analysis by بورس کاردانا about Stock شبندر: Buy recommendation (8/10/2025)

If we want to calculate the logical market of the market with the Gordon formula, we must be careful that the inputs can be played and can be justified by changing them. However, fingerprint calculations show: Government interest rates: 1-5 % Spend Risk: 1-5 % Expected Rates: 1-5 % Profit Division: 1-5 % Inflation rate: 1-5 % Growth rate: 1-5 % Between 1 % and 1 % Result: This means the logical range of the market for the market, with current conditions of interest and inflation, can change between 1 and 2. So to say "because the interest is 2 % so the market should be thrown" is incorrect. Interest rates should be seen with inflation and corporate growth, not alone. Experience has shown that very low or very high domains are not stable and the market tends to return to an average of 1–2. Low numbers have usually been the opportunity to buy and high numbers (such as year 2 when the market was on the channel ceiling). P/E is now a total marketplace of 1.5 and a one -year forward for about 1.5; That is, exactly the channel floor. Its example is Shabendar, which made a 5 -month profit and probably six months to 6 Tomans; At today's price, P/E is about 6.5 months, without the risk of power outage and gas and completely hesitated against inflation. This is the case for many refineries and even other companies. The only serious risk is cracking. The market can go lower, but emotional behavior is temporary and eventually goes back to the historical balance. The point is to determine where it is cheap and where it is expensive.