Ayes Celik Hasir ve Cit Sanayi AS (AYES) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Ayes Celik Hasir ve Cit Sanayi AS stock TRY 4.61, price TRY 7.27, upside -36.5%, quality 45 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value 30%+ above price?No
Quality 50+?No
In an uptrend?Yes
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
60‑month range 0.4442 TRY – 11.51 TRY · fair‑value band 2.78 TRY – 7.58 TRY · the 7.27 TRY price screens above the 4.61 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.
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Ayes Celik Hasir Ve Cit Sanayi A.S. produces wire mesh in Turkey.
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It offers wire meshes, such as Q type, R type, fence, and special wire meshes; prop reinforcement stands; panel fences and cage wire meshes; deformed bars, including coil bars and wire rods, cutted deformed bars, stirrup rebars, and steel rebars.
The company also provides machinery manufacturing products comprising drawing, wire cutting, butt welding, and mesh bending machines. Ayes Celik Hasir Ve Cit Sanayi A.S. was incorporated in 1978 and is headquartered in Istanbul, Turkey.
Stock analysis
Ayes Celik Hasir ve Cit Sanayi AS (AYES) currently trades at 7.27 TRY, while our model-based Fair Value estimate is 4.61 TRY, 36.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 38.50 TRY per share, and 9 of the 17 models we run sit above the 7.27 TRY price.
Bear case: the Asset-Based group reads lowest at 1.66 TRY, and 8 of the 17 models stay below the price. Data coverage for this calculation is low.
Scenario range: 2.78 TRY (bear) to 7.58 TRY (bull), the price of 7.27 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 Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ayes Celik Hasir ve Cit Sanayi AS reported revenue of 12.1B TRY in FY2025 versus 1.3B TRY in FY2021, a compound +73.2%/yr. Reported net income was 1.0B TRY in FY2025, compounding +131.7%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 3.6B TRY (≈ $72.9M) Micro · P/E ratio 2.0 · P/S ratio 0.33 · EPS (TTM) 3.64 TRY · Net margin 16.8% · Return on equity 63.3% · Return on assets (EBIT) 14.8% · Operating margin 1.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).
What moves the price
The share trades about 37% below its 52-week high and 79% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −37%, AYES screens cheaper than that median.
Fair Value models
Bear2.78 TRYFair Value 4.61 TRYBull7.58 TRY
Price 7.27 TRY · Upside -36.5%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (3.01 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.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.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+23.4%
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.
+62.5%
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.
+82.0%
Start year 2020 (pandemic). Over 10 years: +57.4% a year
Revenue growth 11 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.
+48.1%
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What shareholders gained per year (last 5 years), in TRY (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+21.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.3%
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.5% → 2%
2025 sits 784% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Ayes Celik Hasir ve Cit Sanayi AS 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.Steel · 406 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−36.5% · Below median
Profitability
Return on equity (12 months)63.3% · Top 25%
Return on assets18.0% · Top 25%
Net margin (12 months)16.8% · Top 25%
Operating margin (12 months)1.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)−16.3% · Bottom 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Steel median · lower = cheaper
P/E (12 months)2.0× · Cheapest 25%
P/B1.20× · Pricier than median
P/S (12 months)0.33× · Cheaper than median
EV/EBITDA14.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)0· sector 34
PAST (return on equity)100· sector 19
HEALTH (low debt)100· sector 95
DIVIDEND (yield)0· sector 51
VALUE 0: the price sits above our fair-value range.
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). "Ayes Celik Hasir ve Cit Sanayi AS Fair Value". https://www.fairvalue-calculator.com/stock/AYES
Frequently asked questions
Is Ayes Celik Hasir ve Cit Sanayi AS (AYES) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 4.61 TRY versus a price of 7.27 TRY, about −37% upside (overvalued).
What is the fair value of AYES?
Our model-based fair value for Ayes Celik Hasir ve Cit Sanayi AS is 4.61 TRY (as of Oct 29, 2026), built from audited fundamentals. The current price: 7.27 TRY.
What is the quality score of AYES?
Ayes Celik Hasir ve Cit Sanayi 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 Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
Our model-based price target is the fair value of 4.61 TRY (as of Oct 29, 2026) from 17 valuation models. Cautious scenario 2.78 TRY, optimistic scenario 7.58 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Ayes Celik Hasir ve Cit Sanayi AS stock forecast for 2026?
Our models put fair value at 4.61 TRY, about −37% upside versus a price of 7.27 TRY (overvalued). Cautious scenario 2.78 TRY, optimistic scenario 7.58 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
Ayes Celik Hasir ve Cit Sanayi AS reported trailing-twelve-month revenue of about 11.1B TRY (latest available figure, as of Oct 29, 2026).
What is the intrinsic value of Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ayes Celik Hasir ve Cit Sanayi AS it is 4.61 TRY per share (as of Oct 29, 2026), against a price of 7.27 TRY. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Ayes Celik Hasir ve Cit Sanayi AS stock overvalued or undervalued in 2026?
As of Oct 29, 2026, AYES trades above its calculated fair value: price 7.27 TRY, fair value 4.61 TRY, a gap of about −37% (overvalued). 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 AYES?
No. The price is what the market pays today (7.27 TRY); the fair value is what the company's own numbers justify (4.61 TRY). For Ayes Celik Hasir ve Cit Sanayi AS the two are 2.66 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Ayes Celik Hasir ve Cit Sanayi AS worth?
The market values Ayes Celik Hasir ve Cit Sanayi AS at about 3.6B TRY (market capitalisation, as of Oct 29, 2026). Per share that is 7.27 TRY; our models calculate a fair value of 4.61 TRY per share.
What do the bullish and bearish scenarios say about AYES?
Our models span a range for Ayes Celik Hasir ve Cit Sanayi AS: cautious scenario 2.78 TRY, base 4.61 TRY, optimistic 7.58 TRY per share (as of Oct 29, 2026, price 7.27 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AYES?
Ayes Celik Hasir ve Cit Sanayi AS trades at a price-to-earnings ratio of 2.0 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4.61 TRY is built from several models across several years. Other multiples: P/B 1.2, P/S 0.3, EV/EBITDA 14.0.
How solid is the balance sheet of Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
Balance-sheet figures for Ayes Celik Hasir ve Cit Sanayi AS (as of Oct 29, 2026): return on equity 63.3%, 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 AYES from its 52-week high?
Ayes Celik Hasir ve Cit Sanayi AS trades at 7.27 TRY, about 37% below its 52-week high of 11.51 TRY and 79% above the low of 4.07 TRY (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 4.61 TRY is for.
Which stocks are comparable to Ayes Celik Hasir ve Cit Sanayi AS?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel 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 Ayes Celik Hasir ve Cit Sanayi AS stock attractive at the current price?
The data as of Oct 29, 2026: price 7.27 TRY, calculated fair value 4.61 TRY (−37%), Quality Score 45/100, from 17 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 AYES calculated?
We run Ayes Celik Hasir ve Cit Sanayi AS through 17 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 4.61 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 13.4 % above its aggregate fair value. Ayes Celik Hasir ve Cit Sanayi AS itself currently trades above fair value. 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 Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
The closing price on Oct 28, 2026 was 7.27 TRY. Our model-based fair value is 4.61 TRY, about −37% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ayes Celik Hasir ve Cit Sanayi AS right now?
The model range is unusually wide (2.78 TRY to 7.58 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Ayes Celik Hasir ve Cit Sanayi AS
How large is the market capitalisation of Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
The market capitalisation of Ayes Celik Hasir ve Cit Sanayi AS is 3.6B TRY (≈ $72.9M). 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 Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
The price-to-sales ratio of Ayes Celik Hasir ve Cit Sanayi AS is 0.33 (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 Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
Earnings per share at Ayes Celik Hasir ve Cit Sanayi AS are 3.64 TRY (price ÷ EPS = P/E 2.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
The net margin of Ayes Celik Hasir ve Cit Sanayi AS is 16.8% (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 Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
The return on equity (ROE) of Ayes Celik Hasir ve Cit Sanayi AS is 63.3% (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 Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
On an EBIT basis the return on assets of Ayes Celik Hasir ve Cit Sanayi AS is 14.8% (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 Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
The operating margin of Ayes Celik Hasir ve Cit Sanayi AS is 1.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
Revenue at Ayes Celik Hasir ve Cit Sanayi AS is growing −16.3% versus a year earlier (3y avg +62.5%). 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 Ayes Celik Hasir ve Cit Sanayi AS (AYES)?
Earnings per share at Ayes Celik Hasir ve Cit Sanayi AS are growing +12.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ayes Celik Hasir ve Cit Sanayi AS (AYES) generate?
The free cash flow of Ayes Celik Hasir ve Cit Sanayi AS is −933M 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 Ayes Celik Hasir ve Cit Sanayi AS (AYES) carry?
The net debt of Ayes Celik Hasir ve Cit Sanayi AS is 1.4B 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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Thin data
Oct 29, 2026