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Europap Tezol Kagit Sanayi ve Ticaret A.S. (TEZOL) Fair Value & Analysis

Basic Materials · TR · Market cap 5.2B TRY

ET Europap Tezol Kagit Sanayi ve Ticaret A.S. TEZOL · IS
Price10.31 TRY
Fair Value7.27 TRY
Upside-29.5%
Quality40/100
Mixed Growth
Thin margins · 2.8% net margin
Low debt · generates free cash flow
Trails peers (3/14)
Narrow moat 20/100
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Evidence: High Range 7.27 TRY – 7.78 TRY Share as image

Fair value as of: Aug 1, 2026

From 24 valuation models · updated today

Share price −34.3% over the past month.

What matters now

  • The price sits above even our optimistic bull case (7.78 TRY). The favourable scenario is already priced in.
  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The models converge in a tight band (7.27 TRY to 7.78 TRY), unusually little disagreement for a valuation.

Price vs Fair Value (12 months)

20.14 TRY 10.31 TRY Fair Value 7.27 TRY Aug 2025 Jul 2026

12‑month range 10.31 TRY – 20.14 TRY · fair‑value band 7.27 TRY – 7.78 TRY · the 10.31 TRY price screens above the 7.27 TRY fair value. As of Aug 1, 2026.

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Analysis

Europap Tezol Kagit Sanayi ve Ticaret A.S. (TEZOL) currently trades at 10.31 TRY, while our model-based Fair Value estimate is 7.27 TRY, implying the stock looks roughly 29.5% overvalued today. We read business quality at 40/100 (below-average quality), in the Basic Materials 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: high).

Over the trailing twelve months, Europap Tezol Kagit Sanayi ve Ticaret A.S. generated revenue of 5.5B TRY at a net margin of 2.8%. Revenue declined 8.0% year over year. It earns a return on equity of 2.6%. Net debt stands at 110M TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 7.27 TRY (bear case) to 7.78 TRY (bull case); at 10.31 TRY, the current price sits above that range. The share trades about 49% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 19% fair-value upside, at -29%, TEZOL screens richer than that median.

Key figures & financial health

Revenue (TTM) 5.5B TRY
Revenue growth (YoY) -8.0%
Net margin 2.8%
Return on equity 2.6%
Free cash flow 847M TRY FY2025
P/E ratio 34.4
More key figures
Operating margin 1.9%
EPS (TTM) 0.3000 TRY
EPS growth (YoY) -62.8%
Net debt 110M TRY FY2024

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

Quality Score breakdown

Overall quality 40/100
Profitability 29
Quality Growth 36
Cashflow 81
Fin. Strength 80
Investment 33
Low Volatility 77
Momentum 17
52W Momentum 0
Net Issuance 40

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

Europap Tezol Kagit Sanayi ve Ticaret A.S. produces and sells cleaning papers and paper rolls materials in Turkey. It offers jumbo rolls, napkins, facial tissues, pocket tissues, Z-towel, dispenser towels, toilet papers, and kitchen towels under the Softy, Mare, Ecco Y.D, and Dolce brands as well as private label brands.

Full company description

Europap Tezol Kagit Sanayi ve Ticaret A.S. produces and sells cleaning papers and paper rolls materials in Turkey. It offers jumbo rolls, napkins, facial tissues, pocket tissues, Z-towel, dispenser towels, toilet papers, and kitchen towels under the Softy, Mare, Ecco Y.D, and Dolce brands as well as private label brands. The company was incorporated in 1969 and is based in Izmir, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Europap Tezol Kagit Sanayi ve Ticaret A.S. reported revenue of 5.6B TRY in FY2025 versus 878M TRY in FY2021, a compound +58.8%/yr. Reported net income was 183M TRY in FY2025, compounding −7.9%/yr from FY2021.

Revenue +58.8%/yr
FY21 878M TRY
FY22 2.4B TRY
FY23 5.3B TRY
FY24 6.6B TRY
FY25 5.6B TRY
Net income −7.9%/yr
FY21 255M TRY
FY22 728M TRY
FY23 37.9M TRY
FY24 191M TRY
FY25 183M TRY

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Cite: Fair Value Calculator (2026). "Europap Tezol Kagit Sanayi ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/TEZOL

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 / 25
FUTURE 0 / 7
PAST 10 / 13
HEALTH 99 / 91
DIVIDEND 0 / 41

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 Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Aug 1, 2026).

Stock Price Fair Value vs Fair Value
Klabin S.A KLBN11 R$16.93 R$3.33 -80%
UPM-Kymmene Oyj UPMKF $26.01 $17.64 -32%
Suzano S.A SUZB3 R$42.04 R$137.84 +228%
Svenska Cellulosa Aktiebolaget SCA (publ) SCAA kr 101.50 kr 45.12 -56%
Shandong Sunpaper Co 002078 ¥12.75 ¥17.29 +36%
Holmen AB HLMMF $35.72 $28.52 -20%
Mondi plc MNODF $9.70 $9.16 -6%
Oji Holdings OJIPY $55.39 $66.13 +19%
Nine Dragons Paper (Holdings) Limited 2689 HK$7.04 HK$8.99 +28%
Empresas CMPC S.A CMPC 1,043 CLP 1,263 CLP +21%

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Frequently asked questions

Is Europap Tezol Kagit Sanayi ve Ticaret A.S. (TEZOL) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 7.27 TRY versus a price of 10.31 TRY, about −29% (overvalued).
What is the fair value of TEZOL?
Our model-based fair value for Europap Tezol Kagit Sanayi ve Ticaret A.S. is 7.27 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 10.31 TRY.
What is the quality score of TEZOL?
Europap Tezol Kagit Sanayi ve Ticaret A.S. has a Quality Score of 40/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Europap Tezol Kagit Sanayi ve Ticaret A.S. (TEZOL)?
Europap Tezol Kagit Sanayi ve Ticaret A.S. reported trailing-twelve-month revenue of about 5.5B TRY (latest available figure, as of Aug 1, 2026).
What is the net profit margin of TEZOL?
The net profit margin of Europap Tezol Kagit Sanayi ve Ticaret A.S. is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. 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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