Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER) fair value: what the stock is really worth
We calculate from audited financials what Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. manufactures and sells iron, steel mesh, and reinforcing bar products in Turkey. It offers cold drawing rods and pipe ducts, as well as prefabricated, reinforced concrete structure, and concrete transformer substation mesh products. Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S.
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Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. manufactures and sells iron, steel mesh, and reinforcing bar products in Turkey. It offers cold drawing rods and pipe ducts, as well as prefabricated, reinforced concrete structure, and concrete transformer substation mesh products. Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. was founded in 1985 and is headquartered in Ankara, Turkey.
Stock analysis
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER) currently trades at 23.40 TRY, while our model-based Fair Value estimate is 13.21 TRY, implying the stock looks roughly 77.1% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 17.90 TRY per share, and 3 of the 14 models we run sit above the 23.40 TRY price.
Bear case: the Multiples group reads lowest at 5.22 TRY, and 11 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: 9.25 TRY (bear) to 17.17 TRY (bull), the price of 23.40 TRY sits above 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 47/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. reported revenue of 6.9B TRY in FY2025 versus 927M TRY in FY2021, a compound +65.1%/yr. Reported net income was 17.1M TRY in FY2025, compounding +28.2%/yr from FY2021.
Key figures
Market cap 1.5B TRY (≈ $31.5M) · P/S ratio 0.22 · EPS (TTM) −0.9700 TRY · Dividend yield 0.8% · Net margin 0.2% · Return on equity 1.8% · Return on assets (EBIT) 5.5% · Operating margin −1.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 64% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −26% fair-value upside, at −44%, DOFER screens richer than that median.
Fair Value models
Bear 9.25 TRYFair Value 13.21 TRYBull 17.17 TRY
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+48.5%
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.
+33.9%
Revenue growth 5 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.
+61.3%
’20
’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. 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.
+24.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.8%
Dividend (yield on the price)0.8%
Profit margin 2020 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.3% → 2%
Compare Dofer Yapi Malzemeleri 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.Steel · 405 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−53% · Bottom 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets3% · Above median
Net margin (TTM)0% · Below median
Operating margin (TTM)−2% · Bottom 25%
Growth and dividend
Revenue growth15% · Top 25%
Dividend yield (TTM)0.8% · Below median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 14
FUTURE (revenue growth)75· sector 3
PAST (return on equity)7· sector 14
HEALTH (low debt)100· sector 95
DIVIDEND (yield)16· sector 47
VALUE 0: the price sits above our fair-value range.
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). "Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/DOFER
Frequently asked questions
Is Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 13.21 TRY versus a price of 23.40 TRY, about −44% upside (overvalued).
What is the fair value of DOFER?
Our model-based fair value for Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 13.21 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 23.40 TRY.
What is the quality score of DOFER?
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. has a Quality Score of 47/100. 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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Our model-based price target is the fair value of 13.21 TRY (as of Sep 13, 2026) from 14 valuation models. Cautious scenario 9.25 TRY, optimistic scenario 17.17 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. stock forecast for 2026?
Our models put fair value at 13.21 TRY, about −44% upside versus a price of 23.40 TRY (overvalued). Cautious scenario 9.25 TRY, optimistic scenario 17.17 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 7.1B TRY (latest available figure, as of Sep 13, 2026).
Does Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. pay a dividend?
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. currently shows a dividend yield of about 0.81% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. it is 13.21 TRY per share (as of Sep 13, 2026), against a price of 23.40 TRY. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. stock overvalued or undervalued in 2026?
As of Sep 13, 2026, DOFER trades above its calculated fair value: price 23.40 TRY, fair value 13.21 TRY, a gap of about −44% (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 DOFER?
No. The price is what the market pays today (23.40 TRY); the fair value is what the company's own numbers justify (13.21 TRY). For Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. the two are 10.19 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. worth?
The market values Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. at about 1.5B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 23.40 TRY; our models calculate a fair value of 13.21 TRY per share.
What do the bullish and bearish scenarios say about DOFER?
Our models span a range for Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S.: cautious scenario 9.25 TRY, base 13.21 TRY, optimistic 17.17 TRY per share (as of Sep 13, 2026, price 23.40 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Balance-sheet figures for Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (as of Sep 13, 2026): return on equity 1.8%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is DOFER from its 52-week high?
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. trades at 23.40 TRY, about 64% below its 52-week high of 65.80 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 13.21 TRY is for.
Which stocks are comparable to Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S.?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, JSW Steel Limited, Steel Dynamics, 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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. stock attractive at the current price?
The data as of Sep 13, 2026: price 23.40 TRY, calculated fair value 13.21 TRY (−44%), Quality Score 47/100, from 14 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 DOFER calculated?
We run Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. through 14 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 13.21 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 16.1 % above its aggregate fair value. Dofer Yapi Malzemeleri 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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The closing price on Sep 21, 2026 was 23.40 TRY. Our model-based fair value is 13.21 TRY, about −44% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. right now?
The price sits above even our optimistic bull case (17.17 TRY). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (9.25 TRY to 17.17 TRY) leaves room in how you read the outcome.
Key figures of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S.
How large is the market capitalisation of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The market capitalisation of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 1.5B TRY (≈ $31.5M). 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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The price-to-sales ratio of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 0.22 (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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Earnings per share at Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. are −0.9700 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The dividend yield of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 0.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The net margin of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 0.2% (fiscal year 2025). 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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The return on equity (ROE) of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 1.8% (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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
On an EBIT basis the return on assets of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 5.5% (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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
The operating margin of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is −1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Revenue at Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is growing +14.9% versus a year earlier (3y avg +33.9%). 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 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER)?
Earnings per share at Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. are growing −44.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER) generate?
The free cash flow of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is −390M TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER) carry?
The net debt of Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. is 302M TRY (fiscal year 2025). 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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