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Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi (MEKAG) Fair Value & Analysis

Basic Materials · TR · Market cap 2.3B TRY

MG Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi MEKAG · IS
Price2.91 TRY
Fair Value0.7700 TRY
Upside-73.5%
Quality55/100
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Mixed Growth
Loss-making · -4.4% net margin
Low debt · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 0/100
Evidence: Medium Range 0.5700 TRY – 0.9700 TRY Share as image

Fair value as of: Aug 13, 2026

From 10 valuation models · updated today

Share price −15.4% over the past month.

A solid business, but screening 74% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.9700 TRY). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (3 years)

7.95 TRY 2.15 TRY Fair Value 0.7700 TRY Oct 2023 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

34‑month range 2.15 TRY – 7.95 TRY · fair‑value band 0.5700 TRY – 0.9700 TRY · the 2.91 TRY price screens above the 0.7700 TRY fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi (MEKAG) currently trades at 2.91 TRY, while our model-based Fair Value estimate is 0.7700 TRY, implying the stock looks roughly 73.5% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Basic Materials 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: medium).

Over the trailing twelve months, Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi generated revenue of 2.7B TRY at a net margin of -4.4%. Revenue declined 23.9% year over year. It earns a return on equity of -8.5%. Net debt stands at 20.3M TRY. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.5700 TRY (bear case) to 0.9700 TRY (bull case); at 2.91 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 66% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -74%, MEKAG 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 9.11 TRY 16.87 TRY 29.39 TRY 80
Rev-Margin DCF 7.96 TRY 13.62 TRY 25.48 TRY 74
EV/EBITDA 1.10 TRY 1.30 TRY 1.50 TRY 54
All 10 models by family
DCF Models
FCF DCF 9.66 TRY 14.60 TRY 30.01 TRY 38
5Y Revenue Exit 7.27 TRY 11.97 TRY 21.78 TRY 39
5Y EBITDA Exit 3.57 TRY 4.48 TRY 6.22 TRY 41
10Y Revenue Exit 7.86 TRY 16.05 TRY 21.07 TRY 36
10Y EBITDA Exit 5.45 TRY 8.26 TRY 12.11 TRY 37
Multiples
EV/EBITDA 1.10 TRY 1.30 TRY 1.50 TRY 54
EV/Revenue 5.75 TRY 7.99 TRY 10.24 TRY 43
Asset-Based
NCAV (Graham) 0.8800 TRY 1.19 TRY 1.77 TRY 50
Growth DCF
Growth DCF 9.11 TRY 16.87 TRY 29.39 TRY 80
Rev-Margin DCF 7.96 TRY 13.62 TRY 25.48 TRY 74

Widest divergence: Growth DCF (13.62 TRY) versus Asset-Based (1.19 TRY). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.7B TRY
Revenue growth (YoY) -23.9%
Net margin -4.4%
Return on equity -8.5%
Free cash flow 460M TRY FY2025
Operating margin -4.5%
More key figures
EPS (TTM) -0.1500 TRY
EPS growth (YoY) -39.0%
Net debt 20.3M TRY FY2024

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 62 · Market factors (momentum, volatility) 21

Profitability 30
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 2
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

Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi manufactures and sells crushing and screening equipment, and concrete batching plants in Turkey and internationally.

Full company description

Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi manufactures and sells crushing and screening equipment, and concrete batching plants in Turkey and internationally. It offers stationary, mobile, compact, precast, dry batch, and RCC concrete batching plants; single and twin shaft and planetary concrete mixers; cement silos, fiber feeding-dosing systems, concrete recycling systems, and mobile aggregate feeding conveyors; concrete batching plant automation systems; and after sales services and spare parts. The company also provides feeders, such as apron, wobbler, pan feeder with grizzly scalper, vibrating, grizzly, and belt feeders; crushers, including jaw, primary, secondary, tertiary impact, vertical shaft, cone, and hammer crushers; horizontal, inclined, grizzly, dewatering, and scalping screens; log, coarse, material, fine material, and compact sand plants washers; belt conveyors; and plant automation systems. In addition, it offers mobile solutions, which includes portable screens, wash plants, jaw and cone crushers, two-stage plants, and horizontal and vertical shaft impact crushers; and recycling technologies comprising construction and demolition waste recycling, slag recycling for metal recovery, ceramic waste recycling, and quarry waste recycling. The company serves aggregates and concrete industries. The company was formerly known as Meka Beton Santralleri Imalat Sanayi ve Ticaret A.S. and changed its name to Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi in November 2025. The company was incorporated in 1987 and is headquartered in Ankara, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi reported revenue of 2.9B TRY in FY2025 versus 354M TRY in FY2021, a compound +68.9%/yr. Reported net income was −59.8M TRY in FY2025.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.9B TRY
Latest YoY
+7.1%
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.
+28.3%
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.
+69.4%
Revenue +68.9%/yr
FY21 354M TRY
FY22 1.4B TRY
FY23 2.2B TRY
FY24 2.7B TRY
FY25 2.9B TRY
Net income
FY21 35.6M TRY
FY22 77.1M TRY
FY23 158M TRY
FY24 −114M TRY
FY25 −59.8M TRY

MEKAG screens 74% overvalued. Compare with CRH plc →

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Cite: Fair Value Calculator (2026). "Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/MEKAG

Peer Group

Building Materials · 259 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 55 · Above median
Fair Value upside −74% · Bottom 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) -4% · Bottom 25%
Revenue growth -24% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Building Materials median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.1× · 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 0 · sector 24
FUTURE 0 · sector 1
PAST 0 · sector 15
HEALTH 100 · sector 92
DIVIDEND 0 · sector 44

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

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi (MEKAG) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.7700 TRY versus a price of 2.91 TRY, about −74% (overvalued).
What is the fair value of MEKAG?
Our model-based fair value for Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi is 0.7700 TRY (as of Aug 13, 2026), built from audited fundamentals. The current price is 2.91 TRY.
What is the quality score of MEKAG?
Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi has a Quality Score of 55/100. 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 Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi (MEKAG)?
Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi reported trailing-twelve-month revenue of about 2.7B TRY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MEKAG?
The net profit margin of Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi is about -4.4%, 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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