Bera Holding (BERA) Fair Value & Analysis

Industrials · TR · Market cap 8.7B TRY

Below-average quality, and screening another 68% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (5.11 TRY). The favourable scenario is already priced in.
• Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

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 4.03 TRY – 21.50 TRY · fair‑value band 3.07 TRY – 5.11 TRY · the 12.75 TRY price screens above the 4.09 TRY fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Bera Holding (BERA) currently trades at 12.75 TRY, while our model-based Fair Value estimate is 4.09 TRY, implying the stock looks roughly 67.9% overvalued today. We read business quality at 34/100 (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: medium).

Over the trailing twelve months, Bera Holding generated revenue of 19.3B TRY at a net margin of -3.3%. Revenue grew 4.0% year over year. It earns a return on equity of -1.3%. Net debt stands at 98.9M TRY. Fundamentals as of Aug 5, 2026

Our scenario range runs from 3.07 TRY (bear case) to 5.11 TRY (bull case); at 12.75 TRY, the current price sits above that range. The share trades about 45% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -68%, BERA 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.

Widest divergence: Asset-Based (29.29 TRY) versus Multiples (4.81 TRY). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Bera Holding A.S. operates in the paper and cardboard, machinery, oil, construction and building materials, marble, textiles, tourism, and food sectors worldwide.

Full company description

Bera Holding A.S. operates in the paper and cardboard, machinery, oil, construction and building materials, marble, textiles, tourism, and food sectors worldwide. It offers paper, printing, and packaging products under the KOMEKS OKUL DEFTERLERI, Konya Kagit Sanayi ve Ticaret A.S., MURATLI KARTON, Speed, Ultra copy, ekstra copy, Konya Kagit Günesli Isletmesi, and KONKA AMBALAJ brands; machinery products under the MPG, WAGNER, and SPARK brands; petroleum products under the KONGAZ and afrapetrol brands; food, livestock, and marketing products under the GOLDA, kardelen, MELDA, and ANATOLi brands; and construction and building materials under the DivaMDF, Bauplast, Divalam, FENSTERBAU, KOMPEN, KOMYAPI, komline, mialime, Laodica, and Divapan brands. The company also offers marble and minerals under the adaçal, Hisar, and KOMBASSAN MERMER brands; textile products under the KOVEKA brand; tourism and hotel management products under the Bera Alanya and Bera Konya brands; and rollers under the ART BEARINGS, URB, and mgm brands. The company was formerly known as Kombassan Holding A.S. and changed its name to Bera Holding A.S. in July 2017. The company was founded in 1988 and is based in Konya, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bera Holding reported revenue of 19.1B TRY in FY2025 versus 4.2B TRY in FY2021, a compound +45.9%/yr. Reported net income was 164M TRY in FY2025, compounding −31.5%/yr from FY2021.

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Peer Group

Conglomerates · 376 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.

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: 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.

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

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Frequently asked questions

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.