EN DE
Watch Kartonsan Karton Sanayi ve Ticaret A.S. for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Kartonsan Karton Sanayi ve Ticaret A.S. stock TRY 83.70, price TRY 105, that is 20.3% below the price, quality 32 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Consumer Cyclical TR · ISIN TRAKARTN91D4

KK Kartonsan Karton Sanayi ve Ticaret A.S. logo Thin data Nov 10, 2026

Kartonsan Karton Sanayi ve Ticaret A.S.

KARTN · IS
Expensive, weak quality

Our calculation puts a fair price 20% below what the stock costs today.

Low debt
Expensive Growth (revenue 5y +35.1 %/yr in TRY)
Revenue last quarter 19% below a year ago.
Fair value 83.70 TRY · Overvalued
Quality 32/100
Loss-making · -10.8% net margin (TTM)
Negative free cash flow
Trails peers (0/11)
Narrow moat 12/100
Thin data
Estimate⚠ Small free float
Watch Kartonsan Karton Sanayi ve Ticaret A.S. for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

233.80 TRY 39.69 TRY Fair Value 83.70 TRY Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range 39.69 TRY – 233.80 TRY · fair‑value band 62.77 TRY – 104.62 TRY · the 105.00 TRY price screens above the 83.70 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

Follow Kartonsan Karton Sanayi ve Ticaret A.S. in your weekly email

Every Wednesday you see whether Kartonsan Karton Sanayi ve Ticaret A.S. is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Kartonsan Karton Sanayi ve Ticaret A.S. produces and trades in coated cardboards in Turkey and internationally. It provides normprint, exprint, and luxtriplex multi-coated cardboards from recycled paper.

Show moreShow less

The company's products are used in the food, pharmaceuticals, cosmetics, advertising and promotion sectors. Kartonsan Karton Sanayi ve Ticaret A.S. was incorporated in 1967 and is headquartered in Istanbul, Turkey.

Stock analysis

Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN) currently trades at 105.00 TRY, while our estimate is 83.70 TRY, 20% below the price, so the stock looks overvalued today.

Show more

Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: 62.77 TRY (bear) to 104.62 TRY (bull), the price of 105.00 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 32/100 (below-average quality), in the Consumer Cyclical sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Kartonsan Karton Sanayi ve Ticaret A.S. reported revenue of 4.0B TRL in FY2025 versus 1.6B TRL in FY2021, a compound +26.1%/yr. Reported net income was −1.2B TRL in FY2025.

Key figures

Market cap 7.8B TRY (≈ $155M) Micro · P/S ratio 2.68 · EPS (TTM) −7.03 TRY · Dividend yield 0.0% · Net margin −28.9% · Return on equity −13.7% · Return on assets (EBIT) −2.4% (5-year average) · Operating margin −30.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).

What moves the price

The share trades about 55% below its 52-week high and 70% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −21% fair-value upside, at −20%, KARTN screens cheaper than that median.

Fair Value

Bear 62.77 TRY Fair Value 83.70 TRY Bull 104.62 TRY
Price 105.00 TRY · Downside -20.3%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 32/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 14
How much profit the company makes from its sales and capital
Quality Growth 5
Are margins and returns getting better?
Cashflow 2
Do the profits arrive as real cash?
Financial strength 66
Debt, balance sheet and risk of trouble
Investment 31
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 31
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 46
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−20.7%
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.
+6.1%
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.
+35.1%
Start year 2020 (pandemic). Over 10 years: +31.0% a year
Revenue growth 23 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.
−35.9%
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.
17.2% (2020) → −39.1% (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
not computed

KARTN screens overvalued: fair value 20% below the price. Compare with Smurfit Westrock Plc, →

Compare Kartonsan Karton Sanayi ve Ticaret A.S. with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Packaging & Containers · 271 stocks

Beats the industry median on 0/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 32 · Bottom 25%
Fair Value upside −20.3% · Below median
Profitability
Return on assets −27.0% · Bottom 25%
Net margin (12 months) −10.8% · Bottom 25%
Operating margin (12 months) −30.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −18.8% · Bottom 25%
Dividend yield (12 months) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.21× · Above median

Valuation Multiplesvs Packaging & Containers median · lower = cheaper

P/B 3.14× · Priciest 25%
P/S (12 months) 2.20× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)6 · sector 23
FUTURE (revenue growth)0 · sector 43
PAST (return on equity)0 · sector 27
HEALTH (low debt)89 · sector 92
DIVIDEND (yield)0 · sector 45

Context: sector, industry, market

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

Similar stocks

10 more Packaging & Containers stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Sonoco Products Company SON $49.79 $56.94 +14% vs KARTN
Smurfit Westrock Plc, SW $44.36 $44.16 +0% vs KARTN
Crown Holdings CCK $123.23 $121.85 −1% vs KARTN
International Paper Company IP $35.13 $33.06 −6% vs KARTN
Reynolds Consumer Products Inc REYN $24.99 $19.83 −21% vs KARTN
Ball Corporation BALL $66.79 $48.92 −27% vs KARTN
Amcor plc AMCR $45.19 $31.20 −31% vs KARTN
Avery Dennison Corporation AVY $189.04 $125.58 −34% vs KARTN
SIG Group SIGN CHF 15.27 CHF 9.03 −41% vs KARTN
Packaging Corporation PKG $254.23 $130.52 −49% vs KARTN

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low StocksStocks for 2027: Large Companies Below Fair Value

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

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.

Kartonsan Karton Sanayi ve Ticaret A.S.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Kartonsan Karton Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/KARTN

Frequently asked questions

Is Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is 83.70 TRY versus a price of 105.00 TRY, about 20% lower (overvalued).
What is the fair value of KARTN?
Our estimate for Kartonsan Karton Sanayi ve Ticaret A.S. is 83.70 TRY (as of Nov 10, 2026), built from audited fundamentals. The current price: 105.00 TRY.
What is the quality score of KARTN?
Kartonsan Karton Sanayi ve Ticaret A.S. has a Quality Score of 32/100. 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 Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
Our calculated price target is the estimate of 83.70 TRY (as of Nov 10, 2026). Cautious scenario 62.77 TRY, optimistic scenario 104.62 TRY. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Kartonsan Karton Sanayi ve Ticaret A.S. stock forecast for 2026?
Our estimate puts fair value at 83.70 TRY, about 20% lower versus a price of 105.00 TRY (overvalued). Cautious scenario 62.77 TRY, optimistic scenario 104.62 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
Kartonsan Karton Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 3.5B TRY (latest available figure, as of Nov 10, 2026).
Does Kartonsan Karton Sanayi ve Ticaret A.S. pay a dividend?
Kartonsan Karton Sanayi ve Ticaret A.S. currently shows a dividend yield of 0.01% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
Kartonsan Karton Sanayi ve Ticaret A.S. has a dividend yield of 0.0%.
What is the intrinsic value of Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kartonsan Karton Sanayi ve Ticaret A.S. it is 83.70 TRY per share (as of Nov 10, 2026), against a price of 105.00 TRY.
Is Kartonsan Karton Sanayi ve Ticaret A.S. stock overvalued or undervalued in 2026?
As of Nov 10, 2026, KARTN trades above its calculated fair value: price 105.00 TRY, fair value 83.70 TRY, a gap of about −20% (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 KARTN?
No. The price is what the market pays today (105.00 TRY); the fair value is what the company's own numbers justify (83.70 TRY). For Kartonsan Karton Sanayi ve Ticaret A.S. the two are 21.30 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Kartonsan Karton Sanayi ve Ticaret A.S. worth?
The market values Kartonsan Karton Sanayi ve Ticaret A.S. at about 7.8B TRY (market capitalisation, as of Nov 10, 2026). Per share that is 105.00 TRY; our models calculate a fair value of 83.70 TRY per share.
What do the bullish and bearish scenarios say about KARTN?
Our models span a range for Kartonsan Karton Sanayi ve Ticaret A.S.: cautious scenario 62.77 TRY, base 83.70 TRY, optimistic 104.62 TRY per share (as of Nov 10, 2026, price 105.00 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
Balance-sheet figures for Kartonsan Karton Sanayi ve Ticaret A.S. (as of Nov 10, 2026): return on equity −13.7%, debt of 0.21 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is KARTN from its 52-week high?
Kartonsan Karton Sanayi ve Ticaret A.S. trades at 105.00 TRY, about 55% below its 52-week high of 233.80 TRY and 70% above the low of 61.85 TRY (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 83.70 TRY is for.
Which stocks are comparable to Kartonsan Karton Sanayi ve Ticaret A.S.?
From the same area (Consumer Cyclical) we also value Smurfit Westrock Plc,, Packaging Corporation, Amcor plc, International Paper Company, 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 Kartonsan Karton Sanayi ve Ticaret A.S. stock attractive at the current price?
The data as of Nov 10, 2026: price 105.00 TRY, calculated fair value 83.70 TRY (−20%), Quality Score 32/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Kartonsan Karton Sanayi ve Ticaret A.S. 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 Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
The closing price on Nov 10, 2026 was 105.00 TRY. Our estimate is 83.70 TRY, about 20% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kartonsan Karton Sanayi ve Ticaret A.S. right now?
Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Kartonsan Karton Sanayi ve Ticaret A.S.

How large is the market capitalisation of Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
The market capitalisation of Kartonsan Karton Sanayi ve Ticaret A.S. is 7.8B TRY (≈ $155M). 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 Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
The price-to-sales ratio of Kartonsan Karton Sanayi ve Ticaret A.S. is 2.68 (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 Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
Earnings per share at Kartonsan Karton Sanayi ve Ticaret A.S. are −7.03 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
The dividend yield of Kartonsan Karton Sanayi ve Ticaret A.S. is 0.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
The net margin of Kartonsan Karton Sanayi ve Ticaret A.S. is −28.9% (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 Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
The return on equity (ROE) of Kartonsan Karton Sanayi ve Ticaret A.S. is −13.7% (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 Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
On an EBIT basis the return on assets of Kartonsan Karton Sanayi ve Ticaret A.S. is −2.4% (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 Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
The operating margin of Kartonsan Karton Sanayi ve Ticaret A.S. is −30.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
Revenue at Kartonsan Karton Sanayi ve Ticaret A.S. is growing −18.8% versus a year earlier (3y avg +6.1%). 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 Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN)?
Earnings per share at Kartonsan Karton Sanayi ve Ticaret A.S. are growing −80.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN) generate?
The free cash flow of Kartonsan Karton Sanayi ve Ticaret A.S. is −824M 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 Kartonsan Karton Sanayi ve Ticaret A.S. (KARTN) carry?
The net debt of Kartonsan Karton Sanayi ve Ticaret A.S. is 938M 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.
Free · no account needed

Watch Kartonsan Karton Sanayi ve Ticaret A.S. in the live analysis

One click puts Kartonsan Karton Sanayi ve Ticaret A.S. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.