Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS stock TRY 53.66, price TRY 64.55, upside -16.9%, quality 51 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
60‑month range 13.94 TRY – 174.10 TRY · fair‑value band 43.48 TRY – 75.11 TRY · the 64.55 TRY price screens above the 53.66 TRY fair value. As of Oct 29, 2026.
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Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret A.S. manufactures and sells smart cards in Turkey and internationally.
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It offers contact, contactless, and dual interface banking/payment cards; loyalty and transportation cards; e-government and ID cards; payphone and metering cards; SIM cards; and security solutions, such as PKI cards, readers, and tokens.
The company also provides security printing; card personalization; card life cycle management and processing; server hosting; and consultancy services, including card-based projects management, printing design consultancy, and card technology training services.
The company was incorporated in 2000 and is headquartered in Istanbul, Turkey. Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret A.S. is a subsidiary of Gemalto B.V.
Stock analysis
Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART) currently trades at 64.55 TRY, while our model-based Fair Value estimate is 53.66 TRY, 16.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 84.78 TRY per share, and 7 of the 21 models we run sit above the 64.55 TRY price.
Bear case: the Asset-Based group reads lowest at 8.33 TRY, and 14 of the 21 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 43.48 TRY (bear) to 75.11 TRY (bull), the price of 64.55 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 51/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS reported revenue of 2.3B TRY in FY2025 versus 341M TRY in FY2021, a compound +60.9%/yr. Reported net income was 68.9M TRY in FY2025, compounding +38.8%/yr from FY2021.
Key figures
Market cap 1.5B TRY (≈ $29.4M) Micro · P/E ratio 14.1 · P/S ratio 0.60 · EPS (TTM) 4.57 TRY · Net margin 4.2% · Return on equity 20.5% · Return on assets (EBIT) 16.8% · Operating margin 8.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 63% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at −17%, PKART screens cheaper than that median.
Fair Value models
Bear43.48 TRYFair Value 53.66 TRYBull75.11 TRY
Price 64.55 TRY · Upside -16.9%
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 (3.79 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.
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
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
+95.3%
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.
+65.7%
Revenue growth 21 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.
+32.8%
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What shareholders gained per year (last 5 years), in TRY ⓘ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. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+52.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+52.3%
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.4% → 7%
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).
+49.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Turkey: IMF forecast 19.3% a year to 2030, 28.5% from 2016 to 2025) that is about +25.3% a year for the price.
Compare Plastikkart Akilli Kart Iletisim Sistemleri 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.Business Equipment & Supplies · 80 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−16.9% · Below median
Profitability
Return on equity (12 months)20.5% · Top 25%
Return on assets8.3% · Top 25%
Net margin (12 months)4.2% · Above median
Operating margin (12 months)8.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)−16.6% · Bottom 25%
Valuation Multiplesvs Business Equipment & Supplies 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). "Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS Fair Value". https://www.fairvalue-calculator.com/stock/PKART
Frequently asked questions
Is Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 53.66 TRY versus a price of 64.55 TRY, about −17% upside (overvalued).
What is the fair value of PKART?
Our model-based fair value for Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS is 53.66 TRY (as of Oct 29, 2026), built from audited fundamentals. The current price: 64.55 TRY.
What is the quality score of PKART?
Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS has a Quality Score of 51/100. 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 Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
Our model-based price target is the fair value of 53.66 TRY (as of Oct 29, 2026) from 21 valuation models. Cautious scenario 43.48 TRY, optimistic scenario 75.11 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS stock forecast for 2026?
Our models put fair value at 53.66 TRY, about −17% upside versus a price of 64.55 TRY (overvalued). Cautious scenario 43.48 TRY, optimistic scenario 75.11 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS reported trailing-twelve-month revenue of about 2.5B TRY (latest available figure, as of Oct 29, 2026).
What growth is priced into Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
For today's price to be fair in a discounted-cash-flow model, Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS would have to grow free cash flow by +49.5 % per year for five years (discount rate 14.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +54.4 % per year. As of Oct 29, 2026.
What discount rate (WACC) does the fair value of PKART use?
Our models discount Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS at 14.1 %: a base by market capitalisation (nano), damped by beta 0.99, 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 Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS that is +49.5 % per year a year over ten years, using the same discount rate (14.1 %) and the same formula as our fair value.
How much growth has Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART) delivered so far?
Over the past 5 years revenue at Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS grew +54.4 % a year. The price currently implies +49.5 % 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 Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART) growing?
The median revenue growth in the sector is +10.8 % a year. That is the yardstick for the growth priced into Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (+49.5 % 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 Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
The free-cash-flow yield on the price is 1.17 %: that much free cash flow Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS produces per unit of market value. When it exceeds the discount rate of our models (14.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS it is 53.66 TRY per share (as of Oct 29, 2026), against a price of 64.55 TRY. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS stock overvalued or undervalued in 2026?
As of Oct 29, 2026, PKART trades above its calculated fair value: price 64.55 TRY, fair value 53.66 TRY, a gap of about −17% (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 PKART?
No. The price is what the market pays today (64.55 TRY); the fair value is what the company's own numbers justify (53.66 TRY). For Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS the two are 10.89 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS worth?
The market values Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS at about 1.5B TRY (market capitalisation, as of Oct 29, 2026). Per share that is 64.55 TRY; our models calculate a fair value of 53.66 TRY per share.
What do the bullish and bearish scenarios say about PKART?
Our models span a range for Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS: cautious scenario 43.48 TRY, base 53.66 TRY, optimistic 75.11 TRY per share (as of Oct 29, 2026, price 64.55 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PKART?
Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS trades at a price-to-earnings ratio of 14.1 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 53.66 TRY is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 24.1. Other multiples: P/B 3.1, P/S 0.6, EV/EBITDA 6.4.
How solid is the balance sheet of Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
Balance-sheet figures for Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (as of Oct 29, 2026): return on equity 20.5%. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is PKART from its 52-week high?
Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS trades at 64.55 TRY, about 63% below its 52-week high of 174.10 TRY and at the low of 64.40 TRY (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 53.66 TRY is for.
Which stocks are comparable to Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS?
From the same area (Industrials) we also value GRG Banking Equipment Co, Crane NXT, Co, Shanghai M&G Stationery Inc, XGD 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 Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS stock attractive at the current price?
The data as of Oct 29, 2026: price 64.55 TRY, calculated fair value 53.66 TRY (−17%), Quality Score 51/100, from 21 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 PKART calculated?
We run Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS through 21 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 53.66 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 13.1 % above its aggregate fair value. Plastikkart Akilli Kart Iletisim Sistemleri 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 Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
The closing price on Oct 28, 2026 was 64.55 TRY. Our model-based fair value is 53.66 TRY, about −17% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS right now?
Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS
How large is the market capitalisation of Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
The market capitalisation of Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS is 1.5B TRY (≈ $29.4M). 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 Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
The price-to-sales ratio of Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS is 0.60 (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 Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
Earnings per share at Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS are 4.57 TRY (price ÷ EPS = P/E 14.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
The net margin of Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS is 4.2% (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 Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
The return on equity (ROE) of Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS is 20.5% (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 Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
On an EBIT basis the return on assets of Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS is 16.8% (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 Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
The operating margin of Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS is 8.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
Revenue at Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS is growing −16.6% versus a year earlier (3y avg +60.3%). 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 Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)?
Earnings per share at Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS are growing +785% versus a year earlier. How much earnings per share grew versus a year earlier.
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Oct 29, 2026