Dogu Aras Enerji Yatirimlari AS (ARASE) Fair Value & Analysis
Utilities · TR · Market cap 27.7B TRY
Strengths
Risks
Fair value as of: Aug 21, 2026
From 17 valuation models · updated today
Share price −1.3% over the past month.
A solid business, screening 198% undervalued on our models.
What matters now
- The price is below even our cautious bear case (181.36 TRY). The market is more pessimistic than our downside scenario.
- The model range is unusually wide (181.36 TRY to 901.56 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
57‑month range 18.99 TRY – 128.00 TRY · fair‑value band 181.36 TRY – 901.56 TRY · the 123.00 TRY price screens below the 367.01 TRY fair value. Dashed = 300-day average. As of Aug 21, 2026.
Analysis
Dogu Aras Enerji Yatirimlari AS (ARASE) currently trades at 123.00 TRY, while our model-based Fair Value estimate is 367.01 TRY, implying the stock looks roughly 198.4% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Dogu Aras Enerji Yatirimlari AS generated revenue of 35.1B TRY at a net margin of 7.0%. Revenue grew 30.2% year over year. It earns a return on equity of 13.0%. Net debt stands at 2.5B TRY. Fundamentals as of Aug 21, 2026
Our scenario range runs from 181.36 TRY (bear case) to 901.56 TRY (bull case); at 123.00 TRY, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 151% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -55% fair-value upside, at 198%, ARASE screens cheaper 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.
All 17 models by family
Widest divergence: Growth Earnings (914.99 TRY) versus Dividend Discount (10.58 TRY). Highest evidence: Residual Income (76).
Notify me when ARASE reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 86
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
Dogu Aras Enerji Yatirimlari AS, through its subsidiaries, engages in the retail sale and distribution of electricity in Turkey. The company was founded in 2013 and is based in Erzurum, Turkey.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2019 – FY2023 · reported fiscal years
Dogu Aras Enerji Yatirimlari AS reported revenue of 23.5B TRY in FY2023 versus 2.0B TRY in FY2019, a compound +84.5%/yr. Reported net income was 5.2B TRY in FY2023, compounding +87.0%/yr from FY2019.
Watch ARASE: get an alert when its fair value changes →
Peer Group
Utilities - Independent Power Producers · 79 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.
Valuation Multiples vs Utilities - Independent Power Producers median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Independent Power Producers stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Constellation Energy Corporation CEG | $278.68 | $88.09 | -68% |
| Vistra Corp VST | $146.68 | $50.39 | -66% |
| Adani Power Limited ADANIPOWER | ₹206.10 | ₹75.57 | -63% |
| CGN Power Co 003816 | ¥3.93 | ¥2.79 | -29% |
| Gulf Development Public Company GULF | 65.00 THB | 39.25 THB | -40% |
| NRG Energy, Inc NRG | $120.66 | $53.91 | -55% |
| Adani Energy Solutions Limited ADANIENSOL | ₹1,583 | ₹342.02 | -78% |
| Talen Energy Corporation TLN | $365.07 | $43.55 | -88% |
| Datang International Power Generation Co 601991 | ¥6.29 | ¥4.95 | -21% |
| Power Assets Holdings 0006 | HK$57.30 | HK$30.76 | -46% |
Compare Dogu Aras Enerji Yatirimlari AS with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Utilities stocks →
Discover undervalued stocks
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Dogu Aras Enerji Yatirimlari AS (ARASE) overvalued or undervalued?
What is the fair value of ARASE?
What is the quality score of ARASE?
What is the revenue of Dogu Aras Enerji Yatirimlari AS (ARASE)?
What is the net profit margin of ARASE?
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.
Track Dogu Aras Enerji Yatirimlari AS 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.