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Eminis Ambalaj Sanayi ve Ticaret A.S. (EMNIS) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 998M TRY

EA Eminis Ambalaj Sanayi ve Ticaret A.S. EMNIS · IS
Price160.90 TRY
Fair Value18.10 TRY
Upside-88.8%
Quality42/100
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Mixed Growth
Loss-making · -1.0% net margin
Low debt · generates free cash flow
Trails peers (3/13)
Narrow moat 15/100
Evidence: Medium Range 11.73 TRY – 26.22 TRY Share as image

Fair value as of: Aug 8, 2026

From 24 valuation models · updated yesterday

Share price +6.6% over the past month.

Below-average quality, and screening another 89% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (26.22 TRY). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (11.73 TRY to 26.22 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

575.00 TRY 16.99 TRY Fair Value 18.10 TRY May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range 16.99 TRY – 575.00 TRY · fair‑value band 11.73 TRY – 26.22 TRY · the 160.90 TRY price screens above the 18.10 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Eminis Ambalaj Sanayi ve Ticaret A.S. (EMNIS) currently trades at 160.90 TRY, while our model-based Fair Value estimate is 18.10 TRY, implying the stock looks roughly 88.8% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Consumer Cyclical 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, Eminis Ambalaj Sanayi ve Ticaret A.S. generated revenue of 472M TRY at a net margin of -1.0%. Revenue declined 2.4% year over year. It earns a return on equity of -2.2%. Net debt stands at 5.6M TRY. Fundamentals as of Aug 8, 2026

Our scenario range runs from 11.73 TRY (bear case) to 26.22 TRY (bull case); at 160.90 TRY, the current price sits above 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 33% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at -89%, EMNIS 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 15.15 TRY 23.84 TRY 36.29 TRY 80
Rev-Margin DCF 12.92 TRY 21.12 TRY 31.70 TRY 74
ROIC Compounder 9.88 TRY 11.94 TRY 14.17 TRY 72
All 24 models by family
DCF Models
FCF DCF 15.38 TRY 25.27 TRY 40.37 TRY 38
Owner Earnings 23.41 TRY 38.62 TRY 61.86 TRY 31
5Y Revenue Exit 12.92 TRY 21.23 TRY 32.33 TRY 39
5Y EBITDA Exit 18.14 TRY 31.95 TRY 49.25 TRY 41
5Y P/E Exit 17.31 TRY 30.24 TRY 44.99 TRY 38
10Y Revenue Exit 13.36 TRY 21.12 TRY 32.68 TRY 36
10Y EBITDA Exit 16.84 TRY 28.29 TRY 45.59 TRY 37
10Y P/E Exit 16.34 TRY 27.15 TRY 42.34 TRY 35
Earnings-Based
Graham-Dodd 8.93 TRY 41.31 TRY 56.73 TRY 54
Lynch FV 10.88 TRY 15.54 TRY 20.20 TRY 50
PEG = 1.0 10.88 TRY 15.54 TRY 20.20 TRY 46
EPV 9.20 TRY 10.39 TRY 11.38 TRY 59
Multiples
P/E Multiple 19.70 TRY 26.27 TRY 32.84 TRY 63
P/S Multiple 16.75 TRY 22.33 TRY 27.91 TRY 58
P/B Multiple 5.66 TRY 7.55 TRY 9.44 TRY 55
EV/EBIT 17.18 TRY 22.74 TRY 28.31 TRY 53
EV/EBITDA 21.65 TRY 28.70 TRY 35.75 TRY 54
EV/Revenue 11.74 TRY 16.56 TRY 21.38 TRY 43
Asset-Based
NCAV (Graham) 1.26 TRY 1.69 TRY 2.52 TRY 50
Growth DCF
Growth DCF 15.15 TRY 23.84 TRY 36.29 TRY 80
Rev-Margin DCF 12.92 TRY 21.12 TRY 31.70 TRY 74
Economic Profit
Residual Income 9.57 TRY 15.46 TRY 242.52 TRY 61
ROIC Compounder 9.88 TRY 11.94 TRY 14.17 TRY 72
Growth Earnings
Growth-Adj P/E 16.93 TRY 24.18 TRY 31.44 TRY 68

Widest divergence: DCF Models (27.15 TRY) versus Asset-Based (1.69 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 472M TRY
Revenue growth (YoY) -2.4%
Net margin -1.0%
Return on equity -2.2%
Free cash flow 8.7M TRY FY2021
P/E ratio 247.5
More key figures
Operating margin 2.4%
EPS (TTM) 0.6500 TRY
EPS growth (YoY) -77.0%
Net debt 5.6M TRY FY2020

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 49 · Market factors (momentum, volatility) 36

Profitability 60
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 13
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.

About the company

Eminis Ambalaj Sanayi ve Ticaret A.S. engages in the manufacture and sale of plastic and metal packaging products in Turkey and internationally.

Full company description

Eminis Ambalaj Sanayi ve Ticaret A.S. engages in the manufacture and sale of plastic and metal packaging products in Turkey and internationally. The company offers plastic products, including bucket, heavy bucket, performance bucket, light bucket, and can products; and can, spout cap, monoblock, drum, putty can, diameter box, bucket, and bottom ring metal products. Its products are used in paint and chemical, mineral oil, construction chemicals, pool chemicals, confectionery, marmalade and chocolate, powder beverage, and cosmetics industries. Eminis Ambalaj Sanayi ve Ticaret A.S. was incorporated in 1970 and is based in Dilovasi, Turkey.

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

Revenue & earnings trend

FY2017 – FY2021 · reported fiscal years

Eminis Ambalaj Sanayi ve Ticaret A.S. reported revenue of 89.8M TRY in FY2021 versus 56.5M TRY in FY2017, a compound +12.3%/yr. Reported net income was 8.1M TRY in FY2021.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2021)
89.8M TRY
Latest YoY
+63.5%
Avg. growth/yr (3Y)
+11.3%
Avg. growth/yr (5Y)
+20.0%
Avg. growth/yr (17Y)
+9.0%
Revenue +12.3%/yr
FY17 56.5M TRY
FY18 65.0M TRY
FY19 37.6M TRY
FY20 54.9M TRY
FY21 89.8M TRY
Net income
FY17 −4.1M TRY
FY18 −17.8M TRY
FY19 −12.8M TRY
FY20 12.5M TRY
FY21 8.1M TRY

EMNIS screens 89% overvalued. Compare with Stora Enso Oyj →

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Cite: Fair Value Calculator (2026). "Eminis Ambalaj Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/EMNIS

Peer Group

Packaging & Containers · 271 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 42 · Bottom 25%
Fair Value upside −89% · Bottom 25%
Return on assets 3% · Below median
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 2% · Bottom 25%
Revenue growth -2% · Below median
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 247.5× · Pricier than 75% of peers
P/B 1.34× · Pricier than median
P/S (TTM) 0.04× · Cheaper than 75% of peers
P/FCF 2.4× · Pricier than median
EV/EBITDA 1.0× · 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 0 · sector 9
FUTURE 0 · sector 1
PAST 0 · sector 21
HEALTH 97 · sector 92
DIVIDEND 0 · sector 43

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.

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 Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
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SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

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Frequently asked questions

Is Eminis Ambalaj Sanayi ve Ticaret A.S. (EMNIS) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 18.10 TRY versus a price of 160.90 TRY, about −89% (overvalued).
What is the fair value of EMNIS?
Our model-based fair value for Eminis Ambalaj Sanayi ve Ticaret A.S. is 18.10 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 160.90 TRY.
What is the quality score of EMNIS?
Eminis Ambalaj Sanayi ve Ticaret A.S. has a Quality Score of 42/100. 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 Eminis Ambalaj Sanayi ve Ticaret A.S. (EMNIS)?
Eminis Ambalaj Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 472M TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of EMNIS?
The net profit margin of Eminis Ambalaj Sanayi ve Ticaret A.S. is about -1.0%, 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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