Aksa Akrilik Kimya Sanayii Valuation

Q: What is the Fair Price of AKSA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AKSA (TRY9.06) is trading above our estimate of [[fair value]] (TRY2.68)

Is AKSA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AKSA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AKSA (TRY9.06) is trading above our estimate of fair value (TRY2.68)

Significantly Below Fair Value: AKSA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AKSA?

Key metric: As AKSA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AKSA. This is calculated by dividing AKSA's market cap by their current earnings.
What is AKSA's PE Ratio?
PE Ratio	12.7x
Earnings	₺2.78b
Market Cap	₺35.20b

AKSA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.9x
Enterprise Value/EBITDA	11.1x
PEG Ratio	4.6x

Price to Earnings Ratio vs Peers

How does AKSA's PE Ratio compare to its peers?

The above table shows the PE ratio for AKSA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	34.1x
BOSSA Bossa Ticaret ve Sanayi Isletmeleri T.A.S	27.5x	n/a	₺9.0b
IEYHO Isiklar Enerji ve Yapi Holding	65.4x	n/a	₺5.7b
ATEKS Akin Tekstil Anonim Sirketi	34.9x	n/a	₺4.3b
SANKO Sanko Pazarlama Ithalat Ihracat Anonim Sirketi	8.4x	n/a	₺3.8b
AKSA Aksa Akrilik Kimya Sanayii	12.7x	2.7%	₺35.2b

Price-To-Earnings vs Peers: AKSA is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (34.1x).

Price to Earnings Ratio vs Industry

How does AKSA's PE Ratio compare vs other companies in the TR Luxury Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
ARSAN Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi	4.2x	n/a	US$139.77m
MNDRS Menderes Tekstil Sanayi ve Ticaret Anonim Sirketi	4.1x	n/a	US$88.69m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: AKSA is good value based on its Price-To-Earnings Ratio (12.7x) compared to the TR Luxury industry average (22.2x).

Price to Earnings Ratio vs Fair Ratio

What is AKSA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AKSA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.7x
Fair PE Ratio	2.9x

Price-To-Earnings vs Fair Ratio: AKSA is expensive based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (2.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AKSA forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	₺9.06	₺12.40 +36.9%	3.2%	₺12.80	₺12.00	n/a	2
Nov ’25	₺8.46	₺12.40 +46.6%	3.2%	₺12.80	₺12.00	n/a	2
Oct ’25	₺8.94	₺13.40 +49.9%	4.5%	₺14.00	₺12.80	n/a	2
Sep ’25	₺8.93	₺13.67 +53.0%	2.5%	₺14.00	₺13.33	n/a	2
Aug ’25	₺10.32	₺12.69 +22.9%	5.2%	₺13.33	₺11.79	n/a	3
Jul ’25	₺10.71	₺12.69 +18.5%	5.2%	₺13.33	₺11.79	n/a	3
Jun ’25	₺9.88	₺12.69 +28.5%	5.2%	₺13.33	₺11.79	n/a	3
May ’25	₺9.70	₺11.01 +13.5%	2.4%	₺11.28	₺10.75	n/a	2
Apr ’25	₺8.42	₺11.22 +33.3%	0.5%	₺11.28	₺11.17	n/a	2
Mar ’25	₺8.92	₺11.22 +25.9%	0.5%	₺11.28	₺11.17	n/a	2
Feb ’25	₺7.90	₺10.81 +36.9%	4.4%	₺11.28	₺10.33	n/a	2
Jan ’25	₺8.58	₺10.81 +25.9%	4.4%	₺11.28	₺10.33	n/a	2
Dec ’24	₺7.29	₺10.81 +48.2%	4.4%	₺11.28	₺10.33	n/a	2
Nov ’24	₺7.69	₺9.70 +26.1%	16.3%	₺11.28	₺8.12	₺8.46	2
Oct ’24	₺8.56	₺7.69 -10.1%	5.5%	₺8.12	₺7.27	₺8.94	2
Sep ’24	₺6.73	₺7.69 +14.3%	5.5%	₺8.12	₺7.27	₺8.93	2
Aug ’24	₺7.25	₺7.69 +6.0%	5.5%	₺8.12	₺7.27	₺10.32	2
Jul ’24	₺6.03	₺7.69 +27.5%	5.5%	₺8.12	₺7.27	₺10.71	2
Jun ’24	₺5.45	₺7.69 +41.0%	5.5%	₺8.12	₺7.27	₺9.88	2
May ’24	₺5.47	₺7.69 +40.6%	5.5%	₺8.12	₺7.27	₺9.70	2
Apr ’24	₺5.98	₺7.79 +30.3%	6.7%	₺8.32	₺7.27	₺8.42	2
Mar ’24	₺7.48	₺7.79 +4.3%	6.7%	₺8.32	₺7.27	₺8.92	2
Feb ’24	₺6.28	₺7.46 +18.9%	2.8%	₺7.67	₺7.25	₺7.90	2
Jan ’24	₺7.66	₺7.46 -2.6%	2.8%	₺7.67	₺7.25	₺8.58	2
Dec ’23	₺7.27	₺7.46 +2.6%	2.8%	₺7.67	₺7.25	₺7.29	2
Nov ’23	₺5.95	₺6.33 +6.4%	14.5%	₺7.25	₺5.42	₺7.69	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.