Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. TRY 1.24, price TRY 1.57, upside -21.0%, quality 34 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 0.7190 TRY – 3.94 TRY · fair‑value band 1.05 TRY – 1.56 TRY · the 1.57 TRY price screens above the 1.24 TRY fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. manufactures and sells various vehicles in Turkey.
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Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. manufactures and sells various vehicles in Turkey. The company offers hydraulic ladder fire trucks, aerial ladder platforms, fire fighting with portable ladder fire trucks, narrow field fire trucks, forestry fire trucks, remote controlled foam tower, and rapid intervention vehicles; and garbage trucks and semi-trailers, skip loaders, mini tipper garbage vehicles, refuse container washing and disinfecting vehicles, waste compactor, combined canal suction and jetting vehicles, septic tank trucks and septic tank truck trailers, road sweepers, and hook, hydro lifts. It also provides water tankers and water tanker trailers, bulk trailers, fuel tankers and trailers, tippers and tipper trailers, and low bed and cargo trailers; recovery trucks; articulated, telescopic, and sliding platforms; ambulances; mobile medical clinic trucks; chlorination vehicle; mobile workshops; cargo body with cranes; snow ploughs and salt spreader; and aircraft refuellers and fuel hydrant dispensers. In addition, the company offers mine resistant ambush protected, armoured border security vehicles, personnel carriers, ambulances, armored command and patrol vehicles, backhoe loaders, ADR fuel tankers, water tankers, tippers, and telescopic forklifts, as well as tactical urban warfare vehicle, criminal investigation vehicles, riot control vehicles, remote controlled armoured tracked excavator, remote controlled weapon platform with tracking system, remote controlled armoured articulated wheel loaders, remote controlled armoured bulldozers, tank and troop carrier and rescuer lowbed tailer, and cargo body. Further, it provides cranes, silo trailers, and truck mixers; and after sale services. The company also exports its products. Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. was incorporated in 1985 and is based in Izmir, Turkey.
Stock analysis
Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR) currently trades at 1.57 TRY, while our model-based Fair Value estimate is 1.24 TRY, implying the stock looks roughly 26.5% overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 9.82 TRY per share, and 15 of the 15 models we run sit above the 1.57 TRY price.
Bear case: the Economic Profit group reads lowest at 1.68 TRY, and 0 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.05 TRY (bear) to 1.56 TRY (bull), the price of 1.57 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 34/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. reported revenue of 2.2B TRY in FY2025 versus 401M TRY in FY2021, a compound +53.9%/yr. Reported net income was 662M TRY in FY2025.
Key figures
Market cap 4.7B TRY (≈ $96.8M) · P/E ratio 9.8 · P/S ratio 2.89 · EPS (TTM) 0.1600 TRY · Net margin 29.4% · Return on equity 8.4% · Return on assets (EBIT) 4.7% · Operating margin 37.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −21%, KATMR screens richer than that median.
Fair Value models
Bear 1.05 TRYFair Value 1.24 TRYBull 1.56 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1184 TRY per share) are deliberately not added.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.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+28.2%
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.
+38.9%
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.
+44.8%
Start year 2020 (pandemic). Over 10 years: +21.9% a year
Revenue growth 16 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.
+24.6%
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What shareholders gained per year (last 3 years), in TRY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+42.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+42.2%
Dividend (yield on the price)0.0%
Profit margin 2009 to 2025 ⓘ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.11% → 22%
⚠ Revenue per share shrinking 3.5%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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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.Farm & Heavy Construction Machinery · 148 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−21.0% · Below median
Profitability
Return on equity (TTM)8.4% · Above median
Return on assets2.7% · Below median
Net margin (TTM)31.2% · Top 25%
Operating margin (TTM)37.8% · Top 25%
Growth and dividend
Revenue growth−8.1% · Bottom 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/KATMR
Frequently asked questions
Is Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1.24 TRY versus a price of 1.57 TRY, about −21% upside (overvalued).
What is the fair value of KATMR?
Our model-based fair value for Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. is 1.24 TRY (as of Sep 24, 2026), built from audited fundamentals. The current price: 1.57 TRY.
What is the quality score of KATMR?
Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. has a Quality Score of 34/100. 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 Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
Our model-based price target is the fair value of 1.24 TRY (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 1.05 TRY, optimistic scenario 1.56 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. stock forecast for 2026?
Our models put fair value at 1.24 TRY, about −21% upside versus a price of 1.57 TRY (overvalued). Cautious scenario 1.05 TRY, optimistic scenario 1.56 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 2.2B TRY (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. it is 1.24 TRY per share (as of Sep 24, 2026), against a price of 1.57 TRY. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KATMR trades above its calculated fair value: price 1.57 TRY, fair value 1.24 TRY, a gap of about −21% (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 KATMR?
No. The price is what the market pays today (1.57 TRY); the fair value is what the company's own numbers justify (1.24 TRY). For Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. the two are 0.3290 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. worth?
The market values Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. at about 4.7B TRY (market capitalisation, as of Sep 24, 2026). Per share that is 1.57 TRY; our models calculate a fair value of 1.24 TRY per share.
What do the bullish and bearish scenarios say about KATMR?
Our models span a range for Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S.: cautious scenario 1.05 TRY, base 1.24 TRY, optimistic 1.56 TRY per share (as of Sep 24, 2026, price 1.57 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KATMR?
Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. trades at a price-to-earnings ratio of 9.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.24 TRY is built from several models across several years. Other multiples: P/B 0.6, P/S 2.2, EV/EBITDA 8.1.
How solid is the balance sheet of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
Balance-sheet figures for Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (as of Sep 24, 2026): return on equity 8.4%, debt of 0.04 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is KATMR from its 52-week high?
Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. trades at 1.57 TRY, about 60% below its 52-week high of 3.94 TRY and 1% above the low of 1.56 TRY (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of 1.24 TRY is for.
Which stocks are comparable to Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S.?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, 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 Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. stock attractive at the current price?
The data as of Sep 24, 2026: price 1.57 TRY, calculated fair value 1.24 TRY (−21%), Quality Score 34/100, from 15 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 KATMR calculated?
We run Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. through 15 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 1.24 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 13.9 % above its aggregate fair value. Katmerciler Arac Üstü Ekipman 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 Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
The closing price on Sep 25, 2026 was 1.57 TRY. Our model-based fair value is 1.24 TRY, about −21% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. right now?
Weak quality (34/100) 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 Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S.
How large is the market capitalisation of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
The market capitalisation of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. is 4.7B TRY (≈ $96.8M). 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 Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
The price-to-sales ratio of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. is 2.89 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
Earnings per share at Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. are 0.1600 TRY (price ÷ EPS = P/E 9.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
The net margin of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. is 29.4% (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 Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
The return on equity (ROE) of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. is 8.4% (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 Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
On an EBIT basis the return on assets of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. is 4.7% (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 Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
The operating margin of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. is 37.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
Revenue at Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. is growing −8.1% versus a year earlier (3y avg +38.9%). 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 Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR)?
Earnings per share at Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. are growing −48.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR) generate?
The free cash flow of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. is −1.4B 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 Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. (KATMR) carry?
The net debt of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. is 1.7B 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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