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Kordsa Valuation Multiples

Discover Kordsa's revenue and EBITDA valuation multiples, acquisitions, and investment history, alongside public comparables like Sanathan Textile, Raymond, LS Industries, Compagnie Chargeurs Invest and more.

Kordsa Overview

About Kordsa

Kordsa Teknik Tekstil AS is a Turkey-based company tire reinforcement company, engaged in the manufacturing of nylon and polyester yarn, cord fabric, and single-end cord products. It benefits the tire reinforcement and mechanical rubber market. The company offers carcass and industrial fabrics that are used in the structure of vehicle tires, and rubber and plastic materials, such as transmission belts, V belts, rubber hoses and others. Business is functioned through North America, South America, Asia, Europe, the Middle East, and Africa.


Founded

1973

HQ

Turkey

Employees

4.6K

Website

kordsa.com

Sectors

Financials (FY)

Revenue: $675M
EBITDA: $53M

EV

$634M

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Kordsa Financials

Kordsa reported last fiscal year revenue of $675M and EBITDA of $53M.

In the same fiscal year, Kordsa generated $87M in gross profit, $53M in EBITDA, and had net loss of ($32M).

Revenue (LTM)


Kordsa P&L

In the most recent fiscal year, Kordsa reported revenue of $675M and EBITDA of $53M.

Kordsa is unprofitable as of last fiscal year, with gross margin of 13%, EBITDA margin of 8%, and net margin of (5%).

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Last FY202320242025202620272028
Revenue$675M$511M$662M$675M
Gross Profit$87M$76M$86M$87M
Gross Margin13%15%13%13%
EBITDA$53M$51M$47M$53M
EBITDA Margin8%10%7%8%
EBIT Margin(0%)4%1%(0%)
Net Profit($32M)$4M($24M)($32M)
Net Margin(5%)1%(4%)(5%)
Net Debt$285M---

Financial data powered by Morningstar, Inc.

Kordsa Stock Performance

Kordsa has current market cap of $325M, and enterprise value of $634M.

Market Cap Evolution


Kordsa's stock price is $1.67.

Kordsa share price decreased by 10.1% in the last 30 days, and increased by 32.7% in the last year.

Kordsa has an EPS (earnings per share) of $-0.17.

See more trading valuation data for Kordsa
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$634M$325M-3.3%-10.1%33.4%32.7%$-0.17

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Kordsa Valuation Multiples

Kordsa trades at 0.9x EV/Revenue multiple, and 11.9x EV/EBITDA.

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EV / Revenue (LTM)


Kordsa Financial Valuation Multiples

As of June 5, 2026, Kordsa has market cap of $325M and EV of $634M.

Kordsa has a P/E ratio of (10.0x).

Last FY202320242025202620272028
EV/Revenue0.9x1.2x1.0x0.9x
EV/EBITDA11.9x12.4x13.4x11.9x
EV/EBITn/m28.4x70.8xn/m
EV/Gross Profit7.2x8.3x7.4x7.2x
P/E(10.0x)81.4x(13.6x)(10.0x)
EV/FCF6.4x15.2x132.0x6.4x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Kordsa Valuation Multiples

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Kordsa Margins & Growth Rates

In the most recent fiscal year, Kordsa reported gross margin of 13%, EBITDA margin of 8%, and net margin of (5%).

See estimated margins and future growth rates for Kordsa

Kordsa Margins

Last FY20242025202720282029
Gross Margin13%13%13%
EBITDA Margin8%7%8%
EBIT Margin(0%)1%(0%)
Net Margin(5%)(4%)(5%)
FCF Margin15%1%15%

Kordsa Growth Rates

23/2424/2526/2727/2828/29
Revenue Growth29%2%
Gross Profit Growth12%2%
EBITDA Growth(8%)13%
EBIT Growth(60%)(101%)
Net Profit Growth(698%)36%
FCF Growth(88%)1968%

Data powered by FactSet, Inc. and Morningstar, Inc.

Kordsa Operational KPIs

Kordsa's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

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Last FY202320242025202620272028
Revenue per Employee$0.1M---
Opex per Employee$0.0M---
S&M Expenses to Revenue5%4%5%5%
G&A Expenses to Revenue8%6%7%8%
R&D Expenses to Revenue1%1%1%1%
Opex to Revenue13%11%12%13%

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Kordsa Competitors

Kordsa competitors include Sanathan Textile, Raymond, LS Industries, Compagnie Chargeurs Invest, Thrace Plastics Holding, MaxsMaking, Nueva Expresion Textil, Takashima, Aquafil and Anhui Huamao Textile.

Most Kordsa public comparables operate across Textiles.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Sanathan Textile1.2x1.1x15.4x14.1x
Raymond1.7x1.7x16.0x15.2x
LS Industries647.9x-(24385.4x)-
Compagnie Chargeurs Invest1.3x1.3x19.4x14.9x
Thrace Plastics Holding0.6x-4.9x-
MaxsMaking7.5x-531.0x-
Nueva Expresion Textil14.3x-36.8x-
Takashima0.3x0.3x6.3x-

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Acquisitions by Kordsa

Kordsa has acquired 2 companies to date.

Last acquisition by Kordsa was on August 6th 2022. Kordsa acquired Microtex Composites for $44M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Kordsa

Microtex Composites
Axiom Materials
Description
Microtex Composites is a Portuguese producer of technical textiles for aerospace, automotive, and sports applications. The company manufactures carbon fiber prepregs, hybrid fabrics, and multiaxial reinforcements using epoxy and thermoplastic matrices. Based in Porto, Microtex supplies Airbus helicopters, Formula 1 teams, and wind energy blade producers with materials certified to EN 9100 and AS9100 standards. Its TapeTex division lays down unidirectional tapes for automated composite layups. Founded in 1997, Microtex exports to over 30 countries from production sites in northern Portugal.
Axiom Materials is a manufacturer of composite prepregs, adhesives, and tooling materials for aerospace, defense, automotive, and medical applications. The Santa Ana, California-headquartered company supplies carbon fiber and glass fiber systems qualified to aerospace specifications such as BMS8-276 and HMS 30-5B. It collaborates with global OEMs including Boeing and Lockheed Martin to develop out-of-autoclave resins and honeycomb sandwich panels for aircraft structures and unmanned systems.
HQ CountryItalyUnited States
HQ City
Pistoia
-
Deal Date6 Aug 202218 Feb 2019
Valuation$44M$189M
EV/Revenue
EV/EBITDA

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Investments by Kordsa

Kordsa has invested in 1 company to date.

Latest investment by Kordsa was on January 22nd 2024. Kordsa invested in BPREG in their $500K Pre-seed round (EV/Revenue multiple available to Pro users).

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Latest Investments by Kordsa

BPREG
Description
BPREG is a developer and manufacturer of biocomposite materials derived from carbon-negative plant fibers for automotive and industrial applications. Based in the United States, it produces lightweight components like panels and structural parts using flax and hemp reinforcements combined with bio-resins. The company's products achieve up to 50% weight reduction compared to glass fiber alternatives while meeting crash test standards.
HQ CountryTurkey
HQ City
İzmir
Deal Date22 Jan 2024
RoundPre-seed
Raised$500K
InvestorsKordsa; Sabancı Holding
Valuationundisclosed
EV/Revenue
EV/EBITDA

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About Kordsa

When was Kordsa founded?Kordsa was founded in 1973.
Where is Kordsa headquartered?Kordsa is headquartered in Turkey.
How many employees does Kordsa have?As of today, Kordsa has over 4K employees.
Is Kordsa publicly listed?Yes, Kordsa is a public company listed on Borsa Istanbul.
What is the stock symbol of Kordsa?Kordsa trades under KORDS ticker.
When did Kordsa go public?Kordsa went public in 1986.
Who are competitors of Kordsa?Kordsa main competitors include Sanathan Textile, Raymond, LS Industries, Compagnie Chargeurs Invest, Thrace Plastics Holding, MaxsMaking, Nueva Expresion Textil, Takashima, Aquafil, Anhui Huamao Textile.
What is the current market cap of Kordsa?Kordsa's current market cap is $325M.
What is the current revenue of Kordsa?Kordsa's last fiscal year revenue is $675M.
What is the current EV/Revenue multiple of Kordsa?Current revenue multiple of Kordsa is 0.9x.
Is Kordsa profitable?No, Kordsa is not profitable.
How many companies Kordsa has acquired to date?As of June 2026, Kordsa has acquired 2 companies.
What was the largest acquisition by Kordsa?$189M acquisition of Axiom Materials on 18th February 2019 was the largest M&A Kordsa has done to date.
What companies Kordsa acquired?Kordsa acquired Axiom Materials and Microtex Composites.
In how many companies Kordsa has invested to date?As of June 2026, Kordsa has invested in 1 company.
In what companies Kordsa invested in?Kordsa invested in BPREG.

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