KRDMA:BISTKardemir Karabiik Demir celik Sanayi ve Ticaret A.S. Class A Analysis

KRDMA trades at 35.84 TRY, just below its 20‑day SMA (37.30) but comfortably above the 50‑day (33.45) and 200‑day (30.72) averages, indicating a short‑term pull‑back within a longer‑term bullish backdrop. The RSI sits at a neutral 49, while the MACD histogram is negative and the MACD line trails its signal, flagging bearish momentum divergence. Volatility is elevated (~70 %) yet beta is low (0.40), meaning price swings are sharp but less correlated with the market. The DCF‑derived fair value of ~76 TRY is more than double the current price and the price‑to‑book ratio of 0.48 highlights a deep discount to book.
Fundamentally, the company struggles: trailing EPS is –1.48 TRY, profit margin is only 0.45 %, ROE is 0.38 %, and free cash flow is negative, while debt‑to‑equity is an alarming 8.77, leaving net debt around 3.6 B TRY. Although Kardemir appears on the Istanbul Chamber of Industry’s top‑500 industrial list, it pays no dividend and cash generation is weak. With support near 32.40 TRY and resistance around 43.82 TRY, upside is limited unless earnings improve or debt restructuring occurs.