BVS AS (BVSAN) fair value: what the stock is really worth
We calculate from audited financials what BVS 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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Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi manufactures and sells cranes and custom-designed machinery.
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Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi manufactures and sells cranes and custom-designed machinery. It offers travelling cranes, gantry cranes, process cranes, lifting groups, jib cranes, and crane equipment, as well as provides technical services, spare parts, control, and inspection services for the steel, energy, automotive, shipyards and ports, mining, and industrial production industries. Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi was founded in 1985 and is headquartered in Ankara, Turkey.
Stock analysis
BVS AS (BVSAN) currently trades at 88.75 TRY, while our model-based Fair Value estimate is 101.68 TRY, implying the stock looks roughly 12.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 221.66 TRY per share, and 10 of the 16 models we run sit above the 88.75 TRY price.
Bear case: the Dividend Discount group reads lowest at 13.28 TRY, and 6 of the 16 models stay below the price. Evidence for this calculation is medium.
Scenario range: 76.26 TRY (bear) to 127.10 TRY (bull), the price of 88.75 TRY sits inside 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 35/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
BVS AS reported revenue of 3.2B TRY in FY2025 versus 505M TRY in FY2021, a compound +58.0%/yr. Reported net income was 182M TRY in FY2025, compounding +58.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 4.2B TRY (≈ $86.5M) · P/S ratio 1.27 · EPS (TTM) −1.15 TRY · Dividend yield 0.8% · Net margin 5.8% · Return on equity −0.6% · Return on assets (EBIT) 10.9% · Operating margin 6.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 4% fair-value upside, at 15%, BVSAN screens cheaper than that median.
Fair Value models
Bear 76.26 TRYFair Value 101.68 TRYBull 127.10 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
+92.2%
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.
+67.5%
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What shareholders gained per year (last 5 years), in TRY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+94.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+94.0%
Dividend (yield on the price)0.8%
Profit margin 2020 to 2025 ⓘ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.6% → 15%
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.Farm & Heavy Construction Machinery · 152 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside+1% · Below median
Profitability
Return on assets7% · Top 25%
Net margin (TTM)−1% · Bottom 25%
Operating margin (TTM)6% · Below median
Growth and dividend
Revenue growth65% · Top 25%
Dividend yield (TTM)0.8% · Below median
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
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Cite: Fair Value Calculator (2026). "BVS AS Fair Value". https://www.fairvalue-calculator.com/stock/BVSAN
Frequently asked questions
Is BVS AS (BVSAN) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 101.68 TRY versus a price of 88.75 TRY, about +15% upside (undervalued).
What is the fair value of BVSAN?
Our model-based fair value for BVS AS is 101.68 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 88.75 TRY.
What is the quality score of BVSAN?
BVS AS has a Quality Score of 35/100. 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 BVS AS (BVSAN)?
Our model-based price target is the fair value of 101.68 TRY (as of Sep 13, 2026) from 16 valuation models. Cautious scenario 76.26 TRY, optimistic scenario 127.10 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the BVS AS stock forecast for 2026?
Our models put fair value at 101.68 TRY, about +15% upside versus a price of 88.75 TRY (undervalued). Cautious scenario 76.26 TRY, optimistic scenario 127.10 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of BVS AS (BVSAN)?
BVS AS reported trailing-twelve-month revenue of about 3.3B TRY (latest available figure, as of Sep 13, 2026).
Does BVS AS pay a dividend?
BVS AS currently shows a dividend yield of about 0.78% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of BVS AS (BVSAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BVS AS it is 101.68 TRY per share (as of Sep 13, 2026), against a price of 88.75 TRY. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is BVS AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, BVSAN trades below its calculated fair value: price 88.75 TRY, fair value 101.68 TRY, a gap of about +15% (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 BVSAN?
No. The price is what the market pays today (88.75 TRY); the fair value is what the company's own numbers justify (101.68 TRY). For BVS AS the two are 12.93 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is BVS AS worth?
The market values BVS AS at about 4.2B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 88.75 TRY; our models calculate a fair value of 101.68 TRY per share.
What do the bullish and bearish scenarios say about BVSAN?
Our models span a range for BVS AS: cautious scenario 76.26 TRY, base 101.68 TRY, optimistic 127.10 TRY per share (as of Sep 13, 2026, price 88.75 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of BVS AS (BVSAN)?
Balance-sheet figures for BVS AS (as of Sep 13, 2026): return on equity −0.6%, debt of 0.15 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is BVSAN from its 52-week high?
BVS AS trades at 88.75 TRY, about 46% below its 52-week high of 165.50 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 101.68 TRY is for.
Which stocks are comparable to BVS AS?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, AB Volvo (publ),, PACCAR Inc, 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 BVS AS stock attractive at the current price?
The data as of Sep 13, 2026: price 88.75 TRY, calculated fair value 101.68 TRY (+15%), Quality Score 35/100, from 16 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 BVSAN calculated?
We run BVS AS through 16 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 101.68 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. BVS AS currently trades 15 % 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 BVS AS (BVSAN)?
The closing price on Sep 18, 2026 was 88.75 TRY. Our model-based fair value is 101.68 TRY, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BVS AS right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of BVS AS
How large is the market capitalisation of BVS AS (BVSAN)?
The market capitalisation of BVS AS is 4.2B TRY (≈ $86.5M). 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 BVS AS (BVSAN)?
The price-to-sales ratio of BVS AS is 1.27 (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 BVS AS (BVSAN)?
Earnings per share at BVS AS are −1.15 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BVS AS (BVSAN)?
The dividend yield of BVS AS is 0.8%. 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 BVS AS (BVSAN)?
The net margin of BVS AS is 5.8% (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 BVS AS (BVSAN)?
The return on equity (ROE) of BVS AS is −0.6% (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 BVS AS (BVSAN)?
On an EBIT basis the return on assets of BVS AS is 10.9% (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 BVS AS (BVSAN)?
The operating margin of BVS AS is 6.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BVS AS (BVSAN)?
Revenue at BVS AS is growing +65.2% versus a year earlier (3y avg +16.7%). 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 BVS AS (BVSAN)?
Earnings per share at BVS AS are growing −90.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BVS AS (BVSAN) generate?
The free cash flow of BVS AS is −527M 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 BVS AS (BVSAN) carry?
The net debt of BVS AS is 531M 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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