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STOCK COMPARISON

First Solar vs Kalyon Günes Teknolojileri Üretim A.S: Fair Value & Quality

Both stocks run through our valuation models. Here is how First Solar (FSLR) and Kalyon Günes Teknolojileri Üretim A.S (KLYPV) compare, as of Sep 27, 2026.

As of Sep 27, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: First Solar trades at $178 versus a fair value of $392 (+120.6%), while Kalyon Günes Teknolojileri Üretim A.S trades at TRY 53.15 versus TRY 9.83 (−81.5%).
First Solar
FSLR · USD · Information Technology
+120.6%
upside to fair value
undervalued
Price$178
Fair Value$392
Quality65/100
Kalyon Günes Teknolojileri Üretim A.S
KLYPV.IS · TRY · Technology
−81.5%
upside to fair value
overvalued
PriceTRY 53.15
Fair ValueTRY 9.83
Quality15/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

First SolarKalyon Günes Teknolojileri Üretim A.S
Valuation
11.0×P/E (TTM)n/a
10.2×Forward P/E (FY2026)n/a
3.56×P/S (TTM)0.07×
2.01×P/B0.05×
7.0×EV/EBITDAn/a
0.36×PEGn/a
+120.6%Fair value upside−81.5%
Profitability
42.6%Operating margin-12.2%
2.76×EBIT margin trend (5Y)0.24×
18.5%Return on equity-8.0%
8.6%Return on assets1.3%
Growth
-3.7%Revenue growth (YoY)-40.9%
25.8%Avg. growth/yr (3Y)50.5%
14.0%Avg. growth/yr (5Y)n/a
+38.9%Value creation/yrn/a
Balance & size
38.1×Interest coverage (EBIT/interest)0.2×
0.03×Debt / equityn/a
$19BMarket cap$484M
healthyGrowth qualitymixed
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

First Solar leads: 6 to 1 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

First Solarof which business quality 66 · market factors 16 Kalyon Günes Teknolojileri Üretim A.Sof which business quality 22 · market factors 28
ProfitabilityMargins and returns on capital today
56
6
Quality GrowthAre margins and returns improving?
54
20
CashflowEarnings quality: real cash, not paper profit
72
33
Fin. StrengthBalance sheet, leverage, solvency risk
94
35
InvestmentDisciplined investing over empire-building
14
0
Low VolatilityCalm price path (market factor)
8
42
MomentumPrice trend over the last 3–12 months (market factor)
26
26
52W MomentumDistance to the 52-week high (market factor)
8
15
Net IssuanceShare count: buybacks or dilution?
80
26

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyFirst SolarPrice $178Kalyon Günes Teknolojileri Üretim A.SPrice TRY 53.15
DCF Models+164.9%above the price$471n/a
Earnings-Based+74.5%above the price$310−90.7%below the priceTRY 4.92
Multiples+78.9%above the price$318−72.1%below the priceTRY 14.81
Asset-Based−66.5%below the price$59.46−71.9%below the priceTRY 14.94
Growth DCF+99.7%above the price$355n/a
Economic Profit+13.4%close to the price$202−90.7%below the priceTRY 4.92
Growth Earnings+164.8%above the price$471n/a
Minimum−66.5%below the price$59.46−90.7%below the priceTRY 4.92
Maximum+164.9%above the price$471−71.9%below the priceTRY 14.94
Median+78.9%above the price$318−81.4%below the priceTRY 9.87
Geometric mean+49.4%above the price$265−83.9%below the priceTRY 8.55

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

First Solar: 2 of 24 models see the stock below the current price.

Kalyon Günes Teknolojileri Üretim A.S: 6 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

First Solar
Price $178
Fair Value $392
Bear $227Bull $485
Kalyon Günes Teknolojileri Üretim A.S
Price TRY 53.15
Fair Value TRY 9.83
Bear TRY 3.26Bull TRY 18.17

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

First Solar · Information Technology

Quality score65 · Top 25%
Fair value upside+120.6% · Top 25%

Kalyon Günes Teknolojileri Üretim A.S · Technology

Quality score15 · bottom 25%
Fair value upside−81.5% · bottom 25%

Bottom line

As of Sep 27, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: First Solar trades at $178 versus a fair value of $392 (+120.6%), while Kalyon Günes Teknolojileri Üretim A.S trades at TRY 53.15 versus TRY 9.83 (−81.5%).

First Solar has the higher quality score (65/100).

Open First Solar live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.