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Ensari Sinai Yatirimlar Anonim Sirketi, (ENSRI) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 2.8B TRY

ES Ensari Sinai Yatirimlar Anonim Sirketi, ENSRI · IS
Price5.23 TRY
Fair Value4.29 TRY
Upside-18.0%
Quality20/100
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Expensive Growth
Loss-making · -16.6% net margin
Low debt · negative free cash flow
Trails peers (2/9)
Narrow moat 2/100
Evidence: Low Range 2.86 TRY – 5.25 TRY Share as image

Fair value as of: Aug 8, 2026

From 2 valuation models · updated yesterday

Share price −7.3% over the past month.

Below-average quality, and screening another 18% overvalued on our models.

What matters now

  • Weak quality (20/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (2.86 TRY to 5.25 TRY) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (4 years)

37.88 TRY 0.9981 TRY Fair Value 4.29 TRY Mar 2022 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

53‑month range 0.9981 TRY – 37.88 TRY · fair‑value band 2.86 TRY – 5.25 TRY · the 5.23 TRY price screens above the 4.29 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

Full chart & analysis →

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Analysis

Ensari Sinai Yatirimlar Anonim Sirketi, (ENSRI) currently trades at 5.23 TRY, while our model-based Fair Value estimate is 4.29 TRY, implying the stock looks roughly 18.0% overvalued today. The Quality Score stands at 20/100 (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: low).

Over the trailing twelve months, Ensari Sinai Yatirimlar Anonim Sirketi, generated revenue of 409M TRY at a net margin of -16.6%. Revenue declined 32.0% year over year. It earns a return on equity of -5.0%. Net debt stands at 378M TRY. Fundamentals as of Aug 8, 2026

Our scenario range runs from 2.86 TRY (bear case) to 5.25 TRY (bull case); at 5.23 TRY, the current price sits within 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. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at -18%, ENSRI 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
EV/EBITDA 2.93 TRY 4.29 TRY 5.85 TRY 54
NCAV (Graham) 25.16 TRY 33.74 TRY 50.51 TRY 50
All 2 models by family
Multiples
EV/EBITDA 2.93 TRY 4.29 TRY 5.85 TRY 54
Asset-Based
NCAV (Graham) 25.16 TRY 33.74 TRY 50.51 TRY 50

Widest divergence: Asset-Based (33.74 TRY) versus Multiples (4.29 TRY). Highest evidence: EV/EBITDA (54).

Key figures & financial health

Revenue (TTM) 409M TRY
Revenue growth (YoY) -32.0%
Net margin -16.6%
Return on equity -5.0%
Free cash flow −51.5M TRY FY2025
Operating margin -35.5%
More key figures
EPS (TTM) -0.1400 TRY
EPS growth (YoY) +77.2%
Net debt 378M TRY FY2025

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

Quality Score breakdown

Overall quality 20/100

Of which business quality 29 · Market factors (momentum, volatility) 15

Profitability 4
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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

Ensari Sinai Yatirimlar Anonim Sirketi, together with its subsidiaries, manufactures and sells leather products in Turkey. The company offers merino, merinillo, lacoon, toscana, rassado, tigrado, French, and domestic UK products.

Full company description

Ensari Sinai Yatirimlar Anonim Sirketi, together with its subsidiaries, manufactures and sells leather products in Turkey. The company offers merino, merinillo, lacoon, toscana, rassado, tigrado, French, and domestic UK products. It also produces, sells, imports, and exports raw materials, products, machinery, and facilities related to the flour industry; and provides paper and cardboard, PVC, cellophane, polyethylene, polypropylene, plastic materials, aluminum, metal, and tinplate, etc., as well as offers printing, chiseling, gluing, and laminating services. In addition, the company generates electricity through renewable energy sources such as electricity, rental of electrical energy production and facilities. The company was formerly known as Ensari Deri Gida Sanayi ve Ticaret A.S. and change its name to Ensari Sinai Yatirimlar Anonim Sirketi in June 2025. Ensari Sinai Yatirimlar Anonim Sirketi was incorporated in 1993 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ensari Sinai Yatirimlar Anonim Sirketi, reported revenue of 462M TRY in FY2025 versus 95.8M TRY in FY2021, a compound +48.2%/yr. Reported net income was −75.8M TRY in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
462M TRY
Latest YoY
−34.0%
Avg. growth/yr (3Y)
+34.7%
Avg. growth/yr (5Y)
+54.0%
Avg. growth/yr (6Y)
+33.2%
Revenue +48.2%/yr
FY21 95.8M TRY
FY22 189M TRY
FY23 491M TRY
FY24 701M TRY
FY25 462M TRY
Net income
FY21 27.2M TRY
FY22 57.6M TRY
FY23 206M TRY
FY24 248M TRY
FY25 −75.8M TRY

ENSRI screens 18% overvalued. Compare with Shenzhou International Group →

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Cite: Fair Value Calculator (2026). "Ensari Sinai Yatirimlar Anonim Sirketi, Fair Value". https://www.fairvalue-calculator.com/stock/ENSRI

Peer Group

Textile Manufacturing · 317 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 25 · Bottom 25%
Fair Value upside −18% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) -17% · Bottom 25%
Operating margin (TTM) -35% · Bottom 25%
Revenue growth -32% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/S (TTM) 0.15× · 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 9 · sector 11
FUTURE 0 · sector 0
PAST 0 · sector 15
HEALTH 98 · sector 95
DIVIDEND 0 · sector 33

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 Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$44.40 HK$75.65 +70%
Tongkun Group 601233 ¥23.56 ¥14.53 -38%
Inner Mongolia ERDOS Resources Co 600295 ¥12.04 ¥14.35 +19%
HMT (Xiamen) New Technical Materials Co 603306 ¥91.75 ¥12.85 -86%
Far Eastern New Century Corporation 1402 27.55 TWD 28.72 TWD +4%
K.P.R. Mill Limited KPRMILL ₹1,083 ₹467.49 -57%
Zhejiang Orient Holdings 600120 ¥5.18 ¥2.21 -57%
Vardhman Textiles Limited VTL ₹602.20 ₹437.53 -27%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 323.84 TRY +86%
Shandong Fiberglass Group 605006 ¥16.75 ¥6.42 -62%

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Frequently asked questions

Is Ensari Sinai Yatirimlar Anonim Sirketi, (ENSRI) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 4.29 TRY versus a price of 5.23 TRY, about −18% (overvalued).
What is the fair value of ENSRI?
Our model-based fair value for Ensari Sinai Yatirimlar Anonim Sirketi, is 4.29 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 5.23 TRY.
What is the quality score of ENSRI?
Ensari Sinai Yatirimlar Anonim Sirketi, has a Quality Score of 20/100. 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 Ensari Sinai Yatirimlar Anonim Sirketi, (ENSRI)?
Ensari Sinai Yatirimlar Anonim Sirketi, reported trailing-twelve-month revenue of about 409M TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of ENSRI?
The net profit margin of Ensari Sinai Yatirimlar Anonim Sirketi, is about -16.6%, 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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