Koza Altin Isletmeleri A.S.

IBSE:KOZAL Stock Report

Market Cap: ₺66.5b

Koza Altin Isletmeleri Valuation

Is KOZAL 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 KOZAL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KOZAL (TRY21.54) is trading above our estimate of fair value (TRY12.48)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KOZAL. This is calculated by dividing KOZAL's market cap by their current earnings.
What is KOZAL's PE Ratio?
PE Ratio30.5x
Earnings₺2.26b
Market Cap₺66.55b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KOZAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average46.5x
ISDMR Iskenderun Demir ve Çelik
7.5xn/a₺106.4b
KCAER Kocaer Celik Sanayi ve Ticaret Anonim Sirketi
41.3x99.5%₺27.2b
BRSAN Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret
49.1xn/a₺65.5b
GUBRF Gübre Fabrikalari Türk Anonim Sirketi
88.2xn/a₺77.7b
KOZAL Koza Altin Isletmeleri
30.5x45.6%₺66.5b

Price-To-Earnings vs Peers: KOZAL is good value based on its Price-To-Earnings Ratio (30.5x) compared to the peer average (46.5x).

Price to Earnings Ratio vs Industry

How does KOZAL's PE Ratio compare vs other companies in the Asian Metals and Mining Industry?

27 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KOZAL 30.5xIndustry Avg. 19.5xNo. of Companies102PE01632486480+
27 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KOZAL is expensive based on its Price-To-Earnings Ratio (30.5x) compared to the Asian Metals and Mining industry average (19.5x).

Price to Earnings Ratio vs Fair Ratio

What is KOZAL'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.

KOZAL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.5x
Fair PE Ratio15.9x

Price-To-Earnings vs Fair Ratio: KOZAL is expensive based on its Price-To-Earnings Ratio (30.5x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).

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 KOZAL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₺21.54
₺27.86
+29.3%
7.5%₺30.60₺25.00n/a4
Nov ’25₺20.30
₺27.86
+37.2%
7.5%₺30.60₺25.00n/a4
Oct ’25₺21.78
₺25.89
+18.9%
16.8%₺30.60₺18.00n/a5
Sep ’25₺25.14
₺25.89
+3.0%
16.8%₺30.60₺18.00n/a5
Aug ’25₺24.16
₺24.68
+2.2%
16.0%₺30.60₺18.00n/a6
Jul ’25₺20.10
₺23.72
+18.0%
18.6%₺30.60₺18.00n/a6
Jun ’25₺20.88
₺23.45
+12.3%
17.2%₺29.00₺18.00n/a6
May ’25₺23.26
₺23.45
+0.8%
17.2%₺29.00₺18.00n/a6
Apr ’25₺21.88
₺23.45
+7.2%
17.2%₺29.00₺18.00n/a6
Mar ’25₺22.78
₺23.45
+2.9%
17.2%₺29.00₺18.00n/a6
Feb ’25₺21.20
₺22.98
+8.4%
19.0%₺29.00₺17.70n/a5
Jan ’25₺19.53
₺22.50
+15.2%
18.6%₺29.00₺17.70n/a5
Dec ’24₺23.52
₺22.50
-4.3%
18.6%₺29.00₺17.70n/a5
Nov ’24₺22.20
₺22.50
+1.4%
18.6%₺29.00₺17.70₺20.305
Oct ’24₺28.78
₺21.86
-24.0%
17.6%₺29.00₺17.70₺21.785
Sep ’24₺28.72
₺21.86
-23.9%
17.6%₺29.00₺17.70₺25.145
Aug ’24₺27.16
₺18.80
-30.8%
12.0%₺22.00₺15.20₺24.165
Jul ’24₺24.80
₺17.93
-27.7%
14.2%₺22.00₺15.20₺20.105
Jun ’24₺23.18
₺17.93
-22.6%
14.2%₺22.00₺15.20₺20.885
May ’24₺18.88
₺18.79
-0.5%
12.2%₺22.00₺15.20₺23.265
Apr ’24₺21.60
₺18.54
-14.2%
11.7%₺21.67₺15.20₺21.885
Mar ’24₺23.54
₺16.81
-28.6%
25.7%₺21.67₺10.24₺22.785
Feb ’24₺25.79
₺16.81
-34.8%
25.7%₺21.67₺10.24₺21.205
Jan ’24₺26.90
₺11.88
-55.9%
15.2%₺14.38₺9.48₺19.536
Dec ’23₺19.28
₺11.88
-38.4%
15.2%₺14.38₺9.48₺23.526
Nov ’23₺9.55
₺10.68
+11.8%
11.2%₺13.02₺9.48₺22.206

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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