Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS stock TRY 1.58, price TRY 3.08, upside -48.7%, quality 36 out of 100. Rating: strongly 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 1.18 TRY – 24.03 TRY · fair‑value band 1.40 TRY – 1.58 TRY · the 3.08 TRY price screens above the 1.58 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.
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Saray Matbaacilik Kagitçilik kirtasiyecilik Ticaret Ve Sanayi A.S. engages in the production and sale of stationery products in Turkey.
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The company provides paper products, including woodfree offset printing, coated, photocopy, and book papers; exercise books, such as PP cover, wire-o-spiral, single spiral, soft cover, spiral binding, stapled binding, glued binding, and hard cover notebooks; and calendars.
It also provides a range of services comprising printing preparation, pre printing, and after printing, as well as paper sheeting services; and sheet-fed offset, web offset, and continuous form printing systems.
In addition, it provides food packaging products comprising paper bag for pastries, simit, and pita bread; baklava, cake, and tart boxes; black sea pita bread, hamburger, and chip boxes; polyethylene-coated paper for paper plates and cups; metallized lid for aluminum food containers; and polyethylene butcher paper.
The company offers its products and services under the Yildiz Yayincilik, Vizyon, Papicat, and SRY,BIL brands. It exports its products to England, Sweden, Hungary, Greece, and Israel. The company was founded in 1982 and is based in Ankara, Turkey.
Stock analysis
Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT) currently trades at 3.08 TRY, while our model-based Fair Value estimate is 1.58 TRY, 48.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 2.39 TRY per share, and 1 of the 10 models we run sit above the 3.08 TRY price.
Bear case: the Earnings-Based group reads lowest at 0.3300 TRY, and 9 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1.40 TRY (bear) to 1.58 TRY (bull), the price of 3.08 TRY sits above 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 36/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS reported revenue of 293M TRY in FY2023 versus 115M TRY in FY2019, a compound +26.3%/yr. Reported net income was 5.9M TRY in FY2023.
Key figures
Market cap 346M TRY (≈ $6.9M) Micro · P/E ratio 102.7 · P/S ratio 2.05 · EPS (TTM) 0.0300 TRY · Net margin 2.0% · Return on equity 23.7% · Return on assets (EBIT) 6.5% · Operating margin 59.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (medium confidence).
What moves the price
The share trades about 62% 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 −11% fair-value upside, at −49%, SAMAT screens richer than that median.
Fair Value models
Bear1.40 TRYFair Value 1.58 TRYBull1.58 TRY
Price 3.08 TRY · Upside -48.7%
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.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.54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−57.4%
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.
+42.8%
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.
+22.5%
Revenue growth 13 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.
+16.5%
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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.
+4.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.5%
Dividend (yield on the price)0.0%
Profit margin 2018 to 2023 ⓘ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.8% → −2%
Compare Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi 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.Specialty Business Services · 231 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−49.8% · Bottom 25%
Profitability
Return on equity (12 months)23.7% · Top 25%
Return on assets1.3% · Below median
Net margin (12 months)2.0% · Below median
Operating margin (12 months)59.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)15.8% · Above median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/E (12 months)102.7× · Priciest 25%
P/B1.13× · Cheaper than median
P/S (12 months)9.57× · Priciest 25%
EV/EBITDA47.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 43
FUTURE (revenue growth)79· sector 34
PAST (return on equity)95· sector 37
HEALTH (low debt)100· sector 94
DIVIDEND (yield)0· sector 55
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). "Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS Fair Value". https://www.fairvalue-calculator.com/stock/SAMAT
Frequently asked questions
Is Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 1.58 TRY versus a price of 3.08 TRY, about −49% upside (overvalued).
What is the fair value of SAMAT?
Our model-based fair value for Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS is 1.58 TRY (as of Oct 29, 2026), built from audited fundamentals. The current price: 3.08 TRY.
What is the quality score of SAMAT?
Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS has a Quality Score of 36/100. 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 Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT)?
Our model-based price target is the fair value of 1.58 TRY (as of Oct 29, 2026) from 10 valuation models. Cautious scenario 1.40 TRY, optimistic scenario 1.58 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS stock forecast for 2026?
Our models put fair value at 1.58 TRY, about −49% upside versus a price of 3.08 TRY (overvalued). Cautious scenario 1.40 TRY, optimistic scenario 1.58 TRY. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS it is 1.58 TRY per share (as of Oct 29, 2026), against a price of 3.08 TRY. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS stock overvalued or undervalued in 2026?
As of Oct 29, 2026, SAMAT trades above its calculated fair value: price 3.08 TRY, fair value 1.58 TRY, a gap of about −49% (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 SAMAT?
No. The price is what the market pays today (3.08 TRY); the fair value is what the company's own numbers justify (1.58 TRY). For Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS the two are 1.50 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS worth?
The market values Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS at about 346M TRY (market capitalisation, as of Oct 29, 2026). Per share that is 3.08 TRY; our models calculate a fair value of 1.58 TRY per share.
What do the bullish and bearish scenarios say about SAMAT?
Our models span a range for Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS: cautious scenario 1.40 TRY, base 1.58 TRY, optimistic 1.58 TRY per share (as of Oct 29, 2026, price 3.08 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SAMAT?
Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS trades at a price-to-earnings ratio of 102.7 (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 1.58 TRY is built from several models across several years. Other multiples: P/B 1.1, P/S 9.6, EV/EBITDA 47.7.
How solid is the balance sheet of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT)?
Balance-sheet figures for Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (as of Oct 29, 2026): return on equity 23.7%. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is SAMAT from its 52-week high?
Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS trades at 3.08 TRY, about 62% below its 52-week high of 8.01 TRY and at the low of 3.08 TRY (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 1.58 TRY is for.
Which stocks are comparable to Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments 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 Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS stock attractive at the current price?
The data as of Oct 29, 2026: price 3.08 TRY, calculated fair value 1.58 TRY (−49%), Quality Score 36/100, from 10 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 SAMAT calculated?
We run Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS through 10 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 1.58 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. Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi 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 Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT)?
The closing price on Oct 30, 2026 was 3.08 TRY. Our model-based fair value is 1.58 TRY, about −49% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS right now?
The price sits above even our optimistic bull case (1.58 TRY). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. The models converge in a tight band (1.40 TRY to 1.58 TRY), unusually little disagreement for a valuation.
Key figures of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS
How large is the market capitalisation of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT)?
The market capitalisation of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS is 346M TRY (≈ $6.9M). 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 Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT)?
The price-to-sales ratio of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS is 2.05 (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 Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT)?
Earnings per share at Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS are 0.0300 TRY (price ÷ EPS = P/E 102.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT)?
The net margin of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS is 2.0% (fiscal year 2023). 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 Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT)?
The return on equity (ROE) of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS is 23.7% (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 Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT)?
On an EBIT basis the return on assets of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS is 6.5% (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 Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT)?
The operating margin of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS is 59.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT)?
Revenue at Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS is growing +15.8% versus a year earlier (3y avg +42.8%). 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 Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT)?
Earnings per share at Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS are growing +87.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT) generate?
The free cash flow of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS is −1.5M TRY (fiscal year 2023). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS (SAMAT) carry?
The net debt of Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS is 2.6M TRY (fiscal year 2023). 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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Oct 29, 2026