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Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. (GOLTS) Fair Value & Analysis

Basic Materials · TR · Market cap 5.2B TRY

GG Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. GOLTS · IS
Price290.75 TRY
Fair Value349.71 TRY
Upside+20.3%
Quality43/100
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Mixed Growth
Thin margins · 5.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/11)
Narrow moat 42/100
Evidence: High Range 262.28 TRY – 449.47 TRY Share as image

Fair value as of: Aug 8, 2026

From 24 valuation models · updated yesterday

Share price −8.0% over the past month.

Below-average quality, screening 20% undervalued on our models.

What matters now

  • Our model range runs from 262.28 TRY (bear) to 449.47 TRY (bull), base 349.71 TRY. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 43/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

569.70 TRY 30.78 TRY Fair Value 349.71 TRY Apr 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 30.78 TRY – 569.70 TRY · fair‑value band 262.28 TRY – 449.47 TRY · the 290.75 TRY price screens below the 349.71 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. (GOLTS) currently trades at 290.75 TRY, while our model-based Fair Value estimate is 349.71 TRY, implying the stock looks roughly 20.3% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. generated revenue of 6.8B TRY at a net margin of 5.6%. Revenue declined 0.1% year over year. It earns a return on equity of 3.6%. Net debt stands at 2.0B TRY. Fundamentals as of Aug 8, 2026

Our scenario range runs from 262.28 TRY (bear case) to 449.47 TRY (bull case); at 290.75 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. The share trades about 27% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at 20%, GOLTS 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
Growth DCF 288.85 TRY 532.10 TRY 1,008 TRY 80
Residual Income 398.20 TRY 389.94 TRY 338.95 TRY 76
Rev-Margin DCF 280.27 TRY 544.13 TRY 1,066 TRY 74
All 24 models by family
DCF Models
FCF DCF 308.62 TRY 483.85 TRY 1,030 TRY 38
Owner Earnings 122.55 TRY 291.17 TRY 632.14 TRY 31
5Y Revenue Exit 264.99 TRY 473.77 TRY 911.02 TRY 39
5Y EBITDA Exit 381.25 TRY 708.79 TRY 1,352 TRY 41
5Y P/E Exit 304.57 TRY 696.00 TRY 1,229 TRY 38
10Y Revenue Exit 272.04 TRY 621.99 TRY 846.51 TRY 36
10Y EBITDA Exit 365.31 TRY 866.60 TRY 1,751 TRY 37
10Y P/E Exit 310.60 TRY 705.26 TRY 1,352 TRY 35
Earnings-Based
Graham-Dodd 139.88 TRY 975.53 TRY 1,369 TRY 54
Lynch FV 423.50 TRY 605.00 TRY 786.49 TRY 50
PEG = 1.0 423.50 TRY 605.00 TRY 786.49 TRY 46
EPV 197.87 TRY 231.65 TRY 260.80 TRY 59
Multiples
P/E Multiple 308.57 TRY 411.42 TRY 514.28 TRY 63
P/S Multiple 262.28 TRY 349.71 TRY 437.14 TRY 58
P/B Multiple 262.28 TRY 349.71 TRY 437.14 TRY 55
EV/EBIT 336.94 TRY 454.62 TRY 572.30 TRY 53
EV/EBITDA 396.33 TRY 533.80 TRY 671.27 TRY 54
EV/Revenue 221.88 TRY 323.87 TRY 425.85 TRY 43
Asset-Based
NCAV (Graham) 273.27 TRY 366.18 TRY 546.54 TRY 50
Growth DCF
Growth DCF 288.85 TRY 532.10 TRY 1,008 TRY 80
Rev-Margin DCF 280.27 TRY 544.13 TRY 1,066 TRY 74
Economic Profit
Residual Income 398.20 TRY 389.94 TRY 338.95 TRY 76
ROIC Compounder 197.87 TRY 231.65 TRY 260.80 TRY 72
Growth Earnings
Growth-Adj P/E 513.29 TRY 733.27 TRY 953.24 TRY 68

Widest divergence: Growth Earnings (733.27 TRY) versus Economic Profit (231.65 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 6.8B TRY
Revenue growth (YoY) -0.1%
Net margin 5.6%
Return on equity 3.6%
Free cash flow 367M TRY FY2025
P/E ratio 440.5
More key figures
Operating margin 22.2%
EPS (TTM) 0.6600 TRY
EPS growth (YoY) +98.1%
Net debt 2.0B TRY FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 47 · Market factors (momentum, volatility) 38

Profitability 28
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 12
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

Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. produces and sells clinker, cement, and ready mixed concrete in Turkey. The company operates through two segments: Construction and Construction Materials, and Energy. It offers masonry, hydraulic, blended hydraulic, and Portland cement, and Portland cement clinkers.

Full company description

Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. produces and sells clinker, cement, and ready mixed concrete in Turkey. The company operates through two segments: Construction and Construction Materials, and Energy. It offers masonry, hydraulic, blended hydraulic, and Portland cement, and Portland cement clinkers. It also provides raw materials and semi-finished products, including gypsum, trass, limestone, marn, iron ore, and bauxite; and Portland cement clinker, as well as SR 5 clinker products. The company also exports its products to various countries. Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. was founded in 1969 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. reported revenue of 6.8B TRY in FY2025 versus 948M TRY in FY2021, a compound +63.6%/yr. Reported net income was 370M TRY in FY2025.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
6.8B TRY
Latest YoY
−9.2%
Avg. growth/yr (3Y)
+33.7%
Avg. growth/yr (5Y)
+59.1%
Avg. growth/yr (20Y)
+20.9%
Revenue +63.6%/yr
FY21 948M TRY
FY22 2.8B TRY
FY23 7.7B TRY
FY24 7.5B TRY
FY25 6.8B TRY
Net income
FY21 −14.6M TRY
FY22 589M TRY
FY23 2.3B TRY
FY24 788M TRY
FY25 370M TRY

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Cite: Fair Value Calculator (2026). "Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/GOLTS

Peer Group

Building Materials · 255 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 43 · Below median
Fair Value upside +20% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 3% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 22% · Top 25%
Revenue growth -0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 440.5× · Pricier than 75% of peers
P/FCF 0.3× · Cheaper than median

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 60 · sector 28
FUTURE 0 · sector 2
PAST 14 · sector 15
HEALTH 98 · sector 92
DIVIDEND 0 · sector 42

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

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. (GOLTS) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 349.71 TRY versus a price of 290.75 TRY, about +20% (undervalued).
What is the fair value of GOLTS?
Our model-based fair value for Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. is 349.71 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 290.75 TRY.
What is the quality score of GOLTS?
Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. has a Quality Score of 43/100. 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 Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. (GOLTS)?
Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 6.8B TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of GOLTS?
The net profit margin of Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. is about 5.6%, meaning it keeps roughly 5.6% of revenue as net income. 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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