Artemis Hali As (ARTMS) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Artemis Hali As TRY 40.76, price TRY 34.60, upside +17.8%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Artemis Hali Anonim Sirketi designs, manufactures, and sells carpets in Turkey and internationally. It offers handmade carpets and machine-made carpets, runners, prayer rugs, rugs, blankets, and textile products.
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Artemis Hali Anonim Sirketi designs, manufactures, and sells carpets in Turkey and internationally. It offers handmade carpets and machine-made carpets, runners, prayer rugs, rugs, blankets, and textile products. The company operates under the ANETTA, ANKA, ART SHAPE, ART STYLE, DAVINA, EMMA, EVA, HERMES COLOR, HERMES STYLE, CHARISMA, LIA, MURANO, PALACE, PERA PALACE, PIA, PIENA, ROSA, SAMOA, and VANESSA brand names. It also offers its products online. The company was founded in 2012 and is based in Istanbul, Turkey.
Stock analysis
Artemis Hali As (ARTMS) currently trades at 34.60 TRY, while our model-based Fair Value estimate is 40.76 TRY, implying the stock looks roughly 15.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 116.92 TRY per share, and 7 of the 14 models we run sit above the 34.60 TRY price.
Bear case: the Economic Profit group reads lowest at 15.90 TRY, and 7 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: 30.18 TRY (bear) to 51.35 TRY (bull), the price of 34.60 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 45/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Artemis Hali As reported revenue of 637M TRY in FY2025 versus 218M TRY in FY2021, a compound +30.8%/yr. Reported net income was 244M TRY in FY2025, compounding +93.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 2.4B TRY (≈ $49.3M) · P/E ratio 38.0 · P/S ratio 14.5 · EPS (TTM) 0.9100 TRY · Net margin 38.2% · Return on equity 2.8% · Return on assets (EBIT) 9.1% · Operating margin −1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −11% fair-value upside, at 18%, ARTMS screens cheaper than that median.
Fair Value models
Bear 30.18 TRYFair Value 40.76 TRYBull 51.35 TRY
Price 34.60 TRY · Upside +17.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (0.9100 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.Evidence ⓘEvidence = 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.51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−52.6%
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.
+26.7%
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.
+34.6%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TRY ⓘ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 5 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. Basis: EBIT basis. 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.
≈ +26.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.3%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.34% → 18%
⚠ Rate on operating basis: 2025 sits 234% above its own trend.
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.Textile Manufacturing · 336 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+17.8% · Above median
Profitability
Return on equity (TTM)2.8% · Below median
Return on assets0.4% · Below median
Net margin (TTM)20.3% · Top 25%
Operating margin (TTM)−1.3% · Bottom 25%
Growth and dividend
Revenue growth−67.9% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Textile Manufacturing median · lower = cheaper
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). "Artemis Hali As Fair Value". https://www.fairvalue-calculator.com/stock/ARTMS
Frequently asked questions
Is Artemis Hali As (ARTMS) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 40.76 TRY versus a price of 34.60 TRY, about +18% upside (undervalued).
What is the fair value of ARTMS?
Our model-based fair value for Artemis Hali As is 40.76 TRY (as of Oct 4, 2026), built from audited fundamentals. The current price: 34.60 TRY.
What is the quality score of ARTMS?
Artemis Hali As has a Quality Score of 45/100. 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 Artemis Hali As (ARTMS)?
Our model-based price target is the fair value of 40.76 TRY (as of Oct 4, 2026) from 14 valuation models. Cautious scenario 30.18 TRY, optimistic scenario 51.35 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Artemis Hali As stock forecast for 2026?
Our models put fair value at 40.76 TRY, about +18% upside versus a price of 34.60 TRY (undervalued). Cautious scenario 30.18 TRY, optimistic scenario 51.35 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Artemis Hali As (ARTMS)?
Artemis Hali As reported trailing-twelve-month revenue of about 315M TRY (latest available figure, as of Oct 4, 2026).
What is the intrinsic value of Artemis Hali As (ARTMS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Artemis Hali As it is 40.76 TRY per share (as of Oct 4, 2026), against a price of 34.60 TRY. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Artemis Hali As stock overvalued or undervalued in 2026?
As of Oct 4, 2026, ARTMS trades below its calculated fair value: price 34.60 TRY, fair value 40.76 TRY, a gap of about +18% (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 ARTMS?
No. The price is what the market pays today (34.60 TRY); the fair value is what the company's own numbers justify (40.76 TRY). For Artemis Hali As the two are 6.16 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Artemis Hali As worth?
The market values Artemis Hali As at about 2.4B TRY (market capitalisation, as of Oct 4, 2026). Per share that is 34.60 TRY; our models calculate a fair value of 40.76 TRY per share.
What do the bullish and bearish scenarios say about ARTMS?
Our models span a range for Artemis Hali As: cautious scenario 30.18 TRY, base 40.76 TRY, optimistic 51.35 TRY per share (as of Oct 4, 2026, price 34.60 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ARTMS?
Artemis Hali As trades at a price-to-earnings ratio of 38.0 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 40.76 TRY is built from several models across several years. Other multiples: P/B 1.1, P/S 7.7, EV/EBITDA 19.0.
How solid is the balance sheet of Artemis Hali As (ARTMS)?
Balance-sheet figures for Artemis Hali As (as of Oct 4, 2026): return on equity 2.8%, debt of 0.00 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is ARTMS from its 52-week high?
Artemis Hali As trades at 34.60 TRY, about 39% below its 52-week high of 56.40 TRY and 8% above the low of 32.00 TRY (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 40.76 TRY is for.
Which stocks are comparable to Artemis Hali As?
From the same area (Consumer Cyclical) we also value Tongkun Group, Shenzhou International Group, Inner Mongolia ERDOS Resources Co, Far Eastern New Century Corporation, 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 Artemis Hali As stock attractive at the current price?
The data as of Oct 4, 2026: price 34.60 TRY, calculated fair value 40.76 TRY (+18%), Quality Score 45/100, from 14 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 ARTMS calculated?
We run Artemis Hali As through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 40.76 TRY, 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 15.0 % above its aggregate fair value. Artemis Hali As currently trades 15 % 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 Artemis Hali As (ARTMS)?
The closing price on Oct 2, 2026 was 34.60 TRY. Our model-based fair value is 40.76 TRY, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Artemis Hali As 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 Artemis Hali As
How large is the market capitalisation of Artemis Hali As (ARTMS)?
The market capitalisation of Artemis Hali As is 2.4B TRY (≈ $49.3M). 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 Artemis Hali As (ARTMS)?
The price-to-sales ratio of Artemis Hali As is 14.5 (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 Artemis Hali As (ARTMS)?
Earnings per share at Artemis Hali As are 0.9100 TRY (price ÷ EPS = P/E 38.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Artemis Hali As (ARTMS)?
The net margin of Artemis Hali As is 38.2% (fiscal year 2025). 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 Artemis Hali As (ARTMS)?
The return on equity (ROE) of Artemis Hali As is 2.8% (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 Artemis Hali As (ARTMS)?
On an EBIT basis the return on assets of Artemis Hali As is 9.1% (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 Artemis Hali As (ARTMS)?
The operating margin of Artemis Hali As is −1.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Artemis Hali As (ARTMS)?
Revenue at Artemis Hali As is growing −67.9% versus a year earlier (3y avg +26.7%). 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 Artemis Hali As (ARTMS)?
Earnings per share at Artemis Hali As are growing −85.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Artemis Hali As (ARTMS) generate?
The free cash flow of Artemis Hali As is −56.1M TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Artemis Hali As (ARTMS) carry?
The net debt of Artemis Hali As is 111M TRY (fiscal year 2025). 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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