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Bak Ambalaj Sanayi ve Ticaret A.S. (BAKAB) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 3.4B TRY

BA Bak Ambalaj Sanayi ve Ticaret A.S. BAKAB · IS
Price46.54 TRY
Fair Value32.86 TRY
Upside-29.4%
Quality39/100
Expensive Growth
Loss-making · -0.3% net margin
Low debt · negative free cash flow
Trails peers (3/9)
Narrow moat 17/100
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Evidence: Low Range 21.90 TRY – 43.83 TRY Share as image

Fair value as of: Aug 5, 2026

From 5 valuation models · updated today

Share price −15.2% over the past month.

Below-average quality, and screening another 29% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (43.83 TRY). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (21.90 TRY to 43.83 TRY) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

57.50 TRY 7.88 TRY Fair Value 32.86 TRY May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 5, 2026.

How to read this chart

60‑month range 7.88 TRY – 57.50 TRY · fair‑value band 21.90 TRY – 43.83 TRY · the 46.54 TRY price screens above the 32.86 TRY fair value. Dashed = 300-day average. As of Aug 5, 2026.

Which stocks are undervalued right now? Check free Discover now →

Analysis

Bak Ambalaj Sanayi ve Ticaret A.S. (BAKAB) currently trades at 46.54 TRY, while our model-based Fair Value estimate is 32.86 TRY, implying the stock looks roughly 29.4% overvalued today. We read business quality at 39/100 (below-average quality), in the Consumer Cyclical 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: low).

Over the trailing twelve months, Bak Ambalaj Sanayi ve Ticaret A.S. generated revenue of 6.0B TRY at a net margin of -0.3%. Revenue grew 14.6% year over year. It earns a return on equity of -0.6%. Net debt stands at 793M TRY. Fundamentals as of Aug 5, 2026

Our scenario range runs from 21.90 TRY (bear case) to 43.83 TRY (bull case); at 46.54 TRY, the current price sits above that range. The share trades about 21% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -11% fair-value upside, at -29%, BAKAB screens richer 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
Gordon GGM 3.64 TRY 7.26 TRY 11.00 TRY 70
DDM Multi-Stage 3.64 TRY 6.28 TRY 7.67 TRY 61
EV/EBITDA 41.42 TRY 55.68 TRY 69.94 TRY 54
All 5 models by family
DCF Models
Owner Earnings 3.24 TRY 8.83 TRY 20.12 TRY 31
Dividend Discount
Gordon GGM 3.64 TRY 7.26 TRY 11.00 TRY 70
DDM Multi-Stage 3.64 TRY 6.28 TRY 7.67 TRY 61
Multiples
EV/EBITDA 41.42 TRY 55.68 TRY 69.94 TRY 54
Asset-Based
NCAV (Graham) 19.15 TRY 25.66 TRY 38.29 TRY 50

Widest divergence: Multiples (55.68 TRY) versus Dividend Discount (6.28 TRY). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) 6.0B TRY
Revenue growth (YoY) +14.6%
Net margin -0.3%
Return on equity -0.6%
Free cash flow −117M TRY FY2025
Operating margin 3.9%
More key figures
EPS (TTM) -0.2500 TRY
EPS growth (YoY) +9.4%
Net debt 793M TRY FY2025

Figures from reported company fundamentals · as of Aug 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 34 · Market factors (momentum, volatility) 58

Profitability 20
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 50
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

Bak Ambalaj Sanayi ve Ticaret A.S. produces and sells printed, unprinted, and laminated flexible packaging for various sectors in Turkey and internationally.

Full company description

Bak Ambalaj Sanayi ve Ticaret A.S. produces and sells printed, unprinted, and laminated flexible packaging for various sectors in Turkey and internationally. The company offers packaging products for snack food; cookies and cakes; chocolate and confectionaries; breads and fresh food; instant food and drinks; dried food and pastas; coffee and tea; chemicals and hygiene; and other products. It exports its products primarily to Western Europe. Bak Ambalaj Sanayi ve Ticaret A.S. was founded in 1973 and is headquartered in Izmir, Turkey. Bak Ambalaj Sanayi ve Ticaret A.S. is a subsidiary of Bakioglu Holding AS.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bak Ambalaj Sanayi ve Ticaret A.S. reported revenue of 5.8B TRY in FY2025 versus 896M TRY in FY2021, a compound +59.3%/yr. Reported net income was −175M TRY in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
5.8B TRY
Latest YoY
+0.6%
Avg. growth/yr (3Y)
+43.4%
Avg. growth/yr (5Y)
+57.5%
Avg. growth/yr (20Y)
+24.4%
Revenue +59.3%/yr
FY21 896M TRY
FY22 2.0B TRY
FY23 4.9B TRY
FY24 5.7B TRY
FY25 5.8B TRY
Net income
FY21 76.2M TRY
FY22 163M TRY
FY23 54.6M TRY
FY24 −384M TRY
FY25 −175M TRY

BAKAB screens 29% overvalued. Compare with Stora Enso Oyj →

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Cite: Fair Value Calculator (2026). "Bak Ambalaj Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/BAKAB

Peer Group

Packaging & Containers · 282 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 39 · Bottom 25%
Fair Value upside −29% · Below median
Return on assets 1% · Below median
Net margin (TTM) -0% · Bottom 25%
Operating margin (TTM) 4% · Below median
Revenue growth 15% · Top 25%
Debt / equity 0.12× · Lower than median

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/S (TTM) 0.01× · 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 7
FUTURE 73 · sector 2
PAST 0 · sector 20
HEALTH 94 · sector 92
DIVIDEND 0 · sector 42

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 Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥25.56 ¥20.88 -18%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Time Technoplast Limited TIMETECHNO ₹181.04 ₹161.42 -11%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%
PT Panca Budi Idaman Tbk, PBID 486.00 IDR 885.39 IDR +82%

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Frequently asked questions

Is Bak Ambalaj Sanayi ve Ticaret A.S. (BAKAB) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of 32.86 TRY versus a price of 46.54 TRY, about −29% (overvalued).
What is the fair value of BAKAB?
Our model-based fair value for Bak Ambalaj Sanayi ve Ticaret A.S. is 32.86 TRY (as of Aug 5, 2026), built from audited fundamentals. The current price is 46.54 TRY.
What is the quality score of BAKAB?
Bak Ambalaj Sanayi ve Ticaret A.S. has a Quality Score of 39/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Bak Ambalaj Sanayi ve Ticaret A.S. (BAKAB)?
Bak Ambalaj Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 6.0B TRY (latest available figure, as of Aug 5, 2026).
What is the net profit margin of BAKAB?
The net profit margin of Bak Ambalaj Sanayi ve Ticaret A.S. is about -0.3%, meaning it is currently running at a net loss. 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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