Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. stock TRY 18.03, price TRY 18.32, that is 1.6% below the price, quality 46 out of 100. Rating: fairly valued. Calculated from audited financials with 14 of our 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 Nov 3, 2026.
How to read this chart
37‑month range 15.80 TRY – 65.31 TRY · fair‑value band 16.49 TRY – 19.25 TRY · the 18.32 TRY price screens above the 18.03 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. manufactures and sells iron, steel mesh, and reinforcing bar products in Turkey. It offers cold drawing rods and pipe ducts, as well as prefabricated, reinforced concrete structure, and concrete transformer substation mesh products.
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Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. was founded in 1985 and is headquartered in Ankara, Turkey.
Stock analysis
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER) currently trades at 18.32 TRY, while our model-based Fair Value estimate is 18.03 TRY, so the stock looks roughly fairly valued today (gap 1.6%).
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Valuation
Bull case: the Multiples group reads highest at a median of 31.99 TRY per share, and 4 of the 14 models we run sit above the 18.32 TRY price.
Bear case: the Asset-Based group reads lowest at 4.90 TRY, and 10 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: 16.49 TRY (bear) to 19.25 TRY (bull), the price of 18.32 TRY sits inside 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 46/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. reported revenue of 6.9B TRY in FY2025 versus 927M TRY in FY2021, a compound +65.1%/yr. Reported net income was 17.1M TRY in FY2025, compounding +28.2%/yr from FY2021.
Key figures
Market cap 1.0B TRY (≈ $20.4M) Micro · P/E ratio 53.9 · P/S ratio 0.13 · EPS (TTM) 0.3400 TRY · Dividend yield 1.0% · Net margin 0.5% · Return on equity 3.0% · Return on assets (EBIT) 5.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (medium confidence).
What moves the price
The share trades about 71% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at −2%, DOFER screens cheaper than that median.
Fair Value models
Bear16.49 TRYFair Value 18.03 TRYBull19.25 TRY
Price 18.32 TRY · Downside -1.6%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.1278 TRY per share) are deliberately not added.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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+48.5%
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.
+33.9%
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.
+61.3%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TRY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+24.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.8%
Dividend (yield on the price)1.0%
Profit margin 2020 to 2024 ⓘ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.3% → 1%
Compare Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. with another stock
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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.Steel · 408 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−1.6% · Above median
Profitability
Return on equity (12 months)3.0% · Below median
Return on assets0.7% · Below median
Net margin (12 months)0.5% · Below median
Operating margin (12 months)1.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)34.9% · Top 25%
Dividend yield (12 months)1.0% · Below median
Valuation Multiplesvs Steel median · lower = cheaper
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). "Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/DOFER
Frequently asked questions
Is Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 18.03 TRY versus a price of 18.32 TRY, about 2% lower (fairly valued).
What is the fair value of DOFER?
Our model-based fair value for Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 18.03 TRY (as of Nov 3, 2026), built from audited fundamentals. The current price: 18.32 TRY.
What is the quality score of DOFER?
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. has a Quality Score of 46/100. 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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Our model-based price target is the fair value of 18.03 TRY (as of Nov 3, 2026) from 14 valuation models. Cautious scenario 16.49 TRY, optimistic scenario 19.25 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. stock forecast for 2026?
Our models put fair value at 18.03 TRY, about 2% lower versus a price of 18.32 TRY (fairly valued). Cautious scenario 16.49 TRY, optimistic scenario 19.25 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 7.8B TRY (latest available figure, as of Nov 3, 2026).
Does Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. pay a dividend?
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. currently shows a dividend yield of 1.04% relative to its recent price (as of Nov 3, 2026).
What is the intrinsic value of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. it is 18.03 TRY per share (as of Nov 3, 2026), against a price of 18.32 TRY. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, DOFER trades above its calculated fair value: price 18.32 TRY, fair value 18.03 TRY, a gap of about −2% (fairly valued). 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 DOFER?
No. The price is what the market pays today (18.32 TRY); the fair value is what the company's own numbers justify (18.03 TRY). For Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. the two are 0.2900 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. worth?
The market values Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. at about 1.0B TRY (market capitalisation, as of Nov 3, 2026). Per share that is 18.32 TRY; our models calculate a fair value of 18.03 TRY per share.
What do the bullish and bearish scenarios say about DOFER?
Our models span a range for Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S.: cautious scenario 16.49 TRY, base 18.03 TRY, optimistic 19.25 TRY per share (as of Nov 3, 2026, price 18.32 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DOFER?
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. trades at a price-to-earnings ratio of 53.9 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 18.03 TRY is built from several models across several years. Other multiples: P/B 0.7, P/S 0.1, EV/EBITDA 3.2.
How solid is the balance sheet of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Balance-sheet figures for Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (as of Nov 3, 2026): return on equity 3.0%. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is DOFER from its 52-week high?
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. trades at 18.32 TRY, about 71% below its 52-week high of 63.12 TRY and 16% above the low of 15.80 TRY (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 18.03 TRY is for.
Which stocks are comparable to Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S.?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel 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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. stock attractive at the current price?
The data as of Nov 3, 2026: price 18.32 TRY, calculated fair value 18.03 TRY (−2%), Quality Score 46/100, from 14 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 DOFER calculated?
We run Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. through 14 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 18.03 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 15.5% above its aggregate fair value. Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. 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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The closing price on Nov 6, 2026 was 18.32 TRY. Our model-based fair value is 18.03 TRY, about 2% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S.
How large is the market capitalisation of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The market capitalisation of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 1.0B TRY (≈ $20.4M). 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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The price-to-sales ratio of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 0.13 (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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Earnings per share at Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. are 0.3400 TRY (price ÷ EPS = P/E 53.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The dividend yield of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 1.0% (payout 55.9%). 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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The net margin of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 0.5% (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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The return on equity (ROE) of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 3.0% (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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
On an EBIT basis the return on assets of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 5.5% (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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The operating margin of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 1.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Revenue at Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is growing +34.9% versus a year earlier (3y avg +33.9%). 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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Earnings per share at Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. are growing +48.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER) generate?
The free cash flow of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is −390M 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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER) carry?
The net debt of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 302M 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.
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Nov 3, 2026