Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Anel Elektrik Proje Taahhut ve Ticaret AS stock TRY 12.29, price TRY 6.87, upside +78.9%, quality 37 out of 100. Rating: strongly undervalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 1.98 TRY – 219.30 TRY · fair‑value band 10.20 TRY – 15.86 TRY · the 6.87 TRY price screens below the 12.29 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
Follow Anel Elektrik Proje Taahhut ve Ticaret AS in your weekly email
Every Wednesday you see whether Anel Elektrik Proje Taahhut ve Ticaret AS is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Anel Elektrik Proje Taahhüt ve Ticaret Anonim Sirketi, together with its subsidiaries, provides mechanical, electrical and plumbing (MEP) engineering services worldwide.
Show moreShow less
The company offers MEP contracting, MEP operation and maintenance systems; ship electric electronic systems; and electric recycling solutions, as well as produces and installs panels; and provides on-site service and maintenance.
It is also involved in sale and lease real estate; ship electricity and electromechanical system design activities; and telecommunication activities. Anel Elektrik Proje Taahhüt ve Ticaret Anonim Sirketi was incorporated in 1986 and is headquartered in Istanbul, Turkey.
Stock analysis
Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE) currently trades at 6.87 TRY, while our model-based Fair Value estimate is 12.29 TRY, implying the stock looks roughly 44% undervalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of 13.47 TRY per share, and 6 of the 7 models we run sit above the 6.87 TRY price.
Bear case: the Asset-Based group reads lowest at 6.06 TRY, and 1 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 10.20 TRY (bear) to 15.86 TRY (bull), the price of 6.87 TRY sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 37/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Anel Elektrik Proje Taahhut ve Ticaret AS reported revenue of 8.0B TRY in FY2025 versus 981M TRY in FY2021, a compound +69.0%/yr. Reported net income was −479M TRY in FY2025.
Key figures
Market cap 1.8B TRY (≈ $36.3M) Micro · P/S ratio 0.48 · EPS (TTM) −11.45 TRY · Net margin −64.0% · Return on equity −178% · Return on assets (EBIT) −4.7% (5-year average) · Operating margin −131% · Revenue (TTM) 4.5B TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (medium confidence).
What moves the price
The share trades about 97% below its 52-week high and 21% above its 52-week low.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at 79%, ANELE screens cheaper than that median.
Fair Value models
Bear10.20 TRYFair Value 12.29 TRYBull15.86 TRY
Price 6.87 TRY · Upside +78.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+41.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+47.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+61.0%
Start year 2020 (pandemic). Over 10 years: +30.8% a year
Revenue growth 18 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.1%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−13.4% (2020) → −12.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Turkey: IMF forecast 19.3% a year to 2030, 28.5% from 2016 to 2025) that is about −8.6% a year for the price.
Compare Anel Elektrik Proje Taahhut ve Ticaret AS with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 791 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside+78.9% · Top 25%
Profitability
Return on assets−3.9% · Bottom 25%
Net margin (12 months)−64.0% · Bottom 25%
Operating margin (12 months)−130.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−86.3% · Bottom 25%
Balance sheet
Debt / equity0.26× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Anel Elektrik Proje Taahhut ve Ticaret AS Fair Value". https://www.fairvalue-calculator.com/stock/ANELE
Frequently asked questions
Is Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 12.29 TRY versus a price of 6.87 TRY, about +79% upside (undervalued).
What is the fair value of ANELE?
Our model-based fair value for Anel Elektrik Proje Taahhut ve Ticaret AS is 12.29 TRY (as of Nov 7, 2026), built from audited fundamentals. The current price: 6.87 TRY.
What is the quality score of ANELE?
Anel Elektrik Proje Taahhut ve Ticaret AS has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
Our model-based price target is the fair value of 12.29 TRY (as of Nov 7, 2026) from 7 valuation models. Cautious scenario 10.20 TRY, optimistic scenario 15.86 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Anel Elektrik Proje Taahhut ve Ticaret AS stock forecast for 2026?
Our models put fair value at 12.29 TRY, about +79% upside versus a price of 6.87 TRY (undervalued). Cautious scenario 10.20 TRY, optimistic scenario 15.86 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
Anel Elektrik Proje Taahhut ve Ticaret AS reported trailing-twelve-month revenue of about 4.5B TRY (latest available figure, as of Nov 7, 2026).
What growth is priced into Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
For today's price to be fair in a discounted-cash-flow model, Anel Elektrik Proje Taahhut ve Ticaret AS would have to grow free cash flow by +9.0 % per year for five years (discount rate 16.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +61.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of ANELE use?
Our models discount Anel Elektrik Proje Taahhut ve Ticaret AS at 16.7 %: a base by market capitalisation (nano), damped by beta 2.66, country premium for Turkey. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Anel Elektrik Proje Taahhut ve Ticaret AS that is +9.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (16.7 %) and the same formula as our fair value.
How much growth has Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE) delivered so far?
Over the past 5 years revenue at Anel Elektrik Proje Taahhut ve Ticaret AS grew +61.0 % a year. The price currently implies free-cash-flow growth of +9.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Anel Elektrik Proje Taahhut ve Ticaret AS (+9.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
The free-cash-flow yield on the price is 20.93 %: that much free cash flow Anel Elektrik Proje Taahhut ve Ticaret AS produces per unit of market value. When it exceeds the discount rate of our models (16.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Anel Elektrik Proje Taahhut ve Ticaret AS it is 12.29 TRY per share (as of Nov 7, 2026), against a price of 6.87 TRY. It is the blended result of 7 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Anel Elektrik Proje Taahhut ve Ticaret AS stock overvalued or undervalued in 2026?
As of Nov 7, 2026, ANELE trades below its calculated fair value: price 6.87 TRY, fair value 12.29 TRY, a gap of about +79% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ANELE?
No. The price is what the market pays today (6.87 TRY); the fair value is what the company's own numbers justify (12.29 TRY). For Anel Elektrik Proje Taahhut ve Ticaret AS the two are 5.42 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Anel Elektrik Proje Taahhut ve Ticaret AS worth?
The market values Anel Elektrik Proje Taahhut ve Ticaret AS at about 1.8B TRY (market capitalisation, as of Nov 7, 2026). Per share that is 6.87 TRY; our models calculate a fair value of 12.29 TRY per share.
What do the bullish and bearish scenarios say about ANELE?
Our models span a range for Anel Elektrik Proje Taahhut ve Ticaret AS: cautious scenario 10.20 TRY, base 12.29 TRY, optimistic 15.86 TRY per share (as of Nov 7, 2026, price 6.87 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
Balance-sheet figures for Anel Elektrik Proje Taahhut ve Ticaret AS (as of Nov 7, 2026): return on equity −178.1%, debt of 0.26 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is ANELE from its 52-week high?
Anel Elektrik Proje Taahhut ve Ticaret AS trades at 6.87 TRY, about 97% below its 52-week high of 219.30 TRY and 21% above the low of 5.69 TRY (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 12.29 TRY is for.
Which stocks are comparable to Anel Elektrik Proje Taahhut ve Ticaret AS?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Anel Elektrik Proje Taahhut ve Ticaret AS stock attractive at the current price?
The data as of Nov 7, 2026: price 6.87 TRY, calculated fair value 12.29 TRY (+79%), Quality Score 37/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ANELE calculated?
We run Anel Elektrik Proje Taahhut ve Ticaret AS through 7 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 12.29 TRY builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Anel Elektrik Proje Taahhut ve Ticaret AS currently trades 44% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
The closing price on Nov 6, 2026 was 6.87 TRY. Our model-based fair value is 12.29 TRY, about +79% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Anel Elektrik Proje Taahhut ve Ticaret AS right now?
The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (10.20 TRY). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Anel Elektrik Proje Taahhut ve Ticaret AS
How large is the market capitalisation of Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
The market capitalisation of Anel Elektrik Proje Taahhut ve Ticaret AS is 1.8B TRY (≈ $36.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
The price-to-sales ratio of Anel Elektrik Proje Taahhut ve Ticaret AS is 0.48 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
Earnings per share at Anel Elektrik Proje Taahhut ve Ticaret AS are −11.45 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
The net margin of Anel Elektrik Proje Taahhut ve Ticaret AS is −64.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
The return on equity (ROE) of Anel Elektrik Proje Taahhut ve Ticaret AS is −178% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
On an EBIT basis the return on assets of Anel Elektrik Proje Taahhut ve Ticaret AS is −4.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
The operating margin of Anel Elektrik Proje Taahhut ve Ticaret AS is −131% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
Revenue at Anel Elektrik Proje Taahhut ve Ticaret AS is growing −86.3% versus a year earlier (3y avg +47.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE) carry?
The net debt of Anel Elektrik Proje Taahhut ve Ticaret AS is 1.9B TRY (fiscal year 2025, ≈ 4.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Anel Elektrik Proje Taahhut ve Ticaret AS in the live analysis
One click puts Anel Elektrik Proje Taahhut ve Ticaret AS on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 7, 2026