Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Anel Elektrik Proje Taahhut ve Ticaret AS TRY 12.79, price TRY 85.15, upside -85.0%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value 12.79 TRY · Strongly overvalued (−85%)
!Quality 40/100
!Mixed Growth(revenue 5y +61.0 %/yr)
!Loss-making · -17.6% net margin (TTM)
✓Low debt · generates free cash flow
!Trails peers(3/11)
!Narrow moat0/100
!Evidence only low, so the estimate is less certain
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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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 1.98 TRY – 219.30 TRY · fair‑value band 10.40 TRY – 16.43 TRY · the 85.15 TRY price screens above the 12.79 TRY fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Anel Elektrik Proje Taahhüt ve Ticaret Anonim Sirketi, together with its subsidiaries, provides mechanical, electrical and plumbing (MEP) engineering services worldwide.
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Anel Elektrik Proje Taahhüt ve Ticaret Anonim Sirketi, together with its subsidiaries, provides mechanical, electrical and plumbing (MEP) engineering services worldwide. 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 85.15 TRY, while our model-based Fair Value estimate is 12.79 TRY, implying the stock looks roughly 565.8% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 47.29 TRY per share, and 0 of the 7 models we run sit above the 85.15 TRY price.
Bear case: the Asset-Based group reads lowest at 6.06 TRY, and 7 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 10.40 TRY (bear) to 16.43 TRY (bull), the price of 85.15 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 40/100 (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 33.4B TRY (≈ $684M) · P/S ratio 5.22 · EPS (TTM) −1.82 TRY · Net margin −6.0% · Return on equity −44.0% · Return on assets (EBIT) −4.7% · Operating margin −77.5% · Revenue (TTM) 6.4B TRY.
What moves the price
The share trades about 37% below its 52-week high, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −85%, ANELE screens richer than that median.
Fair Value models
Bear 10.40 TRYFair Value 12.79 TRYBull 16.43 TRY
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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%
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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).
+54.0%
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 +29.1% a year for the price.
Compare Anel Elektrik Proje Taahhut ve Ticaret AS with another stock
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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.Engineering & Construction · 821 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Below median
Fair Value upside−85% · Bottom 25%
Profitability
Return on assets−7% · Bottom 25%
Net margin (TTM)−18% · Bottom 25%
Operating margin (TTM)−78% · Bottom 25%
Growth and dividend
Revenue growth−73% · Bottom 25%
Balance sheet
Debt / equity0.26× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/B0.29× · Cheapest 25%
P/S (TTM)0.11× · Cheapest 25%
P/FCF1.8× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)0· sector 12
PAST (return on equity)0· sector 27
HEALTH (low debt)87· sector 94
DIVIDEND (yield)0· sector 40
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). "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 Sep 24, 2026, our model estimates a fair value of 12.79 TRY versus a price of 85.15 TRY, about −85% upside (overvalued).
What is the fair value of ANELE?
Our model-based fair value for Anel Elektrik Proje Taahhut ve Ticaret AS is 12.79 TRY (as of Sep 24, 2026), built from audited fundamentals. The current price: 85.15 TRY.
What is the quality score of ANELE?
Anel Elektrik Proje Taahhut ve Ticaret AS has a Quality Score of 40/100. 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 12.79 TRY (as of Sep 24, 2026) from 7 valuation models. Cautious scenario 10.40 TRY, optimistic scenario 16.43 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 12.79 TRY, about −85% upside versus a price of 85.15 TRY (overvalued). Cautious scenario 10.40 TRY, optimistic scenario 16.43 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 6.4B TRY (latest available figure, as of Sep 24, 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 +54.0 % per year for five years (discount rate 18.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +61.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of ANELE use?
Our models discount Anel Elektrik Proje Taahhut ve Ticaret AS at 18.2 %: a base by market capitalisation (small), damped by beta 2.55, 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 +54.0 % per year a year over ten years, using the same discount rate (18.2 %) 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 +54.0 % per year free-cash-flow growth a 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 +4.7 % a year. That is the yardstick for the growth priced into Anel Elektrik Proje Taahhut ve Ticaret AS (+54.0 % per year a 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 1.69 %: 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 (18.2 %), 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 12.79 TRY per share (as of Sep 24, 2026), against a price of 85.15 TRY. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Anel Elektrik Proje Taahhut ve Ticaret AS stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ANELE trades above its calculated fair value: price 85.15 TRY, fair value 12.79 TRY, a gap of about −85% (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 ANELE?
No. The price is what the market pays today (85.15 TRY); the fair value is what the company's own numbers justify (12.79 TRY). For Anel Elektrik Proje Taahhut ve Ticaret AS the two are 72.36 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 33.4B TRY (market capitalisation, as of Sep 24, 2026). Per share that is 85.15 TRY; our models calculate a fair value of 12.79 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 10.40 TRY, base 12.79 TRY, optimistic 16.43 TRY per share (as of Sep 24, 2026, price 85.15 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 Sep 24, 2026): return on equity −44.0%, debt of 0.26 per unit of equity. They feed the Quality Score of 40/100, 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 85.15 TRY, about 37% below its 52-week high of 136.00 TRY and 539% above the low of 13.32 TRY (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 12.79 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, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Sep 24, 2026: price 85.15 TRY, calculated fair value 12.79 TRY (−85%), Quality Score 40/100, 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 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 12.79 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 14.1 % above its aggregate fair value. Anel Elektrik Proje Taahhut ve Ticaret 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 Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE)?
The closing price on Sep 22, 2026 was 85.15 TRY. Our model-based fair value is 12.79 TRY, about −85% upside (overvalued). 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 price sits above even our optimistic bull case (16.43 TRY). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 33.4B TRY (≈ $684M). 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 5.22 (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 −1.82 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 −6.0% (fiscal year 2025). 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 −44.0% (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 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 −77.5% (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 −73.1% 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.
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