Formet Celik Kapi Sanayi ve Ticaret AS (FORMT) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Formet Celik Kapi Sanayi ve Ticaret AS TRY 0.17, price TRY 1.13, upside -85.0%, quality 18 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 0.3359 TRY – 7.39 TRY · fair‑value band 0.1105 TRY – 0.2040 TRY · the 1.13 TRY price screens above the 0.1700 TRY fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Formet Metal ve Cam Sanayi A.S. engages in the manufacture and sale of steel doors primarily in Turkey.
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Formet Metal ve Cam Sanayi A.S. engages in the manufacture and sale of steel doors primarily in Turkey. The company also provides steel, aluminum, wood, PVC, plastic, other materials; metal doors and windows, and their parts made of metal; and alloy and other materials, as well as door, shutters, stairs, verandas, railings, durable consumer goods, cookers, heaters, and electric appliances. It exports its products to Europe, Asia, America, Africa, and the Middle East. Formet Metal ve Cam Sanayi A.S. was formerly known as Formet Celik Kapi Sanayi ve Ticaret A.S. and changed its name to Formet Metal ve Cam Sanayi A.S. in July 2021. The company was founded in 2005 and is based in Kayseri, Turkey.
Stock analysis
Formet Celik Kapi Sanayi ve Ticaret AS (FORMT) currently trades at 1.13 TRY, while our model-based Fair Value estimate is 0.1700 TRY, implying the stock looks roughly 564.9% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: 0.1105 TRY (bear) to 0.2040 TRY (bull), the price of 1.13 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 18/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Formet Celik Kapi Sanayi ve Ticaret AS reported revenue of 923M TRY in FY2025 versus 173M TRY in FY2021, a compound +52.0%/yr. Reported net income was −108M TRY in FY2025.
Key figures
Market cap 2.0B TRY (≈ $40.9M) · P/S ratio 2.27 · EPS (TTM) −0.4300 TRY · Net margin −11.7% · Return on equity −18.6% · Return on assets (EBIT) −1.2% · Operating margin −1.1% · Revenue (TTM) 878M TRY.
What moves the price
The share trades about 75% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at −85%, FORMT screens richer than that median.
Fair Value models
Bear 0.1105 TRYFair Value 0.1700 TRYBull 0.2040 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.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.9%
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.
+46.9%
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.
+48.2%
Start year 2020 (pandemic)
Revenue growth 8 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.
+35.3%
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Profit margin (trend) ⓘ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.
16.2% (2020) → −18.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Formet Celik Kapi Sanayi ve Ticaret AS 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.Building Products & Equipment · 250 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score25 · Bottom 25%
Fair Value upside−85% · Bottom 25%
Profitability
Return on assets−3% · Bottom 25%
Net margin (TTM)−38% · Bottom 25%
Operating margin (TTM)−1% · Bottom 25%
Growth and dividend
Revenue growth−19% · Bottom 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
P/S (TTM)0.05× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)0· sector 11
PAST (return on equity)0· sector 22
HEALTH (low debt)98· sector 95
DIVIDEND (yield)0· sector 41
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). "Formet Celik Kapi Sanayi ve Ticaret AS Fair Value". https://www.fairvalue-calculator.com/stock/FORMT
Frequently asked questions
Is Formet Celik Kapi Sanayi ve Ticaret AS (FORMT) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.1700 TRY versus a price of 1.13 TRY, about −85% upside (overvalued).
What is the fair value of FORMT?
Our model-based fair value for Formet Celik Kapi Sanayi ve Ticaret AS is 0.1700 TRY (as of Sep 24, 2026), built from audited fundamentals. The current price: 1.13 TRY.
What is the quality score of FORMT?
Formet Celik Kapi Sanayi ve Ticaret AS has a Quality Score of 18/100. 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 Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
Our model-based price target is the fair value of 0.1700 TRY (as of Sep 24, 2026) from 1 valuation models. Cautious scenario 0.1105 TRY, optimistic scenario 0.2040 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Formet Celik Kapi Sanayi ve Ticaret AS stock forecast for 2026?
Our models put fair value at 0.1700 TRY, about −85% upside versus a price of 1.13 TRY (overvalued). Cautious scenario 0.1105 TRY, optimistic scenario 0.2040 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
Formet Celik Kapi Sanayi ve Ticaret AS reported trailing-twelve-month revenue of about 878M TRY (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Formet Celik Kapi Sanayi ve Ticaret AS it is 0.1700 TRY per share (as of Sep 24, 2026), against a price of 1.13 TRY. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Formet Celik Kapi Sanayi ve Ticaret AS stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FORMT trades above its calculated fair value: price 1.13 TRY, fair value 0.1700 TRY, a gap of about −85% (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 FORMT?
No. The price is what the market pays today (1.13 TRY); the fair value is what the company's own numbers justify (0.1700 TRY). For Formet Celik Kapi Sanayi ve Ticaret AS the two are 0.9600 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Formet Celik Kapi Sanayi ve Ticaret AS worth?
The market values Formet Celik Kapi Sanayi ve Ticaret AS at about 2.0B TRY (market capitalisation, as of Sep 24, 2026). Per share that is 1.13 TRY; our models calculate a fair value of 0.1700 TRY per share.
What do the bullish and bearish scenarios say about FORMT?
Our models span a range for Formet Celik Kapi Sanayi ve Ticaret AS: cautious scenario 0.1105 TRY, base 0.1700 TRY, optimistic 0.2040 TRY per share (as of Sep 24, 2026, price 1.13 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
Balance-sheet figures for Formet Celik Kapi Sanayi ve Ticaret AS (as of Sep 24, 2026): return on equity −18.6%, debt of 0.03 per unit of equity. They feed the Quality Score of 18/100, which measures business quality independently of the share price.
How far is FORMT from its 52-week high?
Formet Celik Kapi Sanayi ve Ticaret AS trades at 1.13 TRY, about 75% below its 52-week high of 4.61 TRY (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1700 TRY is for.
Which stocks are comparable to Formet Celik Kapi Sanayi ve Ticaret AS?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 Formet Celik Kapi Sanayi ve Ticaret AS stock attractive at the current price?
The data as of Sep 24, 2026: price 1.13 TRY, calculated fair value 0.1700 TRY (−85%), Quality Score 18/100, from 1 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 FORMT calculated?
We run Formet Celik Kapi Sanayi ve Ticaret AS through 1 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 0.1700 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 14.1 % above its aggregate fair value. Formet Celik Kapi Sanayi ve Ticaret AS 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 Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
The closing price on Sep 22, 2026 was 1.13 TRY. Our model-based fair value is 0.1700 TRY, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Formet Celik Kapi Sanayi ve Ticaret AS right now?
The price sits above even our optimistic bull case (0.2040 TRY). The favourable scenario is already priced in. Weak quality (18/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.1105 TRY to 0.2040 TRY) leaves room in how you read the outcome.
Key figures of Formet Celik Kapi Sanayi ve Ticaret AS
How large is the market capitalisation of Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
The market capitalisation of Formet Celik Kapi Sanayi ve Ticaret AS is 2.0B TRY (≈ $40.9M). 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 Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
The price-to-sales ratio of Formet Celik Kapi Sanayi ve Ticaret AS is 2.27 (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 Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
Earnings per share at Formet Celik Kapi Sanayi ve Ticaret AS are −0.4300 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
The net margin of Formet Celik Kapi Sanayi ve Ticaret AS is −11.7% (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 Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
The return on equity (ROE) of Formet Celik Kapi Sanayi ve Ticaret AS is −18.6% (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 Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
On an EBIT basis the return on assets of Formet Celik Kapi Sanayi ve Ticaret AS is −1.2% (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 Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
The operating margin of Formet Celik Kapi Sanayi ve Ticaret AS is −1.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
Revenue at Formet Celik Kapi Sanayi ve Ticaret AS is growing −18.5% versus a year earlier (3y avg +46.9%). 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 Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
Earnings per share at Formet Celik Kapi Sanayi ve Ticaret AS are growing −57.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Formet Celik Kapi Sanayi ve Ticaret AS (FORMT) generate?
The free cash flow of Formet Celik Kapi Sanayi ve Ticaret AS is −260M 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 Formet Celik Kapi Sanayi ve Ticaret AS (FORMT) carry?
The net debt of Formet Celik Kapi Sanayi ve Ticaret AS is 92.7M 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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