Kuzey Boru Anonim Sirketi (KBORU) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Kuzey Boru Anonim Sirketi stock TRY 13.22, price TRY 10.51, upside +25.8%, quality 35 out of 100. Rating: undervalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
35‑month range 6.53 TRY – 30.37 TRY · fair‑value band 9.91 TRY – 16.52 TRY · the 10.51 TRY price screens below the 13.22 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Kuzey Boru Anonim Sirketi produces and sells plastic pipes and fittings in Turkey and internationally. It provides steel, drawn pipes, concrete pipes, polyethylene pipes, polypropylene pipes, ductile pipes, and related products.
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The company also offers infrastructure pipe systems, such as GRP pipe and fittings, corrugated pipe and fittings, HDPE pipe and fittings, telecommunication pipes and fittings and superstructure pipe systems, including PPR pipe and fittings, PVC-U pipe and fittings, and underfloor heating pipes and fittings.
Additionally, it provides logistics, engineering services, after-sales services, accredited laboratory services, and project specific production. The company was founded in 2001 and is based in Aksaray, Turkey.
Stock analysis
Kuzey Boru Anonim Sirketi (KBORU) currently trades at 10.51 TRY, while our model-based Fair Value estimate is 13.22 TRY, implying the stock looks roughly 20% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 46.19 TRY per share, and 8 of the 16 models we run sit above the 10.51 TRY price.
Bear case: the Dividend Discount group reads lowest at 2.08 TRY, and 8 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 9.91 TRY (bear) to 16.52 TRY (bull), the price of 10.51 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 35/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Kuzey Boru Anonim Sirketi reported revenue of 5.3B TRY in FY2026 versus 226M TRY in FY2022, a compound +119.8%/yr. Reported net income was 644M TRY in FY2026, compounding +225.2%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap 6.3B TRY (≈ $126M) Micro · P/E ratio 21.0 · P/S ratio 2.56 · EPS (TTM) 0.5000 TRY · Dividend yield 3.1% · Net margin 12.2% · Return on equity 3.3% · Return on assets (EBIT) 10.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 62% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −22% fair-value upside, at 26%, KBORU screens cheaper than that median.
Fair Value models
Bear9.91 TRYFair Value 13.22 TRYBull16.52 TRY
Price 10.51 TRY · Upside +25.8%
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 2026 figures (about 4 months old). Earnings retained since then (0.1836 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
+2.1%
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.
+52.9%
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.
+118.4%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 3 years), in TRY (mathematically smoothed) ⓘ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 3 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+54.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+51.8%
Dividend (yield on the price)3.1%
Profit margin 2021 to 2026 ⓘ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.8% → 11%
2026 sits 103% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Compare Kuzey Boru Anonim Sirketi 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 · 265 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside+25.8% · Above median
Profitability
Return on equity (12 months)3.3% · Below median
Return on assets5.8% · Top 25%
Net margin (12 months)2.5% · Below median
Operating margin (12 months)21.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)32.4% · Top 25%
Dividend yield (12 months)3.1% · Above median
Balance sheet
Debt / equity0.15× · Below median
Valuation Multiplesvs Building Materials median · lower = cheaper
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Is Kuzey Boru Anonim Sirketi (KBORU) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 13.22 TRY versus a price of 10.51 TRY, about +26% upside (undervalued).
What is the fair value of KBORU?
Our model-based fair value for Kuzey Boru Anonim Sirketi is 13.22 TRY (as of Nov 6, 2026), built from audited fundamentals. The current price: 10.51 TRY.
What is the quality score of KBORU?
Kuzey Boru Anonim Sirketi has a Quality Score of 35/100. 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 Kuzey Boru Anonim Sirketi (KBORU)?
Our model-based price target is the fair value of 13.22 TRY (as of Nov 6, 2026) from 16 valuation models. Cautious scenario 9.91 TRY, optimistic scenario 16.52 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Kuzey Boru Anonim Sirketi stock forecast for 2026?
Our models put fair value at 13.22 TRY, about +26% upside versus a price of 10.51 TRY (undervalued). Cautious scenario 9.91 TRY, optimistic scenario 16.52 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Kuzey Boru Anonim Sirketi (KBORU)?
Kuzey Boru Anonim Sirketi reported trailing-twelve-month revenue of about 6.5B TRY (latest available figure, as of Nov 6, 2026).
Does Kuzey Boru Anonim Sirketi pay a dividend?
Kuzey Boru Anonim Sirketi currently shows a dividend yield of 3.09% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Kuzey Boru Anonim Sirketi (KBORU)?
Kuzey Boru Anonim Sirketi has a dividend yield of 3.1%.
What is the intrinsic value of Kuzey Boru Anonim Sirketi (KBORU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kuzey Boru Anonim Sirketi it is 13.22 TRY per share (as of Nov 6, 2026), against a price of 10.51 TRY. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Kuzey Boru Anonim Sirketi stock overvalued or undervalued in 2026?
As of Nov 6, 2026, KBORU trades below its calculated fair value: price 10.51 TRY, fair value 13.22 TRY, a gap of about +26% (undervalued). 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 KBORU?
No. The price is what the market pays today (10.51 TRY); the fair value is what the company's own numbers justify (13.22 TRY). For Kuzey Boru Anonim Sirketi the two are 2.71 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Kuzey Boru Anonim Sirketi worth?
The market values Kuzey Boru Anonim Sirketi at about 6.3B TRY (market capitalisation, as of Nov 6, 2026). Per share that is 10.51 TRY; our models calculate a fair value of 13.22 TRY per share.
What do the bullish and bearish scenarios say about KBORU?
Our models span a range for Kuzey Boru Anonim Sirketi: cautious scenario 9.91 TRY, base 13.22 TRY, optimistic 16.52 TRY per share (as of Nov 6, 2026, price 10.51 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KBORU?
Kuzey Boru Anonim Sirketi trades at a price-to-earnings ratio of 21.0 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 13.22 TRY is built from several models across several years. Other multiples: P/B 1.4, P/S 1.0, EV/EBITDA 7.3.
How solid is the balance sheet of Kuzey Boru Anonim Sirketi (KBORU)?
Balance-sheet figures for Kuzey Boru Anonim Sirketi (as of Nov 6, 2026): return on equity 3.3%, debt of 0.15 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is KBORU from its 52-week high?
Kuzey Boru Anonim Sirketi trades at 10.51 TRY, about 62% below its 52-week high of 27.76 TRY and 32% above the low of 7.98 TRY (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 13.22 TRY is for.
Which stocks are comparable to Kuzey Boru Anonim Sirketi?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, 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 Kuzey Boru Anonim Sirketi stock attractive at the current price?
The data as of Nov 6, 2026: price 10.51 TRY, calculated fair value 13.22 TRY (+26%), Quality Score 35/100, from 16 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 KBORU calculated?
We run Kuzey Boru Anonim Sirketi through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 13.22 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 15.1% above its aggregate fair value. Kuzey Boru Anonim Sirketi currently trades 20% below its own fair value, and the market average says nothing about that. 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 Kuzey Boru Anonim Sirketi (KBORU)?
The closing price on Nov 10, 2026 was 10.51 TRY. Our model-based fair value is 13.22 TRY, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kuzey Boru Anonim Sirketi right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Kuzey Boru Anonim Sirketi
How large is the market capitalisation of Kuzey Boru Anonim Sirketi (KBORU)?
The market capitalisation of Kuzey Boru Anonim Sirketi is 6.3B TRY (≈ $126M). 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 Kuzey Boru Anonim Sirketi (KBORU)?
The price-to-sales ratio of Kuzey Boru Anonim Sirketi is 2.56 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kuzey Boru Anonim Sirketi (KBORU)?
Earnings per share at Kuzey Boru Anonim Sirketi are 0.5000 TRY (price ÷ EPS = P/E 21.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kuzey Boru Anonim Sirketi (KBORU)?
The dividend yield of Kuzey Boru Anonim Sirketi is 3.1% (payout 65.0%). 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 Kuzey Boru Anonim Sirketi (KBORU)?
The net margin of Kuzey Boru Anonim Sirketi is 12.2% (fiscal year 2026). 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 Kuzey Boru Anonim Sirketi (KBORU)?
The return on equity (ROE) of Kuzey Boru Anonim Sirketi is 3.3% (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 Kuzey Boru Anonim Sirketi (KBORU)?
On an EBIT basis the return on assets of Kuzey Boru Anonim Sirketi is 10.4% (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 Kuzey Boru Anonim Sirketi (KBORU)?
The operating margin of Kuzey Boru Anonim Sirketi is 21.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kuzey Boru Anonim Sirketi (KBORU)?
Revenue at Kuzey Boru Anonim Sirketi is growing +32.4% versus a year earlier (3y avg +52.9%). 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 Kuzey Boru Anonim Sirketi (KBORU)?
Earnings per share at Kuzey Boru Anonim Sirketi are growing −97.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kuzey Boru Anonim Sirketi (KBORU) generate?
The free cash flow of Kuzey Boru Anonim Sirketi is −1.9B TRY (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Kuzey Boru Anonim Sirketi (KBORU) carry?
The net debt of Kuzey Boru Anonim Sirketi is 2.0B TRY (fiscal year 2026). 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 6, 2026