Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA) fair value: what the stock is really worth
We calculate from audited financials what Orma Orman Mahsulleri Integre Sanayi ve Ticaret 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 24.98 TRY – 334.50 TRY · fair‑value band 65.92 TRY – 165.03 TRY · the 146.20 TRY price screens above the 104.55 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.
Orma Orman Mahsulleri Integre Sanayi Ve Ticaret A.S. produces and sells particle and melamine coated particle boards in Türkiye, Asia, Europe, Africa, and internationally. It offers chipboards and melamine faced chipboards for furniture and construction materials, as well as humid resistant chipboards for humid environments, such as kitchens and bathrooms.
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Orma Orman Mahsulleri Integre Sanayi Ve Ticaret A.S. produces and sells particle and melamine coated particle boards in Türkiye, Asia, Europe, Africa, and internationally. It offers chipboards and melamine faced chipboards for furniture and construction materials, as well as humid resistant chipboards for humid environments, such as kitchens and bathrooms. The company was incorporated in 1970 and is headquartered in Istanbul, Turkey. Orma Orman Mahsulleri Integre Sanayi Ve Ticaret A.S. operates as a subsidiary of Gol Yatirim Holding A.S.
Stock analysis
Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA) currently trades at 146.20 TRY, while our model-based Fair Value estimate is 104.55 TRY, implying the stock looks roughly 39.8% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 237.46 TRY per share, and 9 of the 15 models we run sit above the 146.20 TRY price.
Bear case: the Earnings-Based group reads lowest at 89.74 TRY, and 6 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: 65.92 TRY (bear) to 165.03 TRY (bull), the price of 146.20 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 34/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS reported revenue of 4.5B TRY in FY2025 versus 957M TRY in FY2021, a compound +47.0%/yr. Reported net income was −21.4M TRY in FY2025.
Key figures
Market cap 4.4B TRY (≈ $89.7M) · P/S ratio 0.98 · EPS (TTM) −0.8000 TRY · Dividend yield 0.0% · Net margin −0.5% · Return on equity −0.3% · Return on assets (EBIT) 5.0% · Operating margin 3.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 40% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −32% fair-value upside, at −28%, ORMA screens cheaper than that median.
Fair Value models
Bear 65.92 TRYFair Value 104.55 TRYBull 165.03 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.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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.0%
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.
+32.0%
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.
+54.4%
Revenue growth 14 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.
+30.7%
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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.
−7.8% (2014) → 6.2% (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
not computed
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).
+35.6%
Yearly growth needed for the next five years to justify today's price.
Compare Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS with another stock
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.Lumber & Wood Production · 78 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−62% · Bottom 25%
Profitability
Return on assets1% · Above median
Net margin (TTM)0% · Below median
Operating margin (TTM)3% · Above median
Growth and dividend
Revenue growth−1% · Above median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Lumber & Wood Production median · lower = cheaper
P/S (TTM)0.02× · Cheapest 25%
P/FCF0.4× · Cheaper than median
EV/EBITDA0.7× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 16
FUTURE (revenue growth)0· sector 0
PAST (return on equity)0· sector 4
HEALTH (low debt)98· sector 92
DIVIDEND (yield)0· sector 36
VALUE 0: the price sits above our fair-value range.
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). "Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS Fair Value". https://www.fairvalue-calculator.com/stock/ORMA
Frequently asked questions
Is Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 104.55 TRY versus a price of 146.20 TRY, about −28% upside (overvalued).
What is the fair value of ORMA?
Our model-based fair value for Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS is 104.55 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 146.20 TRY.
What is the quality score of ORMA?
Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS has a Quality Score of 34/100. 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 Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
Our model-based price target is the fair value of 104.55 TRY (as of Sep 13, 2026) from 15 valuation models. Cautious scenario 65.92 TRY, optimistic scenario 165.03 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS stock forecast for 2026?
Our models put fair value at 104.55 TRY, about −28% upside versus a price of 146.20 TRY (overvalued). Cautious scenario 65.92 TRY, optimistic scenario 165.03 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS reported trailing-twelve-month revenue of about 4.5B TRY (latest available figure, as of Sep 13, 2026).
Does Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS pay a dividend?
Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS currently shows a dividend yield of about 0.01% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
For today's price to be fair in a discounted-cash-flow model, Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS would have to grow free cash flow by +35.6 % per year for five years (discount rate 17.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +54.4 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of ORMA use?
Our models discount Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS at 17.2 %: a base by market capitalisation (micro), 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 Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS that is +35.6 % per year a year over ten years, using the same discount rate (17.2 %) and the same formula as our fair value.
How much growth has Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA) delivered so far?
Over the past 5 years revenue at Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS grew +54.4 % a year. The price currently implies +35.6 % 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 Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (+35.6 % 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 Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
The free-cash-flow yield on the price is 5.07 %: that much free cash flow Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS produces per unit of market value. When it exceeds the discount rate of our models (17.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS it is 104.55 TRY per share (as of Sep 13, 2026), against a price of 146.20 TRY. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, ORMA trades above its calculated fair value: price 146.20 TRY, fair value 104.55 TRY, a gap of about −28% (overvalued). 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 ORMA?
No. The price is what the market pays today (146.20 TRY); the fair value is what the company's own numbers justify (104.55 TRY). For Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS the two are 41.65 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS worth?
The market values Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS at about 4.4B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 146.20 TRY; our models calculate a fair value of 104.55 TRY per share.
What do the bullish and bearish scenarios say about ORMA?
Our models span a range for Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS: cautious scenario 65.92 TRY, base 104.55 TRY, optimistic 165.03 TRY per share (as of Sep 13, 2026, price 146.20 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
Balance-sheet figures for Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (as of Sep 13, 2026): return on equity −0.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is ORMA from its 52-week high?
Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS trades at 146.20 TRY, about 40% below its 52-week high of 241.90 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 104.55 TRY is for.
Which stocks are comparable to Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS?
From the same area (Basic Materials) we also value Simpson Manufacturing Co, West Fraser Timber Co, UFP Industries, Inc, Stella-Jones Inc, 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 Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS stock attractive at the current price?
The data as of Sep 13, 2026: price 146.20 TRY, calculated fair value 104.55 TRY (−28%), Quality Score 34/100, from 15 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 ORMA calculated?
We run Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS through 15 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 104.55 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. Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS itself currently trades above fair value. 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 Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
The closing price on Sep 15, 2026 was 146.20 TRY. Our model-based fair value is 104.55 TRY, about −28% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS right now?
Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (65.92 TRY to 165.03 TRY) leaves room in how you read the outcome.
Key figures of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS
How large is the market capitalisation of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
The market capitalisation of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS is 4.4B TRY (≈ $89.7M). 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 Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
The price-to-sales ratio of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS is 0.98 (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 Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
Earnings per share at Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS are −0.8000 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
The dividend yield of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS is 0.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
The net margin of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS is −0.5% (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 Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
The return on equity (ROE) of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS is −0.3% (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 Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
On an EBIT basis the return on assets of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS is 5.0% (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 Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
The operating margin of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS is 3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
Revenue at Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS is growing −0.7% versus a year earlier (3y avg +32.0%). 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 Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA)?
Earnings per share at Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS are growing +82.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA) carry?
The net debt of Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS is 2.5B TRY (fiscal year 2025, ≈ 12.1 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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