Birlesim Grup Enerji (BIGEN) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Birlesim Grup Enerji stock TRY 0.72, price TRY 6.42, upside -88.8%, quality 31 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 29, 2026.
How to read this chart
21‑month range 6.42 TRY – 187.00 TRY · fair‑value band 0.4400 TRY – 0.9400 TRY · the 6.42 TRY price screens above the 0.7200 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.
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Birlesim Grup Enerji Yatirimlari A.S. engages in investment, production, and sale of renewable energy in Turkey. It generates energy from solar, wind, hydroelectric, biomass, and geothermal heat resources. The company was founded in 1978 and is headquartered in Istanbul, Turkey.
Stock analysis
Birlesim Grup Enerji (BIGEN) currently trades at 6.42 TRY, while our model-based Fair Value estimate is 0.7200 TRY, 88.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 3.34 TRY per share, and 2 of the 6 models we run sit above the 6.42 TRY price.
Bear case: the Earnings-Based group reads lowest at 0.7200 TRY, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.4400 TRY (bear) to 0.9400 TRY (bull), the price of 6.42 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 31/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Birlesim Grup Enerji reported revenue of 1.5B TRY in FY2025 versus 92.5M TRY in FY2021, a compound +101.2%/yr. Reported net income was −244M TRY in FY2025.
Key figures
Market cap 3.7B TRY (≈ $74.3M) Micro · P/S ratio 3.06 · EPS (TTM) −0.1000 TRY · Net margin −4.6% · Return on equity −1.7% · Return on assets (EBIT) 5.7% · Operating margin 31.0% · Revenue (TTM) 1.2B TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 97% below its 52-week high and at its 52-week low.
For context, the median of 10 Utilities peers we cover trades at −36% fair-value upside, at −89%, BIGEN screens richer than that median.
Fair Value models
Bear0.4400 TRYFair Value 0.7200 TRYBull0.9400 TRY
Price 6.42 TRY · Upside -88.8%
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.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.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+38.6%
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.
+59.1%
’21
’22
’23
’24
’25
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.
43.8% (2021) → 29.1% (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
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 - Renewable · 204 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−88.8% · Bottom 25%
Profitability
Return on assets−3.5% · Bottom 25%
Net margin (12 months)−4.6% · Bottom 25%
Operating margin (12 months)31.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−24.5% · Bottom 25%
Balance sheet
Debt / equity0.59× · Below median
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
P/B1.12× · Cheaper than median
P/S (12 months)3.06× · Pricier than median
EV/EBITDA8.1× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 23
FUTURE (revenue growth)0· sector 13
PAST (return on equity)0· sector 13
HEALTH (low debt)71· sector 71
DIVIDEND (yield)0· sector 48
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). "Birlesim Grup Enerji Fair Value". https://www.fairvalue-calculator.com/stock/BIGEN
Frequently asked questions
Is Birlesim Grup Enerji (BIGEN) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 0.7200 TRY versus a price of 6.42 TRY, about −89% upside (overvalued).
What is the fair value of BIGEN?
Our model-based fair value for Birlesim Grup Enerji is 0.7200 TRY (as of Oct 29, 2026), built from audited fundamentals. The current price: 6.42 TRY.
What is the quality score of BIGEN?
Birlesim Grup Enerji has a Quality Score of 31/100. 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 Birlesim Grup Enerji (BIGEN)?
Our model-based price target is the fair value of 0.7200 TRY (as of Oct 29, 2026) from 6 valuation models. Cautious scenario 0.4400 TRY, optimistic scenario 0.9400 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Birlesim Grup Enerji stock forecast for 2026?
Our models put fair value at 0.7200 TRY, about −89% upside versus a price of 6.42 TRY (overvalued). Cautious scenario 0.4400 TRY, optimistic scenario 0.9400 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Birlesim Grup Enerji (BIGEN)?
Birlesim Grup Enerji reported trailing-twelve-month revenue of about 1.2B TRY (latest available figure, as of Oct 29, 2026).
What is the intrinsic value of Birlesim Grup Enerji (BIGEN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Birlesim Grup Enerji it is 0.7200 TRY per share (as of Oct 29, 2026), against a price of 6.42 TRY. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Birlesim Grup Enerji stock overvalued or undervalued in 2026?
As of Oct 29, 2026, BIGEN trades above its calculated fair value: price 6.42 TRY, fair value 0.7200 TRY, a gap of about −89% (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 BIGEN?
No. The price is what the market pays today (6.42 TRY); the fair value is what the company's own numbers justify (0.7200 TRY). For Birlesim Grup Enerji the two are 5.70 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Birlesim Grup Enerji worth?
The market values Birlesim Grup Enerji at about 3.7B TRY (market capitalisation, as of Oct 29, 2026). Per share that is 6.42 TRY; our models calculate a fair value of 0.7200 TRY per share.
What do the bullish and bearish scenarios say about BIGEN?
Our models span a range for Birlesim Grup Enerji: cautious scenario 0.4400 TRY, base 0.7200 TRY, optimistic 0.9400 TRY per share (as of Oct 29, 2026, price 6.42 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Birlesim Grup Enerji (BIGEN)?
Balance-sheet figures for Birlesim Grup Enerji (as of Oct 29, 2026): return on equity −1.7%, debt of 0.59 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is BIGEN from its 52-week high?
Birlesim Grup Enerji trades at 6.42 TRY, about 97% below its 52-week high of 187.00 TRY and at the low of 6.42 TRY (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 0.7200 TRY is for.
Which stocks are comparable to Birlesim Grup Enerji?
From the same area (Utilities) we also value China Yangtze Power Co, Huaneng Lancang River Hydropower Inc, VERBUND AG, Ørsted A/S, 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 Birlesim Grup Enerji stock attractive at the current price?
The data as of Oct 29, 2026: price 6.42 TRY, calculated fair value 0.7200 TRY (−89%), Quality Score 31/100, from 6 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 BIGEN calculated?
We run Birlesim Grup Enerji through 6 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 0.7200 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 13.1 % above its aggregate fair value. Birlesim Grup Enerji 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 Birlesim Grup Enerji (BIGEN)?
The closing price on Oct 28, 2026 was 6.42 TRY. Our model-based fair value is 0.7200 TRY, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Birlesim Grup Enerji right now?
The price sits above even our optimistic bull case (0.9400 TRY). The favourable scenario is already priced in. Weak quality (31/100) 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. A fairly wide model range (0.4400 TRY to 0.9400 TRY) leaves room in how you read the outcome.
Key figures of Birlesim Grup Enerji
How large is the market capitalisation of Birlesim Grup Enerji (BIGEN)?
The market capitalisation of Birlesim Grup Enerji is 3.7B TRY (≈ $74.3M). 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 Birlesim Grup Enerji (BIGEN)?
The price-to-sales ratio of Birlesim Grup Enerji is 3.06 (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 Birlesim Grup Enerji (BIGEN)?
Earnings per share at Birlesim Grup Enerji are −0.1000 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Birlesim Grup Enerji (BIGEN)?
The net margin of Birlesim Grup Enerji is −4.6% (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 Birlesim Grup Enerji (BIGEN)?
The return on equity (ROE) of Birlesim Grup Enerji is −1.7% (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 Birlesim Grup Enerji (BIGEN)?
On an EBIT basis the return on assets of Birlesim Grup Enerji is 5.7% (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 Birlesim Grup Enerji (BIGEN)?
The operating margin of Birlesim Grup Enerji is 31.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Birlesim Grup Enerji (BIGEN)?
Revenue at Birlesim Grup Enerji is growing −24.5% versus a year earlier (3y avg +59.1%). 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 Birlesim Grup Enerji (BIGEN)?
Earnings per share at Birlesim Grup Enerji are growing −83.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Birlesim Grup Enerji (BIGEN) generate?
The free cash flow of Birlesim Grup Enerji is −65.5M 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 Birlesim Grup Enerji (BIGEN) carry?
The net debt of Birlesim Grup Enerji is 2.4B 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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Thin data
Oct 29, 2026