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- Kardemir
Kardemir Valuation Multiples
Discover revenue and EBITDA valuation multiples for Kardemir and similar public comparables like NioCorp, Black Cat Syndicate, Magnetic Resources, BCI Minerals and more.
Kardemir Overview
About Kardemir
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS is a Turkey-based company that is primarily engaged in manufacturing and selling of raw iron and steel products, coke, and coke byproducts. Its steel products include pig, blooms, billets, ribbed construction steel, profiles, mine poles, and all types of rails. Billet products and round products account for the majority of the company’s steel product volume. The company’s products are used in the construction, mining, transport, and industry sectors. Most of the company’s revenue is generated from the Turkish domestic market.
Founded
1937
HQ

Employees
4.3K
Website
Sectors
Financials (LTM)
EV
$966M
Kardemir Financials
Kardemir reported last 12-month revenue of $2B and EBITDA of $148M.
In the same LTM period, Kardemir generated $148M in EBITDA and had net loss of ($3M).
Revenue (LTM)
Kardemir P&L
In the most recent fiscal year, Kardemir reported revenue of $2B and EBITDA of $115M.
Kardemir expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $69M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 5% | XXX | XXX | XXX |
| EBITDA | $148M | XXX | $115M | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 2% | XXX | XXX | XXX |
| Net Profit | ($3M) | XXX | ($69M) | XXX | XXX | XXX |
| Net Margin | (0%) | XXX | (5%) | XXX | XXX | XXX |
| Net Debt | — | — | $42M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Kardemir Stock Performance
Kardemir has current market cap of $802M, and enterprise value of $966M.
Market Cap Evolution
Kardemir's stock price is $0.70.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $966M | $802M | 4.5% | XXX | XXX | XXX | $-0.06 |
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Start Free TrialKardemir Valuation Multiples
Kardemir trades at 0.6x EV/Revenue multiple, and 6.5x EV/EBITDA.
EV / Revenue (LTM)
Kardemir Financial Valuation Multiples
As of March 7, 2026, Kardemir has market cap of $802M and EV of $966M.
Equity research analysts estimate Kardemir's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Kardemir has a P/E ratio of (233.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $802M | XXX | $802M | XXX | XXX | XXX |
| EV (current) | $966M | XXX | $966M | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 6.5x | XXX | 8.4x | XXX | XXX | XXX |
| EV/EBIT | 10.2x | XXX | 27.7x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 13.9x | XXX | XXX | XXX |
| P/E | (233.9x) | XXX | (11.6x) | XXX | XXX | XXX |
| EV/FCF | (9.4x) | XXX | (11.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Kardemir Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Kardemir Margins & Growth Rates
Kardemir's revenue in the last 12 month grew by 29%.
Kardemir's revenue per employee in the last FY averaged $0.4M.
Kardemir's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Kardemir's rule of X is 81% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Kardemir Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 29% | XXX | (6%) | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | 53% | XXX | 18% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 38% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 81% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 2% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Kardemir Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| NioCorp | XXX | XXX | XXX | XXX | XXX | XXX |
| Black Cat Syndicate | XXX | XXX | XXX | XXX | XXX | XXX |
| Magnetic Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| BCI Minerals | XXX | XXX | XXX | XXX | XXX | XXX |
| Honbridge Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Kardemir M&A Activity
Kardemir acquired XXX companies to date.
Last acquisition by Kardemir was on XXXXXXXX, XXXXX. Kardemir acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Kardemir
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialKardemir Investment Activity
Kardemir invested in XXX companies to date.
Kardemir made its latest investment on XXXXXXXX, XXXXX. Kardemir invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Kardemir
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Kardemir
| When was Kardemir founded? | Kardemir was founded in 1937. |
| Where is Kardemir headquartered? | Kardemir is headquartered in Turkey. |
| How many employees does Kardemir have? | As of today, Kardemir has over 4K employees. |
| Is Kardemir publicly listed? | Yes, Kardemir is a public company listed on Borsa Istanbul. |
| What is the stock symbol of Kardemir? | Kardemir trades under KRDMD ticker. |
| When did Kardemir go public? | Kardemir went public in 1998. |
| Who are competitors of Kardemir? | Kardemir main competitors are NioCorp, Black Cat Syndicate, Magnetic Resources, BCI Minerals. |
| What is the current market cap of Kardemir? | Kardemir's current market cap is $802M. |
| What is the current revenue of Kardemir? | Kardemir's last 12 months revenue is $2B. |
| What is the current revenue growth of Kardemir? | Kardemir revenue growth (NTM/LTM) is 29%. |
| What is the current EV/Revenue multiple of Kardemir? | Current revenue multiple of Kardemir is 0.6x. |
| Is Kardemir profitable? | Yes, Kardemir is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Kardemir? | Kardemir's last 12 months EBITDA is $148M. |
| What is Kardemir's EBITDA margin? | Kardemir's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of Kardemir? | Current EBITDA multiple of Kardemir is 6.5x. |
| What is the current FCF of Kardemir? | Kardemir's last 12 months FCF is ($103M). |
| What is Kardemir's FCF margin? | Kardemir's last 12 months FCF margin is (7%). |
| What is the current EV/FCF multiple of Kardemir? | Current FCF multiple of Kardemir is (9.4x). |
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