Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. stock TRY 60.26, price TRY 37.66, upside +60.0%, quality 36 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range 5.67 TRY – 47.48 TRY · fair‑value band 42.86 TRY – 77.63 TRY · the 37.66 TRY price screens below the 60.26 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. manufactures and sells iron and steel, coke, and coke-by products in Turkey.
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The company also engages in steel structure manufacturing and assembly; casting and machining; energy business; and intra-city and intercity freight transportation activities. Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. was incorporated in 1995 and is headquartered in Karabük, Turkey.
Stock analysis
Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD) currently trades at 37.66 TRY, while our model-based Fair Value estimate is 60.26 TRY, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 49.54 TRY per share, and 2 of the 6 models we run sit above the 37.66 TRY price.
Bear case: the Earnings-Based group reads lowest at 18.25 TRY, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 42.86 TRY (bear) to 77.63 TRY (bull), the price of 37.66 TRY sits below 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 36/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. reported revenue of 66.7B TRL in FY2025 versus 14.8B TRL in FY2021, a compound +45.8%/yr. Reported net income was −1.7B TRL in FY2025.
Key figures
Market cap 42.9B TRY (≈ $855M) Small · P/E ratio 9.3 · P/S ratio 0.67 · EPS (TTM) 4.04 TRY · Net margin 7.2% · Return on equity 5.5% · Return on assets (EBIT) 8.5% (5-year average) · Operating margin 6.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (medium confidence).
What moves the price
The share trades about 21% below its 52-week high and 58% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −38% fair-value upside, at 60%, KRDMD screens cheaper than that median.
Fair Value models
Bear42.86 TRYFair Value 60.26 TRYBull77.63 TRY
Price 37.66 TRY · Upside +60.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (3.49 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.Coverage ⓘCoverage = 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.
Best data coverage
EPV16.54 TRY18.25 TRY19.60 TRY72
ROIC Compounder16.54 TRY18.25 TRY19.60 TRY71
EV/EBITDA36.50 TRY50.43 TRY64.37 TRY66
All 6 models by family
Earnings-Based
EPV16.54 TRY18.25 TRY19.60 TRY72
Multiples
EV/EBIT24.44 TRY34.36 TRY44.27 TRY64
EV/EBITDA36.50 TRY50.43 TRY64.37 TRY66
EV/Revenue20.47 TRY31.52 TRY42.57 TRY52
Asset-Based
NCAV (Graham)36.97 TRY49.54 TRY73.94 TRY52
Economic Profit
ROIC Compounder16.54 TRY18.25 TRY19.60 TRY71
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−9.8%
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.
+34.5%
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.
+54.7%
Start year 2020 (pandemic). Over 10 years: +40.5% 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.
−25.7%
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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.
12.6% (2020) → 4.8% (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
Compare Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. with another stock
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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.Steel · 419 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside+60.0% · Top 25%
Profitability
Return on equity (12 months)5.5% · Above median
Return on assets−1.3% · Bottom 25%
Net margin (12 months)7.2% · Above median
Operating margin (12 months)6.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)7.7% · Above median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Steel median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/KRDMD
Frequently asked questions
Is Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 60.26 TRY versus a price of 37.66 TRY, about +60% upside (undervalued).
What is the fair value of KRDMD?
Our model-based fair value for Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. is 60.26 TRY (as of Nov 9, 2026), built from audited fundamentals. The current price: 37.66 TRY.
What is the quality score of KRDMD?
Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. has a Quality Score of 36/100. 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 Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
Our model-based price target is the fair value of 60.26 TRY (as of Nov 9, 2026) from 6 valuation models. Cautious scenario 42.86 TRY, optimistic scenario 77.63 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. stock forecast for 2026?
Our models put fair value at 60.26 TRY, about +60% upside versus a price of 37.66 TRY (undervalued). Cautious scenario 42.86 TRY, optimistic scenario 77.63 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. reported trailing-twelve-month revenue of about 64.6B TRY (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. it is 60.26 TRY per share (as of Nov 9, 2026), against a price of 37.66 TRY. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. stock overvalued or undervalued in 2026?
As of Nov 9, 2026, KRDMD trades below its calculated fair value: price 37.66 TRY, fair value 60.26 TRY, a gap of about +60% (undervalued). 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 KRDMD?
No. The price is what the market pays today (37.66 TRY); the fair value is what the company's own numbers justify (60.26 TRY). For Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. the two are 22.60 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. worth?
The market values Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. at about 42.9B TRY (market capitalisation, as of Nov 9, 2026). Per share that is 37.66 TRY; our models calculate a fair value of 60.26 TRY per share.
What do the bullish and bearish scenarios say about KRDMD?
Our models span a range for Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S.: cautious scenario 42.86 TRY, base 60.26 TRY, optimistic 77.63 TRY per share (as of Nov 9, 2026, price 37.66 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KRDMD?
Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. trades at a price-to-earnings ratio of 9.3 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 60.26 TRY is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2017 to 2023), reported earnings: 11.8. Other multiples: P/B 0.5, P/S 0.7, EV/EBITDA 5.4.
How solid is the balance sheet of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
Balance-sheet figures for Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (as of Nov 9, 2026): return on equity 5.5%, debt of 0.03 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is KRDMD from its 52-week high?
Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. trades at 37.66 TRY, about 21% below its 52-week high of 47.48 TRY and 58% above the low of 23.82 TRY (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 60.26 TRY is for.
Which stocks are comparable to Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S.?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel 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 Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. stock attractive at the current price?
The data as of Nov 9, 2026: price 37.66 TRY, calculated fair value 60.26 TRY (+60%), Quality Score 36/100, from 6 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 KRDMD calculated?
We run Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 60.26 TRY builds on their evidence-weighted average, 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 15.1% above its aggregate fair value. Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. currently trades 38% below its own fair value, and the market average says nothing about that. 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 Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
The closing price on Nov 10, 2026 was 37.66 TRY. Our model-based fair value is 60.26 TRY, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. right now?
The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (42.86 TRY). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (42.86 TRY to 77.63 TRY) leaves room in how you read the outcome.
Key figures of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S.
How large is the market capitalisation of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
The market capitalisation of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. is 42.9B TRY (≈ $855M). 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 Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
The price-to-sales ratio of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. is 0.67 (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 Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
Earnings per share at Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. are 4.04 TRY (price ÷ EPS = P/E 9.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
The net margin of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. is 7.2% (last twelve months). 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 Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
The return on equity (ROE) of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. is 5.5% (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 Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
On an EBIT basis the return on assets of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. is 8.5% (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 Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
The operating margin of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. is 6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
Revenue at Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. is growing +7.7% versus a year earlier (3y avg +34.5%). 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 Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD)?
Earnings per share at Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. are growing −51.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD) generate?
The free cash flow of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. is −2.4B 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 Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD) carry?
The net debt of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. is 6.1B 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.
Why does Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. not meet the fair value rule although the fair value shown is higher?
Trough year lifted: 34.36 TRY → 60.26 TRY. The latest year was a trough or loss year. So we calculate with a normal year: 60.26 TRY instead of 34.36 TRY. As in the backtest, the fair value rule checks the value before: -9% against the price.
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Thin data
Nov 9, 2026