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CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi (CWENE) Fair Value & Analysis

Technology · TR · Market cap 47.7B TRY

CE CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi CWENE · IS
Price44.20 TRY
Fair Value35.09 TRY
Upside-20.6%
Quality46/100
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Expensive Growth
Solidly profitable · 15.5% net margin
Low debt · negative free cash flow
Ranks above peers (8/12)
Moderate moat 54/100
Evidence: Medium Range 24.56 TRY – 45.40 TRY Share as image

Fair value as of: Aug 6, 2026

From 14 valuation models · updated today

Share price +10.5% over the past month.

Below-average quality, and screening another 21% overvalued on our models.

What matters now

  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (24.56 TRY to 45.40 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

46.37 TRY 12.45 TRY Fair Value 35.09 TRY May 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

39‑month range 12.45 TRY – 46.37 TRY · fair‑value band 24.56 TRY – 45.40 TRY · the 44.20 TRY price screens above the 35.09 TRY fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi (CWENE) currently trades at 44.20 TRY, while our model-based Fair Value estimate is 35.09 TRY, implying the stock looks roughly 20.6% overvalued today. We read business quality at 46/100 (below-average quality), in the Technology 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, CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi generated revenue of 18.6B TRY at a net margin of 15.5%. Revenue grew 25.9% year over year. It earns a return on equity of 20.0%. Net debt stands at 5.0B TRY. Fundamentals as of Aug 6, 2026

Our scenario range runs from 24.56 TRY (bear case) to 45.40 TRY (bull case); at 44.20 TRY, the current price sits within that range. The share trades about 2% below its 52-week high and 190% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at 5% fair-value upside, at -21%, CWENE 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
Residual Income 13.61 TRY 17.92 TRY 53.02 TRY 76
ROIC Compounder 18.85 TRY 25.71 TRY 35.04 TRY 72
Growth-Adj P/E 24.56 TRY 35.09 TRY 45.62 TRY 68
All 14 models by family
Earnings-Based
Graham-Dodd 13.97 TRY 58.53 TRY 79.84 TRY 54
Lynch FV 14.84 TRY 21.20 TRY 27.56 TRY 50
PEG = 1.0 14.84 TRY 21.20 TRY 27.56 TRY 46
EPV 17.26 TRY 20.31 TRY 22.98 TRY 59
Multiples
P/E Multiple 30.81 TRY 41.09 TRY 51.36 TRY 63
P/S Multiple 26.19 TRY 34.92 TRY 43.65 TRY 58
P/B Multiple 26.19 TRY 34.92 TRY 43.65 TRY 55
EV/EBIT 31.80 TRY 42.75 TRY 53.70 TRY 53
EV/EBITDA 28.96 TRY 38.97 TRY 48.97 TRY 54
EV/Revenue 21.09 TRY 30.58 TRY 40.07 TRY 43
Asset-Based
NCAV (Graham) 6.47 TRY 8.67 TRY 12.94 TRY 50
Economic Profit
Residual Income 13.61 TRY 17.92 TRY 53.02 TRY 76
ROIC Compounder 18.85 TRY 25.71 TRY 35.04 TRY 72
Growth Earnings
Growth-Adj P/E 24.56 TRY 35.09 TRY 45.62 TRY 68

Widest divergence: Growth Earnings (35.09 TRY) versus Asset-Based (8.67 TRY). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 18.6B TRY
Revenue growth (YoY) +25.9%
Net margin 15.5%
Return on equity 20.0%
Free cash flow −5.7B TRY FY2025
P/E ratio 18.5
More key figures
Operating margin 6.8%
EPS (TTM) 2.39 TRY
EPS growth (YoY) +98.8%
Net debt 5.0B TRY FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 31 · Market factors (momentum, volatility) 79

Profitability 47
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 98
Distance to the 52-week high (market factor)
Net Issuance 2
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

CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi operates in the photovoltaic power generation sector in Turkey. It provides solar panels; solar packs; heating, cooling, and hot water products; inverters; solar equipment; electric vehicle chargers; charge controllers; energy storage solutions; and solar lighting solutions.

Full company description

CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi operates in the photovoltaic power generation sector in Turkey. It provides solar panels; solar packs; heating, cooling, and hot water products; inverters; solar equipment; electric vehicle chargers; charge controllers; energy storage solutions; and solar lighting solutions. The company also offers solar powered camera systems and signages, LED lighting systems, solar-powered irrigation systems, off-grid and on-grid solutions, technical service and maintenance agreement, and application and follow-up counseling services. CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi was incorporated in 2010 and is headquartered in Antalya, Turkey.

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

Revenue & earnings trend

FY2023 – FY2025 · reported fiscal years

CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi reported revenue of 16.4B TRY in FY2025 versus 16.6B TRY in FY2023, a compound −0.8%/yr. Reported net income was 2.2B TRY in FY2025, compounding +101.3%/yr from FY2023.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
16.4B TRY
Latest YoY
+18.8%
Revenue −0.8%/yr
FY23 16.6B TRY
FY24 13.8B TRY
FY25 16.4B TRY
Net income +101.3%/yr
FY23 547M TRY
FY24 478M TRY
FY25 2.2B TRY

CWENE screens 21% overvalued. Compare with First Solar, Inc →

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Cite: Fair Value Calculator (2026). "CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/CWENE

Peer Group

Solar · 120 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 46 · Top 25%
Fair Value upside −21% · Below median
Return on equity (TTM) 20% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 7% · Above median
Revenue growth 26% · Above median
Debt / equity 0.12× · Lower than median

Valuation Multiples vs Solar median · lower = cheaper

P/E (TTM) 18.5× · Cheaper than median
P/B 3.42× · Pricier than 75% of peers
P/S (TTM) 2.56× · Pricier than 75% of peers
EV/EBITDA 13.9× · Pricier than median

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 6 · sector 21
FUTURE 100 · sector 0
PAST 80 · sector 0
HEALTH 94 · sector 84
DIVIDEND 0 · sector 11

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 Solar stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $221.03 $284.45 +29%
Nextpower Inc NXT $111.50 $69.61 -38%
Tongwei Co 600438 ¥11.12 ¥12.13 +9%
Waaree Energies Limited WAAREEENER ₹2,923 ₹3,613 +24%
Jinko Solar Co 688223 ¥4.39 ¥4.75 +8%
Hengdian Group 002056 ¥21.64 ¥22.76 +5%
CSI Solar Co 688472 ¥10.11 ¥7.01 -31%
Enphase Energy, Inc ENPH $44.83 $22.20 -50%
Premier Energies Limited PREMIERENE ₹1,086 ₹912.32 -16%
Trina Solar Co 688599 ¥12.98 ¥7.97 -39%

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Frequently asked questions

Is CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi (CWENE) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of 35.09 TRY versus a price of 44.20 TRY, about −21% (overvalued).
What is the fair value of CWENE?
Our model-based fair value for CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi is 35.09 TRY (as of Aug 6, 2026), built from audited fundamentals. The current price is 44.20 TRY.
What is the quality score of CWENE?
CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi has a Quality Score of 46/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi (CWENE)?
CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi reported trailing-twelve-month revenue of about 18.6B TRY (latest available figure, as of Aug 6, 2026).
What is the net profit margin of CWENE?
The net profit margin of CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi is about 15.5%, meaning it keeps roughly 15.5% 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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