Aksa Enerji Uretim AS (AKSEN) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Aksa Enerji Uretim AS stock TRY 32.59, price TRY 60.60, that is 46.2% below the price, quality 39 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 30, 2026.
How to read this chart
60‑month range 5.88 TRY – 116.00 TRY · fair‑value band 28.57 TRY – 45.75 TRY · the 60.60 TRY price screens above the 32.59 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.
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Aksa Enerji Üretim A.S., an independent power producer, produces and sells electricity in Turkey, Asia, and Africa. The company produces energy from coal, fuel oil, biogas, natural gas, wind, sun, and hydroelectricity.
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It also engages in construction, leasing, and operation of electricity power plants. The company was founded in 1997 and is headquartered in Istanbul, Turkey. Aksa Enerji Üretim A.S. is a subsidiary of Kazanci Holding AS.
Stock analysis
Aksa Enerji Uretim AS (AKSEN) currently trades at 60.60 TRY, while our model-based Fair Value estimate is 32.59 TRY, 46.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 53.61 TRY per share, and 3 of the 14 models we run sit above the 60.60 TRY price.
Bear case: the Dividend Discount group reads lowest at 11.91 TRY, and 11 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 28.57 TRY (bear) to 45.75 TRY (bull), the price of 60.60 TRY sits above 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 39/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Aksa Enerji Uretim AS reported revenue of 42.4B TRY in FY2025 versus 13.9B TRY in FY2021, a compound +32.2%/yr. Reported net income was 3.7B TRY in FY2025, compounding +21.4%/yr from FY2021.
Key figures
Market cap 82.5B TRY (≈ $1.7B) Small · P/E ratio 22.0 · P/S ratio 2.30 · EPS (TTM) 2.75 TRY · Dividend yield 2.9% · Net margin 8.5% · Return on equity 6.0% · Return on assets (EBIT) 11.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −47% fair-value upside, at −46%, AKSEN screens cheaper than that median.
Fair Value models
Bear28.57 TRYFair Value 32.59 TRYBull45.75 TRY
Price 60.60 TRY · Upside -46.2%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2.31 TRY per share) are deliberately not added.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.4%
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.
−2.4%
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.
+42.4%
Start year 2020 (pandemic). Over 10 years: +33.8% 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.
+34.0%
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What shareholders gained per year (last 5 years), in TRY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+34.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+31.2%
Dividend (yield on the price)2.9%
Profit margin 2020 to 2025 ⓘ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.15% → 22%
Price, fair value, quality and upside side by side.
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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.Utilities - Independent Power Producers · 74 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score39 · Below median
Fair Value upside−46.2% · Below median
Profitability
Return on equity (12 months)6.0% · Below median
Return on assets2.8% · Below median
Net margin (12 months)8.5% · Below median
Operating margin (12 months)28.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−28.3% · Bottom 25%
Dividend yield (12 months)2.9% · Below median
Balance sheet
Debt / equity0.58× · Below median
Valuation Multiplesvs Utilities - Independent Power Producers median · lower = cheaper
P/E (12 months)22.0× · Pricier than median
P/B1.39× · Pricier than median
P/S (12 months)2.30× · Pricier than median
EV/EBITDA9.3× · Pricier than median
PEG0.48× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)0· sector 12
PAST (return on equity)24· sector 31
HEALTH (low debt)71· sector 71
DIVIDEND (yield)59· sector 60
VALUE 0: the price sits above our fair-value range.
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). "Aksa Enerji Uretim AS Fair Value". https://www.fairvalue-calculator.com/stock/AKSEN
Frequently asked questions
Is Aksa Enerji Uretim AS (AKSEN) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of 32.59 TRY versus a price of 60.60 TRY, about 46% lower (overvalued).
What is the fair value of AKSEN?
Our model-based fair value for Aksa Enerji Uretim AS is 32.59 TRY (as of Oct 30, 2026), built from audited fundamentals. The current price: 60.60 TRY.
What is the quality score of AKSEN?
Aksa Enerji Uretim AS has a Quality Score of 39/100. 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 Aksa Enerji Uretim AS (AKSEN)?
Our model-based price target is the fair value of 32.59 TRY (as of Oct 30, 2026) from 14 valuation models. Cautious scenario 28.57 TRY, optimistic scenario 45.75 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Aksa Enerji Uretim AS stock forecast for 2026?
Our models put fair value at 32.59 TRY, about 46% lower versus a price of 60.60 TRY (overvalued). Cautious scenario 28.57 TRY, optimistic scenario 45.75 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Aksa Enerji Uretim AS (AKSEN)?
Aksa Enerji Uretim AS reported trailing-twelve-month revenue of about 35.9B TRY (latest available figure, as of Oct 30, 2026).
Does Aksa Enerji Uretim AS pay a dividend?
Aksa Enerji Uretim AS currently shows a dividend yield of 2.93% relative to its recent price (as of Oct 30, 2026).
What is the intrinsic value of Aksa Enerji Uretim AS (AKSEN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aksa Enerji Uretim AS it is 32.59 TRY per share (as of Oct 30, 2026), against a price of 60.60 TRY. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Aksa Enerji Uretim AS stock overvalued or undervalued in 2026?
As of Oct 30, 2026, AKSEN trades above its calculated fair value: price 60.60 TRY, fair value 32.59 TRY, a gap of about −46% (overvalued). 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 AKSEN?
No. The price is what the market pays today (60.60 TRY); the fair value is what the company's own numbers justify (32.59 TRY). For Aksa Enerji Uretim AS the two are 28.01 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Aksa Enerji Uretim AS worth?
The market values Aksa Enerji Uretim AS at about 82.5B TRY (market capitalisation, as of Oct 30, 2026). Per share that is 60.60 TRY; our models calculate a fair value of 32.59 TRY per share.
What do the bullish and bearish scenarios say about AKSEN?
Our models span a range for Aksa Enerji Uretim AS: cautious scenario 28.57 TRY, base 32.59 TRY, optimistic 45.75 TRY per share (as of Oct 30, 2026, price 60.60 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AKSEN?
Aksa Enerji Uretim AS trades at a price-to-earnings ratio of 22.0 (as of Oct 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 32.59 TRY is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 12.6. Other multiples: PEG 0.5, P/B 1.4, P/S 2.3, EV/EBITDA 9.3.
What is the PEG ratio of AKSEN?
The PEG ratio of Aksa Enerji Uretim AS is 0.48 (P/E divided by earnings growth, as of Oct 30, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Aksa Enerji Uretim AS (AKSEN)?
Balance-sheet figures for Aksa Enerji Uretim AS (as of Oct 30, 2026): return on equity 6.0%, debt of 0.58 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is AKSEN from its 52-week high?
Aksa Enerji Uretim AS trades at 60.60 TRY, about 48% below its 52-week high of 116.00 TRY and 23% above the low of 49.22 TRY (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 32.59 TRY is for.
Which stocks are comparable to Aksa Enerji Uretim AS?
From the same area (Utilities) we also value Constellation Energy Corporation, Vistra Corp, Adani Power Limited, CGN Power Co, 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 Aksa Enerji Uretim AS stock attractive at the current price?
The data as of Oct 30, 2026: price 60.60 TRY, calculated fair value 32.59 TRY (−46%), Quality Score 39/100, from 14 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 AKSEN calculated?
We run Aksa Enerji Uretim AS through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 32.59 TRY, 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 14.9 % above its aggregate fair value. Aksa Enerji Uretim AS itself currently trades above fair value. 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 Aksa Enerji Uretim AS (AKSEN)?
The closing price on Oct 30, 2026 was 60.60 TRY. Our model-based fair value is 32.59 TRY, about 46% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aksa Enerji Uretim AS right now?
The price sits above even our optimistic bull case (45.75 TRY). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Aksa Enerji Uretim AS
How large is the market capitalisation of Aksa Enerji Uretim AS (AKSEN)?
The market capitalisation of Aksa Enerji Uretim AS is 82.5B TRY (≈ $1.7B). 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 Aksa Enerji Uretim AS (AKSEN)?
The price-to-sales ratio of Aksa Enerji Uretim AS is 2.30 (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 Aksa Enerji Uretim AS (AKSEN)?
Earnings per share at Aksa Enerji Uretim AS are 2.75 TRY (price ÷ EPS = P/E 22.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Aksa Enerji Uretim AS (AKSEN)?
The dividend yield of Aksa Enerji Uretim AS is 2.9% (payout 64.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Aksa Enerji Uretim AS (AKSEN)?
The net margin of Aksa Enerji Uretim AS is 8.5% (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 Aksa Enerji Uretim AS (AKSEN)?
The return on equity (ROE) of Aksa Enerji Uretim AS is 6.0% (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 Aksa Enerji Uretim AS (AKSEN)?
On an EBIT basis the return on assets of Aksa Enerji Uretim AS is 11.4% (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 Aksa Enerji Uretim AS (AKSEN)?
The operating margin of Aksa Enerji Uretim AS is 28.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aksa Enerji Uretim AS (AKSEN)?
Revenue at Aksa Enerji Uretim AS is growing −28.3% versus a year earlier (3y avg −2.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Aksa Enerji Uretim AS (AKSEN)?
Earnings per share at Aksa Enerji Uretim AS are growing −54.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Aksa Enerji Uretim AS (AKSEN) generate?
The free cash flow of Aksa Enerji Uretim AS is −6.5B TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Aksa Enerji Uretim AS (AKSEN) carry?
The net debt of Aksa Enerji Uretim AS is 47.5B TRY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 30, 2026