct 31, 2026, BTCIM trades above its calculated fair value: price 1.73 TRY, fair value 1.17 TRY, a gap of about −32% (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 BTCIM?
No. The price is what the market pays today (1.73 TRY); the fair value is what the company's own numbers justify (1.17 TRY). For Baticim Bati Anadolu Cimento Sanayi AS the two are 0.5600 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Baticim Bati Anadolu Cimento Sanayi AS worth?
The market values Baticim Bati Anadolu Cimento Sanayi AS at about 9.7B TRY (market capitalisation, as of Oct 31, 2026). Per share that is 1.73 TRY; our models calculate a fair value of 1.17 TRY per share.
What do the bullish and bearish scenarios say about BTCIM?
Our models span a range for Baticim Bati Anadolu Cimento Sanayi AS: cautious scenario 0.8600 TRY, base 1.17 TRY, optimistic 1.59 TRY per share (as of Oct 31, 2026, price 1.73 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
Balance-sheet figures for Baticim Bati Anadolu Cimento Sanayi AS (as of Oct 31, 2026): return on equity −0.4%, debt of 0.17 per unit of equity. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is BTCIM from its 52-week high?
Baticim Bati Anadolu Cimento Sanayi AS trades at 1.73 TRY, about 75% below its 52-week high of 6.93 TRY and 19% above the low of 1.45 TRY (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of 1.17 TRY is for.
Which stocks are comparable to Baticim Bati Anadolu Cimento Sanayi AS?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Vulcan Materials Company, Martin Marietta Materials, Inc, 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 Baticim Bati Anadolu Cimento Sanayi AS stock attractive at the current price?
The data as of Oct 31, 2026: price 1.73 TRY, calculated fair value 1.17 TRY (−32%), Quality Score 27/100, from 11 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 BTCIM calculated?
We run Baticim Bati Anadolu Cimento Sanayi AS through 11 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 1.17 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. Baticim Bati Anadolu Cimento Sanayi 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 Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
The closing price on Nov 4, 2026 was 1.73 TRY. Our model-based fair value is 1.17 TRY, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Baticim Bati Anadolu Cimento Sanayi AS right now?
The price sits above even our optimistic bull case (1.59 TRY). The favourable scenario is already priced in. Weak quality (27/100) 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. A fairly wide model range (0.8600 TRY to 1.59 TRY) leaves room in how you read the outcome.
Key figures of Baticim Bati Anadolu Cimento Sanayi AS
How large is the market capitalisation of Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
The market capitalisation of Baticim Bati Anadolu Cimento Sanayi AS is 9.7B TRY (≈ $193M). 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 Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
The price-to-sales ratio of Baticim Bati Anadolu Cimento Sanayi AS is 0.66 (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 Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
Earnings per share at Baticim Bati Anadolu Cimento Sanayi AS are −0.7800 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
The dividend yield of Baticim Bati Anadolu Cimento Sanayi AS is 0.4%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
The net margin of Baticim Bati Anadolu Cimento Sanayi AS is −1.6% (fiscal year 2025). 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 Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
The return on equity (ROE) of Baticim Bati Anadolu Cimento Sanayi AS is −0.4% (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 Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
On an EBIT basis the return on assets of Baticim Bati Anadolu Cimento Sanayi AS is 4.3% (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 Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
The operating margin of Baticim Bati Anadolu Cimento Sanayi AS is 8.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
Revenue at Baticim Bati Anadolu Cimento Sanayi AS is growing −16.4% versus a year earlier (3y avg +33.6%). 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 Baticim Bati Anadolu Cimento Sanayi AS (BTCIM)?
Earnings per share at Baticim Bati Anadolu Cimento Sanayi AS are growing −70.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Baticim Bati Anadolu Cimento Sanayi AS (BTCIM) carry?
The net debt of Baticim Bati Anadolu Cimento Sanayi AS is 5.3B TRY (fiscal year 2025, ≈ 5.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 31, 2026