EN DE

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi (BVSAN) Fair Value & Analysis

Industrials · TR · Market cap 4.2B TRY

BV Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi BVSAN · IS
Price112.20 TRY
Fair Value101.68 TRY
Upside-9.4%
Quality37/100
Expensive Growth
Loss-making · -0.7% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/11)
Narrow moat 24/100
Watch Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi for free, get notified when fair value or trend changes. Watch for free
Evidence: High Range 76.26 TRY – 127.10 TRY Share as image

Fair value as of: Aug 5, 2026

From 16 valuation models · updated today

Share price −4.3% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 76.26 TRY (bear) to 127.10 TRY (bull), base 101.68 TRY. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 37/100 (below-average quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (4 years)

152.50 TRY 33.47 TRY Fair Value 101.68 TRY Feb 2023 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

42‑month range 33.47 TRY – 152.50 TRY · fair‑value band 76.26 TRY – 127.10 TRY · the 112.20 TRY price screens above the 101.68 TRY fair value. Dashed = 300-day average. As of Aug 5, 2026.

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

Analysis

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi (BVSAN) currently trades at 112.20 TRY, while our model-based Fair Value estimate is 101.68 TRY, implying the stock looks roughly 9.4% fairly valued today. We read business quality at 37/100 (below-average quality), in the Industrials 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: high).

Over the trailing twelve months, Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi generated revenue of 3.3B TRY at a net margin of -0.7%. Revenue grew 65.2% year over year. It earns a return on equity of -0.6%. Net debt stands at 531M TRY. Fundamentals as of Aug 5, 2026

Our scenario range runs from 76.26 TRY (bear case) to 127.10 TRY (bull case); at 112.20 TRY, the current price sits within that range. The share trades about 32% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -9%, BVSAN 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
Residual Income 52.70 TRY 55.39 TRY 59.49 TRY 76
ROIC Compounder 110.33 TRY 157.23 TRY 196.29 TRY 72
Gordon GGM 7.71 TRY 15.37 TRY 23.27 TRY 70
All 16 models by family
Earnings-Based
Graham-Dodd 32.92 TRY 229.61 TRY 322.22 TRY 54
Lynch FV 118.62 TRY 169.46 TRY 220.30 TRY 50
PEG = 1.0 118.62 TRY 169.46 TRY 220.30 TRY 46
EPV 86.90 TRY 101.43 TRY 113.96 TRY 59
Dividend Discount
Gordon GGM 7.71 TRY 15.37 TRY 23.27 TRY 70
DDM Multi-Stage 7.71 TRY 13.28 TRY 16.22 TRY 61
Multiples
P/E Multiple 72.63 TRY 96.84 TRY 121.04 TRY 63
P/S Multiple 61.73 TRY 82.31 TRY 102.89 TRY 58
P/B Multiple 61.73 TRY 82.31 TRY 102.89 TRY 55
EV/EBIT 167.85 TRY 225.50 TRY 283.16 TRY 53
EV/EBITDA 141.74 TRY 190.70 TRY 239.66 TRY 54
EV/Revenue 111.47 TRY 161.44 TRY 211.41 TRY 43
Asset-Based
NCAV (Graham) 32.76 TRY 43.90 TRY 65.53 TRY 50
Economic Profit
Residual Income 52.70 TRY 55.39 TRY 59.49 TRY 76
ROIC Compounder 110.33 TRY 157.23 TRY 196.29 TRY 72
Growth Earnings
Growth-Adj P/E 152.86 TRY 218.36 TRY 283.87 TRY 68

Widest divergence: Growth Earnings (218.36 TRY) versus Dividend Discount (13.28 TRY). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 3.3B TRY
Revenue growth (YoY) +65.2%
Net margin -0.7%
Return on equity -0.6%
Free cash flow −527M TRY FY2025
Operating margin 6.3%
More key figures
EPS (TTM) -1.15 TRY
EPS growth (YoY) -90.7%
Net debt 531M TRY FY2025

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

Quality Score breakdown

Overall quality 37/100

Of which business quality 37 · Market factors (momentum, volatility) 44

Profitability 37
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 21
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 36
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

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 …

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi 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.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.2B TRY
Latest YoY
−12.2%
Avg. growth/yr (3Y)
+16.7%
Avg. growth/yr (5Y)
+62.8%
Avg. growth/yr (6Y)
+50.4%
Revenue +58.0%/yr
FY21 505M TRY
FY22 2.0B TRY
FY23 3.1B TRY
FY24 3.6B TRY
FY25 3.2B TRY
Net income +58.2%/yr
FY21 29.1M TRY
FY22 63.7M TRY
FY23 356M TRY
FY24 497M TRY
FY25 182M TRY

Watch BVSAN: get an alert when its fair value changes →

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). "Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/BVSAN

Peer Group

Farm & Heavy Construction Machinery · 153 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 37 · Bottom 25%
Fair Value upside −9% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 6% · Below median
Revenue growth 65% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/S (TTM) 0.03× · Cheaper than 75% of peers
EV/EBITDA 0.6× · 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 21 · sector 14
FUTURE 100 · sector 31
PAST 0 · sector 30
HEALTH 92 · sector 93
DIVIDEND 0 · sector 33

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 Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $952.41 $307.83 -68%
Deere & Company DE $597.24 $187.86 -69%
AB Volvo (publ), VOLVA kr 336.60 kr 288.08 -14%
PACCAR Inc PCAR $126.20 $94.80 -25%
Epiroc AB EPIA kr 251.90 kr 144.14 -43%
Exor N.V EXO €69.40 €219.41 +216%
Sany Heavy Industry Co 600031 ¥18.65 ¥20.84 +12%
XCMG Construction Machinery Co 000425 ¥8.39 ¥11.79 +41%
Sinotruk (Hong Kong) Limited 3808 HK$40.26 HK$53.18 +32%
Ashok Leyland Limited ASHOKLEY ₹157.49 ₹124.10 -21%

Compare Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials 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 Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi (BVSAN) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of 101.68 TRY versus a price of 112.20 TRY, about −9% (fairly valued).
What is the fair value of BVSAN?
Our model-based fair value for Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi is 101.68 TRY (as of Aug 5, 2026), built from audited fundamentals. The current price is 112.20 TRY.
What is the quality score of BVSAN?
Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi has a Quality Score of 37/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi (BVSAN)?
Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi reported trailing-twelve-month revenue of about 3.3B TRY (latest available figure, as of Aug 5, 2026).
What is the net profit margin of BVSAN?
The net profit margin of Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi is about -0.7%, meaning it is currently running at a net loss. 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 Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi 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.