EN DE

Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. (BASGZ) Fair Value & Analysis

Utilities · TR · Market cap 30.9B TRY

BD Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. BASGZ · IS
Price44.50 TRY
Fair Value39.22 TRY
Upside-11.9%
Quality62/100
Mixed Growth
Thin margins · 6.0% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Narrow moat 44/100
Watch Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. for free, get notified when fair value or trend changes. Watch for free
Evidence: Medium Range 29.93 TRY – 156.88 TRY Share as image

Fair value as of: Aug 5, 2026

From 26 valuation models · updated today

Share price −5.5% over the past month.

A solid business, but screening 12% overvalued on our models.

What matters now

  • The model range is unusually wide (29.93 TRY to 156.88 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Our model range runs from 29.93 TRY (bear) to 156.88 TRY (bull), base 39.22 TRY. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with medium evidence: read the verdict with care.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

51.20 TRY 6.48 TRY Fair Value 39.22 TRY Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 5, 2026.

How to read this chart

60‑month range 6.48 TRY – 51.20 TRY · fair‑value band 29.93 TRY – 156.88 TRY · the 44.50 TRY price screens above the 39.22 TRY fair value. Dashed = 300-day average. As of Aug 5, 2026.

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

Analysis

Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. (BASGZ) currently trades at 44.50 TRY, while our model-based Fair Value estimate is 39.22 TRY, implying the stock looks roughly 11.9% overvalued today. We read business quality at 62/100 (solid 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, Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. generated revenue of 49.3B TRY at a net margin of 6.0%. Revenue grew 7.9% year over year. It earns a return on equity of 10.2%. The balance sheet holds a net cash position of 1.5B TRY. Fundamentals as of Aug 5, 2026

Our scenario range runs from 29.93 TRY (bear case) to 156.88 TRY (bull case); at 44.50 TRY, the current price sits within that range. The share trades about 14% below its 52-week high and 48% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -19% fair-value upside, at -12%, BASGZ 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 119.02 TRY 233.64 TRY 421.47 TRY 80
Residual Income 38.26 TRY 50.80 TRY 312.23 TRY 76
Rev-Margin DCF 53.20 TRY 78.05 TRY 131.21 TRY 74
All 26 models by family
DCF Models
FCF DCF 126.37 TRY 197.34 TRY 423.33 TRY 38
Owner Earnings 120.96 TRY 271.90 TRY 588.76 TRY 31
5Y Revenue Exit 49.26 TRY 68.33 TRY 106.99 TRY 39
5Y EBITDA Exit 63.79 TRY 97.71 TRY 163.73 TRY 41
5Y P/E Exit 99.61 TRY 211.10 TRY 361.65 TRY 38
10Y Revenue Exit 71.71 TRY 119.49 TRY 138.97 TRY 36
10Y EBITDA Exit 83.03 TRY 150.78 TRY 258.97 TRY 37
10Y P/E Exit 109.17 TRY 227.92 TRY 419.87 TRY 35
Earnings-Based
Graham-Dodd 37.88 TRY 264.15 TRY 370.69 TRY 54
Lynch FV 136.47 TRY 194.95 TRY 253.44 TRY 50
PEG = 1.0 136.47 TRY 194.95 TRY 253.44 TRY 46
EPV 17.48 TRY 19.95 TRY 22.11 TRY 59
Dividend Discount
Gordon GGM 19.62 TRY 40.79 TRY 64.71 TRY 70
DDM Multi-Stage 19.62 TRY 34.40 TRY 42.81 TRY 61
Multiples
P/E Multiple 83.55 TRY 111.40 TRY 139.25 TRY 63
P/S Multiple 71.02 TRY 94.69 TRY 118.36 TRY 58
P/B Multiple 45.52 TRY 60.70 TRY 75.87 TRY 55
EV/EBIT 26.01 TRY 33.80 TRY 41.59 TRY 53
EV/EBITDA 38.75 TRY 50.79 TRY 62.84 TRY 54
EV/Revenue 18.39 TRY 25.14 TRY 31.90 TRY 43
Asset-Based
NCAV (Graham) 10.12 TRY 13.56 TRY 20.23 TRY 50
Growth DCF
Growth DCF 119.02 TRY 233.64 TRY 421.47 TRY 80
Rev-Margin DCF 53.20 TRY 78.05 TRY 131.21 TRY 74
Economic Profit
Residual Income 38.26 TRY 50.80 TRY 312.23 TRY 76
ROIC Compounder 17.48 TRY 19.95 TRY 25.50 TRY 72
Growth Earnings
Growth-Adj P/E 175.85 TRY 251.21 TRY 326.57 TRY 68

Widest divergence: Growth Earnings (251.21 TRY) versus Asset-Based (13.56 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 49.3B TRY
Revenue growth (YoY) +7.9%
Net margin 6.0%
Return on equity 10.2%
Free cash flow 5.1B TRY FY2023
P/E ratio 15.9
More key figures
Operating margin 15.8%
EPS (TTM) 2.78 TRY
EPS growth (YoY) -17.9%
Net cash 1.5B TRY FY2023

Figures from reported company fundamentals · as of Aug 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 63 · Market factors (momentum, volatility) 63

Profitability 59
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 65
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

Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. engages in natural gas distribution activities in Ankara. The company was incorporated in 2007 and is headquartered in Ankara, Turkey. Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. is a subsidiary of Torunlar Enerji Sanayi Ve Tic.A.S.

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

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. reported revenue of 29.1B TRY in FY2023 versus 4.1B TRY in FY2019, a compound +63.6%/yr. Reported net income was 3.9B TRY in FY2023, compounding +75.0%/yr from FY2019.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2023)
29.1B TRY
Latest YoY
+65.3%
Avg. growth/yr (3Y)
+79.4%
Avg. growth/yr (5Y)
+57.1%
Avg. growth/yr (6Y)
+48.9%
Revenue +63.6%/yr
FY19 4.1B TRY
FY20 5.0B TRY
FY21 6.5B TRY
FY22 17.6B TRY
FY23 29.1B TRY
Net income +75.0%/yr
FY19 416M TRY
FY20 533M TRY
FY21 717M TRY
FY22 382M TRY
FY23 3.9B TRY

BASGZ screens 12% overvalued. Compare with Naturgy Energy Group →

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). "Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. Fair Value". https://www.fairvalue-calculator.com/stock/BASGZ

Peer Group

Utilities - Regulated Gas · 104 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 62 · Top 25%
Fair Value upside −12% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 16% · Above median
Revenue growth 8% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.04× · Lower than median

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

P/E (TTM) 15.9× · Cheaper than median
P/B 2.18× · Pricier than median
P/S (TTM) 0.63× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 4.5× · 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 17 · sector 24
FUTURE 40 · sector 0
PAST 41 · sector 34
HEALTH 98 · sector 85
DIVIDEND 0 · sector 69

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 Gas stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
Naturgy Energy Group NTGY €28.84 €35.80 +24%
Atmos Energy Corporation ATO $177.68 $85.67 -52%
NiSource Inc NI $47.07 $28.59 -39%
Uniper SE UN0 €42.80 €49.13 +15%
The Hong Kong and China Gas Company 0003 HK$7.03 HK$5.08 -28%
Italgas S.p.A IG €9.98 €8.11 -19%
GAIL (India) Limited GAIL ₹171.71 ₹147.74 -14%
ENN Natural Gas Co 600803 ¥16.69 ¥25.71 +54%
Adani Total Gas Limited ATGL ₹723.90 ₹101.36 -86%
UGI Corporation UGI $35.84 $27.13 -24%

Compare Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi 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 Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. (BASGZ) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of 39.22 TRY versus a price of 44.50 TRY, about −12% (overvalued).
What is the fair value of BASGZ?
Our model-based fair value for Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. is 39.22 TRY (as of Aug 5, 2026), built from audited fundamentals. The current price is 44.50 TRY.
What is the quality score of BASGZ?
Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. has a Quality Score of 62/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. (BASGZ)?
Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. reported trailing-twelve-month revenue of about 49.3B TRY (latest available figure, as of Aug 5, 2026).
What is the net profit margin of BASGZ?
The net profit margin of Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. is about 6.0%, meaning it keeps roughly 6.0% of revenue as net income. 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 Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi 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.