EN DE

Akenerji Elektrik Üretim A.S., (AKENR) Fair Value & Analysis

Utilities · TR · Market cap 7.2B TRY

AE Akenerji Elektrik Üretim A.S., AKENR · IS
Price9.85 TRY
Fair Value3.00 TRY
Upside-69.5%
Quality28/100
Mixed Growth
Loss-making · -24.7% net margin
Moderate debt · generates free cash flow
Trails peers (3/11)
Narrow moat 6/100
Watch Akenerji Elektrik Üretim A.S., for free, get notified when fair value or trend changes. Watch for free
Evidence: Medium Range 0.6000 TRY – 12.00 TRY Share as image

Fair value as of: Aug 4, 2026

From 12 valuation models · updated today

Share price −14.9% over the past month.

Below-average quality, and screening another 70% overvalued on our models.

What matters now

  • Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (0.6000 TRY to 12.00 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

27.66 TRY 1.25 TRY Fair Value 3.00 TRY Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 4, 2026.

How to read this chart

60‑month range 1.25 TRY – 27.66 TRY · fair‑value band 0.6000 TRY – 12.00 TRY · the 9.85 TRY price screens above the 3.00 TRY fair value. Dashed = 300-day average. As of Aug 4, 2026.

Which stocks are undervalued right now? Check free Discover now →

Analysis

Akenerji Elektrik Üretim A.S., (AKENR) currently trades at 9.85 TRY, while our model-based Fair Value estimate is 3.00 TRY, implying the stock looks roughly 69.5% overvalued today. We read business quality at 28/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Akenerji Elektrik Üretim A.S., generated revenue of 20.8B TRY at a net margin of -24.7%. Revenue declined 29.2% year over year. It earns a return on equity of -34.5%. Net debt stands at 21.1B TRY. Fundamentals as of Aug 4, 2026

Our scenario range runs from 0.6000 TRY (bear case) to 12.00 TRY (bull case); at 9.85 TRY, the current price sits within that range. The share trades about 37% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at -70%, AKENR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 0.2251 TRY 3.68 TRY 10.45 TRY 80
Rev-Margin DCF 2.50 TRY 8.48 TRY 74
Gordon GGM 0.0622 TRY 0.1244 TRY 0.1895 TRY 70
All 12 models by family
DCF Models
FCF DCF 0.5064 TRY 3.00 TRY 10.77 TRY 38
5Y Revenue Exit 1.67 TRY 6.62 TRY 39
5Y EBITDA Exit 1.95 TRY 6.86 TRY 41
10Y Revenue Exit 3.73 TRY 6.26 TRY 36
10Y EBITDA Exit 4.02 TRY 11.16 TRY 37
Dividend Discount
Gordon GGM 0.0622 TRY 0.1244 TRY 0.1895 TRY 70
DDM Multi-Stage 0.0622 TRY 0.1066 TRY 0.1303 TRY 61
Multiples
EV/EBITDA 0.9181 TRY 54
EV/Revenue 0.7966 TRY 43
Asset-Based
NCAV (Graham) 2.62 TRY 3.50 TRY 5.23 TRY 50
Growth DCF
Growth DCF 0.2251 TRY 3.68 TRY 10.45 TRY 80
Rev-Margin DCF 2.50 TRY 8.48 TRY 74

Widest divergence: Asset-Based (3.50 TRY) versus Dividend Discount (0.1066 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 20.8B TRY
Revenue growth (YoY) -29.2%
Net margin -24.7%
Return on equity -34.5%
Free cash flow 715M TRY FY2025
Operating margin 1.4%
More key figures
EPS (TTM) -7.02 TRY
EPS growth (YoY) +175%
Net debt 21.1B TRY FY2025

Figures from reported company fundamentals · as of Aug 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 30 · Market factors (momentum, volatility) 34

Profitability 7
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 16
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Akenerji Elektrik Üretim A.S., together with its subsidiaries, together with its subsidiaries, produces and trades in electricity in Turkey. The company operates hydroelectric, wind, and natural gas combined cycle power plants with a total installed capacity of 1,224 megawatts. It is also involved in the natural gas trading business.

Full company description

Akenerji Elektrik Üretim A.S., together with its subsidiaries, together with its subsidiaries, produces and trades in electricity in Turkey. The company operates hydroelectric, wind, and natural gas combined cycle power plants with a total installed capacity of 1,224 megawatts. It is also involved in the natural gas trading business. Akenerji Elektrik Üretim A.S. was incorporated in 1989 and is headquartered in Istanbul, Turkey.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Akenerji Elektrik Üretim A.S., reported revenue of 22.7B TRL in FY2025 versus 3.9B TRL in FY2021, a compound +55.2%/yr. Reported net income was −5.4B TRL in FY2025.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
22.7B TRY
Latest YoY
−31.9%
Avg. growth/yr (3Y)
+10.0%
Avg. growth/yr (5Y)
+59.7%
Avg. growth/yr (22Y)
−35.6%
Revenue +55.2%/yr
FY21 3.9B TRL
FY22 17.0B TRL
FY23 34.2B TRL
FY24 33.4B TRL
FY25 22.7B TRL
Net income
FY21 −2.5B TRL
FY22 −1.6B TRL
FY23 7.3B TRL
FY24 −4.3B TRL
FY25 −5.4B TRL

AKENR screens 70% overvalued. Compare with NextEra Energy, Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Akenerji Elektrik Üretim A.S., Fair Value". https://www.fairvalue-calculator.com/stock/AKENR

Peer Group

Utilities - Regulated Electric · 158 stocks

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.

Quality Score 28 · Bottom 25%
Fair Value upside −70% · Bottom 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -25% · Bottom 25%
Operating margin (TTM) 1% · Bottom 25%
Revenue growth -29% · Bottom 25%
Debt / equity 0.84× · Lower than median

Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper

P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 13.8× · Pricier than 75% of peers
PEG 0.53× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 5
FUTURE 0 · sector 32
PAST 0 · sector 39
HEALTH 58 · sector 52
DIVIDEND 0 · sector 56

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $88.80 $32.94 -63%
The Southern Company SO $95.61 $61.06 -36%
Duke Energy Corporation DUK $126.11 $97.11 -23%
National Grid plc NGG 61,175 ARS 44,377 ARS -27%
American Electric Power Company AEP $132.50 $79.33 -40%
Dominion Energy, Inc D $70.08 $46.92 -33%
NTPC Limited NTPC ₹341.85 ₹377.16 +10%
CEZ, a. s. CEZ 232.40 PLN 159.33 PLN -31%
Power Grid Corporation POWERGRID ₹283.55 ₹252.77 -11%
China National Nuclear Power Co 601985 ¥8.91 ¥7.69 -14%

Compare Akenerji Elektrik Üretim A.S., with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Utilities stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Akenerji Elektrik Üretim A.S., (AKENR) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 3.00 TRY versus a price of 9.85 TRY, about −70% (overvalued).
What is the fair value of AKENR?
Our model-based fair value for Akenerji Elektrik Üretim A.S., is 3.00 TRY (as of Aug 4, 2026), built from audited fundamentals. The current price is 9.85 TRY.
What is the quality score of AKENR?
Akenerji Elektrik Üretim A.S., has a Quality Score of 28/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Akenerji Elektrik Üretim A.S., (AKENR)?
Akenerji Elektrik Üretim A.S., reported trailing-twelve-month revenue of about 20.8B TRY (latest available figure, as of Aug 4, 2026).
What is the net profit margin of AKENR?
The net profit margin of Akenerji Elektrik Üretim A.S., is about -24.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Akenerji Elektrik Üretim A.S., and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.