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Enda Enerji Holding (ENDAE) Fair Value & Analysis

Utilities · TR · Market cap 6.3B TRY

EE Enda Enerji Holding ENDAE · IS
Price16.80 TRY
Fair Value9.69 TRY
Upside-42.3%
Quality27/100
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Expensive Growth
Loss-making · -34.8% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 22/100
Evidence: Low Range 7.17 TRY – 12.21 TRY Share as image

Fair value as of: Aug 8, 2026

From 2 valuation models · updated yesterday

Share price −0.7% over the past month.

Below-average quality, and screening another 42% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (12.21 TRY). The favourable scenario is already priced in.
  • Weak quality (27/100) 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.
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Price vs Fair Value (8 months)

21.94 TRY 13.00 TRY Fair Value 9.69 TRY Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 8, 2026.

How to read this chart

8‑month range 13.00 TRY – 21.94 TRY · fair‑value band 7.17 TRY – 12.21 TRY · the 16.80 TRY price screens above the 9.69 TRY fair value. As of Aug 8, 2026.

Full chart & analysis →

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Analysis

Enda Enerji Holding (ENDAE) currently trades at 16.80 TRY, while our model-based Fair Value estimate is 9.69 TRY, implying the stock looks roughly 42.3% overvalued today. The Quality Score stands at 27/100 (below-average quality), in the Utilities 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, Enda Enerji Holding generated revenue of 1.2B TRY at a net margin of -34.8%. Revenue grew 8.0% year over year. It earns a return on equity of -5.0%. Net debt stands at 194M TRY. Fundamentals as of Aug 8, 2026

Our scenario range runs from 7.17 TRY (bear case) to 12.21 TRY (bull case); at 16.80 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. The share trades about 29% below its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at -42%, ENDAE 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
EV/EBITDA 15.41 TRY 19.27 TRY 23.12 TRY 54
NCAV (Graham) 12.66 TRY 16.97 TRY 25.33 TRY 50
All 2 models by family
Multiples
EV/EBITDA 15.41 TRY 19.27 TRY 23.12 TRY 54
Asset-Based
NCAV (Graham) 12.66 TRY 16.97 TRY 25.33 TRY 50

Widest divergence: Multiples (19.27 TRY) versus Asset-Based (16.97 TRY). Highest evidence: EV/EBITDA (54).

Key figures & financial health

Revenue (TTM) 1.2B TRY
Revenue growth (YoY) +8.0%
Net margin -34.8%
Return on equity -5.0%
Free cash flow −687M TRY FY2025
Operating margin 19.2%
More key figures
EPS (TTM) -1.20 TRY
EPS growth (YoY) +1,384%
Net debt 194M TRY FY2024

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

Quality Score breakdown

Overall quality 27/100

Of which business quality 27 · Market factors (momentum, volatility) 38

Profitability 1
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 21
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 50
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

Enda Enerji Holding A.S. owns and operates electricity generation facilities in Turkey. It owns and operates 13 electricity generation facilities comprising 4 hydroelectric power plants, 5 wind power plants, 3 solar power plants, and 1 geothermal power plant with a total installed capacity of 189.12 Mwe. Enda Enerji Holding A.S.

Full company description

Enda Enerji Holding A.S. owns and operates electricity generation facilities in Turkey. It owns and operates 13 electricity generation facilities comprising 4 hydroelectric power plants, 5 wind power plants, 3 solar power plants, and 1 geothermal power plant with a total installed capacity of 189.12 Mwe. Enda Enerji Holding A.S. was incorporated in 1993 and is based in Izmir, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Enda Enerji Holding reported revenue of 1.2B TRY in FY2025 versus 363M TRY in FY2021, a compound +35.3%/yr. Reported net income was −571M TRY in FY2025.

Growth Quality 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.2B TRY
Latest YoY
−1.3%
Avg. growth/yr (3Y)
−11.4%
Avg. growth/yr (5Y)
+30.1%
Revenue +35.3%/yr
FY21 363M TRY
FY22 1.7B TRY
FY23 1.1B TRY
FY24 1.2B TRY
FY25 1.2B TRY
Net income
FY21 104M TRY
FY22 1.1B TRY
FY23 63.9M TRY
FY24 −710M TRY
FY25 −571M TRY

ENDAE screens 42% overvalued. Compare with China Yangtze Power Co →

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Cite: Fair Value Calculator (2026). "Enda Enerji Holding Fair Value". https://www.fairvalue-calculator.com/stock/ENDAE

Peer Group

Utilities - Renewable · 219 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 30 · Bottom 25%
Fair Value upside −42% · Below median
Return on assets -0% · Bottom 25%
Net margin (TTM) -35% · Bottom 25%
Operating margin (TTM) 19% · Above median
Revenue growth 8% · Above median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/S (TTM) 0.11× · 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 0 · sector 16
FUTURE 40 · sector 0
PAST 0 · sector 12
HEALTH 100 · sector 68
DIVIDEND 0 · sector 50

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 Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

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Frequently asked questions

Is Enda Enerji Holding (ENDAE) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 9.69 TRY versus a price of 16.80 TRY, about −42% (overvalued).
What is the fair value of ENDAE?
Our model-based fair value for Enda Enerji Holding is 9.69 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 16.80 TRY.
What is the quality score of ENDAE?
Enda Enerji Holding has a Quality Score of 27/100. 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 Enda Enerji Holding (ENDAE)?
Enda Enerji Holding reported trailing-twelve-month revenue of about 1.2B TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of ENDAE?
The net profit margin of Enda Enerji Holding is about -34.8%, 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.

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