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Kiler Holding (KLRHO) Fair Value & Analysis

Industrials · TR · Market cap 120B TRY

KH Kiler Holding KLRHO · IS
Price73.85 TRY
Fair Value15.93 TRY
Upside-78.4%
Quality28/100
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Expensive Growth
Solidly profitable · 12.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/12)
Moderate moat 57/100
Evidence: Medium Range 15.35 TRY – 16.27 TRY Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated today

Share price −15.8% over the past month.

Below-average quality, and screening another 78% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (16.27 TRY). The favourable scenario is already priced in.
  • Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The models converge in a tight band (15.35 TRY to 16.27 TRY), unusually little disagreement for a valuation.
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Price vs Fair Value (4 years)

658.50 TRY 3.12 TRY Fair Value 15.93 TRY Jul 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

49‑month range 3.12 TRY – 658.50 TRY · fair‑value band 15.35 TRY – 16.27 TRY · the 73.85 TRY price screens above the 15.93 TRY fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Kiler Holding (KLRHO) currently trades at 73.85 TRY, while our model-based Fair Value estimate is 15.93 TRY, implying the stock looks roughly 78.4% overvalued today. The Quality Score stands at 28/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Kiler Holding generated revenue of 11.1B TRY at a net margin of 12.3%. Revenue grew 57.6% year over year. It earns a return on equity of 3.8%. Net debt stands at 308M TRY. Fundamentals as of Aug 13, 2026

Our scenario range runs from 15.35 TRY (bear case) to 16.27 TRY (bull case); at 73.85 TRY, the current price sits above 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. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at -78%, KLRHO screens richer 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 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
Highest evidence
P/E Multiple 26.32 TRY 35.10 TRY 43.87 TRY 63
Residual Income 16.92 TRY 18.24 TRY 22.22 TRY 61
P/B Multiple 21.31 TRY 28.41 TRY 35.51 TRY 55
All 7 models by family
DCF Models
Owner Earnings 17.07 TRY 38.60 TRY 83.79 TRY 31
Earnings-Based
Graham-Dodd 11.36 TRY 79.25 TRY 111.22 TRY 54
Lynch FV 40.95 TRY 58.49 TRY 76.04 TRY 50
Multiples
P/E Multiple 26.32 TRY 35.10 TRY 43.87 TRY 63
P/B Multiple 21.31 TRY 28.41 TRY 35.51 TRY 55
Asset-Based
NCAV (Graham) 10.07 TRY 13.50 TRY 20.15 TRY 50
Economic Profit
Residual Income 16.92 TRY 18.24 TRY 22.22 TRY 61

Widest divergence: Earnings-Based (58.49 TRY) versus Asset-Based (13.50 TRY). Highest evidence: P/E Multiple (63).

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Key figures & financial health

Revenue (TTM) 11.1B TRY
Revenue growth (YoY) +57.6%
Net margin 12.3%
Return on equity 3.8%
Free cash flow −2.4B TRY FY2025
P/E ratio 87.9
More key figures
Operating margin 63.1%
EPS (TTM) 0.8400 TRY
EPS growth (YoY) +77.4%
Net debt 308M TRY FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 29 · Market factors (momentum, volatility) 35

Profitability 37
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 10
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 40
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

Kiler Holding Anonim Sirketi engages in the construction, energy, transportation, industry, and textile businesses in Turkey. The company plans, develops, and realizes the projects; and carries out infrastructure and superstructure contracting projects.

Full company description

Kiler Holding Anonim Sirketi engages in the construction, energy, transportation, industry, and textile businesses in Turkey. The company plans, develops, and realizes the projects; and carries out infrastructure and superstructure contracting projects. It is also involved in the retail sale and wholesale of electrical energy directly to the consumers; provision of personnel transportation services to corporate customers; and open-end and ring-yarn production. In addition, the company packs and distributes sugar products, such as crystal granulated sugar, cube sugar, pulps, and molasses. Kiler Holding Anonim Sirketi was founded in 1983 and is based in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kiler Holding reported revenue of 9.8B TRY in FY2025 versus 994M TRY in FY2021, a compound +77.2%/yr. Reported net income was 2.7B TRY in FY2025, compounding +22.3%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
9.8B TRY
Latest YoY
−45.0%
Avg. growth/yr (3Y) 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.
+30.0%
Avg. growth/yr (5Y) 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.
+89.0%
Revenue +77.2%/yr
FY21 994M TRY
FY22 4.5B TRY
FY23 4.5B TRY
FY24 17.8B TRY
FY25 9.8B TRY
Net income +22.3%/yr
FY21 1.2B TRY
FY22 2.4B TRY
FY23 6.1B TRY
FY24 1.8B TRY
FY25 2.7B TRY

KLRHO screens 78% overvalued. Compare with CITIC Limited →

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Cite: Fair Value Calculator (2026). "Kiler Holding Fair Value". https://www.fairvalue-calculator.com/stock/KLRHO

Peer Group

Conglomerates · 375 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 28 · Bottom 25%
Fair Value upside −78% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets 5% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 63% · Top 25%
Revenue growth 58% · Top 25%
Debt / equity 0.10× · Lower than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 87.9× · Pricier than 75% of peers
P/B 3.67× · Pricier than 75% of peers
P/S (TTM) 10.80× · Pricier than 75% of peers
EV/EBITDA 23.1× · Pricier than 75% of peers

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 0 · sector 23
FUTURE 100 · sector 17
PAST 15 · sector 20
HEALTH 95 · sector 89
DIVIDEND 0 · sector 39

VALUE 0: the price sits above our fair-value range.

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 Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
CITIC Limited 0267 HK$11.28 HK$22.56 +100%
SK Inc 034730 580,000 KRW 497,919 KRW -14%
PT Astra International Tbk, ASII 4,810 IDR 9,620 IDR +100%
Koç Holding KCHOL 205.80 TRY 182.26 TRY -11%
The Siam Cement Public Company SCC 254.00 THB 199.40 THB -21%
SRF Limited SRF ₹2,875 ₹1,053 -63%
Empresas Copec S.A COPEC 6,330 CLP 10,879 CLP +72%
Posco International Corporation 047050 50,900 KRW 61,248 KRW +20%
Tube Investments of India Limited TIINDIA ₹2,940 ₹559.30 -81%
Doosan Corporation 000155 464,000 KRW 75,620 KRW -84%

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Frequently asked questions

Is Kiler Holding (KLRHO) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 15.93 TRY versus a price of 73.85 TRY, about −78% (overvalued).
What is the fair value of KLRHO?
Our model-based fair value for Kiler Holding is 15.93 TRY (as of Aug 13, 2026), built from audited fundamentals. The current price is 73.85 TRY.
What is the quality score of KLRHO?
Kiler Holding has a Quality Score of 28/100. 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 revenue of Kiler Holding (KLRHO)?
Kiler Holding reported trailing-twelve-month revenue of about 11.1B TRY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KLRHO?
The net profit margin of Kiler Holding is about 12.3%, meaning it keeps roughly 12.3% 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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