EN DE
Watch Celik Halat ve Tel Sanayi AS for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Celik Halat ve Tel Sanayi AS (CELHA) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Celik Halat ve Tel Sanayi AS stock TRY 5.53, price TRY 29.06, that is 81.0% below the price, quality 15 out of 100. Rating: strongly overvalued. Calculated from audited financials with 5 of our 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

Industrials TR · ISIN TRACELHA91G1

CH Celik Halat ve Tel Sanayi AS logo Thin data Nov 7, 2026

Celik Halat ve Tel Sanayi AS

CELHA · IS
Very expensive, weak quality

Our calculation puts a fair price 81% below what the stock costs today.

Low debt
Generates free cash flow
Mixed Growth (revenue 5y +39.0 %/yr in TRY)
Revenue last quarter 19% below a year ago.
Fair value 5.53 TRY · Strongly overvalued (−81.0%)
Quality 15/100
Loss-making · -28.1% net margin (TTM)
Trails peers (1/10)
Narrow moat 10/100 · thin data
Thin data
⟳ Cyclical⚠ Dilution⚠ Small free float
Watch Celik Halat ve Tel Sanayi AS for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

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

Price vs Fair Value

33.32 TRY 1.08 TRY Fair Value 5.53 TRY Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range 1.08 TRY – 33.32 TRY · fair‑value band 5.17 TRY – 5.81 TRY · the 29.06 TRY price screens above the 5.53 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

Follow Celik Halat ve Tel Sanayi AS in your weekly email

Every Wednesday you see whether Celik Halat ve Tel Sanayi 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

Çelik Halat ve Tel Sanayii A.S. provides steel wire ropes and wires in Turkey and internationally.

Show moreShow less

The company offers steel wire ropes, such as general-purpose ropes; crane ropes comprising plastic-coated core wire ropes, rotation-resistant wire ropes, and non-rotation-resistant wire ropes; marine ropes; mining ropes; elevator ropes, including pre-stretched elevator wire ropes; fishery ropes; forestry ropes, such as swaged wire ropes; and oil and gas ropes for the construction, maritime, fishing, oil, and mining industries, as well as for use in elevators, chair lifts, and cranes.

It also provides industrial steel, industrial galvanized steel, and patented wires for the automotive, white goods, agriculture, defense, furniture, and construction industries; single and multi-strand ropes; and mechanical and galvanized mechanical spring wires.

In addition, the company offers pre-stressed concrete strands for pre-stressed and post-tensioned and post-tensioned bridge beam manufacturing, prefabricated building elements, ground and mine anchors, nuclear power plants, silo construction, and residential and commercial building construction applications; and ACSR wires and strands.

It also serves the port, marine, forestry, energy and sustainable energy, building, cable car, rubber, and other manufacturing industries. The company was incorporated in 1962 and is based in Kartepe, Turkey.

Çelik Halat ve Tel Sanayii A.S. operates as a subsidiary of Artas Insaat Sanayi ve Ticaret A.S.

Stock analysis

Celik Halat ve Tel Sanayi AS (CELHA) currently trades at 29.06 TRY, while our model-based Fair Value estimate is 5.53 TRY, 81% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Asset-Based group reads highest at a median of 5.15 TRY per share, and 0 of the 5 models we run sit above the 29.06 TRY price.

Bear case: the DCF Models group reads lowest at 3.25 TRY, and 5 of the 5 models stay below the price. Data coverage for this calculation is low.

Scenario range: 5.17 TRY (bear) to 5.81 TRY (bull), the price of 29.06 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 15/100 (below-average quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Celik Halat ve Tel Sanayi AS reported revenue of 1.6B TRL in FY2024 versus 331M TRL in FY2020, a compound +48.7%/yr. Reported net income was −128M TRL in FY2024.

Key figures

Market cap 11.2B TRY (≈ $223M) Micro · P/S ratio 4.59 · EPS (TTM) −1.98 TRY · Net margin −7.9% · Return on equity −14.9% · Return on assets (EBIT) 4.2% (5-year average) · Operating margin −20.4% · Revenue (TTM) 2.0B TRY.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 13% below its 52-week high and 246% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −81%, CELHA screens richer than that median.

Fair Value models

Bear 5.17 TRY Fair Value 5.53 TRY Bull 5.81 TRY
Price 29.06 TRY · Downside -81.0%
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
FCF DCF 3.71 TRY 4.40 TRY 5.46 TRY 82
Growth DCF 3.77 TRY 4.36 TRY 5.23 TRY 80
5Y Revenue Exit 2.24 TRY 2.46 TRY 2.78 TRY 74
All 5 models by family
DCF Models
FCF DCF 3.71 TRY 4.40 TRY 5.46 TRY 82
5Y Revenue Exit 2.24 TRY 2.46 TRY 2.78 TRY 74
10Y Revenue Exit 3.04 TRY 3.25 TRY 3.42 TRY 68
Asset-Based
NCAV (Graham) 3.84 TRY 5.15 TRY 7.68 TRY 54
Growth DCF
Growth DCF 3.77 TRY 4.36 TRY 5.23 TRY 80

The fair value above starts from this blend and is adjusted for a cyclical trough year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 15/100

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

Profitability 7
How much profit the company makes from its sales and capital
Quality Growth 5
Are margins and returns getting better?
Cashflow 27
Do the profits arrive as real cash?
Financial strength 74
Debt, balance sheet and risk of trouble
Investment 7
Does it invest with discipline instead of growing at any price?
Low Volatility 40
How calm the share price moves, does not count
Price momentum 92
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 91
Distance to the 52-week high, does not count
New shares 0
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. 48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−33.2%
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.
+39.0%
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.
−37.5%
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.
−1.5% (2019) → −13.6% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
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).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.

CELHA screens overvalued: fair value 81% below the price. Compare with ATI Inc →

Compare Celik Halat ve Tel Sanayi 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.Metal Fabrication · 259 stocks

Beats the industry median on 1/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 15 · Bottom 25%
Fair Value upside −81.0% · Bottom 25%
Profitability
Return on assets −2.8% · Bottom 25%
Net margin (12 months) −28.1% · Bottom 25%
Operating margin (12 months) −20.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −18.5% · Bottom 25%
Balance sheet
Debt / equity 0.00× · Lowest 25%

Valuation Multiplesvs Metal Fabrication median · lower = cheaper

P/B 3.67× · Priciest 25%
P/S (12 months) 5.56× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 69
PAST (return on equity)0 · sector 24
HEALTH (low debt)100 · sector 95
DIVIDEND (yield)0 · sector 25

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 Metal Fabrication stocks, each showing price versus our Fair Value estimate.

Explore undervalued stocks

More undervalued Industrials 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

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.

Celik Halat ve Tel Sanayi AS: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Celik Halat ve Tel Sanayi AS Fair Value". https://www.fairvalue-calculator.com/stock/CELHA

Frequently asked questions

Is Celik Halat ve Tel Sanayi AS (CELHA) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 5.53 TRY versus a price of 29.06 TRY, about 81% lower (overvalued).
What is the fair value of CELHA?
Our model-based fair value for Celik Halat ve Tel Sanayi AS is 5.53 TRY (as of Nov 7, 2026), built from audited fundamentals. The current price: 29.06 TRY.
What is the quality score of CELHA?
Celik Halat ve Tel Sanayi AS has a Quality Score of 15/100. 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 Celik Halat ve Tel Sanayi AS (CELHA)?
Our model-based price target is the fair value of 5.53 TRY (as of Nov 7, 2026) from 5 valuation models. Cautious scenario 5.17 TRY, optimistic scenario 5.81 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Celik Halat ve Tel Sanayi AS stock forecast for 2026?
Our models put fair value at 5.53 TRY, about 81% lower versus a price of 29.06 TRY (overvalued). Cautious scenario 5.17 TRY, optimistic scenario 5.81 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Celik Halat ve Tel Sanayi AS (CELHA)?
Celik Halat ve Tel Sanayi AS reported trailing-twelve-month revenue of about 2.0B TRY (latest available figure, as of Nov 7, 2026).
What growth is priced into Celik Halat ve Tel Sanayi AS (CELHA)?
For today's price to be fair in a discounted-cash-flow model, Celik Halat ve Tel Sanayi AS would have to grow free cash flow by more than 80 % per year for five years (discount rate 16.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +39.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CELHA use?
Our models discount Celik Halat ve Tel Sanayi AS at 16.2 %: a base by market capitalisation (micro), damped by beta 0.77, 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 Celik Halat ve Tel Sanayi AS that is more than 80 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (16.2 %) and the same formula as our fair value.
How much growth has Celik Halat ve Tel Sanayi AS (CELHA) delivered so far?
Over the past 5 years revenue at Celik Halat ve Tel Sanayi AS grew +39.0 % a year. The price currently implies free-cash-flow growth of more than 80 % per 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 Celik Halat ve Tel Sanayi AS (CELHA) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Celik Halat ve Tel Sanayi AS (more than 80 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Celik Halat ve Tel Sanayi AS (CELHA)?
The free-cash-flow yield on the price is 0.47 %: that much free cash flow Celik Halat ve Tel Sanayi AS produces per unit of market value. When it exceeds the discount rate of our models (16.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Celik Halat ve Tel Sanayi AS (CELHA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Celik Halat ve Tel Sanayi AS it is 5.53 TRY per share (as of Nov 7, 2026), against a price of 29.06 TRY. It is the blended result of 5 valuation models in 3 families (DCF Models, Asset-Based, Growth DCF).
Is Celik Halat ve Tel Sanayi AS stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CELHA trades above its calculated fair value: price 29.06 TRY, fair value 5.53 TRY, a gap of about −81% (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 CELHA?
No. The price is what the market pays today (29.06 TRY); the fair value is what the company's own numbers justify (5.53 TRY). For Celik Halat ve Tel Sanayi AS the two are 23.54 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Celik Halat ve Tel Sanayi AS worth?
The market values Celik Halat ve Tel Sanayi AS at about 11.2B TRY (market capitalisation, as of Nov 7, 2026). Per share that is 29.06 TRY; our models calculate a fair value of 5.53 TRY per share.
What do the bullish and bearish scenarios say about CELHA?
Our models span a range for Celik Halat ve Tel Sanayi AS: cautious scenario 5.17 TRY, base 5.53 TRY, optimistic 5.81 TRY per share (as of Nov 7, 2026, price 29.06 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Celik Halat ve Tel Sanayi AS (CELHA)?
Balance-sheet figures for Celik Halat ve Tel Sanayi AS (as of Nov 7, 2026): return on equity −14.9%, debt of 0.00 per unit of equity. They feed the Quality Score of 15/100, which measures business quality independently of the share price.
How far is CELHA from its 52-week high?
Celik Halat ve Tel Sanayi AS trades at 29.06 TRY, about 13% below its 52-week high of 33.32 TRY and 246% above the low of 8.41 TRY (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 5.53 TRY is for.
Which stocks are comparable to Celik Halat ve Tel Sanayi AS?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, 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 Celik Halat ve Tel Sanayi AS stock attractive at the current price?
The data as of Nov 7, 2026: price 29.06 TRY, calculated fair value 5.53 TRY (−81%), Quality Score 15/100, from 5 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 CELHA calculated?
We run Celik Halat ve Tel Sanayi AS through 5 models from 3 families: DCF Models, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 5.53 TRY builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Celik Halat ve Tel 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 Celik Halat ve Tel Sanayi AS (CELHA)?
The closing price on Nov 6, 2026 was 29.06 TRY. Our model-based fair value is 5.53 TRY, about 81% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Celik Halat ve Tel Sanayi AS right now?
The price sits above even our optimistic bull case (5.81 TRY). The favourable scenario is already priced in. Weak quality (15/100) 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. The models converge in a tight band (5.17 TRY to 5.81 TRY), unusually little disagreement for a valuation.

Key figures of Celik Halat ve Tel Sanayi AS

How large is the market capitalisation of Celik Halat ve Tel Sanayi AS (CELHA)?
The market capitalisation of Celik Halat ve Tel Sanayi AS is 11.2B TRY (≈ $223M). 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 Celik Halat ve Tel Sanayi AS (CELHA)?
The price-to-sales ratio of Celik Halat ve Tel Sanayi AS is 4.59 (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 Celik Halat ve Tel Sanayi AS (CELHA)?
Earnings per share at Celik Halat ve Tel Sanayi AS are −1.98 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Celik Halat ve Tel Sanayi AS (CELHA)?
The net margin of Celik Halat ve Tel Sanayi AS is −7.9% (fiscal year 2024). 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 Celik Halat ve Tel Sanayi AS (CELHA)?
The return on equity (ROE) of Celik Halat ve Tel Sanayi AS is −14.9% (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 Celik Halat ve Tel Sanayi AS (CELHA)?
On an EBIT basis the return on assets of Celik Halat ve Tel Sanayi AS is 4.2% (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 Celik Halat ve Tel Sanayi AS (CELHA)?
The operating margin of Celik Halat ve Tel Sanayi AS is −20.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Celik Halat ve Tel Sanayi AS (CELHA)?
Revenue at Celik Halat ve Tel Sanayi AS is growing −18.5% 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 Celik Halat ve Tel Sanayi AS (CELHA)?
Earnings per share at Celik Halat ve Tel Sanayi AS are growing −83.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Celik Halat ve Tel Sanayi AS (CELHA) carry?
The net debt of Celik Halat ve Tel Sanayi AS is 381M TRY (fiscal year 2024, ≈ 27.5 yrs of FCF). 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 Celik Halat ve Tel Sanayi AS in the live analysis

One click puts Celik Halat ve Tel Sanayi 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.