Fameli Hits a One-Year Record of 19,950 Rials on a Third Straight Rally; Its Valuation Sits in the 23rd Percentile of Its Own Sector (Wednesday, August 26, 2026)

Shares of Fameli (National Iranian Copper Industries, ticker فملی) on the Tehran Stock Exchange closed up 2.99 percent from the prior session on Wednesday, August 26, 2026 (Shahrivar 4, 1405), at 19,950 rials, the stock's highest closing price in a year and its third straight rally session. The figure is confirmed both by Sahmino's own live feed and, independently, by the Tehran Stock Exchange's own data service (tsetmc.com). But behind the record is not a simple "cheap stock, growing profit" story: Sahmino's own screen places Fameli in just the 23rd valuation percentile of its basic-metals peer group.

Background

The rally is not new. Per Sahmino's own trend data (updated August 26, 2026), the stock is up 36.64 percent over the past month, 74.93 percent over three months, 104.32 percent over six months, and 434.82 percent over the past year. On Tuesday, Shahrivar 3 (August 25), Fameli had already set a one-year record at 19,480 rials, a record broken again today. The move comes amid a broader Tehran rally: TEDPIX, the exchange's main index, crossed into the 6.3-million-point range for the first time today, up 2.6 percent, led mainly by banks, metals and automakers, according to Iran's IBENA economic and banking news network.

The Numbers

Based on Fameli's interim financial statements for the three months ended Khordad 31, 1405 (June 21, 2026), filed with Codal on Mordad 18, 1405 (August 9, 2026), and Sahmino's own trailing-twelve-month (TTM) calculation: revenue reached 4,057 trillion rials, up 182.75 percent year on year, and net profit reached 2,031 trillion rials, up 261.56 percent year on year. Gross margin stands at 62.89 percent, operating margin at 59.98 percent and net margin at 50.06 percent; return on equity (ROE) is 53.51 percent.

The valuation side tells a different story. Fameli's TTM P/E is 14.14, while the basic-metals sector's average P/E, per Sahmino's own overnight data as of August 26, 2026, is only 10.77, meaning Fameli trades roughly 31 percent above its peer-group average. In Sahmino's composite screen of the 93 stocks in the basic-metals sector, Fameli ranks 12th with an overall score of 62 out of 100; its growth percentile is 81 and its profitability percentile is 70, but its value percentile is just 23.

On the board itself, Fameli was effectively locked in a buy queue today: the best bid showed 105.7 million shares seeking to buy at 19,950 rials, against just 1,000 shares offered at 22,100 rials (Sahmino, August 26, 2026, 13:26 Tehran time). Free float is only 34 percent, a figure that, combined with heavy queues, amplifies price swings for a company this large (market cap: 28,728 trillion rials). Sahmino's own retail-versus-institutional flow data shows individual investors were net buyers of roughly 19.49 trillion rials of Fameli shares over the 20 sessions through Tuesday, Shahrivar 3 (an estimated figure, derived from volume times each day's closing price), though on that same Tuesday session alone, retail investors were net sellers of about 425.9 billion rials.

Drivers

Two main drivers are traceable behind the move. First, a broad basic-metals rally that, per IBENA, moved together with banks and automakers in today's index gain. Second, and more consequential for a stock like Fameli whose revenue is closely tied to the exchange rate: Tehran's free-market dollar, which per Sahmino's own data stood at 1,866,800 rials on Mordad 26 (August 16), reached a record 2,021,950 rials by Shahrivar 2 (August 24) before easing slightly to 2,005,000 rials on Shahrivar 3 (August 25), a roughly 7.4 percent rise over about nine sessions. For a dollar-linked exporter like Fameli, a weaker rial inflates both revenue and cost lines when translated into rial financial statements, one channel behind the twelve-month revenue and profit growth cited above.

Outlook

Sahmino's latest recorded global copper price (Shahrivar 2 / August 24) stands at 14,344 dollars per ton. That figure alone does not determine Fameli's future path; the domestic dollar rate, the volume of domestic and export sales, and upcoming assembly decisions also factor into the stock's equation. Sahmino does not give buy or sell advice; the above is a reading of the data available at the time of publication, not a price forecast.

Bottom Line

Fameli hit a one-year record of 19,950 rials today, Wednesday, Shahrivar 4, 1405 (August 26, 2026), marking a third straight rally session, while its trailing twelve-month net profit is up 261 percent year on year. Yet Sahmino's own screen places the stock in just the 23rd valuation percentile of the basic-metals sector, with a P/E about 31 percent above the sector average, meaning it is not among the cheapest of its 93 peers on classic price multiples. The takeaway for any holder: rising price and rising profit do not, by themselves, mean the stock is cheap.

What to Watch

• The free-market dollar's path in the days ahead; continued gains would add further pressure to Fameli's dollar-linked financial statements.
• Fameli's monthly activity report for Mordad, filed with Codal on Shahrivar 4, 1405 (August 26, 2026).
• Fameli's annual assembly and any dividend decision; no dividend-paying assembly has been recorded for this stock in the past 12 months.
• Global copper prices on the London Metal Exchange and their pass-through to domestic copper product pricing.

Related: yesterday's 19,480-rial Fameli record, Sahmino's screen of Tehran's high-momentum sectors, TEDPIX's 6.3-million-point milestone, global copper prices and the free-market dollar's crossing of 200,000 tomans.