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Kimteks Poliüretan Sanayi ve Ticaret A.S. (KMPUR) Fair Value & Analysis

Basic Materials · TR · Market cap 11.2B TRY

KP Kimteks Poliüretan Sanayi ve Ticaret A.S. KMPUR · IS
Price23.00 TRY
Fair Value33.34 TRY
Upside+45.0%
Quality34/100
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Mixed Growth
Thin margins · 0.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/13)
Narrow moat 29/100
Evidence: High Range 20.95 TRY – 45.73 TRY Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated today

Share price +28.2% over the past month.

Below-average quality, screening 45% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range (20.95 TRY to 45.73 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

45.62 TRY 6.50 TRY Fair Value 33.34 TRY Apr 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

51‑month range 6.50 TRY – 45.62 TRY · fair‑value band 20.95 TRY – 45.73 TRY · the 23.00 TRY price screens below the 33.34 TRY fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Kimteks Poliüretan Sanayi ve Ticaret A.S. (KMPUR) currently trades at 23.00 TRY, while our model-based Fair Value estimate is 33.34 TRY, implying the stock looks roughly 45.0% undervalued today. The Quality Score stands at 34/100 (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, Kimteks Poliüretan Sanayi ve Ticaret A.S. generated revenue of 13.2B TRY at a net margin of 0.6%. Revenue declined 7.3% year over year. It earns a return on equity of 1.9%. Net debt stands at 3.9B TRY. Fundamentals as of Aug 13, 2026

Our scenario range runs from 20.95 TRY (bear case) to 45.73 TRY (bull case); at 23.00 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 7% below its 52-week high and 80% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 45%, KMPUR 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 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
Growth DCF 12.12 TRY 23.16 TRY 41.25 TRY 80
Rev-Margin DCF 30.64 TRY 59.33 TRY 118.95 TRY 74
ROIC Compounder 35.47 TRY 52.55 TRY 74.91 TRY 72
All 15 models by family
DCF Models
FCF DCF 12.82 TRY 19.66 TRY 41.43 TRY 38
5Y Revenue Exit 27.56 TRY 52.06 TRY 103.74 TRY 39
5Y EBITDA Exit 25.06 TRY 46.99 TRY 90.14 TRY 41
10Y Revenue Exit 22.49 TRY 59.89 TRY 87.31 TRY 36
10Y EBITDA Exit 21.98 TRY 54.50 TRY 113.36 TRY 37
Earnings-Based
EPV 28.14 TRY 32.67 TRY 36.65 TRY 59
Dividend Discount
Gordon GGM 3.02 TRY 6.29 TRY 9.97 TRY 70
DDM Multi-Stage 3.02 TRY 5.30 TRY 6.60 TRY 61
Multiples
EV/EBIT 34.26 TRY 45.38 TRY 56.50 TRY 53
EV/EBITDA 28.57 TRY 37.79 TRY 47.01 TRY 54
EV/Revenue 29.82 TRY 42.21 TRY 54.60 TRY 43
Asset-Based
NCAV (Graham) 3.53 TRY 4.74 TRY 7.07 TRY 50
Growth DCF
Growth DCF 12.12 TRY 23.16 TRY 41.25 TRY 80
Rev-Margin DCF 30.64 TRY 59.33 TRY 118.95 TRY 74
Economic Profit
ROIC Compounder 35.47 TRY 52.55 TRY 74.91 TRY 72

Widest divergence: Economic Profit (52.55 TRY) versus Asset-Based (4.74 TRY). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 13.2B TRY
Revenue growth (YoY) -7.3%
Net margin 0.6%
Return on equity 1.9%
Free cash flow 344M TRY FY2025
P/E ratio 135.5
More key figures
Operating margin 8.0%
EPS (TTM) 0.1700 TRY
EPS growth (YoY) +78.5%
Net debt 3.9B TRY FY2025

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

Quality Score breakdown

Overall quality 34/100

Of which business quality 35 · Market factors (momentum, volatility) 68

Profitability 27
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 80
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

Kimteks Poliüretan Sanayi ve Ticaret A.S. engages in the production and sale of polyurethane system in Turkey. It offers polyurethane raw material for unit sole, slipper system, safety shoe sole, polyurethane boot, insole, polyester polyol, and polymeric polyester polyol systems, as well as release agents, and liquid color master batch systems.

Full company description

Kimteks Poliüretan Sanayi ve Ticaret A.S. engages in the production and sale of polyurethane system in Turkey. It offers polyurethane raw material for unit sole, slipper system, safety shoe sole, polyurethane boot, insole, polyester polyol, and polymeric polyester polyol systems, as well as release agents, and liquid color master batch systems. The company also provides polyurethane raw material for sandwich, pipe insulation, spray foam, polyurea systems, polyurethane rubber binder system, and shutter and sectional doors polyurethane systems; elastomers; release agents; polyester polyols; integral foam, filter, foam, and sound insulation systems; and office furniture foam, wood imitation, viscoelastic, integral foam, polyester polyol systems for flame laminations. In addition, it offers commercial and domestic refrigerator systems, cold storage room refrigerator container systems, and boiler and solar panel systems; EVA compounds, thermoplastic polyurethane, polyurethane gels, and stress ball systems; and polyols for rigid polyurethane, and foam and CASE Applications. Kimteks Poliüretan Sanayi ve Ticaret A.S. was founded in 1983 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kimteks Poliüretan Sanayi ve Ticaret A.S. reported revenue of 13.4B TRY in FY2025 versus 2.2B TRY in FY2021, a compound +57.7%/yr. Reported net income was −354M TRY in FY2025.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
13.4B TRY
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.
+99.8%
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.
+89.2%
Revenue +57.7%/yr
FY21 2.2B TRY
FY22 4.9B TRY
FY23 15.4B TRY
FY24 17.3B TRY
FY25 13.4B TRY
Net income
FY21 316M TRY
FY22 598M TRY
FY23 877M TRY
FY24 −1.4B TRY
FY25 −354M TRY

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Cite: Fair Value Calculator (2026). "Kimteks Poliüretan Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/KMPUR

Peer Group

Specialty Chemicals · 674 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 34 · Bottom 25%
Fair Value upside +45% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets 7% · Top 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth -7% · Bottom 25%
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 135.5× · Pricier than 75% of peers
P/B 3.26× · Pricier than 75% of peers
P/S (TTM) 0.85× · Cheaper than median
P/FCF 0.7× · Cheaper than median
EV/EBITDA 7.0× · 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 93 · sector 0
FUTURE 0 · sector 19
PAST 8 · sector 23
HEALTH 93 · sector 95
DIVIDEND 0 · sector 25

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

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Kimteks Poliüretan Sanayi ve Ticaret A.S. (KMPUR) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 33.34 TRY versus a price of 23.00 TRY, about +45% (undervalued).
What is the fair value of KMPUR?
Our model-based fair value for Kimteks Poliüretan Sanayi ve Ticaret A.S. is 33.34 TRY (as of Aug 13, 2026), built from audited fundamentals. The current price is 23.00 TRY.
What is the quality score of KMPUR?
Kimteks Poliüretan 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 revenue of Kimteks Poliüretan Sanayi ve Ticaret A.S. (KMPUR)?
Kimteks Poliüretan Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 13.2B TRY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KMPUR?
The net profit margin of Kimteks Poliüretan Sanayi ve Ticaret A.S. is about 0.6%, meaning it keeps roughly 0.6% 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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