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CMENT Fair Value & Analysis

Basic Materials · Market cap 24.1B TRY

C CMENT CMENT · IS
Price278.25 TRY
Fair Value235.64 TRY
Upside-15.3%
Quality43/100
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Mixed Growth
Thin margins · 4.3% net margin
Low debt · generates free cash flow
Trails peers (4/13)
Narrow moat 21/100
Evidence: Medium Range 176.73 TRY – 294.55 TRY Share as image

Fair value as of: Aug 6, 2026

From 24 valuation models · updated today

Share price −8.5% over the past month.

Below-average quality, and screening another 15% overvalued on our models.

What matters now

  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Our model range runs from 176.73 TRY (bear) to 294.55 TRY (bull), base 235.64 TRY. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 43/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

629.11 TRY 24.38 TRY Fair Value 235.64 TRY May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range 24.38 TRY – 629.11 TRY · fair‑value band 176.73 TRY – 294.55 TRY · the 278.25 TRY price screens above the 235.64 TRY fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

CMENT (CMENT) currently trades at 278.25 TRY, while our model-based Fair Value estimate is 235.64 TRY, implying the stock looks roughly 15.3% overvalued today. We read business quality at 43/100 (below-average quality), in the Basic Materials 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, CMENT generated revenue of 15.8B TRY at a net margin of 4.3%. Revenue declined 30.1% year over year. It earns a return on equity of 5.2%. The stock trades on a trailing P/E of 35.6. Fundamentals as of Aug 6, 2026

Our scenario range runs from 176.73 TRY (bear case) to 294.55 TRY (bull case); at 278.25 TRY, the current price sits within that range. The share trades about 42% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -15%, CMENT screens cheaper 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
Growth DCF 341.13 TRY 596.04 TRY 1,111 TRY 80
Residual Income 150.54 TRY 160.15 TRY 176.90 TRY 76
Rev-Margin DCF 297.43 TRY 516.63 TRY 950.16 TRY 74
All 24 models by family
DCF Models
FCF DCF 359.86 TRY 540.57 TRY 1,116 TRY 38
Owner Earnings 273.12 TRY 564.43 TRY 1,176 TRY 31
5Y Revenue Exit 284.74 TRY 457.24 TRY 818.03 TRY 39
5Y EBITDA Exit 369.99 TRY 629.62 TRY 1,139 TRY 41
5Y P/E Exit 288.05 TRY 566.22 TRY 941.53 TRY 38
10Y Revenue Exit 302.34 TRY 603.44 TRY 792.76 TRY 36
10Y EBITDA Exit 373.18 TRY 787.01 TRY 1,512 TRY 37
10Y P/E Exit 313.38 TRY 610.56 TRY 1,090 TRY 35
Earnings-Based
Graham-Dodd 94.25 TRY 657.32 TRY 922.45 TRY 54
Lynch FV 284.77 TRY 406.82 TRY 528.87 TRY 50
PEG = 1.0 284.77 TRY 406.82 TRY 528.87 TRY 46
EPV 223.70 TRY 253.53 TRY 279.62 TRY 59
Multiples
P/E Multiple 207.92 TRY 277.22 TRY 346.53 TRY 63
P/S Multiple 176.73 TRY 235.64 TRY 294.55 TRY 58
P/B Multiple 176.73 TRY 235.64 TRY 294.55 TRY 55
EV/EBIT 326.59 TRY 420.53 TRY 514.47 TRY 53
EV/EBITDA 361.18 TRY 466.66 TRY 572.13 TRY 54
EV/Revenue 234.74 TRY 316.15 TRY 397.57 TRY 43
Asset-Based
NCAV (Graham) 91.39 TRY 122.46 TRY 182.78 TRY 50
Growth DCF
Growth DCF 341.13 TRY 596.04 TRY 1,111 TRY 80
Rev-Margin DCF 297.43 TRY 516.63 TRY 950.16 TRY 74
Economic Profit
Residual Income 150.54 TRY 160.15 TRY 176.90 TRY 76
ROIC Compounder 268.80 TRY 357.72 TRY 434.57 TRY 72
Growth Earnings
Growth-Adj P/E 345.31 TRY 493.30 TRY 641.29 TRY 68

Widest divergence: DCF Models (566.22 TRY) versus Asset-Based (122.46 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 15.8B TRY
Revenue growth (YoY) -30.1%
Net margin 4.3%
Return on equity 5.2%
Free cash flow 1.6B TRY FY2025
P/E ratio 35.6
More key figures
Operating margin -18.7%
EPS (TTM) 7.81 TRY
EPS growth (YoY) +17.0%

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 57 · Market factors (momentum, volatility) 28

Profitability 35
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 27
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 82
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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CMENT reported revenue of 17.0B TRY in FY2025 versus 1.8B TRY in FY2021, a compound +74.9%/yr. Reported net income was 1.2B TRY in FY2025, compounding +64.8%/yr from FY2021.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
17.0B TRY
Latest YoY
−9.9%
Avg. growth/yr (3Y)
+53.1%
Avg. growth/yr (5Y)
+71.7%
Avg. growth/yr (20Y)
+23.7%
Revenue +74.9%/yr
FY21 1.8B TRY
FY22 4.7B TRY
FY23 15.5B TRY
FY24 18.9B TRY
FY25 17.0B TRY
Net income +64.8%/yr
FY21 163M TRY
FY22 865M TRY
FY23 1.3B TRY
FY24 1.2B TRY
FY25 1.2B TRY

CMENT screens 15% overvalued. Compare with CRH plc →

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Cite: Fair Value Calculator (2026). "CMENT Fair Value". https://www.fairvalue-calculator.com/stock/CMENT

Peer Group

Building Materials · 255 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 43 · Below median
Fair Value upside −15% · Below median
Return on equity (TTM) 5% · Above median
Return on assets 3% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) -19% · Bottom 25%
Revenue growth -30% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 35.6× · Pricier than 75% of peers
P/B 1.52× · Pricier than 75% of peers
P/S (TTM) 1.52× · Pricier than 75% of peers
P/FCF 0.3× · Cheaper than median
EV/EBITDA 11.0× · Pricier 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 13 · sector 27
FUTURE 0 · sector 2
PAST 21 · sector 15
HEALTH 100 · sector 92
DIVIDEND 0 · sector 42

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 Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is CMENT overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of 235.64 TRY versus a price of 278.25 TRY, about −15% (overvalued).
What is the fair value of CMENT?
Our model-based fair value for CMENT is 235.64 TRY (as of Aug 6, 2026), built from audited fundamentals. The current price is 278.25 TRY.
What is the quality score of CMENT?
CMENT has a Quality Score of 43/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of CMENT?
CMENT reported trailing-twelve-month revenue of about 15.8B TRY (latest available figure, as of Aug 6, 2026).
What is the net profit margin of CMENT?
The net profit margin of CMENT is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. 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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