Kardemir stock: Kardemir buys TRY 175,107 of shares. Kardemir stock has 21.92 percent target upside

Published on 10/22/2026 at 04:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kardemir repurchased TRY 175,107 nominal shares on October 13, 2026. Analysts assign Kardemir stock 21.92 percent target upside.

Buyback and earnings milestones

Kardemir repurchased TRY 175,107 in nominal D shares on October 13, 2026.
The first half of 2026 produced TRY 5.98 billion in net profit.
The average analyst target is TRY 51.26, implying 21.92 percent upside.
Kardemir's next earnings date is November 5, 2026.

Kardemir (D), TRAKRDMR91G7, Illustration mit AI erstellt.

Kardemir (D) (ISIN TRAKRDMR91G7) repurchased TRY 175,107 in nominal D shares on October 13, 2026, at an average price of TRY 43.56, according to Yeni Safak. The average analyst target is TRY 51.26, or 21.92 percent above the TRY 42.04 quote, according to Investing.com.

First-half profit sets the context

Kardemir's first-half 2026 net profit reached TRY 5.98 billion, while first-half sales stood at TRY 37.35 billion, according to MarketScreener. The earnings backdrop is important because the buyback transaction represented TRY 175,107 in nominal value, a small amount beside the reported profit base.

Three dates show the earnings path

On May 8, 2026, Kardemir reported first-quarter net profit of TRY 24.50 million, according to MarketScreener. On August 14, 2026, Kardemir reported second-quarter and first-half results, including TRY 5.98 billion in first-half net profit, according to MarketScreener. On October 13, 2026, the company repurchased TRY 175,107 in nominal D shares at an average TRY 43.56, according to Yeni Safak.

What does the buyback add?

The transaction sits inside a four-month program approved on September 25, 2026, with authorization for TRY 11.40 million in nominal repurchases and a TRY 750.00 million fund, according to TipRanks. The program therefore gives the October purchase a defined capital-allocation framework rather than making it a standalone transaction.

Next reporting date

Kardemir's next earnings report is scheduled for November 5, 2026, according to Investing.com. That date will provide the next reported test of the profit recovery visible in the first-half figures.

Market value and investor frame

Kardemir's market capitalization was TRY 46.80 billion on October 22, 2026. The company produces steel, coke and related industrial materials and trades on the Istanbul Stock Exchange under ticker KRDMD.