Turkiye Sise ve Cam Fabrikalari AS (SISE) fair value: what the stock is really worth
We calculate from audited financials what Turkiye Sise ve Cam Fabrikalari 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 6.86 TRY – 54.06 TRY · fair‑value band 50.86 TRY – 75.91 TRY · the 42.40 TRY price screens below the 50.86 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.
Türkiye Sise Ve Cam Fabrikalari A.S. manufactures and sells glass products. The company operates through six segments: Architectural Glass, Industrial Glass, Glass Packaging, Glassware, Chemicals, and Energy and Others.
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Türkiye Sise Ve Cam Fabrikalari A.S. manufactures and sells glass products. The company operates through six segments: Architectural Glass, Industrial Glass, Glass Packaging, Glassware, Chemicals, and Energy and Others. The company offers architectural glass products, such as flat, patterned, mirror, laminated, coated, solar power, and home appliance glass products; automotive glass products; and energy glass products. It also produces and sells glassware, as well as glass packaging products for various industries, including food, beverages, pharmaceuticals, and cosmetics; and retails glass, ceramics, porcelain, and wood and steel tableware and kitchenware, and home decoration items under the Life and Boutique concepts through Pasabahçe stores located in Turkey and international markets, as well as through online sales channels. In addition, the company produces and sells soda ash and chromium chemicals, vitamin K3 derivatives, and sodium metabisulfite to food, textiles, mining, water treatment, construction chemicals, and leather industries; glass fibers; and manufactures glass for automobiles, and light and heavy commercial vehicles. Further, it is involved in the mining of silica sand, feldspar, limestone, dolomite, kaolin, and quartzite; generation and sale of electricity; wholesale and trading of natural gas; glass recycling and waste collection activities; and production and trading of soda goods, as well as offers finance and investment, and insurance agency services. The company operates in Turkey, Germany, Italy, Bulgaria, Romania, Slovakia, Hungary, Bosnia and Herzegovina, Russia, Georgia, Ukraine, Egypt, India, the United States. The company was founded in 1935 and is headquartered in Istanbul, Turkey. Türkiye Sise Ve Cam Fabrikalari A.S. operates as a subsidiary of Türkiye Is Bankasi A.S.
Stock analysis
Turkiye Sise ve Cam Fabrikalari AS (SISE) currently trades at 42.40 TRY, while our model-based Fair Value estimate is 50.86 TRY, implying the stock looks roughly 16.6% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 67.93 TRY per share, and 8 of the 10 models we run sit above the 42.40 TRY price.
Bear case: the Growth DCF group reads lowest at 8.99 TRY, and 2 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 50.86 TRY (bear) to 75.91 TRY (bull), the price of 42.40 TRY sits below 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 39/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Turkiye Sise ve Cam Fabrikalari AS reported revenue of 225B TRL in FY2025 versus 32.1B TRL in FY2021, a compound +62.7%/yr. Reported net income was 9.9B TRL in FY2025, compounding +2.0%/yr from FY2021.
Key figures
Market cap 130B TRY (≈ $2.7B) · P/E ratio 11.2 · P/S ratio 0.49 · EPS (TTM) 3.77 TRY · Net margin 4.4% · Return on equity 3.6% · Return on assets (EBIT) 4.0% · Operating margin −0.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at 20%, SISE screens cheaper than that median.
Fair Value models
Bear 50.86 TRYFair Value 50.86 TRYBull 75.91 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 9 months old). Earnings retained since then (2.68 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.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−7.6%
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.
+33.0%
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.
+60.1%
Revenue growth 25 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.
−27.4%
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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.
+30.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+30.7%
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.13% → 0%
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
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).
+44.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+26.6%
Yearly sales growth analysts expect, extended to five years.
Compare Turkiye Sise ve Cam Fabrikalari 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.Conglomerates · 377 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside+50% · Above median
Profitability
Return on equity (TTM)4% · Below median
Return on assets0% · Below median
Net margin (TTM)5% · Above median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth−3% · Below median
Dividend yield (TTM)1.5% · Below median
Balance sheet
Debt / equity0.40× · Above median
Valuation Multiplesvs Conglomerates 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). "Turkiye Sise ve Cam Fabrikalari AS Fair Value". https://www.fairvalue-calculator.com/stock/SISE
Frequently asked questions
Is Turkiye Sise ve Cam Fabrikalari AS (SISE) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 50.86 TRY versus a price of 42.40 TRY, about +20% upside (undervalued).
What is the fair value of SISE?
Our model-based fair value for Turkiye Sise ve Cam Fabrikalari AS is 50.86 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 42.40 TRY.
What is the quality score of SISE?
Turkiye Sise ve Cam Fabrikalari AS has a Quality Score of 39/100. 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 Turkiye Sise ve Cam Fabrikalari AS (SISE)?
Our model-based price target is the fair value of 50.86 TRY (as of Sep 13, 2026) from 10 valuation models. Cautious scenario 50.86 TRY, optimistic scenario 75.91 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Turkiye Sise ve Cam Fabrikalari AS stock forecast for 2026?
Our models put fair value at 50.86 TRY, about +20% upside versus a price of 42.40 TRY (undervalued). Cautious scenario 50.86 TRY, optimistic scenario 75.91 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Turkiye Sise ve Cam Fabrikalari AS (SISE)?
Turkiye Sise ve Cam Fabrikalari AS reported trailing-twelve-month revenue of about 223B TRY (latest available figure, as of Sep 13, 2026).
What growth is priced into Turkiye Sise ve Cam Fabrikalari AS (SISE)?
For today's price to be fair in a discounted-cash-flow model, Turkiye Sise ve Cam Fabrikalari AS would have to grow free cash flow by +44.4 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +60.1 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of SISE use?
Our models discount Turkiye Sise ve Cam Fabrikalari AS at 14.2 %: a base by market capitalisation (mid), 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 Turkiye Sise ve Cam Fabrikalari AS that is +44.4 % per year a year over ten years, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has Turkiye Sise ve Cam Fabrikalari AS (SISE) delivered so far?
Over the past 5 years revenue at Turkiye Sise ve Cam Fabrikalari AS grew +60.1 % a year. The price currently implies +44.4 % 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 Turkiye Sise ve Cam Fabrikalari AS (SISE) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Turkiye Sise ve Cam Fabrikalari AS (+44.4 % 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 Turkiye Sise ve Cam Fabrikalari AS (SISE)?
The free-cash-flow yield on the price is 3.01 %: that much free cash flow Turkiye Sise ve Cam Fabrikalari AS produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Turkiye Sise ve Cam Fabrikalari AS (SISE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Turkiye Sise ve Cam Fabrikalari AS it is 50.86 TRY per share (as of Sep 13, 2026), against a price of 42.40 TRY. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Turkiye Sise ve Cam Fabrikalari AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, SISE trades below its calculated fair value: price 42.40 TRY, fair value 50.86 TRY, a gap of about +20% (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 SISE?
No. The price is what the market pays today (42.40 TRY); the fair value is what the company's own numbers justify (50.86 TRY). For Turkiye Sise ve Cam Fabrikalari AS the two are 8.46 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Turkiye Sise ve Cam Fabrikalari AS worth?
The market values Turkiye Sise ve Cam Fabrikalari AS at about 130B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 42.40 TRY; our models calculate a fair value of 50.86 TRY per share.
What do the bullish and bearish scenarios say about SISE?
Our models span a range for Turkiye Sise ve Cam Fabrikalari AS: cautious scenario 50.86 TRY, base 50.86 TRY, optimistic 75.91 TRY per share (as of Sep 13, 2026, price 42.40 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SISE?
Turkiye Sise ve Cam Fabrikalari AS trades at a price-to-earnings ratio of 11.2 (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 50.86 TRY is built from several models across several years. Other multiples: PEG 0.7, P/B 0.5, P/S 0.6, EV/EBITDA 11.4.
What is the PEG ratio of SISE?
The PEG ratio of Turkiye Sise ve Cam Fabrikalari AS is 0.67 (P/E divided by earnings growth, as of Sep 13, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Turkiye Sise ve Cam Fabrikalari AS (SISE)?
Balance-sheet figures for Turkiye Sise ve Cam Fabrikalari AS (as of Sep 13, 2026): return on equity 3.6%, debt of 0.40 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is SISE from its 52-week high?
Turkiye Sise ve Cam Fabrikalari AS trades at 42.40 TRY, about 21% below its 52-week high of 53.40 TRY and 32% above the low of 32.02 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 50.86 TRY is for.
Which stocks are comparable to Turkiye Sise ve Cam Fabrikalari AS?
From the same area (Industrials) we also value ITOCHU Corporation, 3M Company, Honeywell International Inc, CITIC 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 Turkiye Sise ve Cam Fabrikalari AS stock attractive at the current price?
The data as of Sep 13, 2026: price 42.40 TRY, calculated fair value 50.86 TRY (+20%), Quality Score 39/100, 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 SISE calculated?
We run Turkiye Sise ve Cam Fabrikalari 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 50.86 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. Turkiye Sise ve Cam Fabrikalari AS currently trades 20 % 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 Turkiye Sise ve Cam Fabrikalari AS (SISE)?
The closing price on Sep 15, 2026 was 42.40 TRY. Our model-based fair value is 50.86 TRY, about +20% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Turkiye Sise ve Cam Fabrikalari AS right now?
The price is below even our cautious bear case (50.86 TRY). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Turkiye Sise ve Cam Fabrikalari AS
How large is the market capitalisation of Turkiye Sise ve Cam Fabrikalari AS (SISE)?
The market capitalisation of Turkiye Sise ve Cam Fabrikalari AS is 130B TRY (≈ $2.7B). 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 Turkiye Sise ve Cam Fabrikalari AS (SISE)?
The price-to-sales ratio of Turkiye Sise ve Cam Fabrikalari AS is 0.49 (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 Turkiye Sise ve Cam Fabrikalari AS (SISE)?
Earnings per share at Turkiye Sise ve Cam Fabrikalari AS are 3.77 TRY (price ÷ EPS = P/E 11.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Turkiye Sise ve Cam Fabrikalari AS (SISE)?
The net margin of Turkiye Sise ve Cam Fabrikalari AS is 4.4% (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 Turkiye Sise ve Cam Fabrikalari AS (SISE)?
The return on equity (ROE) of Turkiye Sise ve Cam Fabrikalari AS is 3.6% (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 Turkiye Sise ve Cam Fabrikalari AS (SISE)?
On an EBIT basis the return on assets of Turkiye Sise ve Cam Fabrikalari AS is 4.0% (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 Turkiye Sise ve Cam Fabrikalari AS (SISE)?
The operating margin of Turkiye Sise ve Cam Fabrikalari AS is −0.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Turkiye Sise ve Cam Fabrikalari AS (SISE)?
Revenue at Turkiye Sise ve Cam Fabrikalari AS is growing −3.4% versus a year earlier (3y avg +33.0%). 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 Turkiye Sise ve Cam Fabrikalari AS (SISE)?
Earnings per share at Turkiye Sise ve Cam Fabrikalari AS are growing +32.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Turkiye Sise ve Cam Fabrikalari AS (SISE) carry?
The net debt of Turkiye Sise ve Cam Fabrikalari AS is 120B TRY (fiscal year 2025, ≈ 30.7 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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