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Alves Kablo Sanayi ve Ticaret A.S. (ALVES) Fair Value & Analysis

Industrials · TR · Market cap 3.4B TRY

AK Alves Kablo Sanayi ve Ticaret A.S. ALVES · IS
Price2.14 TRY
Fair Value1.35 TRY
Upside-36.9%
Quality27/100
Expensive Growth
Thin margins · 0.9% net margin
Low debt · negative free cash flow
Ranks above peers (8/12)
Narrow moat 44/100
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Evidence: High Range 1.09 TRY – 1.69 TRY Share as image

Fair value as of: Aug 4, 2026

From 16 valuation models · updated today

Share price −18.3% over the past month.

Below-average quality, and screening another 37% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1.69 TRY). The favourable scenario is already priced in.
  • Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (2 years)

6.96 TRY 2.14 TRY Fair Value 1.35 TRY Feb 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 4, 2026.

How to read this chart

29‑month range 2.14 TRY – 6.96 TRY · fair‑value band 1.09 TRY – 1.69 TRY · the 2.14 TRY price screens above the 1.35 TRY fair value. Dashed = 300-day average. As of Aug 4, 2026.

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Analysis

Alves Kablo Sanayi ve Ticaret A.S. (ALVES) currently trades at 2.14 TRY, while our model-based Fair Value estimate is 1.35 TRY, implying the stock looks roughly 36.9% overvalued today. We read business quality at 27/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Alves Kablo Sanayi ve Ticaret A.S. generated revenue of 10.9B TRY at a net margin of 0.9%. Revenue grew 64.8% year over year. It earns a return on equity of 3.8%. Net debt stands at 3.1B TRY. Fundamentals as of Aug 4, 2026

Our scenario range runs from 1.09 TRY (bear case) to 1.69 TRY (bull case); at 2.14 TRY, the current price sits above that range. The share trades about 54% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -37%, ALVES screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 1.23 TRY 1.19 TRY 1.03 TRY 76
ROIC Compounder 11.95 TRY 16.56 TRY 22.17 TRY 72
Gordon GGM 0.0300 TRY 0.0700 TRY 0.1000 TRY 70
All 16 models by family
Earnings-Based
Graham-Dodd 0.4400 TRY 3.05 TRY 4.28 TRY 54
Lynch FV 1.58 TRY 2.25 TRY 2.93 TRY 50
PEG = 1.0 1.58 TRY 2.25 TRY 2.93 TRY 46
EPV 10.06 TRY 11.63 TRY 12.98 TRY 59
Dividend Discount
Gordon GGM 0.0300 TRY 0.0700 TRY 0.1000 TRY 70
DDM Multi-Stage 0.0300 TRY 0.0600 TRY 0.0700 TRY 61
Multiples
P/E Multiple 0.9600 TRY 1.29 TRY 1.61 TRY 63
P/S Multiple 0.8200 TRY 1.09 TRY 1.37 TRY 58
P/B Multiple 0.8200 TRY 1.09 TRY 1.37 TRY 55
EV/EBIT 16.52 TRY 21.98 TRY 27.44 TRY 53
EV/EBITDA 13.22 TRY 17.58 TRY 21.94 TRY 54
EV/Revenue 10.70 TRY 15.23 TRY 19.76 TRY 43
Asset-Based
NCAV (Graham) 0.8500 TRY 1.14 TRY 1.70 TRY 50
Economic Profit
Residual Income 1.23 TRY 1.19 TRY 1.03 TRY 76
ROIC Compounder 11.95 TRY 16.56 TRY 22.17 TRY 72
Growth Earnings
Growth-Adj P/E 2.03 TRY 2.90 TRY 3.77 TRY 68

Widest divergence: Growth Earnings (2.90 TRY) versus Dividend Discount (0.0600 TRY). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 10.9B TRY
Revenue growth (YoY) +64.8%
Net margin 0.9%
Return on equity 3.8%
Free cash flow −1.4B TRY FY2025
P/E ratio 35.7
More key figures
Operating margin 11.7%
EPS (TTM) 0.0600 TRY
EPS growth (YoY) -22.5%
Net debt 3.1B TRY FY2025

Figures from reported company fundamentals · as of Aug 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 27/100

Of which business quality 33 · Market factors (momentum, volatility) 15

Profitability 42
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Alves Kablo Sanayi ve Ticaret A.S. produces and sells cables under the Alves Kablo brand in Turkey and internationally. The company offers installation, underground, armored, halogen free, custom manufactured, control, aluminum, special production cabel, and solar cables.

Full company description

Alves Kablo Sanayi ve Ticaret A.S. produces and sells cables under the Alves Kablo brand in Turkey and internationally. The company offers installation, underground, armored, halogen free, custom manufactured, control, aluminum, special production cabel, and solar cables. The company also offers a range of products and services, including electrical and electronic control devices, electronic circuit equipment, conductors, semiconductors, integrated circuit elements, microchips, and related assembly components. Alves Kablo Sanayi ve Ticaret A.S. was founded in 2014 and is based in Ankara, Turkey.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Alves Kablo Sanayi ve Ticaret A.S. reported revenue of 9.7B TRY in FY2025 versus 423M TRY in FY2021, a compound +118.6%/yr. Reported net income was 103M TRY in FY2025, compounding +58.9%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
9.7B TRY
Latest YoY
+36.9%
Avg. growth/yr (3Y)
+128.6%
Avg. growth/yr (5Y)
+125.5%
Revenue +118.6%/yr
FY21 423M TRY
FY22 809M TRY
FY23 3.0B TRY
FY24 7.1B TRY
FY25 9.7B TRY
Net income +58.9%/yr
FY21 16.1M TRY
FY22 44.0M TRY
FY23 203M TRY
FY24 136M TRY
FY25 103M TRY

ALVES screens 37% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Alves Kablo Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/ALVES

Peer Group

Electrical Equipment & Parts · 578 stocks

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.

Quality Score 27 · Bottom 25%
Fair Value upside −37% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 18% · Top 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 12% · Above median
Revenue growth 65% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 35.7× · Pricier than median
P/B 1.26× · Cheaper than median
P/S (TTM) 0.31× · Cheaper than 75% of peers
EV/EBITDA 1.4× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 57
PAST 15 · sector 23
HEALTH 99 · sector 97
DIVIDEND 0 · sector 17

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 12.39 SGD 1.48 SGD -88%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Alves Kablo Sanayi ve Ticaret A.S. (ALVES) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 1.35 TRY versus a price of 2.14 TRY, about −37% (overvalued).
What is the fair value of ALVES?
Our model-based fair value for Alves Kablo Sanayi ve Ticaret A.S. is 1.35 TRY (as of Aug 4, 2026), built from audited fundamentals. The current price is 2.14 TRY.
What is the quality score of ALVES?
Alves Kablo Sanayi ve Ticaret A.S. has a Quality Score of 27/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Alves Kablo Sanayi ve Ticaret A.S. (ALVES)?
Alves Kablo Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 10.9B TRY (latest available figure, as of Aug 4, 2026).
What is the net profit margin of ALVES?
The net profit margin of Alves Kablo Sanayi ve Ticaret A.S. is about 0.9%, meaning it keeps roughly 0.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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