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Kordsa Teknik Tekstil A.S. (KORDS) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Kordsa Teknik Tekstil A.S. TRY 2.36, price TRY 3.04, upside -22.4%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Consumer Cyclical · TR · ISIN TRAKORDS91B2

KT Thin data Sep 27, 2026

Kordsa Teknik Tekstil A.S.

KORDS · IS

Weak valuationQuality is weak on top of the rich price.

!Fair value 2.36 TRY · Overvalued (−22.4%)
!Quality 41/100
!Mixed Growth (revenue 5y +46.9 %/yr)
!Loss-making · -1.3% net margin (TTM)
✓Moderate debt · generates free cash flow
!Trails peers (3/10)
!Narrow moat 17/100
!Evidence only low, so the estimate is less certain
!The models disagree: range 0.8300 TRY to 3.93 TRY
!Weak on valuation: 3 out of 100
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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

87.25 TRY 0.9884 TRY Fair Value 2.36 TRY Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range 0.9884 TRY – 87.25 TRY · fair‑value band 0.8300 TRY – 3.93 TRY · the 3.04 TRY price screens above the 2.36 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Kordsa Teknik Tekstil A.S. manufactures and sells vehicle tires and related products in North America, South America, Europe, the Middle East, Africa, and Asia.

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Kordsa Teknik Tekstil A.S. manufactures and sells vehicle tires and related products in North America, South America, Europe, the Middle East, Africa, and Asia. It is involved in the manufacturing of industrial cloth products, transmission belts, V-belts, rubber hoses, and rubber and plastic products; industrial single cord with industrial fabrics in the structure of the material; and heavy denier fiber and connection fabrics; as well as the processing and marketing of guide cloth products and other rubber reinforcement materials. The company also provides rubber cords and mechanical rubber good fabrics. In addition, it offers advanced composites to the civil aviation sector; and nylon 6, nylon 6.6, and polyethylene terephthalate high modulus low shrinkage polyester, as well as rayon heavy decitex yarns for use in tires and mechanical rubber goods. Further, the company offers composites technologies comprising polymeric matrix prepregs, ceramic matrix prepregs, slittape and towpreg products, films, honeycombs, and other products. The company was formerly known as Kordsa Endüstriyel Iplik ve Kord Bezi Sanayi ve Ticaret Anonim Sirketi and changed its name to Kordsa Teknik Tekstil A.S. in March 2017. The company was incorporated in 1973 and is headquartered in Izmit, Turkey. Kordsa Teknik Tekstil A.S. is a subsidiary of Haci Ömer Sabanci Holding A.S.

Stock analysis

Kordsa Teknik Tekstil A.S. (KORDS) currently trades at 3.04 TRY, while our model-based Fair Value estimate is 2.36 TRY, 22.4% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 5.13 TRY per share, and 10 of the 12 models we run sit above the 3.04 TRY price.

Bear case: the Dividend Discount group reads lowest at 1.70 TRY, and 2 of the 12 models stay below the price. Evidence for this calculation is low.

Scenario range: 0.8300 TRY (bear) to 3.93 TRY (bull), the price of 3.04 TRY sits inside 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 41/100 (below-average quality), in the Consumer Cyclical sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Kordsa Teknik Tekstil A.S. reported revenue of 31.0B TRL in FY2025 versus 7.9B TRL in FY2021, a compound +40.8%/yr. Reported net income was −1.5B TRL in FY2025.

Key figures

Market cap 14.8B TRY (≈ $301M) · P/S ratio 0.43 · EPS (TTM) −6.00 TRY · Dividend yield 3.0% · Net margin −4.8% · Return on equity −1.2% · Return on assets (EBIT) 3.5% · Operating margin 6.3%.

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 39% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −19% fair-value upside, at −22%, KORDS screens richer than that median.

Fair Value models

Bear 0.8300 TRY Fair Value 2.36 TRY Bull 3.93 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. 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.
Highest evidence
FCF DCF 25.46 TRY 37.68 TRY 74.21 TRY 77
Growth DCF 23.78 TRY 40.20 TRY 70.42 TRY 76
5Y EBITDA Exit 10.61 TRY 15.45 TRY 24.70 TRY 74
All 12 models by family
DCF Models
FCF DCF 25.46 TRY 37.68 TRY 74.21 TRY 77
5Y Revenue Exit 13.10 TRY 20.50 TRY 35.62 TRY 70
5Y EBITDA Exit 10.61 TRY 15.45 TRY 24.70 TRY 74
10Y Revenue Exit 17.00 TRY 31.27 TRY 38.71 TRY 67
10Y EBITDA Exit 15.64 TRY 26.43 TRY 42.90 TRY 67
Dividend Discount
Gordon GGM 1.04 TRY 1.87 TRY 2.57 TRY 68
DDM Multi-Stage 1.04 TRY 1.70 TRY 1.99 TRY 67
Multiples
EV/EBITDA 3.57 TRY 5.13 TRY 6.70 TRY 67
EV/Revenue 6.63 TRY 9.96 TRY 13.28 TRY 53
Asset-Based
NCAV (Graham) 2.58 TRY 3.46 TRY 5.16 TRY 54
Growth DCF
Growth DCF 23.78 TRY 40.20 TRY 70.42 TRY 76
Rev-Margin DCF 13.10 TRY 23.64 TRY 42.57 TRY 70

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Quality Score breakdown

Overall quality 41/100

Of which business quality 44 · Market factors (momentum, volatility) 41

Profitability 13
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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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. 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.0%
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.
+19.0%
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.
+46.9%
Start year 2020 (pandemic). Over 10 years: +33.4% a year
Revenue growth 25 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.
−27.5%
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.
7.2% (2020) → 0.0% (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

KORDS screens overvalued: fair value 22% below the price. Compare with Tongkun Group →

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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.Textile Manufacturing · 333 stocks

Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 41 · Bottom 25%
Fair Value upside −22.4% · Below median
Profitability
Return on assets 0.6% · Below median
Net margin (TTM) −1.3% · Bottom 25%
Operating margin (TTM) 6.3% · Above median
Growth and dividend
Revenue growth 29.2% · Top 25%
Dividend yield (TTM) 3.0% · Above median
Balance sheet
Debt / equity 0.59× · Highest 25%

Valuation Multiplesvs Textile Manufacturing median · lower = cheaper

PEG 2.10× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)3 · sector 10
FUTURE (revenue growth)100 · sector 32
PAST (return on equity)0 · sector 17
HEALTH (low debt)70 · sector 95
DIVIDEND (yield)61 · sector 36

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 Textile Manufacturing stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Tongkun Group 601233 ¥23.26 ¥14.53 −38%
Shenzhou International Group 2313 HK$34.08 HK$71.99 +111%
Inner Mongolia ERDOS Resources Co 600295 ¥12.80 ¥14.35 +12%
K.P.R. Mill Limited KPRMILL ₹1,106 ₹901.34 −19%
Zhejiang Orient Holdings 600120 ¥4.65 ¥2.40 −48%
Welspun Living Limited WELSPUNLIV ₹239.17 ₹47.77 −80%
Ruentex Industries Ltd 2915 58.30 TWD 106.63 TWD +83%
Albany International Corp AIN $59.61 $25.00 −58%
Bros Eastern.,Ltd 601339 ¥7.25 ¥7.87 +9%
Vardhman Textiles Limited VTL ₹534.60 ₹269.96 −50%

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Kordsa Teknik Tekstil A.S. · Fair Value
2.36 TRY −22%Fair Value
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Cite: Fair Value Calculator (2026). "Kordsa Teknik Tekstil A.S. Fair Value". https://www.fairvalue-calculator.com/stock/KORDS

Frequently asked questions

Is Kordsa Teknik Tekstil A.S. (KORDS) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 2.36 TRY versus a price of 3.04 TRY, about −22% upside (overvalued).
What is the fair value of KORDS?
Our model-based fair value for Kordsa Teknik Tekstil A.S. is 2.36 TRY (as of Sep 27, 2026), built from audited fundamentals. The current price: 3.04 TRY.
What is the quality score of KORDS?
Kordsa Teknik Tekstil A.S. has a Quality Score of 41/100. 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 Kordsa Teknik Tekstil A.S. (KORDS)?
Our model-based price target is the fair value of 2.36 TRY (as of Sep 27, 2026) from 12 valuation models. Cautious scenario 0.8300 TRY, optimistic scenario 3.93 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Kordsa Teknik Tekstil A.S. stock forecast for 2026?
Our models put fair value at 2.36 TRY, about −22% upside versus a price of 3.04 TRY (overvalued). Cautious scenario 0.8300 TRY, optimistic scenario 3.93 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Kordsa Teknik Tekstil A.S. (KORDS)?
Kordsa Teknik Tekstil A.S. reported trailing-twelve-month revenue of about 34.2B TRY (latest available figure, as of Sep 27, 2026).
Does Kordsa Teknik Tekstil A.S. pay a dividend?
Kordsa Teknik Tekstil A.S. currently shows a dividend yield of about 3.03% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Kordsa Teknik Tekstil A.S. (KORDS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kordsa Teknik Tekstil A.S. it is 2.36 TRY per share (as of Sep 27, 2026), against a price of 3.04 TRY. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Kordsa Teknik Tekstil A.S. stock overvalued or undervalued in 2026?
As of Sep 27, 2026, KORDS trades above its calculated fair value: price 3.04 TRY, fair value 2.36 TRY, a gap of about −22% (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 KORDS?
No. The price is what the market pays today (3.04 TRY); the fair value is what the company's own numbers justify (2.36 TRY). For Kordsa Teknik Tekstil A.S. the two are 0.6800 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Kordsa Teknik Tekstil A.S. worth?
The market values Kordsa Teknik Tekstil A.S. at about 14.8B TRY (market capitalisation, as of Sep 27, 2026). Per share that is 3.04 TRY; our models calculate a fair value of 2.36 TRY per share.
What do the bullish and bearish scenarios say about KORDS?
Our models span a range for Kordsa Teknik Tekstil A.S.: cautious scenario 0.8300 TRY, base 2.36 TRY, optimistic 3.93 TRY per share (as of Sep 27, 2026, price 3.04 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of KORDS?
The PEG ratio of Kordsa Teknik Tekstil A.S. is 2.10 (P/E divided by earnings growth, as of Sep 27, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Kordsa Teknik Tekstil A.S. (KORDS)?
Balance-sheet figures for Kordsa Teknik Tekstil A.S. (as of Sep 27, 2026): return on equity −1.2%, debt of 0.59 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is KORDS from its 52-week high?
Kordsa Teknik Tekstil A.S. trades at 3.04 TRY, about 39% below its 52-week high of 4.99 TRY and 21% above the low of 2.51 TRY (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 2.36 TRY is for.
Which stocks are comparable to Kordsa Teknik Tekstil A.S.?
From the same area (Consumer Cyclical) we also value Tongkun Group, Shenzhou International Group, Inner Mongolia ERDOS Resources Co, K.P.R. Mill Limited, 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 Kordsa Teknik Tekstil A.S. stock attractive at the current price?
The data as of Sep 27, 2026: price 3.04 TRY, calculated fair value 2.36 TRY (−22%), Quality Score 41/100, from 12 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 KORDS calculated?
We run Kordsa Teknik Tekstil A.S. through 12 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 2.36 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 14.5 % above its aggregate fair value. Kordsa Teknik Tekstil 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 Kordsa Teknik Tekstil A.S. (KORDS)?
The closing price on Oct 2, 2026 was 3.04 TRY. Our model-based fair value is 2.36 TRY, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kordsa Teknik Tekstil A.S. right now?
Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (0.8300 TRY to 3.93 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Kordsa Teknik Tekstil A.S.

How large is the market capitalisation of Kordsa Teknik Tekstil A.S. (KORDS)?
The market capitalisation of Kordsa Teknik Tekstil A.S. is 14.8B TRY (≈ $301M). 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 Kordsa Teknik Tekstil A.S. (KORDS)?
The price-to-sales ratio of Kordsa Teknik Tekstil A.S. is 0.43 (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 Kordsa Teknik Tekstil A.S. (KORDS)?
Earnings per share at Kordsa Teknik Tekstil A.S. are −6.00 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kordsa Teknik Tekstil A.S. (KORDS)?
The dividend yield of Kordsa Teknik Tekstil A.S. is 3.0%. 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 Kordsa Teknik Tekstil A.S. (KORDS)?
The net margin of Kordsa Teknik Tekstil A.S. is −4.8% (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 Kordsa Teknik Tekstil A.S. (KORDS)?
The return on equity (ROE) of Kordsa Teknik Tekstil A.S. is −1.2% (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 Kordsa Teknik Tekstil A.S. (KORDS)?
On an EBIT basis the return on assets of Kordsa Teknik Tekstil A.S. is 3.5% (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 Kordsa Teknik Tekstil A.S. (KORDS)?
The operating margin of Kordsa Teknik Tekstil A.S. is 6.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kordsa Teknik Tekstil A.S. (KORDS)?
Revenue at Kordsa Teknik Tekstil A.S. is growing +29.2% versus a year earlier (3y avg +19.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Kordsa Teknik Tekstil A.S. (KORDS) generate?
The free cash flow of Kordsa Teknik Tekstil A.S. is 4.6B 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 Kordsa Teknik Tekstil A.S. (KORDS) carry?
The net debt of Kordsa Teknik Tekstil A.S. is 13.1B TRY (fiscal year 2025, ≈ 2.9 yrs of FCF). 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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