Konya Kagit Sanayi ve Ticaret A.S. (KONKA) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Konya Kagit Sanayi ve Ticaret A.S. stock TRY 9.44, price TRY 6.94, upside +36.0%, quality 28 out of 100. Rating: undervalued. Calculated from audited financials with 13 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 9, 2026.
How to read this chart
59‑month range 2.20 TRY – 23.08 TRY · fair‑value band 7.47 TRY – 11.62 TRY · the 6.94 TRY price screens below the 9.44 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Konya Kagit Sanayi ve Ticaret A.S. engages in the production and sale of paper products in Turkey.
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It offers paper rolls; white woodfree offset paper rolls and sheets; copy, ivory, and other colored papers; cardboard and offset printed laminated cardboard box packaging products; and spiraled and single-centered wire- stitched school notebooks, spiral cardboard and plastic spiral PP cover notebooks, separator notebooks, calligraphy notebooks, drawing notebooks and papers, parchment papers, cube blocks, A4/A5 notepads, and railroad board papers.
The company also exports its products to Afghanistan, Germany, the United States, the Kingdom of Saudi Arabia, Albania, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Algeria, the Czech Republic, Armenia, Ethiopia, Palestine, France, South Africa, Guinea, Georgia, Holland, Iraq, the Great Britain, Iran, the Republic of Ireland, Spain, Israel, Switzerland, Kazakhstan, Kyrgyzstan, North Cyprus, Republic of the Congo, Kosovo, Libya, Lebanon, Macedonia, Moldova, Nigeria, Uzbekistan, Portugal, Romania, Russia, Slovenia, Somalia, Sudan, Syria, Turkmenistan, Ukraine, Jordan, and Greece.
Konya Kagit Sanayi ve Ticaret A.S. was founded in 1988 and is based in Konya, Turkey. Konya Kagit Sanayi ve Ticaret A.S. operates as a subsidiary of Bera Holding A.S.
Stock analysis
Konya Kagit Sanayi ve Ticaret A.S. (KONKA) currently trades at 6.94 TRY, while our model-based Fair Value estimate is 9.44 TRY, implying the stock looks roughly 26% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 7.07 TRY per share, and 4 of the 13 models we run sit above the 6.94 TRY price.
Bear case: the Asset-Based group reads lowest at 1.59 TRY, and 9 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 7.47 TRY (bear) to 11.62 TRY (bull), the price of 6.94 TRY sits below 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 28/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Konya Kagit Sanayi ve Ticaret A.S. reported revenue of 3.3B TRY in FY2025 versus 811M TRY in FY2021, a compound +41.6%/yr. Reported net income was −469M TRY in FY2025.
Key figures
Market cap 2.7B TRY (≈ $53.9M) Micro · P/S ratio 0.94 · EPS (TTM) −1.78 TRY · Net margin −25.0% · Return on equity −8.1% · Return on assets (EBIT) 8.5% (5-year average) · Operating margin −0.7% · Revenue (TTM) 2.8B TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (medium confidence).
What moves the price
The share trades about 61% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 24% fair-value upside, at 36%, KONKA screens cheaper than that median.
Fair Value models
Bear7.47 TRYFair Value 9.44 TRYBull11.62 TRY
Price 6.94 TRY · Upside +36.0%
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 DCF5.66 TRY6.66 TRY8.20 TRY82
Growth DCF5.74 TRY6.60 TRY7.86 TRY80
5Y EBITDA Exit5.68 TRY7.53 TRY9.98 TRY76
All 13 models by family
DCF Models
FCF DCF5.66 TRY6.66 TRY8.20 TRY82
5Y Revenue Exit5.33 TRY6.92 TRY9.23 TRY74
5Y EBITDA Exit5.68 TRY7.53 TRY9.98 TRY76
10Y Revenue Exit5.42 TRY6.38 TRY7.36 TRY68
10Y EBITDA Exit5.65 TRY6.66 TRY7.69 TRY70
Earnings-Based
EPV2.13 TRY2.27 TRY2.38 TRY74
Multiples
EV/EBIT5.27 TRY7.07 TRY8.86 TRY66
EV/EBITDA5.78 TRY7.75 TRY9.71 TRY67
EV/Revenue4.55 TRY6.55 TRY8.55 TRY53
Asset-Based
NCAV (Graham)1.05 TRY1.59 TRY1.99 TRY54
Growth DCF
Growth DCF5.74 TRY6.60 TRY7.86 TRY80
Rev-Margin DCF5.33 TRY7.08 TRY9.28 TRY74
Economic Profit
ROIC Compounder2.13 TRY2.27 TRY2.38 TRY72
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−12.8%
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.
+19.2%
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.
+51.5%
Start year 2020 (pandemic)
Revenue growth 6 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.
+41.9%
’19
’20
’21
’22
’23
’24
’25
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).
+2.2%
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 −14.3% a year for the price.
Compare Konya Kagit Sanayi ve Ticaret A.S. 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.Paper & Paper Products · 120 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside+36.0% · Top 25%
Profitability
Return on assets−4.8% · Bottom 25%
Net margin (12 months)−25.0% · Bottom 25%
Operating margin (12 months)−0.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−17.2% · Bottom 25%
Valuation Multiplesvs Paper & Paper Products median · lower = cheaper
P/B0.33× · Cheapest 25%
P/S (12 months)0.98× · Pricier than median
Price / free cash flow (fiscal year)8.1× · Cheaper than median
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). "Konya Kagit Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/KONKA
Frequently asked questions
Is Konya Kagit Sanayi ve Ticaret A.S. (KONKA) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 9.44 TRY versus a price of 6.94 TRY, about +36% upside (undervalued).
What is the fair value of KONKA?
Our model-based fair value for Konya Kagit Sanayi ve Ticaret A.S. is 9.44 TRY (as of Nov 9, 2026), built from audited fundamentals. The current price: 6.94 TRY.
What is the quality score of KONKA?
Konya Kagit Sanayi ve Ticaret A.S. has a Quality Score of 28/100. 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 Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
Our model-based price target is the fair value of 9.44 TRY (as of Nov 9, 2026) from 13 valuation models. Cautious scenario 7.47 TRY, optimistic scenario 11.62 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Konya Kagit Sanayi ve Ticaret A.S. stock forecast for 2026?
Our models put fair value at 9.44 TRY, about +36% upside versus a price of 6.94 TRY (undervalued). Cautious scenario 7.47 TRY, optimistic scenario 11.62 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
Konya Kagit Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 2.8B TRY (latest available figure, as of Nov 9, 2026).
What growth is priced into Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
For today's price to be fair in a discounted-cash-flow model, Konya Kagit Sanayi ve Ticaret A.S. would have to grow free cash flow by +2.2 % per year for five years (discount rate 15.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +51.5 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of KONKA use?
Our models discount Konya Kagit Sanayi ve Ticaret A.S. at 15.7 %: a base by market capitalisation (micro), damped by beta 0.06, 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 Konya Kagit Sanayi ve Ticaret A.S. that is +2.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (15.7 %) and the same formula as our fair value.
How much growth has Konya Kagit Sanayi ve Ticaret A.S. (KONKA) delivered so far?
Over the past 5 years revenue at Konya Kagit Sanayi ve Ticaret A.S. grew +51.5 % a year. The price currently implies free-cash-flow growth of +2.2 % 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 Konya Kagit Sanayi ve Ticaret A.S. (KONKA) growing?
The median revenue growth in the sector is +8.7 % a year. That is the yardstick for the growth priced into Konya Kagit Sanayi ve Ticaret A.S. (+2.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
The free-cash-flow yield on the price is 12.32 %: that much free cash flow Konya Kagit Sanayi ve Ticaret A.S. produces per unit of market value. When it exceeds the discount rate of our models (15.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Konya Kagit Sanayi ve Ticaret A.S. it is 9.44 TRY per share (as of Nov 9, 2026), against a price of 6.94 TRY. It is the blended result of 13 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Konya Kagit Sanayi ve Ticaret A.S. stock overvalued or undervalued in 2026?
As of Nov 9, 2026, KONKA trades below its calculated fair value: price 6.94 TRY, fair value 9.44 TRY, a gap of about +36% (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 KONKA?
No. The price is what the market pays today (6.94 TRY); the fair value is what the company's own numbers justify (9.44 TRY). For Konya Kagit Sanayi ve Ticaret A.S. the two are 2.50 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Konya Kagit Sanayi ve Ticaret A.S. worth?
The market values Konya Kagit Sanayi ve Ticaret A.S. at about 2.7B TRY (market capitalisation, as of Nov 9, 2026). Per share that is 6.94 TRY; our models calculate a fair value of 9.44 TRY per share.
What do the bullish and bearish scenarios say about KONKA?
Our models span a range for Konya Kagit Sanayi ve Ticaret A.S.: cautious scenario 7.47 TRY, base 9.44 TRY, optimistic 11.62 TRY per share (as of Nov 9, 2026, price 6.94 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
Balance-sheet figures for Konya Kagit Sanayi ve Ticaret A.S. (as of Nov 9, 2026): return on equity −8.1%. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is KONKA from its 52-week high?
Konya Kagit Sanayi ve Ticaret A.S. trades at 6.94 TRY, about 61% below its 52-week high of 17.66 TRY and 11% above the low of 6.28 TRY (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 9.44 TRY is for.
Which stocks are comparable to Konya Kagit Sanayi ve Ticaret A.S.?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Suzano S.A, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) 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 Konya Kagit Sanayi ve Ticaret A.S. stock attractive at the current price?
The data as of Nov 9, 2026: price 6.94 TRY, calculated fair value 9.44 TRY (+36%), Quality Score 28/100, from 13 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 KONKA calculated?
We run Konya Kagit Sanayi ve Ticaret A.S. through 13 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 9.44 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. Konya Kagit Sanayi ve Ticaret A.S. currently trades 26% 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 Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
The closing price on Nov 10, 2026 was 6.94 TRY. Our model-based fair value is 9.44 TRY, about +36% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Konya Kagit Sanayi ve Ticaret A.S. right now?
The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (7.47 TRY). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Konya Kagit Sanayi ve Ticaret A.S.
How large is the market capitalisation of Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
The market capitalisation of Konya Kagit Sanayi ve Ticaret A.S. is 2.7B TRY (≈ $53.9M). 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 Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
The price-to-sales ratio of Konya Kagit Sanayi ve Ticaret A.S. is 0.94 (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 Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
Earnings per share at Konya Kagit Sanayi ve Ticaret A.S. are −1.78 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
The net margin of Konya Kagit Sanayi ve Ticaret A.S. is −25.0% (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 Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
The return on equity (ROE) of Konya Kagit Sanayi ve Ticaret A.S. is −8.1% (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 Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
On an EBIT basis the return on assets of Konya Kagit Sanayi ve Ticaret A.S. is 8.5% (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 Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
The operating margin of Konya Kagit Sanayi ve Ticaret A.S. is −0.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
Revenue at Konya Kagit Sanayi ve Ticaret A.S. is growing −17.2% versus a year earlier (3y avg +19.2%). 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 Konya Kagit Sanayi ve Ticaret A.S. (KONKA)?
Earnings per share at Konya Kagit Sanayi ve Ticaret A.S. are growing +144% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Konya Kagit Sanayi ve Ticaret A.S. (KONKA) carry?
The net debt of Konya Kagit Sanayi ve Ticaret A.S. is 43.9M TRY (fiscal year 2020, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Why does Konya Kagit Sanayi ve Ticaret A.S. not meet the fair value rule although the fair value shown is higher?
Trough year lifted: 6.66 TRY → 9.44 TRY. The latest year was a trough or loss year. So we calculate with a normal year: 9.44 TRY instead of 6.66 TRY. As in the backtest, the fair value rule checks the value before: -4% against the price.
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Thin data
Nov 9, 2026