Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM) fair value: what the stock is really worth
As of Nov 3, 2026: fair value (intrinsic value) of Cagdas Cam Sanayi ve Ticaret A.S. stock TRY 11.54, price TRY 15.12, that is 23.7% below the price, quality 48 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
23‑month range 14.70 TRY – 52.55 TRY · fair‑value band 9.96 TRY – 15.56 TRY · the 15.12 TRY price screens above the 11.54 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Cagdas Cam Sanayi ve Ticaret A.S. produces and sells glass products in Turkey and internationally. The company offers glass for commercial refrigeration and household appliances; solar glass, including solar panel, solar collector, and solar mirror; and greenhouse glass.
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It also trades in and distributes glass products, such as float, mirror, laminated, coated, and colored glass. The company was founded in 1975 and is headquartered in Aydin, Turkey.
Stock analysis
Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM) currently trades at 15.12 TRY, while our model-based Fair Value estimate is 11.54 TRY, 24% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 35.18 TRY per share, and 11 of the 21 models we run sit above the 15.12 TRY price.
Bear case: the Growth DCF group reads lowest at 2.95 TRY, and 10 of the 21 models stay below the price. Data coverage for this calculation is low.
Scenario range: 9.96 TRY (bear) to 15.56 TRY (bull), the price of 15.12 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 48/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Cagdas Cam Sanayi ve Ticaret A.S. reported revenue of 2.5B TRY in FY2025 versus 1.2B TRY in FY2021, a compound +20.6%/yr. Reported net income was 455M TRY in FY2025, compounding +16.1%/yr from FY2021.
Key figures
Market cap 2.5B TRY (≈ $50.8M) Micro · P/E ratio 13.4 · P/S ratio 1.14 · EPS (TTM) 1.13 TRY · Net margin 7.4% · Return on equity 3.7% · Return on assets (EBIT) 15.8% · Operating margin −8.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 71% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −20% fair-value upside, at −24%, CGCAM screens richer than that median.
Fair Value models
Bear9.96 TRYFair Value 11.54 TRYBull15.56 TRY
Price 15.12 TRY · Downside -23.7%
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 (0.9535 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.29/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−14.6%
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.
+1.8%
’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.
+7.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.1%
Dividend (yield on the price)0.0%
Profit margin 2021 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.25% → 17%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+40.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Turkey: IMF forecast 19.3% a year to 2030, 28.5% from 2016 to 2025) that is about +17.6% a year for the price.
Compare Cagdas Cam Sanayi ve Ticaret A.S. 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.Building Materials · 256 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−23.7% · Below median
Profitability
Return on equity (12 months)3.7% · Below median
Return on assets7.6% · Top 25%
Net margin (12 months)7.4% · Above median
Operating margin (12 months)−8.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−5.4% · Below median
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Building Materials 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). "Cagdas Cam Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/CGCAM
Frequently asked questions
Is Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 11.54 TRY versus a price of 15.12 TRY, about 24% lower (overvalued).
What is the fair value of CGCAM?
Our model-based fair value for Cagdas Cam Sanayi ve Ticaret A.S. is 11.54 TRY (as of Nov 3, 2026), built from audited fundamentals. The current price: 15.12 TRY.
What is the quality score of CGCAM?
Cagdas Cam Sanayi ve Ticaret A.S. has a Quality Score of 48/100. 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 Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
Our model-based price target is the fair value of 11.54 TRY (as of Nov 3, 2026) from 21 valuation models. Cautious scenario 9.96 TRY, optimistic scenario 15.56 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Cagdas Cam Sanayi ve Ticaret A.S. stock forecast for 2026?
Our models put fair value at 11.54 TRY, about 24% lower versus a price of 15.12 TRY (overvalued). Cautious scenario 9.96 TRY, optimistic scenario 15.56 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
Cagdas Cam Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 2.2B TRY (latest available figure, as of Nov 3, 2026).
What growth is priced into Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
For today's price to be fair in a discounted-cash-flow model, Cagdas Cam Sanayi ve Ticaret A.S. would have to grow free cash flow by +40.3 % per year for five years (discount rate 17.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +20.6 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of CGCAM use?
Our models discount Cagdas Cam Sanayi ve Ticaret A.S. at 17.2 %: a base by market capitalisation (micro), country premium for Turkey. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Cagdas Cam Sanayi ve Ticaret A.S. that is +40.3 % per year a year over ten years, using the same discount rate (17.2 %) and the same formula as our fair value.
How much growth has Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM) delivered so far?
Over the past 4 years revenue at Cagdas Cam Sanayi ve Ticaret A.S. grew +20.6 % a year. The price currently implies +40.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM) growing?
The median revenue growth in the sector is +11.2 % a year. That is the yardstick for the growth priced into Cagdas Cam Sanayi ve Ticaret A.S. (+40.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
The free-cash-flow yield on the price is 2.74 %: that much free cash flow Cagdas Cam Sanayi ve Ticaret A.S. produces per unit of market value. When it exceeds the discount rate of our models (17.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cagdas Cam Sanayi ve Ticaret A.S. it is 11.54 TRY per share (as of Nov 3, 2026), against a price of 15.12 TRY. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Cagdas Cam Sanayi ve Ticaret A.S. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, CGCAM trades above its calculated fair value: price 15.12 TRY, fair value 11.54 TRY, a gap of about −24% (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 CGCAM?
No. The price is what the market pays today (15.12 TRY); the fair value is what the company's own numbers justify (11.54 TRY). For Cagdas Cam Sanayi ve Ticaret A.S. the two are 3.58 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Cagdas Cam Sanayi ve Ticaret A.S. worth?
The market values Cagdas Cam Sanayi ve Ticaret A.S. at about 2.5B TRY (market capitalisation, as of Nov 3, 2026). Per share that is 15.12 TRY; our models calculate a fair value of 11.54 TRY per share.
What do the bullish and bearish scenarios say about CGCAM?
Our models span a range for Cagdas Cam Sanayi ve Ticaret A.S.: cautious scenario 9.96 TRY, base 11.54 TRY, optimistic 15.56 TRY per share (as of Nov 3, 2026, price 15.12 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CGCAM?
Cagdas Cam Sanayi ve Ticaret A.S. trades at a price-to-earnings ratio of 13.4 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.54 TRY is built from several models across several years. Other multiples: P/B 0.6, P/S 1.1, EV/EBITDA 7.4.
How solid is the balance sheet of Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
Balance-sheet figures for Cagdas Cam Sanayi ve Ticaret A.S. (as of Nov 3, 2026): return on equity 3.7%, debt of 0.05 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is CGCAM from its 52-week high?
Cagdas Cam Sanayi ve Ticaret A.S. trades at 15.12 TRY, about 71% below its 52-week high of 52.55 TRY and 3% above the low of 14.70 TRY (as of Nov 3, 2026). Distance from the high says nothing about value: that is what the fair value of 11.54 TRY is for.
Which stocks are comparable to Cagdas Cam Sanayi ve Ticaret A.S.?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Vulcan Materials Company, Martin Marietta Materials, Inc, 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 Cagdas Cam Sanayi ve Ticaret A.S. stock attractive at the current price?
The data as of Nov 3, 2026: price 15.12 TRY, calculated fair value 11.54 TRY (−24%), Quality Score 48/100, from 21 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 CGCAM calculated?
We run Cagdas Cam Sanayi ve Ticaret A.S. through 21 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 11.54 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 14.5% above its aggregate fair value. Cagdas Cam Sanayi ve Ticaret A.S. 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 Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
The closing price on Nov 3, 2026 was 15.12 TRY. Our model-based fair value is 11.54 TRY, about 24% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cagdas Cam Sanayi ve Ticaret A.S. right now?
Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Cagdas Cam Sanayi ve Ticaret A.S.
How large is the market capitalisation of Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
The market capitalisation of Cagdas Cam Sanayi ve Ticaret A.S. is 2.5B TRY (≈ $50.8M). 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 Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
The price-to-sales ratio of Cagdas Cam Sanayi ve Ticaret A.S. is 1.14 (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 Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
Earnings per share at Cagdas Cam Sanayi ve Ticaret A.S. are 1.13 TRY (price ÷ EPS = P/E 13.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
The net margin of Cagdas Cam Sanayi ve Ticaret A.S. is 7.4% (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 Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
The return on equity (ROE) of Cagdas Cam Sanayi ve Ticaret A.S. is 3.7% (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 Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
On an EBIT basis the return on assets of Cagdas Cam Sanayi ve Ticaret A.S. is 15.8% (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 Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
The operating margin of Cagdas Cam Sanayi ve Ticaret A.S. is −8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
Revenue at Cagdas Cam Sanayi ve Ticaret A.S. is growing −5.4% versus a year earlier (3y avg +1.8%). 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 Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM)?
Earnings per share at Cagdas Cam Sanayi ve Ticaret A.S. are growing +19.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Cagdas Cam Sanayi ve Ticaret A.S. (CGCAM) carry?
The net debt of Cagdas Cam Sanayi ve Ticaret A.S. is 179M TRY (fiscal year 2025, ≈ 2.6 yrs of FCF). 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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Nov 3, 2026