Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM) fair value: what the stock is really worth
We calculate from audited financials what Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 3.50 TRY – 42.64 TRY · fair‑value band 15.00 TRY – 24.69 TRY · the 14.29 TRY price screens below the 20.95 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Birlesim Mühendislik Isitma Sogutma Havalandirma Sanayi ve Ticaret Anonim Sirketi provides heating, cooling, ventilation, and other mechanical installation services.
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Birlesim Mühendislik Isitma Sogutma Havalandirma Sanayi ve Ticaret Anonim Sirketi provides heating, cooling, ventilation, and other mechanical installation services. The company also offers heating cooling systems, specialized ventilation systems, sanitary installation, fire protection and fire stop systems, natural gas distribution systems, and medical gas systems, as well as testing, adjusting, and commissioning solutions. It serves hospitals and medical buildings, industrial facilities, business and life centers, commercial buildings, hotels, shopping centers, and residences. Birlesim Mühendislik Isitma Sogutma Havalandirma Sanayi ve Ticaret Anonim Sirketi was incorporated in 2002 and is headquartered in Istanbul, Turkey.
Stock analysis
Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM) currently trades at 14.29 TRY, while our model-based Fair Value estimate is 20.95 TRY, implying the stock looks roughly 31.8% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 32.45 TRY per share, and 5 of the 6 models we run sit above the 14.29 TRY price.
Bear case: the Asset-Based group reads lowest at 4.96 TRY, and 1 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 15.00 TRY (bear) to 24.69 TRY (bull), the price of 14.29 TRY sits below 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 28/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS reported revenue of 4.7B TRY in FY2025 versus 620M TRY in FY2021, a compound +65.7%/yr. Reported net income was −201M TRY in FY2025.
Key figures
Market cap 3.2B TRY (≈ $65.6M) · P/S ratio 0.66 · EPS (TTM) −1.39 TRY · Dividend yield 1.5% · Net margin −4.3% · Return on equity −21.6% · Return on assets (EBIT) 10.0% · Operating margin 6.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 44% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −30% fair-value upside, at 47%, BRLSM screens cheaper than that median.
Fair Value models
Bear 15.00 TRYFair Value 20.95 TRYBull 24.69 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.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−11.1%
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.
+50.8%
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.
+51.9%
Revenue growth 7 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.
+44.4%
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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.
12.7% (2020) → 8.6% (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
Compare Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS with another stock
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.Engineering & Construction · 818 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside+14% · Above median
Profitability
Return on assets3% · Above median
Net margin (TTM)−6% · Bottom 25%
Operating margin (TTM)6% · Above median
Growth and dividend
Revenue growth57% · Top 25%
Dividend yield (TTM)1.5% · Below median
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS Fair Value". https://www.fairvalue-calculator.com/stock/BRLSM
Frequently asked questions
Is Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 20.95 TRY versus a price of 14.29 TRY, about +47% upside (undervalued).
What is the fair value of BRLSM?
Our model-based fair value for Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS is 20.95 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 14.29 TRY.
What is the quality score of BRLSM?
Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS has a Quality Score of 28/100. 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 Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
Our model-based price target is the fair value of 20.95 TRY (as of Sep 13, 2026) from 6 valuation models. Cautious scenario 15.00 TRY, optimistic scenario 24.69 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS stock forecast for 2026?
Our models put fair value at 20.95 TRY, about +47% upside versus a price of 14.29 TRY (undervalued). Cautious scenario 15.00 TRY, optimistic scenario 24.69 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS reported trailing-twelve-month revenue of about 5.2B TRY (latest available figure, as of Sep 13, 2026).
Does Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS pay a dividend?
Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS currently shows a dividend yield of about 1.50% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS it is 20.95 TRY per share (as of Sep 13, 2026), against a price of 14.29 TRY. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, BRLSM trades below its calculated fair value: price 14.29 TRY, fair value 20.95 TRY, a gap of about +47% (undervalued). 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 BRLSM?
No. The price is what the market pays today (14.29 TRY); the fair value is what the company's own numbers justify (20.95 TRY). For Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS the two are 6.66 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS worth?
The market values Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS at about 3.2B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 14.29 TRY; our models calculate a fair value of 20.95 TRY per share.
What do the bullish and bearish scenarios say about BRLSM?
Our models span a range for Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS: cautious scenario 15.00 TRY, base 20.95 TRY, optimistic 24.69 TRY per share (as of Sep 13, 2026, price 14.29 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
Balance-sheet figures for Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (as of Sep 13, 2026): return on equity −21.6%, debt of 0.05 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is BRLSM from its 52-week high?
Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS trades at 14.29 TRY, about 44% below its 52-week high of 25.48 TRY and 10% above the low of 12.98 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 20.95 TRY is for.
Which stocks are comparable to Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi 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 Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS stock attractive at the current price?
The data as of Sep 13, 2026: price 14.29 TRY, calculated fair value 20.95 TRY (+47%), Quality Score 28/100, 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 BRLSM calculated?
We run Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS 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 20.95 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 15.8 % above its aggregate fair value. Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS currently trades 47 % below its own fair value, and the market average says nothing about that. 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 Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
The closing price on Sep 18, 2026 was 14.29 TRY. Our model-based fair value is 20.95 TRY, about +47% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS right now?
The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (15.00 TRY). The market is more pessimistic than our downside scenario. 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 Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS
How large is the market capitalisation of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
The market capitalisation of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS is 3.2B TRY (≈ $65.6M). 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 Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
The price-to-sales ratio of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS is 0.66 (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 Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
Earnings per share at Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS are −1.39 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
The dividend yield of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS is 1.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
The net margin of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS is −4.3% (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 Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
The return on equity (ROE) of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS is −21.6% (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 Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
On an EBIT basis the return on assets of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS is 10.0% (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 Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
The operating margin of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS is 6.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
Revenue at Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS is growing +57.0% versus a year earlier (3y avg +50.8%). 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 Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM)?
Earnings per share at Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS are growing −71.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM) generate?
The free cash flow of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS is −135M 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 Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM) carry?
The net debt of Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS is 960M 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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