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Best Brands Grup Enerji Yatirim A.S. (BESTE) Fair Value & Analysis

Utilities · TR · Market cap 5.3B TRY

BB Best Brands Grup Enerji Yatirim A.S. BESTE · IS
Price27.96 TRY
Fair Value12.58 TRY
Upside-55.0%
Quality57/100
Mixed Growth
Highly profitable · 26.1% net margin
Low debt · generates free cash flow
Trails peers (5/13)
Narrow moat 35/100
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Evidence: Medium Range 5.24 TRY – 18.78 TRY Share as image

Fair value as of: Aug 5, 2026

From 19 valuation models · updated today

Share price −19.1% over the past month.

A solid business, but screening 55% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (18.78 TRY). The favourable scenario is already priced in.
  • The model range is unusually wide (5.24 TRY to 18.78 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (6 months)

47.78 TRY 14.70 TRY Fair Value 12.58 TRY Feb 2026 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 5, 2026.

How to read this chart

6‑month range 14.70 TRY – 47.78 TRY · fair‑value band 5.24 TRY – 18.78 TRY · the 27.96 TRY price screens above the 12.58 TRY fair value. As of Aug 5, 2026.

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Analysis

Best Brands Grup Enerji Yatirim A.S. (BESTE) currently trades at 27.96 TRY, while our model-based Fair Value estimate is 12.58 TRY, implying the stock looks roughly 55.0% overvalued today. We read business quality at 57/100 (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, Best Brands Grup Enerji Yatirim A.S. generated revenue of 433M TRY at a net margin of 26.1%. Revenue declined 23.0% year over year. It earns a return on equity of 5.8%. Net debt stands at 348M TRY. Fundamentals as of Aug 5, 2026

Our scenario range runs from 5.24 TRY (bear case) to 18.78 TRY (bull case); at 27.96 TRY, the current price sits above that range. The share trades about 44% below its 52-week high and 90% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at -55%, BESTE 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 34.42 TRY 62.79 TRY 118.32 TRY 80
ROIC Compounder 1.70 TRY 2.15 TRY 2.54 TRY 72
Growth-Adj P/E 18.90 TRY 27.00 TRY 35.10 TRY 68
All 19 models by family
DCF Models
FCF DCF 36.73 TRY 57.17 TRY 120.88 TRY 38
5Y Revenue Exit 12.53 TRY 17.37 TRY 27.05 TRY 39
5Y P/E Exit 18.22 TRY 35.58 TRY 58.12 TRY 38
10Y Revenue Exit 19.88 TRY 33.08 TRY 37.77 TRY 36
10Y P/E Exit 24.10 TRY 45.05 TRY 76.92 TRY 35
Earnings-Based
Graham-Dodd 5.24 TRY 36.57 TRY 51.32 TRY 54
Lynch FV 15.51 TRY 22.16 TRY 28.81 TRY 50
PEG = 1.0 15.51 TRY 22.16 TRY 28.81 TRY 46
EPV 1.70 TRY 2.15 TRY 2.54 TRY 59
Multiples
P/E Multiple 11.57 TRY 15.42 TRY 19.28 TRY 63
P/S Multiple 4.09 TRY 5.46 TRY 6.82 TRY 58
P/B Multiple 9.83 TRY 13.11 TRY 16.39 TRY 55
EV/EBIT 4.20 TRY 5.98 TRY 7.77 TRY 53
EV/Revenue 2.46 TRY 4.00 TRY 5.55 TRY 43
Asset-Based
NCAV (Graham) 9.39 TRY 12.58 TRY 18.78 TRY 50
Growth DCF
Growth DCF 34.42 TRY 62.79 TRY 118.32 TRY 80
Economic Profit
Residual Income 13.82 TRY 13.63 TRY 12.11 TRY 61
ROIC Compounder 1.70 TRY 2.15 TRY 2.54 TRY 72
Growth Earnings
Growth-Adj P/E 18.90 TRY 27.00 TRY 35.10 TRY 68

Widest divergence: Growth DCF (62.79 TRY) versus Economic Profit (2.15 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 433M TRY
Revenue growth (YoY) -23.0%
Net margin 26.1%
Return on equity 5.8%
Free cash flow 377M TRY FY2024
P/E ratio 24.0
More key figures
Operating margin -98.5%
EPS (TTM) 1.17 TRY
EPS growth (YoY) -72.3%
Net debt 348M TRY FY2024

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 68 · Market factors (momentum, volatility) 36

Profitability 33
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 80
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

Best Brands Grup Enerji Yatirim A.S. engages in the production of electrical energy from solar power plants and the sale of the produced energy to transmission companies in Turkey.

Full company description

Best Brands Grup Enerji Yatirim A.S. engages in the production of electrical energy from solar power plants and the sale of the produced energy to transmission companies in Turkey. The company engages in solar energy electricity generation activities with licensed and unlicensed power plants located in Erzurum, Erzincan, Bilecik, Isparta, Kayseri, and Bitlis. Best Brands Grup Enerji Yatirim A.S. was incorporated in 2018 and is headquartered in Istanbul, Turkey. Best Brands Grup Enerji Yatirim A.S. operates as a subsidiary of SÜRKIT HOLDING A.S.

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

Revenue & earnings trend

FY2022 – FY2024 · reported fiscal years

Best Brands Grup Enerji Yatirim A.S. reported revenue of 345M TRY in FY2024 versus 179M TRY in FY2022, a compound +38.9%/yr. Reported net income was 122M TRY in FY2024, compounding +32.3%/yr from FY2022.

Growth Quality 87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
345M TRY
Latest YoY
+20.2%
Revenue +38.9%/yr
FY22 179M TRY
FY23 288M TRY
FY24 345M TRY
Net income +32.3%/yr
FY22 69.7M TRY
FY23 52.9M TRY
FY24 122M TRY

BESTE screens 55% overvalued. Compare with China Yangtze Power Co →

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Cite: Fair Value Calculator (2026). "Best Brands Grup Enerji Yatirim A.S. Fair Value". https://www.fairvalue-calculator.com/stock/BESTE

Peer Group

Utilities - Renewable · 220 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 57 · Top 25%
Fair Value upside −55% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 2% · Below median
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) -99% · Bottom 25%
Revenue growth -23% · Bottom 25%
Debt / equity 0.07× · Lower than 75% of peers

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 24.0× · Pricier than median
P/B 1.78× · Pricier than median
P/S (TTM) 12.18× · Pricier than 75% of peers
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 28.6× · Pricier 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 9
FUTURE 0 · sector 0
PAST 23 · sector 11
HEALTH 97 · sector 67
DIVIDEND 0 · sector 53

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

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

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Frequently asked questions

Is Best Brands Grup Enerji Yatirim A.S. (BESTE) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of 12.58 TRY versus a price of 27.96 TRY, about −55% (overvalued).
What is the fair value of BESTE?
Our model-based fair value for Best Brands Grup Enerji Yatirim A.S. is 12.58 TRY (as of Aug 5, 2026), built from audited fundamentals. The current price is 27.96 TRY.
What is the quality score of BESTE?
Best Brands Grup Enerji Yatirim A.S. has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Best Brands Grup Enerji Yatirim A.S. (BESTE)?
Best Brands Grup Enerji Yatirim A.S. reported trailing-twelve-month revenue of about 433M TRY (latest available figure, as of Aug 5, 2026).
What is the net profit margin of BESTE?
The net profit margin of Best Brands Grup Enerji Yatirim A.S. is about 26.1%, meaning it keeps roughly 26.1% 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.

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