Formet Celik Kapi Sanayi ve Ticaret AS (FORMT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Formet Celik Kapi Sanayi ve Ticaret AS stock TRY 0.17, price TRY 0.91, that is 81.3% below the price, quality 24 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 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 0.9100 TRY price screens above the 0.1700 TRY fair value. As of Nov 3, 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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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 0.9100 TRY, while our model-based Fair Value estimate is 0.1700 TRY, 81% below the price, so the stock looks 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 data coverage at low.
Scenario range: 0.1105 TRY (bear) to 0.2040 TRY (bull), the price of 0.9100 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 24/100 (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 979M TRY (≈ $19.5M) Micro · P/S ratio 1.12 · EPS (TTM) −0.1100 TRY · Net margin −12.7% · Return on equity −4.7% · Return on assets (EBIT) −1.2% (5-year average) · Operating margin −2.3% · Revenue (TTM) 857M TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (medium confidence).
What moves the price
The share trades about 78% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −81%, FORMT screens richer than that median.
Fair Value models
Bear0.1105 TRYFair Value 0.1700 TRYBull0.2040 TRY
Price 0.9100 TRY · Downside -81.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham)0.1300 TRY0.2000 TRY0.2400 TRY55
All 1 models by family
Asset-Based
NCAV (Graham)0.1300 TRY0.2000 TRY0.2400 TRY55
The fair value above starts from this blend and is adjusted for dilution from new shares.
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
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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 · 255 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score24 · Bottom 25%
Fair Value upside−81.3% · Bottom 25%
Profitability
Return on assets−3.9% · Bottom 25%
Net margin (12 months)−12.7% · Bottom 25%
Operating margin (12 months)−2.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−5.7% · Bottom 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
P/B0.46× · Cheapest 25%
P/S (12 months)1.14× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)0· sector 24
PAST (return on equity)0· sector 24
HEALTH (low debt)98· sector 95
DIVIDEND (yield)0· sector 44
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 Nov 3, 2026, our model estimates a fair value of 0.1700 TRY versus a price of 0.9100 TRY, about 81% lower (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 Nov 3, 2026), built from audited fundamentals. The current price: 0.9100 TRY.
What is the quality score of FORMT?
Formet Celik Kapi Sanayi ve Ticaret AS has a Quality Score of 24/100. 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 Nov 3, 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 81% lower versus a price of 0.9100 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 857M TRY (latest available figure, as of Nov 3, 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 Nov 3, 2026), against a price of 0.9100 TRY. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Formet Celik Kapi Sanayi ve Ticaret AS stock overvalued or undervalued in 2026?
As of Nov 3, 2026, FORMT trades above its calculated fair value: price 0.9100 TRY, fair value 0.1700 TRY, a gap of about −81% (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 (0.9100 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 0.7400 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 979M TRY (market capitalisation, as of Nov 3, 2026). Per share that is 0.9100 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 Nov 3, 2026, price 0.9100 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 Nov 3, 2026): return on equity −4.7%, debt of 0.03 per unit of equity. They feed the Quality Score of 24/100, 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 0.9100 TRY, about 78% below its 52-week high of 4.21 TRY and 14% above the low of 0.8000 TRY (as of Nov 6, 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 Johnson Controls International plc, Trane Technologies 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 Nov 3, 2026: price 0.9100 TRY, calculated fair value 0.1700 TRY (−81%), Quality Score 24/100, 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 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 0.1700 TRY builds on their evidence-weighted average, 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 13.0% 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 Nov 6, 2026 was 0.9100 TRY. Our model-based fair value is 0.1700 TRY, about 81% lower (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 (24/100) 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 979M TRY (≈ $19.5M). 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 Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)?
The price-to-sales ratio of Formet Celik Kapi Sanayi ve Ticaret AS is 1.12 (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 −0.1100 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 −12.7% (last twelve months). 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 −4.7% (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 −2.3% (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 −5.7% 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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Nov 3, 2026