Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) Cyclically Adjusted FCF per Share: ₺-3.07 (As of Mar. 2026)


IST:KARTN Kartonsan Karton Sanayi ve Ticaret AS IST:KARTN
41 GF Score
Price ₺182.10
GF Value ₺68.39
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Kartonsan Kartonnayi ve Ticaret AS Cyclically Adjusted FCF per Share?

Kartonsan Kartonnayi ve Ticaret AS IST:KARTN +9.96% 41 Cyclically Adjusted FCF per Share is ₺-3.07 as of Mar. 2026. GuruFocus rates IST:KARTN with a GF Score™ of 41/100 and a GF Value™ of ₺68.39 (Significantly Overvalued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Kartonsan Kartonnayi ve Ticaret AS's adjusted free cash flow per share for the three months ended in Mar. 2026 was ₺-2.582. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ₺-3.07 for the trailing ten years ended in Mar. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Kartonsan Kartonnayi ve Ticaret AS was 7.70% per year. The lowest was 7.70% per year. And the median was 7.70% per year.

As of today (2026-07-07), Kartonsan Kartonnayi ve Ticaret AS's current stock price is ₺182.10. Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ₺-3.07. Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kartonsan Kartonnayi ve Ticaret AS was 206.79. The lowest was 23.96. And the median was 72.36.


Kartonsan Kartonnayi ve Ticaret AS  (IST:KARTN) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kartonsan Kartonnayi ve Ticaret AS was 206.79. The lowest was 23.96. And the median was 72.36.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Kartonsan Kartonnayi ve Ticaret AS Cyclically Adjusted FCF per Share Related Terms


Kartonsan Kartonnayi ve Ticaret AS Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Kartonsan Kartonnayi ve Ticaret AS Cyclically Adjusted FCF per Share Chart

Kartonsan Kartonnayi ve Ticaret AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 0.55 -0.06 -1.64 -2.75

Kartonsan Kartonnayi ve Ticaret AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.17 -2.27 -2.58 -2.75 -3.07

IST:KARTN vs SW, PKG, IP: Cyclically Adjusted FCF per Share Comparison

For the Packaging & Containers subindustry, Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kartonsan Kartonnayi ve Ticaret AS Cyclically Adjusted Price-to-FCF vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted Price-to-FCF falls into.


IST:KARTN
41GF Score
Kartonsan Karton Sanayi ve Ticaret AS IST:KARTN
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kartonsan Kartonnayi ve Ticaret AS Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Kartonsan Kartonnayi ve Ticaret AS's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-2.582/330.2130*330.2130
=-2.582

Current CPI (Mar. 2026) = 330.2130.

Kartonsan Kartonnayi ve Ticaret AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.095 241.018 0.130
201609 0.080 241.428 0.109
201612 0.205 241.432 0.280
201703 0.187 243.801 0.253
201706 0.197 244.955 0.266
201709 0.233 246.819 0.312
201712 0.124 246.524 0.166
201803 0.385 249.554 0.509
201806 0.211 251.989 0.276
201809 0.237 252.439 0.310
201812 0.164 251.233 0.216
201903 -0.035 254.202 -0.045
201906 0.126 256.143 0.162
201909 -0.018 256.759 -0.023
201912 0.236 256.974 0.303
202003 0.707 258.115 0.904
202006 0.045 257.797 0.058
202009 0.503 260.280 0.638
202012 0.162 260.474 0.205
202103 0.905 264.877 1.128
202106 0.056 271.696 0.068
202109 0.697 274.310 0.839
202112 2.246 278.802 2.660
202203 2.213 287.504 2.542
202206 1.742 296.311 1.941
202209 -0.179 296.808 -0.199
202212 -7.998 296.797 -8.898
202303 -0.508 301.836 -0.556
202306 3.753 305.109 4.062
202309 -3.374 307.789 -3.620
202312 -5.574 306.746 -6.000
202403 -2.988 312.332 -3.159
202406 -5.384 314.175 -5.659
202409 -2.754 315.301 -2.884
202412 -3.957 315.605 -4.140
202503 -5.368 319.799 -5.543
202506 -0.929 322.561 -0.951
202509 -2.975 324.800 -3.025
202512 -1.712 324.054 -1.745
202603 -2.582 330.213 -2.582

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of ₺-3.07 mean?
Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) has a Cyclically Adjusted FCF per Share of ₺-3.07 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Kartonsan Kartonnayi ve Ticaret AS and its competitors.
Is Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted FCF per Share too high?
Kartonsan Kartonnayi ve Ticaret AS's current Cyclically Adjusted FCF per Share is ₺-3.07. Overall, Kartonsan Kartonnayi ve Ticaret AS has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted FCF per Share compare to SW and PKG?
Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted FCF per Share of ₺-3.07 can be compared against companies in the Packaging & Containers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Packaging & Containers company?
A good Cyclically Adjusted FCF per Share depends on the Packaging & Containers industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Kartonsan Kartonnayi ve Ticaret AS and its competitors. Kartonsan Kartonnayi ve Ticaret AS's current Cyclically Adjusted FCF per Share is ₺-3.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kartonsan Kartonnayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺68.39, compared to a current price of ₺182.10 — trading 166.3% above its estimated fair value. The current Cyclically Adjusted FCF per Share is ₺-3.07. Kartonsan Kartonnayi ve Ticaret AS's overall GF Score™ is 41/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN), the current Cyclically Adjusted FCF per Share is ₺-3.07 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) Overvalued in 2026?

Based on GuruFocus' analysis, Kartonsan Kartonnayi ve Ticaret AS stock appears to be overvalued. The current stock price of ₺182.10 is trading 166.3% above its estimated GF Value™ of ₺68.39. GuruFocus considers Kartonsan Kartonnayi ve Ticaret AS to be Significantly Overvalued.

Key valuation signals for IST:KARTN:

  • Cyclically Adjusted FCF per Share: ₺-3.07
  • GF Value™: ₺68.39 vs. price of ₺182.10 (166.3% above fair value)
  • GF Score™: 41/100 with 8 warning signs

No single metric tells the full story. See the IST:KARTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kartonsan Kartonnayi ve Ticaret AS Business Description

Address Prof. Dr. Bulent Tarcan Caddesi, No: 5 Pak Is Merkezi, Kat: 3, Gayrettepe, Istanbul, TUR, 34349
Kartonsan Karton Sanayi ve Ticaret AS is a Turkey-based company engaged in producing and trading of coated cardboard from recycled paper. Business activity of the group is operated through Ukraine, Bulgaria, Spain, Greece, Portugal, and Italy. Its portfolio includes product such as Normprint, Exprint and Luxtriplex, Normprint is multi-coated grey-backside cardboard with a blade top coat, which is used as a packaging material; Exprint, used in all types of packaging and detailed graphic printing and Luxtriplex, multi-coated cardboard with white backside which is ideal for all types of packaging, especially for food, cosmetics, pharmaceuticals. Kartonsan derives revenue through the sale of the products.
41GF Score

Get the complete analysis for IST:KARTN

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺182.10
Price
₺68.39
GF Value