Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN) fair value: what the stock is really worth
We calculate from audited financials what Panelsan Cati Cephe Sistemleri 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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Panelsan Cati Cephe Sistemleri Sanayi Ve Ticaret A.S. manufactures and sells sandwich panels, EPS insulation materials, and other products in Turkey.
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Panelsan Cati Cephe Sistemleri Sanayi Ve Ticaret A.S. manufactures and sells sandwich panels, EPS insulation materials, and other products in Turkey. The company offers facade, roof, acoustic, and cold room panels; EPS products, including thermal insulation boards, injection sheets, EPS blocks, light filling products, mold injection products, decorative ceiling coverings, and geopans; trapezoidal overlays; solar power plant solutions; and complementary products. It is also involved in manufacturing, purchase, sale, import, and production of heating, ventilation, cooling, insulation, and roofing and facade cladding materials; production, import, export, purchase, sale, and domestic trade of prefabricated thermally insulated construction elements; and the manufacturing and trade of marble, iron, cement, ready-mixed concrete, and hardware materials. The company was incorporated in 2004 and is headquartered in Ankara, Turkey.
Stock analysis
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN) currently trades at 39.60 TRY, while our model-based Fair Value estimate is 37.55 TRY, implying the stock looks roughly 5.5% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 119.77 TRY per share, and 11 of the 17 models we run sit above the 39.60 TRY price.
Bear case: the Asset-Based group reads lowest at 26.94 TRY, and 6 of the 17 models stay below the price. Evidence for this calculation is low.
Scenario range: 30.10 TRY (bear) to 67.00 TRY (bull), the price of 39.60 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 45/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS reported revenue of 2.9B TRY in FY2025 versus 605M TRY in FY2021, a compound +48.0%/yr. Reported net income was 258M TRY in FY2025, compounding +40.8%/yr from FY2021.
Key figures
Market cap 3.4B TRY (≈ $69.3M) · P/E ratio 10.3 · P/S ratio 0.91 · EPS (TTM) 3.84 TRY · Dividend yield 1.7% · Net margin 8.9% · Return on equity 10.4% · Return on assets (EBIT) 13.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at −5%, PNLSN screens cheaper than that median.
Fair Value models
Bear 30.10 TRYFair Value 37.55 TRYBull 67.00 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 (2.23 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.58/100
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.
+80.9%
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.
+75.0%
’19
’20
’21
’22
’23
’24
’25
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. Basis: EBIT basis. 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.
≈ +54.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+53.0%
Dividend (yield on the price)1.7%
Profit margin 2021 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.15% → 10%
⚠ Rate on operating basis: 2025 sits 207% above its own trend.
Compare Panelsan Cati Cephe 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.Building Products & Equipment · 249 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+64% · Top 25%
Profitability
Return on equity (TTM)10% · Above median
Return on assets5% · Above median
Net margin (TTM)9% · Top 25%
Operating margin (TTM)10% · Above median
Growth and dividend
Revenue growth24% · Top 25%
Dividend yield (TTM)1.7% · Below median
Valuation Multiplesvs Building Products & Equipment 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). "Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS Fair Value". https://www.fairvalue-calculator.com/stock/PNLSN
Frequently asked questions
Is Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 37.55 TRY versus a price of 39.60 TRY, about −5% upside (fairly valued).
What is the fair value of PNLSN?
Our model-based fair value for Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS is 37.55 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 39.60 TRY.
What is the quality score of PNLSN?
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS has a Quality Score of 45/100. 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 Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
Our model-based price target is the fair value of 37.55 TRY (as of Sep 13, 2026) from 17 valuation models. Cautious scenario 30.10 TRY, optimistic scenario 67.00 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS stock forecast for 2026?
Our models put fair value at 37.55 TRY, about −5% upside versus a price of 39.60 TRY (fairly valued). Cautious scenario 30.10 TRY, optimistic scenario 67.00 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS reported trailing-twelve-month revenue of about 3.1B TRY (latest available figure, as of Sep 13, 2026).
Does Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS pay a dividend?
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS currently shows a dividend yield of about 1.74% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS it is 37.55 TRY per share (as of Sep 13, 2026), against a price of 39.60 TRY. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, PNLSN trades above its calculated fair value: price 39.60 TRY, fair value 37.55 TRY, a gap of about −5% (fairly valued). 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 PNLSN?
No. The price is what the market pays today (39.60 TRY); the fair value is what the company's own numbers justify (37.55 TRY). For Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS the two are 2.05 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS worth?
The market values Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS at about 3.4B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 39.60 TRY; our models calculate a fair value of 37.55 TRY per share.
What do the bullish and bearish scenarios say about PNLSN?
Our models span a range for Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS: cautious scenario 30.10 TRY, base 37.55 TRY, optimistic 67.00 TRY per share (as of Sep 13, 2026, price 39.60 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PNLSN?
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS trades at a price-to-earnings ratio of 10.3 (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 37.55 TRY is built from several models across several years. Other multiples: P/B 1.1, P/S 1.1, EV/EBITDA 7.2.
How solid is the balance sheet of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
Balance-sheet figures for Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (as of Sep 13, 2026): return on equity 10.4%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is PNLSN from its 52-week high?
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS trades at 39.60 TRY, about 29% below its 52-week high of 55.73 TRY and 10% above the low of 36.08 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 37.55 TRY is for.
Which stocks are comparable to Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS stock attractive at the current price?
The data as of Sep 13, 2026: price 39.60 TRY, calculated fair value 37.55 TRY (−5%), Quality Score 45/100, from 17 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 PNLSN calculated?
We run Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS through 17 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 37.55 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. Panelsan Cati Cephe 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 Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
The closing price on Sep 14, 2026 was 39.60 TRY. Our model-based fair value is 37.55 TRY, about −5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (30.10 TRY to 67.00 TRY) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS
How large is the market capitalisation of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
The market capitalisation of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS is 3.4B TRY (≈ $69.3M). 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 Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
The price-to-sales ratio of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS is 0.91 (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 Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
Earnings per share at Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS are 3.84 TRY (price ÷ EPS = P/E 10.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
The dividend yield of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS is 1.7% (payout 17.9%). 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 Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
The net margin of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS is 8.9% (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 Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
The return on equity (ROE) of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS is 10.4% (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 Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
On an EBIT basis the return on assets of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS is 13.6% (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 Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
The operating margin of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS is 9.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
Revenue at Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS is growing +23.7% versus a year earlier (3y avg +9.2%). 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 Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)?
Earnings per share at Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS are growing +31.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN) generate?
The free cash flow of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS is −86.2M TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN) carry?
The net debt of Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS is 39.7M TRY (fiscal year 2020). 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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