Nuh Cimento Sanayi AS (NUHCM) fair value: what the stock is really worth
We calculate from audited financials what Nuh Cimento Sanayi AS is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 26.23 TRY – 358.13 TRY · fair‑value band 173.67 TRY – 317.73 TRY · the 219.60 TRY price screens below the 244.42 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Nuh Çimento Sanayi A.S. produces and sells cement, clinker, and mineral additives in Turkey. It offers ready-mixed concrete, and lime and gas concrete products; and port services, including cargo handling services. The company also engages in the construction and contracting works; and extraction, loading, and shipping agency activities.
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Nuh Çimento Sanayi A.S. produces and sells cement, clinker, and mineral additives in Turkey. It offers ready-mixed concrete, and lime and gas concrete products; and port services, including cargo handling services. The company also engages in the construction and contracting works; and extraction, loading, and shipping agency activities. It offers its products through a dealer network and direct sales system. The company also exports its products to Africa, South and North America, Togo, Nigeria, Ivory Coast, Algeria, Italy, France, Spain, Belgium, Albania, Holland, Ireland, Portugal, Brazil, Canada, the United States, Georgia, Israel, Egypt, Lebanon, Gambia, Ghana, Senegal, Tunis, TRNC, and Mauritius. Nuh Çimento Sanayi A.S. was incorporated in 1966 and is based in Istanbul, Turkey.
Stock analysis
Nuh Cimento Sanayi AS (NUHCM) currently trades at 219.60 TRY, while our model-based Fair Value estimate is 244.42 TRY, implying the stock looks roughly 10.2% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 385.29 TRY per share, and 15 of the 24 models we run sit above the 219.60 TRY price.
Bear case: the Multiples group reads lowest at 84.46 TRY, and 9 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 173.67 TRY (bear) to 317.73 TRY (bull), the price of 219.60 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 52/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Nuh Cimento Sanayi AS reported revenue of $17.6B in FY2025 versus $2.5B in FY2021, a compound +63.1%/yr. Reported net income was $746M in FY2025, compounding +3.8%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 33.0B TRY (≈ $680M) · P/E ratio 439.2 · P/S ratio 18.6 · EPS (TTM) 0.5000 TRY · Net margin 4.2% · Return on equity 0.4% · Return on assets (EBIT) 13.9% · Operating margin −6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 34% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −35% fair-value upside, at 11%, NUHCM screens cheaper than that median.
Fair Value models
Bear 173.67 TRYFair Value 244.42 TRYBull 317.73 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. Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (0.3521 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.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.
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.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−12.9%
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.
+31.6%
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.
+59.6%
Revenue growth 22 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.
+22.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+40.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+40.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.23% → 13%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.6%
Yearly growth needed for the next five years to justify today's price.
Price, fair value, quality and upside side by side.
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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.Building Materials · 256 stocks
Beats the industry median on 4/15 measures
Overall it trails its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−55% · Bottom 25%
Profitability
Return on equity (TTM)0% · Below median
Return on assets4% · Above median
Net margin (TTM)0% · Below median
Operating margin (TTM)−7% · Bottom 25%
Growth and dividend
Revenue growth−6% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Nuh Cimento Sanayi AS Fair Value". https://www.fairvalue-calculator.com/stock/NUHCM
Frequently asked questions
Is Nuh Cimento Sanayi AS (NUHCM) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 244.42 TRY versus a price of 219.60 TRY, about +11% upside (undervalued).
What is the fair value of NUHCM?
Our model-based fair value for Nuh Cimento Sanayi AS is 244.42 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 219.60 TRY.
What is the quality score of NUHCM?
Nuh Cimento Sanayi AS has a Quality Score of 52/100. 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 Nuh Cimento Sanayi AS (NUHCM)?
Our model-based price target is the fair value of 244.42 TRY (as of Sep 13, 2026) from 24 valuation models. Cautious scenario 173.67 TRY, optimistic scenario 317.73 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Nuh Cimento Sanayi AS stock forecast for 2026?
Our models put fair value at 244.42 TRY, about +11% upside versus a price of 219.60 TRY (undervalued). Cautious scenario 173.67 TRY, optimistic scenario 317.73 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Nuh Cimento Sanayi AS (NUHCM)?
Nuh Cimento Sanayi AS reported trailing-twelve-month revenue of about 17.4B TRY (latest available figure, as of Sep 13, 2026).
What growth is priced into Nuh Cimento Sanayi AS (NUHCM)?
For today's price to be fair in a discounted-cash-flow model, Nuh Cimento Sanayi AS would have to grow free cash flow by +9.6 % per year for five years (discount rate 15.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +59.6 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of NUHCM use?
Our models discount Nuh Cimento Sanayi AS at 15.7 %: a base by market capitalisation (small), country premium for Turkey. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Nuh Cimento Sanayi AS that is +9.6 % per year a year over ten years, using the same discount rate (15.7 %) and the same formula as our fair value.
How much growth has Nuh Cimento Sanayi AS (NUHCM) delivered so far?
Over the past 5 years revenue at Nuh Cimento Sanayi AS grew +59.6 % a year. The price currently implies +9.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Nuh Cimento Sanayi AS (NUHCM) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Nuh Cimento Sanayi AS (+9.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nuh Cimento Sanayi AS (NUHCM)?
The free-cash-flow yield on the price is 7.17 %: that much free cash flow Nuh Cimento Sanayi AS produces per unit of market value. When it exceeds the discount rate of our models (15.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nuh Cimento Sanayi AS (NUHCM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nuh Cimento Sanayi AS it is 244.42 TRY per share (as of Sep 13, 2026), against a price of 219.60 TRY. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Nuh Cimento Sanayi AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, NUHCM trades below its calculated fair value: price 219.60 TRY, fair value 244.42 TRY, a gap of about +11% (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 NUHCM?
No. The price is what the market pays today (219.60 TRY); the fair value is what the company's own numbers justify (244.42 TRY). For Nuh Cimento Sanayi AS the two are 24.82 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Nuh Cimento Sanayi AS worth?
The market values Nuh Cimento Sanayi AS at about 33.0B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 219.60 TRY; our models calculate a fair value of 244.42 TRY per share.
What do the bullish and bearish scenarios say about NUHCM?
Our models span a range for Nuh Cimento Sanayi AS: cautious scenario 173.67 TRY, base 244.42 TRY, optimistic 317.73 TRY per share (as of Sep 13, 2026, price 219.60 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NUHCM?
Nuh Cimento Sanayi AS trades at a price-to-earnings ratio of 439.2 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 244.42 TRY is built from several models across several years. Other multiples: PEG 1.6, P/B 1.3, P/S 1.9, EV/EBITDA 7.4.
What is the PEG ratio of NUHCM?
The PEG ratio of Nuh Cimento Sanayi AS is 1.64 (P/E divided by earnings growth, as of Sep 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Nuh Cimento Sanayi AS (NUHCM)?
Balance-sheet figures for Nuh Cimento Sanayi AS (as of Sep 13, 2026): return on equity 0.4%, debt of 0.02 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is NUHCM from its 52-week high?
Nuh Cimento Sanayi AS trades at 219.60 TRY, about 34% below its 52-week high of 330.32 TRY and 12% above the low of 196.51 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 244.42 TRY is for.
Which stocks are comparable to Nuh Cimento Sanayi AS?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Vulcan Materials Company, UltraTech Cement 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 Nuh Cimento Sanayi AS stock attractive at the current price?
The data as of Sep 13, 2026: price 219.60 TRY, calculated fair value 244.42 TRY (+11%), Quality Score 52/100, from 24 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 NUHCM calculated?
We run Nuh Cimento Sanayi AS through 24 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 244.42 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 15.6 % above its aggregate fair value. Nuh Cimento Sanayi AS currently trades 11 % 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 Nuh Cimento Sanayi AS (NUHCM)?
The closing price on Sep 14, 2026 was 219.60 TRY. Our model-based fair value is 244.42 TRY, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nuh Cimento Sanayi AS right now?
A fairly wide model range (173.67 TRY to 317.73 TRY) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Nuh Cimento Sanayi AS
How large is the market capitalisation of Nuh Cimento Sanayi AS (NUHCM)?
The market capitalisation of Nuh Cimento Sanayi AS is 33.0B TRY (≈ $680M). 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 Nuh Cimento Sanayi AS (NUHCM)?
The price-to-sales ratio of Nuh Cimento Sanayi AS is 18.6 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nuh Cimento Sanayi AS (NUHCM)?
Earnings per share at Nuh Cimento Sanayi AS are 0.5000 TRY (price ÷ EPS = P/E 439.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nuh Cimento Sanayi AS (NUHCM)?
The net margin of Nuh Cimento Sanayi AS is 4.2% (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 Nuh Cimento Sanayi AS (NUHCM)?
The return on equity (ROE) of Nuh Cimento Sanayi AS is 0.4% (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 Nuh Cimento Sanayi AS (NUHCM)?
On an EBIT basis the return on assets of Nuh Cimento Sanayi AS is 13.9% (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 Nuh Cimento Sanayi AS (NUHCM)?
The operating margin of Nuh Cimento Sanayi AS is −6.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nuh Cimento Sanayi AS (NUHCM)?
Revenue at Nuh Cimento Sanayi AS is growing −6.1% versus a year earlier (3y avg +31.6%). 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 Nuh Cimento Sanayi AS (NUHCM)?
Earnings per share at Nuh Cimento Sanayi AS are growing −85.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nuh Cimento Sanayi AS (NUHCM) carry?
The net debt of Nuh Cimento Sanayi AS is 108M TRY (fiscal year 2022, ≈ 0.0 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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