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Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. (MAKIM) Fair Value & Analysis

Industrials · TR · Market cap 1.8B TRY

MM Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. MAKIM · IS
Price16.03 TRY
Fair Value7.31 TRY
Upside-54.4%
Quality41/100
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Healthy Growth
Thin margins · 0.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 19/100
Evidence: High Range 5.67 TRY – 7.72 TRY Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated today

Share price −11.4% over the past month.

Below-average quality, and screening another 54% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (7.72 TRY). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (4 years)

35.64 TRY 4.80 TRY Fair Value 7.31 TRY Jun 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

50‑month range 4.80 TRY – 35.64 TRY · fair‑value band 5.67 TRY – 7.72 TRY · the 16.03 TRY price screens above the 7.31 TRY fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. (MAKIM) currently trades at 16.03 TRY, while our model-based Fair Value estimate is 7.31 TRY, implying the stock looks roughly 54.4% overvalued today. The Quality Score stands at 41/100 (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: high).

Over the trailing twelve months, Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. generated revenue of 1.4B TRY at a net margin of 0.1%. Revenue grew 11.4% year over year. It earns a return on equity of 0.1%. Net debt stands at 87.4M TRY. Fundamentals as of Aug 13, 2026

Our scenario range runs from 5.67 TRY (bear case) to 7.72 TRY (bull case); at 16.03 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. The share trades about 30% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -54%, MAKIM 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
Growth DCF 5.37 TRY 8.40 TRY 13.15 TRY 80
Rev-Margin DCF 11.86 TRY 21.88 TRY 42.72 TRY 74
ROIC Compounder 8.85 TRY 9.89 TRY 11.85 TRY 72
All 23 models by family
DCF Models
FCF DCF 5.65 TRY 7.69 TRY 13.79 TRY 38
5Y Revenue Exit 10.77 TRY 19.31 TRY 37.31 TRY 39
5Y EBITDA Exit 12.80 TRY 23.41 TRY 44.27 TRY 41
5Y P/E Exit 4.56 TRY 8.09 TRY 12.80 TRY 38
10Y Revenue Exit 8.67 TRY 20.76 TRY 29.45 TRY 36
10Y EBITDA Exit 10.44 TRY 24.75 TRY 50.65 TRY 37
10Y P/E Exit 4.95 TRY 8.58 TRY 14.31 TRY 35
Earnings-Based
Graham-Dodd 1.20 TRY 8.39 TRY 11.78 TRY 54
Lynch FV 4.34 TRY 6.20 TRY 8.05 TRY 50
PEG = 1.0 4.34 TRY 6.20 TRY 8.05 TRY 46
EPV 8.85 TRY 9.89 TRY 10.76 TRY 59
Multiples
P/E Multiple 2.79 TRY 3.72 TRY 4.65 TRY 63
P/S Multiple 2.26 TRY 3.01 TRY 3.76 TRY 58
P/B Multiple 2.26 TRY 3.01 TRY 3.76 TRY 55
EV/EBIT 16.61 TRY 21.75 TRY 26.88 TRY 53
EV/EBITDA 15.93 TRY 20.84 TRY 25.74 TRY 54
EV/Revenue 12.21 TRY 16.92 TRY 21.63 TRY 43
Asset-Based
NCAV (Graham) 5.01 TRY 6.72 TRY 10.03 TRY 50
Growth DCF
Growth DCF 5.37 TRY 8.40 TRY 13.15 TRY 80
Rev-Margin DCF 11.86 TRY 21.88 TRY 42.72 TRY 74
Economic Profit
Residual Income 6.58 TRY 6.06 TRY 4.30 TRY 61
ROIC Compounder 8.85 TRY 9.89 TRY 11.85 TRY 72
Growth Earnings
Growth-Adj P/E 5.67 TRY 8.10 TRY 10.53 TRY 68

Widest divergence: DCF Models (19.31 TRY) versus Multiples (3.72 TRY). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.4B TRY
Revenue growth (YoY) +11.4%
Net margin 0.1%
Return on equity 0.1%
Free cash flow 36.5M TRY FY2025
P/E ratio 1,603.0
More key figures
Operating margin 0.5%
EPS (TTM) 0.0100 TRY
EPS growth (YoY) -22.3%
Net debt 87.4M TRY FY2025

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 45 · Market factors (momentum, volatility) 37

Profitability 31
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 27
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 82
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

Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. engages in precision casting, access control systems and doner industry products in Turkey.

Full company description

Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. engages in precision casting, access control systems and doner industry products in Turkey. It offers tooling production, machining, heat treatment, and additional processes, such as coatings, as well as dimensional inspections, non-destructive testing, and destructive testing; and investment casting of steel, stainless steel and cobalt base alloys, casting simulation, in-house tooling production, and in-house machining. The company also offers turnstile systems, barrier systems, access control systems, cctv systems, alarm and security systems, sound and light systems, automatic door and motor systems, and auxiliary equipment. Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. was founded in 1982 and is headquartered in Ankara, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. reported revenue of 1.4B TRY in FY2025 versus 145M TRY in FY2021, a compound +76.2%/yr. Reported net income was 19.8M TRY in FY2025, compounding −23.3%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.4B TRY
Latest YoY
+1.3%
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.
+36.2%
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.
+76.2%
Revenue +76.2%/yr
FY21 145M TRY
FY22 553M TRY
FY23 1.1B TRY
FY24 1.4B TRY
FY25 1.4B TRY
Net income −23.3%/yr
FY21 57.1M TRY
FY22 95.9M TRY
FY23 194M TRY
FY24 72.5M TRY
FY25 19.8M TRY

MAKIM screens 54% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/MAKIM

Peer Group

Specialty Industrial Machinery · 805 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 41 · Bottom 25%
Fair Value upside −54% · Below median
Return on equity (TTM) 0% · Bottom 25%
Return on assets 5% · Above median
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 11% · Above median
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 1.0× · 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 0 · sector 0
FUTURE 57 · sector 23
PAST 0 · sector 28
HEALTH 95 · sector 96
DIVIDEND 0 · sector 24

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

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Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. (MAKIM) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 7.31 TRY versus a price of 16.03 TRY, about −54% (overvalued).
What is the fair value of MAKIM?
Our model-based fair value for Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. is 7.31 TRY (as of Aug 13, 2026), built from audited fundamentals. The current price is 16.03 TRY.
What is the quality score of MAKIM?
Makim Makina Teknolojileri Sanayi Ve Ticaret 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 revenue of Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. (MAKIM)?
Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. reported trailing-twelve-month revenue of about 1.4B TRY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MAKIM?
The net profit margin of Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. is about 0.1%, meaning it keeps roughly 0.1% 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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