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Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi (DMSAS) Fair Value & Analysis

Industrials · TR · Market cap 1.6B TRY

DD Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi DMSAS · IS
Price8.18 TRY
Fair Value12.86 TRY
Upside+57.2%
Quality34/100
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Mixed Growth
Loss-making · -5.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 16/100
Evidence: Medium Range 8.36 TRY – 17.36 TRY Share as image

Fair value as of: Aug 7, 2026

From 12 valuation models · updated yesterday

Share price −3.0% over the past month.

Below-average quality, screening 57% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (8.36 TRY). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (8.36 TRY to 17.36 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

13.80 TRY 1.64 TRY Fair Value 12.86 TRY May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.

How to read this chart

60‑month range 1.64 TRY – 13.80 TRY · fair‑value band 8.36 TRY – 17.36 TRY · the 8.18 TRY price screens below the 12.86 TRY fair value. Dashed = 300-day average. As of Aug 7, 2026.

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Analysis

Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi (DMSAS) currently trades at 8.18 TRY, while our model-based Fair Value estimate is 12.86 TRY, implying the stock looks roughly 57.2% undervalued today. We read business quality at 34/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi generated revenue of 3.2B TRY at a net margin of -5.9%. Revenue declined 7.4% year over year. It earns a return on equity of -14.2%. Net debt stands at 514M TRY. Fundamentals as of Aug 7, 2026

Our scenario range runs from 8.36 TRY (bear case) to 17.36 TRY (bull case); at 8.18 TRY, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 45% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at 57%, DMSAS 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 8.99 TRY 14.52 TRY 24.71 TRY 80
Rev-Margin DCF 7.88 TRY 14.70 TRY 27.13 TRY 74
Gordon GGM 0.1747 TRY 0.3095 TRY 0.4293 TRY 70
All 12 models by family
DCF Models
FCF DCF 9.55 TRY 13.67 TRY 25.99 TRY 38
5Y Revenue Exit 7.88 TRY 12.92 TRY 23.41 TRY 39
5Y EBITDA Exit 6.47 TRY 10.08 TRY 17.08 TRY 41
10Y Revenue Exit 8.24 TRY 16.39 TRY 21.54 TRY 36
10Y EBITDA Exit 7.53 TRY 13.66 TRY 23.89 TRY 37
Dividend Discount
Gordon GGM 0.1747 TRY 0.3095 TRY 0.4293 TRY 70
DDM Multi-Stage 0.1747 TRY 0.2846 TRY 0.3295 TRY 61
Multiples
EV/EBITDA 4.97 TRY 6.43 TRY 7.89 TRY 54
EV/Revenue 6.58 TRY 9.15 TRY 11.72 TRY 43
Asset-Based
NCAV (Graham) 1.62 TRY 2.18 TRY 3.25 TRY 50
Growth DCF
Growth DCF 8.99 TRY 14.52 TRY 24.71 TRY 80
Rev-Margin DCF 7.88 TRY 14.70 TRY 27.13 TRY 74

Widest divergence: Growth DCF (14.52 TRY) versus Dividend Discount (0.2846 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.2B TRY
Revenue growth (YoY) -7.4%
Net margin -5.9%
Return on equity -14.2%
Free cash flow 264M TRY FY2025
Operating margin 0.9%
More key figures
EPS (TTM) -1.06 TRY
EPS growth (YoY) +49.2%
Net debt 514M TRY FY2025

Figures from reported company fundamentals · as of Aug 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 36 · Market factors (momentum, volatility) 44

Profitability 22
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 29
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

Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi engages in the manufacture and sale of iron, cast iron, enameled products, enameled cast iron vessels, and other products in Turkey. The company offers Volan, air brake disc, pressure plate, campane, bracket, shaft arm, manifolt, and caliper body products.

Full company description

Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi engages in the manufacture and sale of iron, cast iron, enameled products, enameled cast iron vessels, and other products in Turkey. The company offers Volan, air brake disc, pressure plate, campane, bracket, shaft arm, manifolt, and caliper body products. It provides its products for the white goods and automotive industries. The company exports its products to Germany, Belgium, the Czech Republic, France, Holland, England, Spain, Italy, Hungary, Poland, Romania, Russia, Slovakia, and Tunisia. The company was incorporated in 1974 and is headquartered in Kocaeli, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi reported revenue of 3.3B TRY in FY2025 versus 681M TRY in FY2021, a compound +48.1%/yr. Reported net income was −212M TRY in FY2025.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.3B TRY
Latest YoY
−27.9%
Avg. growth/yr (3Y)
+32.5%
Avg. growth/yr (5Y)
+53.2%
Avg. growth/yr (20Y)
+19.2%
Revenue +48.1%/yr
FY21 681M TRY
FY22 1.4B TRY
FY23 4.1B TRY
FY24 4.5B TRY
FY25 3.3B TRY
Net income
FY21 32.0M TRY
FY22 −107M TRY
FY23 174M TRY
FY24 −111M TRY
FY25 −212M TRY

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Cite: Fair Value Calculator (2026). "Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/DMSAS

Peer Group

Metal Fabrication · 244 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 34 · Bottom 25%
Fair Value upside +57% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth -7% · Bottom 25%

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/S (TTM) 0.01× · Cheaper than 75% of peers
P/FCF 0.1× · 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 100 · sector 0
FUTURE 0 · sector 36
PAST 0 · sector 21
HEALTH 100 · sector 95
DIVIDEND 0 · sector 25

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

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Frequently asked questions

Is Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi (DMSAS) overvalued or undervalued?
As of Aug 7, 2026, our model estimates a fair value of 12.86 TRY versus a price of 8.18 TRY, about +57% (undervalued).
What is the fair value of DMSAS?
Our model-based fair value for Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi is 12.86 TRY (as of Aug 7, 2026), built from audited fundamentals. The current price is 8.18 TRY.
What is the quality score of DMSAS?
Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi has a Quality Score of 34/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi (DMSAS)?
Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi reported trailing-twelve-month revenue of about 3.2B TRY (latest available figure, as of Aug 7, 2026).
What is the net profit margin of DMSAS?
The net profit margin of Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi is about -5.9%, 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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