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Sanica Isi Sanayi A.S. (SNICA) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 2.1B TRY

SI Sanica Isi Sanayi A.S. SNICA · IS
Price3.53 TRY
Fair Value1.11 TRY
Upside-68.6%
Quality31/100
Mixed Growth
Loss-making · -22.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/10)
Narrow moat 32/100
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Evidence: Medium Range 0.7500 TRY – 2.19 TRY Share as image

Fair value as of: Aug 1, 2026

From 13 valuation models · updated today

Share price −18.5% over the past month.

What matters now

  • The price sits above even our optimistic bull case (2.19 TRY). The favourable scenario is already priced in.
  • Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (0.7500 TRY to 2.19 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (12 months)

5.70 TRY 3.51 TRY Fair Value 1.11 TRY Aug 2025 Jul 2026

12‑month range 3.51 TRY – 5.70 TRY · fair‑value band 0.7500 TRY – 2.19 TRY · the 3.53 TRY price screens above the 1.11 TRY fair value. As of Aug 1, 2026.

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Analysis

Sanica Isi Sanayi A.S. (SNICA) currently trades at 3.53 TRY, while our model-based Fair Value estimate is 1.11 TRY, implying the stock looks roughly 68.6% overvalued today. We read business quality at 31/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Sanica Isi Sanayi A.S. generated revenue of 3.2B TRY at a net margin of -22.5%. Revenue grew 4.6% year over year. It earns a return on equity of -19.4%. Net debt stands at 1.0B TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 0.7500 TRY (bear case) to 2.19 TRY (bull case); at 3.53 TRY, the current price sits above that range. The share trades about 39% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 36% fair-value upside, at -69%, SNICA screens richer than that median.

Key figures & financial health

Revenue (TTM) 3.2B TRY
Revenue growth (YoY) +4.6%
Net margin -22.5%
Return on equity -19.4%
Free cash flow 47.8M TRY FY2025
Operating margin 28.2%
More key figures
EPS (TTM) -1.21 TRY
EPS growth (YoY) -78.2%
Net debt 1.0B TRY FY2025

Figures from reported company fundamentals · as of Aug 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100
Profitability 6
Quality Growth 23
Cashflow 17
Fin. Strength 35
Investment 31
Low Volatility 67
Momentum 26
52W Momentum 7
Net Issuance 82

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Sanica Isi Sanayi A.S. produces and sells radiators, towel warmers, boilers, built-in reservoirs, control panels, and underground and aboveground pipes in Türkiye.

Full company description

Sanica Isi Sanayi A.S. produces and sells radiators, towel warmers, boilers, built-in reservoirs, control panels, and underground and aboveground pipes in Türkiye. The company offers condensing and combi boilers; standard and design panel radiators; aluminum, stainless steel, steel design, and column radiators, as well as accessories; and standard and dizayn towel rails. It also provides pipe, heating, bathroom, and infrastructure products. The company sells its products under the Sanica brand. Sanica Isi Sanayi A.S. was incorporated in 1982 and is headquartered in Istanbul, Turkey.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sanica Isi Sanayi A.S. reported revenue of 3.3B TRY in FY2025 versus 713M TRY in FY2021, a compound +47.2%/yr. Reported net income was −860M TRY in FY2025.

Revenue +47.2%/yr
FY21 713M TRY
FY22 2.5B TRY
FY23 3.2B TRY
FY24 3.3B TRY
FY25 3.3B TRY
Net income
FY21 79.5M TRY
FY22 197M TRY
FY23 527M TRY
FY24 −753M TRY
FY25 −860M TRY

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Cite: Fair Value Calculator (2026). "Sanica Isi Sanayi A.S. Fair Value". https://www.fairvalue-calculator.com/stock/SNICA

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 / 17
FUTURE 23 / 0
PAST 0 / 17
HEALTH 98 / 98
DIVIDEND 0 / 55

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 1, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥81.69 ¥128.24 +57%
Haier Smart Home Co QIHCF $2.42 $3.30 +36%
Gree Electric Appliances, Inc 000651 ¥38.46 ¥86.03 +124%
King Slide Works Co 2059 5,620 TWD 3,359 TWD -40%
Guangdong Songfa Ceramics Co 603268 ¥152.20 ¥38.95 -74%
SharkNinja, Inc SN $138.56 $92.55 -33%
Mohawk Industries, Inc M1HK34 R$21.86 R$4.10 -81%
Hisense Home Appliances Group 000921 ¥28.47 ¥57.22 +101%
Zhejiang Supor Co 002032 ¥40.59 ¥44.84 +10%
COWAY Co 021240 94,200 KRW 153,768 KRW +63%

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Frequently asked questions

Is Sanica Isi Sanayi A.S. (SNICA) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 1.11 TRY versus a price of 3.53 TRY, about −69% (overvalued).
What is the fair value of SNICA?
Our model-based fair value for Sanica Isi Sanayi A.S. is 1.11 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 3.53 TRY.
What is the quality score of SNICA?
Sanica Isi Sanayi A.S. has a Quality Score of 31/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Sanica Isi Sanayi A.S. (SNICA)?
Sanica Isi Sanayi A.S. reported trailing-twelve-month revenue of about 3.2B TRY (latest available figure, as of Aug 1, 2026).
What is the net profit margin of SNICA?
The net profit margin of Sanica Isi Sanayi A.S. is about -22.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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