Ayes Celik Hasir Ve Cit Sanayi Valuation

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

AYES (TRY9.5) is trading above our estimate of [[fair value]] (TRY0.33)

Is AYES 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: AYES (TRY9.5) is trading above our estimate of fair value (TRY0.33)

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

Key Valuation Metric

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

Key metric: As AYES is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AYES. This is calculated by dividing AYES's market cap by their current revenue.
What is AYES's PS Ratio?
PS Ratio	0.2x
Sales	₺6.44b
Market Cap	₺1.43b

AYES 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	0.2x
Enterprise Value/EBITDA	17.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does AYES's PS Ratio compare to its peers?

The above table shows the PS ratio for AYES vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.1x
BMSCH Bms Celik Hasir Sanayi Ve Ticaret Anonim Sirketi	0.7x	n/a	₺1.1b
DMSAS Demisas Döküm Emaye Mamülleri Sanayi Anonim Sirketi	0.6x	n/a	₺1.6b
CEMAS Çemas Döküm Sanayi	1.7x	n/a	₺2.6b
YKSLN Yukselen Celik Anonim Sirketi	1.3x	n/a	₺1.8b
AYES Ayes Celik Hasir Ve Cit Sanayi	0.2x	n/a	₺1.4b

Price-To-Sales vs Peers: AYES is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does AYES's PS Ratio compare vs other companies in the TR Metals and Mining Industry?

0 Companies	Price / Sales	Estimated Growth	Market Cap

No more companies available in this PS range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: AYES is good value based on its Price-To-Sales Ratio (0.2x) compared to the TR Metals and Mining industry average (1x).

Price to Sales Ratio vs Fair Ratio

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

AYES PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate AYES's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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