Risk factor
Considerable default risk
Profitability factor
Favourable price performance
About
Kartonsan Karton Sanayi ve Ticaret A.S. is a leading Turkish manufacturer specializing in coated cardboard products. The company's diverse range features multi-coated cardboard varieties such as Normprint, Exprint, and Luxtriplex, all sustainably produced using recycled paper. These versatile materials are widely utilized for packaging in numerous sectors, including food, pharmaceuticals, detergents, matches, personal care items (perfumery, cosmetics), textiles, stationery, delicate goods (glassware), small household appliances, book and notebook casings, and industrial corrugated lamination. With a significant global footprint, Kartonsan exports its products to approximately 20 countries, notably including Bulgaria, Greece, Spain, Portugal, Romania, Israel, and Egypt. Established in 1967, the company maintains its headquarters in Istanbul, Turkey.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers.