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Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. (KOTON) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 10.3B TRY

KM Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. KOTON · IS
Price12.54 TRY
Fair Value30.38 TRY
Upside+142.3%
Quality50/100
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Mixed Growth
Loss-making · -2.2% net margin
Low debt · generates free cash flow
Ranks above peers (7/11)
Narrow moat 21/100
Evidence: Medium Range 18.79 TRY – 38.99 TRY Share as image

Fair value as of: Aug 13, 2026

From 20 valuation models · updated today

Share price −8.9% over the past month.

A solid business, screening 142% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (18.79 TRY). The market is more pessimistic than our downside scenario.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (18.79 TRY to 38.99 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (2 years)

33.54 TRY 12.38 TRY Fair Value 30.38 TRY May 2024 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

27‑month range 12.38 TRY – 33.54 TRY · fair‑value band 18.79 TRY – 38.99 TRY · the 12.54 TRY price screens below the 30.38 TRY fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. (KOTON) currently trades at 12.54 TRY, while our model-based Fair Value estimate is 30.38 TRY, implying the stock looks roughly 142.3% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. generated revenue of 32.8B TRY at a net margin of -2.2%. Revenue declined 0.7% year over year. It earns a return on equity of -10.7%. Net debt stands at 3.4B TRY. Fundamentals as of Aug 13, 2026

Our scenario range runs from 18.79 TRY (bear case) to 38.99 TRY (bull case); at 12.54 TRY, the current price sits below 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 41% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 7% fair-value upside, at 142%, KOTON 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 23.66 TRY 46.66 TRY 84.35 TRY 80
Rev-Margin DCF 22.75 TRY 42.03 TRY 81.04 TRY 74
ROIC Compounder 18.12 TRY 28.57 TRY 40.67 TRY 72
All 20 models by family
DCF Models
FCF DCF 25.13 TRY 39.37 TRY 84.72 TRY 38
5Y Revenue Exit 21.18 TRY 36.79 TRY 69.48 TRY 39
5Y P/E Exit 31.74 TRY 72.92 TRY 129.44 TRY 38
10Y Revenue Exit 21.93 TRY 48.57 TRY 65.76 TRY 36
10Y P/E Exit 30.42 TRY 71.30 TRY 139.46 TRY 35
Earnings-Based
Graham-Dodd 14.79 TRY 103.15 TRY 144.75 TRY 54
Lynch FV 47.21 TRY 67.45 TRY 87.68 TRY 50
PEG = 1.0 47.21 TRY 67.45 TRY 87.68 TRY 46
EPV 13.52 TRY 15.72 TRY 17.65 TRY 59
Multiples
P/E Multiple 32.63 TRY 43.50 TRY 54.38 TRY 63
P/S Multiple 27.73 TRY 36.98 TRY 46.22 TRY 58
P/B Multiple 10.94 TRY 14.59 TRY 18.24 TRY 55
EV/EBIT 26.12 TRY 34.73 TRY 43.34 TRY 53
EV/Revenue 17.71 TRY 25.17 TRY 32.63 TRY 43
Asset-Based
NCAV (Graham) 2.43 TRY 3.26 TRY 4.86 TRY 50
Growth DCF
Growth DCF 23.66 TRY 46.66 TRY 84.35 TRY 80
Rev-Margin DCF 22.75 TRY 42.03 TRY 81.04 TRY 74
Economic Profit
Residual Income 18.70 TRY 28.75 TRY 454.60 TRY 61
ROIC Compounder 18.12 TRY 28.57 TRY 40.67 TRY 72
Growth Earnings
Growth-Adj P/E 62.23 TRY 88.90 TRY 115.57 TRY 68

Widest divergence: Growth Earnings (88.90 TRY) versus Asset-Based (3.26 TRY). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 32.8B TRY
Revenue growth (YoY) -0.7%
Net margin -2.2%
Return on equity -10.7%
Free cash flow 1.2B TRY FY2023
P/E ratio 7.1
More key figures
Operating margin 5.2%
EPS (TTM) 1.75 TRY
EPS growth (YoY) -60.9%
Net debt 3.4B TRY FY2023

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 55 · Market factors (momentum, volatility) 30

Profitability 87
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 50
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

Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. engages in the design, manufacture, and sale of textile products in Turkey and internationally.

Full company description

Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. engages in the design, manufacture, and sale of textile products in Turkey and internationally. It offers dresses, sweatshirts, t-shirts, pants, skirts, shirts, blouses, crops, knitwear, cardigans, tank tops, shorts, vests, jackets, leggings, jeans, outerwear, joggers, trousers, sweatshirts, swimsuits, sweatbottoms, sweaters, underwear, boxers, swim trunks, jumpsuits, salopet and beanie products, bikini sets, coats, and cargo products; partywear, sportswear, and lingerie and loungewear products; and accessories, including bags, perfumes, hats, shawls, jewelry and straw products, necklaces, earrings, bracelets, rings, belts, pet clothes, purses, socks and pantyhose products, and hair accessories for women, men, kids, and infants. The coompany also provides license products. It sells its products through wholesale or in retail through its stores, such as franchise, department, corner, and other individual stores operated by franchise holders; and online. Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. was founded in 1988 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. reported revenue of 17.2B TRY in FY2023 versus 3.9B TRY in FY2019, a compound +44.9%/yr. Reported net income was 1.8B TRY in FY2023.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2023)
17.2B TRY
Latest YoY
+7.3%
Revenue +44.9%/yr
FY19 3.9B TRY
FY21 14.4B TRY
FY22 16.0B TRY
FY23 17.2B TRY
Net income
FY19 −171M TRY
FY21 808M TRY
FY22 1.7B TRY
FY23 1.8B TRY

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Cite: Fair Value Calculator (2026). "Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/KOTON

Peer Group

Apparel Manufacturing · 214 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 50 · Below median
Fair Value upside +142% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) 5% · Above median
Revenue growth -1% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 7.1× · Cheaper than 75% of peers
P/B 0.05× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper 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 100 · sector 33
FUTURE 0 · sector 4
PAST 0 · sector 19
HEALTH 99 · sector 98
DIVIDEND 0 · sector 50

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

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%
Youngone Corporation 111770 87,600 KRW 196,629 KRW +124%
Zhejiang Semir Garment Co 002563 ¥5.61 ¥7.29 +30%

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Frequently asked questions

Is Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. (KOTON) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 30.38 TRY versus a price of 12.54 TRY, about +142% (undervalued).
What is the fair value of KOTON?
Our model-based fair value for Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. is 30.38 TRY (as of Aug 13, 2026), built from audited fundamentals. The current price is 12.54 TRY.
What is the quality score of KOTON?
Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. has a Quality Score of 50/100. 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 Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. (KOTON)?
Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 32.8B TRY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KOTON?
The net profit margin of Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. is about -2.2%, meaning it is currently running at a net loss. 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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