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STOCK COMPARISON

Kartonsan Karton Sanayi ve Ticaret AS vs Smurfit WestRock: Fair Value & Quality

Both stocks run through our valuation models. Here is how Kartonsan Karton Sanayi ve Ticaret AS (KARTN) and Smurfit WestRock (SW) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Smurfit WestRock as the less overvalued of the two: Kartonsan Karton Sanayi ve Ticaret AS trades at TRY 105 versus a fair value of TRY 21.86 (-79%), while Smurfit WestRock trades at $46.45 versus $28.44 (-39%).
Kartonsan Karton Sanayi ve Ticaret AS
KARTN.IS · TRY · Materials
-79%
upside to fair value
overvalued
PriceTRY 105
Fair ValueTRY 21.86
Quality31/100
Smurfit WestRock
SW · USD · Materials
-39%
upside to fair value
overvalued
Price$46.45
Fair Value$28.44
Quality32/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Kartonsan Karton Sanayi ve Ticaret ASSmurfit WestRock
Valuation
n/aP/E (TTM)63.6×
0.08×P/S (TTM)0.78×
0.12×P/B1.13×
n/aEV/EBITDA7.7×
n/aPEG0.28×
−79.2%Fair value upside−38.8%
n/aDividend yield3.8%
n/aDividend per share$1.75
Profitability
-31%Operating margin7%
n/aEBIT margin trend (5Y)0.68×
-14%Return on equity2%
-17%Return on assets3%
Growth
-19%Revenue growth (YoY)1%
6.1%Avg. growth/yr (3Y)35.2%
35.1%Avg. growth/yr (5Y)29.6%
n/aValue creation/yr+0.7%
Balance & size
n/aInterest coverage (EBIT/interest)2.6×
0.21×Debt / equity0.62×
$285MMarket cap$24B
expensiveGrowth qualitymixed

Smurfit WestRock leads: 4 to 5 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Kartonsan Karton Sanayi ve Ticaret ASof which business quality 35 · market factors 61 Smurfit WestRockof which business quality 34 · market factors 54
ProfitabilityMargins and returns on capital today
14
26
Quality GrowthAre margins and returns improving?
25
74
CashflowEarnings quality: real cash, not paper profit
2
44
Fin. StrengthBalance sheet, leverage, solvency risk
68
34
InvestmentDisciplined investing over empire-building
31
24
Low VolatilityCalm price path (market factor)
49
51
MomentumPrice trend over the last 3–12 months (market factor)
76
53
52W MomentumDistance to the 52-week high (market factor)
49
59
Net IssuanceShare count: buybacks or dilution?
82
0

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyKartonsan Karton Sanayi ve Ticaret ASPrice TRY 105Smurfit WestRockPrice $46.45
DCF Modelsn/a-2%close to the price$45.41
Earnings-Basedn/a-67%below the price$15.40
Dividend Discount-81%below the priceTRY 20.25-35%below the price$30.19
Multiplesn/a-42%below the price$27.09
Asset-Based+1253%above the priceTRY 1,420-41%below the price$27.50
Growth DCFn/a+2%close to the price$47.45
Economic Profitn/a-48%below the price$23.97
Growth Earningsn/a-57%below the price$20.02
Minimum-81%below the priceTRY 20.25-67%below the price$15.40
Maximum+1253%above the priceTRY 1,420+2%close to the price$47.45
Median+586%above the priceTRY 720-41%below the price$27.30
Geometric mean+62%above the priceTRY 170-40%below the price$27.81

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Kartonsan Karton Sanayi ve Ticaret AS: 2 of 3 models see the stock below the current price.

Smurfit WestRock: 20 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Kartonsan Karton Sanayi ve Ticaret AS
Price TRY 105
Fair Value TRY 21.86
Bear TRY 16.31Bull TRY 32.63
Smurfit WestRock
Price $46.45
Fair Value $28.44
Bear $16.20Bull $28.44

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Kartonsan Karton Sanayi ve Ticaret AS · Materials

Quality score31 · bottom 25%
Fair value upside-79% · bottom 25%

Smurfit WestRock · Materials

Quality score32 · bottom 25%
Fair value upside-39% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Smurfit WestRock as the less overvalued of the two: Kartonsan Karton Sanayi ve Ticaret AS trades at TRY 105 versus a fair value of TRY 21.86 (-79%), while Smurfit WestRock trades at $46.45 versus $28.44 (-39%).

Smurfit WestRock has the higher quality score (32/100).

Open Smurfit WestRock live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.