Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S.

IBSE:KRDMD Stock Report

Market Cap: ₺29.3b

Kardemir Karabük Demir Çelik Sanayi Ve Ticaret Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: KRDMD (TRY26.32) is trading below our estimate of fair value (TRY112.3)

Significantly Below Fair Value: KRDMD is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KRDMD. This is calculated by dividing KRDMD's market cap by their current earnings.
What is KRDMD's PE Ratio?
PE Ratio16.5x
Earnings₺1.82b
Market Cap₺29.31b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KRDMD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.1x
KCAER Kocaer Celik Sanayi ve Ticaret Anonim Sirketi
39.1x99.5%₺25.7b
ISDMR Iskenderun Demir ve Çelik
7.5xn/a₺107.6b
BRSAN Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret
48.5xn/a₺64.0b
EREGL Eregli Demir ve Çelik Fabrikalari T.A.S
9.3x29.0%₺174.3b
KRDMD Kardemir Karabük Demir Çelik Sanayi Ve Ticaret
16.5x136.3%₺29.3b

Price-To-Earnings vs Peers: KRDMD is good value based on its Price-To-Earnings Ratio (16.5x) compared to the peer average (26.1x).

Price to Earnings Ratio vs Industry

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

30 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KRDMD 16.5xIndustry Avg. 19.4xNo. of Companies94PE01632486480+
30 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KRDMD is good value based on its Price-To-Earnings Ratio (16.5x) compared to the Asian Metals and Mining industry average (19.4x).

Price to Earnings Ratio vs Fair Ratio

What is KRDMD'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.

KRDMD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.5x
Fair PE Ratio74.1x

Price-To-Earnings vs Fair Ratio: KRDMD is good value based on its Price-To-Earnings Ratio (16.5x) compared to the estimated Fair Price-To-Earnings Ratio (74.1x).

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 KRDMD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₺26.32
₺39.58
+50.4%
10.4%₺44.57₺31.80n/a8
Nov ’25₺25.48
₺40.28
+58.1%
11.2%₺45.33₺31.73n/a8
Oct ’25₺25.90
₺40.51
+56.4%
10.9%₺45.81₺32.97n/a8
Sep ’25₺22.98
₺41.07
+78.7%
10.8%₺45.76₺32.81n/a8
Aug ’25₺30.78
₺40.01
+30.0%
10.4%₺44.16₺31.66n/a8
Jul ’25₺30.06
₺40.76
+35.6%
8.3%₺44.33₺34.51n/a9
Jun ’25₺29.08
₺40.60
+39.6%
9.7%₺45.14₺33.76n/a8
May ’25₺26.02
₺39.91
+53.4%
9.3%₺43.96₺32.88n/a8
Apr ’25₺22.26
₺39.91
+79.3%
9.3%₺43.96₺32.88n/a8
Mar ’25₺27.14
₺39.91
+47.0%
9.3%₺43.96₺32.88n/a8
Feb ’25₺27.94
₺40.47
+44.8%
12.7%₺47.79₺31.80n/a8
Jan ’25₺23.76
₺37.15
+56.3%
17.4%₺45.54₺23.34n/a8
Dec ’24₺24.44
₺37.78
+54.6%
17.8%₺45.52₺23.32n/a8
Nov ’24₺25.20
₺38.51
+52.8%
19.9%₺48.81₺22.86₺25.489
Oct ’24₺29.54
₺38.46
+30.2%
18.1%₺46.81₺23.20₺25.909
Sep ’24₺25.82
₺35.49
+37.5%
23.1%₺46.63₺23.11₺22.989
Aug ’24₺24.64
₺35.52
+44.1%
25.5%₺46.43₺23.01₺30.788
Jul ’24₺22.10
₺31.53
+42.7%
19.7%₺39.80₺20.93₺30.067
Jun ’24₺17.91
₺25.45
+42.1%
17.5%₺33.64₺17.69₺29.087
May ’24₺14.98
₺26.17
+74.7%
11.8%₺33.42₺22.50₺26.028
Apr ’24₺18.98
₺25.71
+35.4%
11.4%₺32.74₺22.61₺22.268
Mar ’24₺22.64
₺19.51
-13.8%
21.0%₺23.54₺13.01₺27.146
Feb ’24₺15.30
₺19.58
+28.0%
19.1%₺23.49₺13.14₺27.947
Jan ’24₺17.99
₺15.54
-13.6%
13.3%₺19.90₺13.00₺23.767
Dec ’23₺15.34
₺15.54
+1.3%
13.3%₺19.90₺13.00₺24.447
Nov ’23₺11.92
₺17.23
+44.6%
27.4%₺28.57₺13.01₺25.208

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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