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Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi (BARMA) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 5.3B TRY

BA Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi BARMA · IS
Price20.34 TRY
Fair Value14.49 TRY
Upside-28.8%
Quality29/100
Mixed Growth
Loss-making · -1.2% net margin
Moderate debt · negative free cash flow
Trails peers (4/11)
Narrow moat 18/100
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Evidence: Medium Range 10.87 TRY – 18.11 TRY Share as image

Fair value as of: Aug 5, 2026

From 14 valuation models · updated today

Share price −70.8% 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 (18.11 TRY). The favourable scenario is already priced in.
  • Weak quality (29/100) 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 (4 years)

76.00 TRY 7.80 TRY Fair Value 14.49 TRY Aug 2022 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

47‑month range 7.80 TRY – 76.00 TRY · fair‑value band 10.87 TRY – 18.11 TRY · the 20.34 TRY price screens above the 14.49 TRY fair value. Dashed = 300-day average. As of Aug 5, 2026.

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

Analysis

Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi (BARMA) currently trades at 20.34 TRY, while our model-based Fair Value estimate is 14.49 TRY, implying the stock looks roughly 28.8% overvalued today. We read business quality at 29/100 (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: medium).

Over the trailing twelve months, Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi generated revenue of 3.6B TRY at a net margin of -1.2%. Revenue grew 231.1% year over year. It earns a return on equity of -0.9%. Net debt stands at 3.5B TRY. Fundamentals as of Aug 5, 2026

Our scenario range runs from 10.87 TRY (bear case) to 18.11 TRY (bull case); at 20.34 TRY, the current price sits above that range. The share trades about 75% below its 52-week high and 12% 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 -29%, BARMA 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
ROIC Compounder 0.9000 TRY 2.13 TRY 3.19 TRY 72
Growth-Adj P/E 24.82 TRY 35.46 TRY 46.10 TRY 68
P/E Multiple 12.78 TRY 17.04 TRY 21.30 TRY 63
All 14 models by family
Earnings-Based
Graham-Dodd 5.79 TRY 40.41 TRY 56.71 TRY 54
Lynch FV 18.92 TRY 27.02 TRY 35.13 TRY 50
PEG = 1.0 18.92 TRY 27.02 TRY 35.13 TRY 46
EPV 0.9000 TRY 2.13 TRY 3.19 TRY 59
Multiples
P/E Multiple 12.78 TRY 17.04 TRY 21.30 TRY 63
P/S Multiple 10.87 TRY 14.49 TRY 18.11 TRY 58
P/B Multiple 10.87 TRY 14.49 TRY 18.11 TRY 55
EV/EBIT 7.74 TRY 12.61 TRY 17.47 TRY 53
EV/EBITDA 9.80 TRY 15.36 TRY 20.92 TRY 54
EV/Revenue 2.98 TRY 7.20 TRY 11.42 TRY 43
Asset-Based
NCAV (Graham) 6.34 TRY 8.50 TRY 12.68 TRY 50
Economic Profit
Residual Income 10.04 TRY 10.44 TRY 10.81 TRY 61
ROIC Compounder 0.9000 TRY 2.13 TRY 3.19 TRY 72
Growth Earnings
Growth-Adj P/E 24.82 TRY 35.46 TRY 46.10 TRY 68

Widest divergence: Growth Earnings (35.46 TRY) versus Economic Profit (2.13 TRY). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Revenue (TTM) 3.6B TRY
Revenue growth (YoY) +231%
Net margin -1.2%
Return on equity -0.9%
Free cash flow −1.7B TRY FY2024
P/E ratio 24.5
More key figures
Operating margin 6.2%
EPS (TTM) 0.8300 TRY
EPS growth (YoY) -98.6%
Net debt 3.5B TRY FY2024

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

Quality Score breakdown

Overall quality 29/100

Of which business quality 33 · Market factors (momentum, volatility) 35

Profitability 28
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 54
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

Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi manufactures and markets packaging solutions in Turkey. It offers corrugated cardboard, sheet, box paper, and offset printed box products. The company serves food, cosmetics, textiles, and electronics. It also exports its products.

Full company description

Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi manufactures and markets packaging solutions in Turkey. It offers corrugated cardboard, sheet, box paper, and offset printed box products. The company serves food, cosmetics, textiles, and electronics. It also exports its products. Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi was incorporated in 1993 and is headquartered in Izmir, Turkey.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi reported revenue of 2.7B TRY in FY2024 versus 412M TRY in FY2020, a compound +59.5%/yr. Reported net income was 224M TRY in FY2024, compounding +47.8%/yr from FY2020.

Growth Quality 38/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
2.7B TRY
Latest YoY
−6.6%
Avg. growth/yr (3Y)
+51.3%
Revenue +59.5%/yr
FY20 412M TRY
FY21 771M TRY
FY22 2.8B TRY
FY23 2.9B TRY
FY24 2.7B TRY
Net income +47.8%/yr
FY20 46.8M TRY
FY21 122M TRY
FY22 209M TRY
FY23 166M TRY
FY24 224M TRY

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

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Cite: Fair Value Calculator (2026). "Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/BARMA

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 29 · Bottom 25%
Fair Value upside −29% · Below median
Return on assets 2% · Below median
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 6% · Above median
Revenue growth 231% · Top 25%
Debt / equity 0.58× · Higher than 75% of peers

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 24.5× · Pricier than median
P/S (TTM) 0.03× · Cheaper than 75% of peers
EV/EBITDA 3.0× · 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 100 · sector 2
PAST 0 · sector 20
HEALTH 71 · 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 Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi (BARMA) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of 14.49 TRY versus a price of 20.34 TRY, about −29% (overvalued).
What is the fair value of BARMA?
Our model-based fair value for Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi is 14.49 TRY (as of Aug 5, 2026), built from audited fundamentals. The current price is 20.34 TRY.
What is the quality score of BARMA?
Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi has a Quality Score of 29/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi (BARMA)?
Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi reported trailing-twelve-month revenue of about 3.6B TRY (latest available figure, as of Aug 5, 2026).
What is the net profit margin of BARMA?
The net profit margin of Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi is about -1.2%, 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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