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Emek Elektrik Endustrisi Anonim Sirketi (EMKEL) Fair Value & Analysis

Industrials · TR · Market cap 2.8B TRY

EE Emek Elektrik Endustrisi Anonim Sirketi EMKEL · IS
Price18.70 TRY
Fair Value2.11 TRY
Upside-88.7%
Quality25/100
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Mixed Growth
Thin margins · 5.2% net margin
Low debt · negative free cash flow
Trails peers (4/12)
Narrow moat 38/100
Evidence: Low Range 1.47 TRY – 2.74 TRY Share as image

Fair value as of: Aug 8, 2026

From 4 valuation models · updated yesterday

Share price −4.3% over the past month.

Below-average quality, and screening another 89% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2.74 TRY). The favourable scenario is already priced in.
  • Weak quality (25/100) 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 (1.47 TRY to 2.74 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

125.70 TRY 0.9333 TRY Fair Value 2.11 TRY May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range 0.9333 TRY – 125.70 TRY · fair‑value band 1.47 TRY – 2.74 TRY · the 18.70 TRY price screens above the 2.11 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

Full chart & analysis →

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Analysis

Emek Elektrik Endustrisi Anonim Sirketi (EMKEL) currently trades at 18.70 TRY, while our model-based Fair Value estimate is 2.11 TRY, implying the stock looks roughly 88.7% overvalued today. The Quality Score stands at 25/100 (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: low).

Over the trailing twelve months, Emek Elektrik Endustrisi Anonim Sirketi generated revenue of 976M TRY at a net margin of 5.2%. Revenue grew 55.7% year over year. It earns a return on equity of 5.6%. Net debt stands at 64.2M TRY. Fundamentals as of Aug 8, 2026

Our scenario range runs from 1.47 TRY (bear case) to 2.74 TRY (bull case); at 18.70 TRY, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -89%, EMKEL 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
Gordon GGM 0.0500 TRY 0.1000 TRY 0.1400 TRY 70
DDM Multi-Stage 0.0500 TRY 0.0800 TRY 0.1000 TRY 61
EV/EBITDA 2.35 TRY 2.99 TRY 3.62 TRY 54
All 4 models by family
Dividend Discount
Gordon GGM 0.0500 TRY 0.1000 TRY 0.1400 TRY 70
DDM Multi-Stage 0.0500 TRY 0.0800 TRY 0.1000 TRY 61
Multiples
EV/EBITDA 2.35 TRY 2.99 TRY 3.62 TRY 54
Asset-Based
NCAV (Graham) 3.27 TRY 4.38 TRY 6.53 TRY 50

Widest divergence: Asset-Based (4.38 TRY) versus Dividend Discount (0.0800 TRY). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) 976M TRY
Revenue growth (YoY) +55.7%
Net margin 5.2%
Return on equity 5.6%
Free cash flow −487M TRY FY2025
P/E ratio 55.0
More key figures
Operating margin 16.9%
EPS (TTM) 0.3400 TRY
EPS growth (YoY) +417%
Net debt 64.2M TRY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 25/100

Of which business quality 29 · Market factors (momentum, volatility) 22

Profitability 10
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 77
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

Emek Elektrik Endustrisi Anonim Sirketi engages in the production, testing, marketing, and sale of transformers, capacitors, disconnectors, separators, and electromechanical equipment in Turkey and internationally. It offers oil and epoxy resin current and voltage transformers. The company was incorporated in 1969 and is based in Ankara, Turkey.

Full company description

Emek Elektrik Endustrisi Anonim Sirketi engages in the production, testing, marketing, and sale of transformers, capacitors, disconnectors, separators, and electromechanical equipment in Turkey and internationally. It offers oil and epoxy resin current and voltage transformers. The company was incorporated in 1969 and is based in Ankara, Turkey. Emek Elektrik Endustrisi Anonim Sirketi operates as a subsidiary of Emek Elektrik USA Inc.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Emek Elektrik Endustrisi Anonim Sirketi reported revenue of 876M TRY in FY2025 versus 237M TRY in FY2021, a compound +38.7%/yr. Reported net income was −56.7M TRY in FY2025.

Growth Quality 38/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
876M TRY
Latest YoY
−13.9%
Avg. growth/yr (3Y)
+21.5%
Avg. growth/yr (20Y)
+24.0%
Revenue +38.7%/yr
FY21 237M TRY
FY22 488M TRY
FY23 611M TRY
FY24 1.0B TRY
FY25 876M TRY
Net income
FY21 12.3M TRY
FY22 −39.9M TRY
FY23 −31.9M TRY
FY24 −14.8M TRY
FY25 −56.7M TRY

EMKEL screens 89% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Emek Elektrik Endustrisi Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/EMKEL

Peer Group

Electrical Equipment & Parts · 527 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 25 · Bottom 25%
Fair Value upside −89% · Bottom 25%
Return on equity (TTM) 6% · Below median
Return on assets 1% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 17% · Top 25%
Revenue growth 56% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 55.0× · Pricier than median
P/B 2.86× · Pricier than median
P/S (TTM) 2.88× · Pricier than median
EV/EBITDA 30.3× · 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 0 · sector 0
FUTURE 100 · sector 57
PAST 22 · sector 26
HEALTH 100 · sector 97
DIVIDEND 0 · sector 18

VALUE 0: the price sits above our fair-value range.

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Emek Elektrik Endustrisi Anonim Sirketi (EMKEL) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 2.11 TRY versus a price of 18.70 TRY, about −89% (overvalued).
What is the fair value of EMKEL?
Our model-based fair value for Emek Elektrik Endustrisi Anonim Sirketi is 2.11 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 18.70 TRY.
What is the quality score of EMKEL?
Emek Elektrik Endustrisi Anonim Sirketi has a Quality Score of 25/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Emek Elektrik Endustrisi Anonim Sirketi (EMKEL)?
Emek Elektrik Endustrisi Anonim Sirketi reported trailing-twelve-month revenue of about 976M TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of EMKEL?
The net profit margin of Emek Elektrik Endustrisi Anonim Sirketi is about 5.2%, meaning it keeps roughly 5.2% 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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