Kocaer Celik Sanayi ve Ticaret Anonim Sirketi (KCAER) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Kocaer Celik Sanayi ve Ticaret Anonim Sirketi stock TRY 3.91, price TRY 10.10, that is 61.3% below the price, quality 39 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
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Kocaer Celik Sanayi ve Ticaret Anonim Sirketi
KCAER · ISOur calculation puts a fair price 61% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
52‑month range 3.02 TRY – 21.83 TRY · fair‑value band 3.80 TRY – 4.29 TRY · the 10.10 TRY price screens above the 3.91 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Kocaer Celik Sanayi ve Ticaret Anonim Sirketi, together with its subsidiaries, engages in the production and sale of iron and steel products in Turkey and internationally.
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It offers merchant bars, such as equal angle, round, square, T, serrated flat, and flat bars; UB and UC universal beams and columns, W beam, IPE beams, HEA/HEB beams, and IPN profiles; PFC, C, UPN, UAC, CH, and UPE channels; and mining and tunneling steel profiles.
The company also provides rasp bars, steel profiles for solar mounting and tracking systems, and underground fortification systems; and window sections.
In addition, it is involved in domestic and international logistics activities; production of electricity and steam energy; and foreign trade services.
The company serves structural steel, solar energy infrastructure, energy transmission line, mining, tunneling, transportation, machinery manufacturing, agriculture, shipbuilding, and defense industries.
Kocaer Celik Sanayi ve Ticaret Anonim Sirketi was incorporated in 1984 and is based in Denizli, Turkey.
Stock analysis
Kocaer Celik Sanayi ve Ticaret Anonim Sirketi (KCAER) currently trades at 10.10 TRY, while our model-based Fair Value estimate is 3.91 TRY, 61% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 16.01 TRY per share, and 4 of the 14 models we run sit above the 10.10 TRY price.
Bear case: the Dividend Discount group reads lowest at 0.5650 TRY, and 10 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: 3.80 TRY (bear) to 4.29 TRY (bull), the price of 10.10 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 39/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Kocaer Celik Sanayi ve Ticaret Anonim Sirketi, reported revenue of 24.1B TRY in FY2025 versus 4.2B TRY in FY2021, a compound +54.6%/yr. Reported net income was 473M TRY in FY2025, compounding +37.5%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 19.3B TRY (≈ $385M) Small · P/E ratio 28.1 · P/S ratio 0.89 · EPS (TTM) 0.3600 TRY · Net margin 2.6% · Return on equity 4.5% · Return on assets (EBIT) 15.1% (5-year average) · Operating margin 10.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (medium confidence).
What moves the price
The share trades about 39% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −38% fair-value upside, at −61%, KCAER screens richer than that median.
Fair Value models
All 14 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
KCAER screens overvalued: fair value 61% below the price. Compare with Nucor Corporation →
Compare Kocaer Celik Sanayi ve Ticaret Anonim Sirketi, with another stock
Price, fair value, quality and upside side by side.
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 · 419 stocks
Valuation Multiplesvs Steel median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Revenue growth by industry
- PEG ratio by industry
- PEG screener for stocks with fair value
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Baoshan Iron & Steel Co 600019 | ¥6.18 | ¥8.07 | +31% | vs KCAER |
| POSCO Holdings 005490 | 271,000 KRW | 240,001 KRW | −11% | vs KCAER |
| Tata Steel Limited TATASTEEL | ₹184.85 | ₹148.08 | −20% | vs KCAER |
| JSW Steel Limited JSWSTEEL | ₹1,347 | ₹1,029 | −24% | vs KCAER |
| ArcelorMittal S.A MT | €58.52 | €36.18 | −38% | vs KCAER |
| Reliance, Inc RS | $427.15 | $211.54 | −50% | vs KCAER |
| Nucor Corporation NUE | $256.47 | $116.49 | −55% | vs KCAER |
| Jindal Steel Limited JINDALSTEL | ₹1,146 | ₹516.03 | −55% | vs KCAER |
| Steel Dynamics, Inc STLD | $236.12 | $89.54 | −62% | vs KCAER |
| Inner Mongolia Baotou Steel Union Co 600010 | ¥2.00 | ¥0.5400 | −73% | vs KCAER |
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Key figures of Kocaer Celik Sanayi ve Ticaret Anonim Sirketi
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