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Hun Yenilenebilir Enerji Üretim A.S., (HUNER) Fair Value & Analysis

Utilities · TR · Market cap 3.6B TRY

HY Hun Yenilenebilir Enerji Üretim A.S., HUNER · IS
Price3.55 TRY
Fair Value4.16 TRY
Upside+17.2%
Quality26/100
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Expensive Growth
Loss-making · -24.5% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/10)
Narrow moat 10/100
Evidence: Low Range 2.80 TRY – 5.53 TRY Share as image

Fair value as of: Aug 8, 2026

From 6 valuation models · updated yesterday

Share price +3.8% over the past month.

Below-average quality, screening 17% undervalued on our models.

What matters now

  • A fairly wide model range (2.80 TRY to 5.53 TRY) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (4 years)

9.94 TRY 1.28 TRY Fair Value 4.16 TRY Feb 2022 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

53‑month range 1.28 TRY – 9.94 TRY · fair‑value band 2.80 TRY – 5.53 TRY · the 3.55 TRY price screens below the 4.16 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Hun Yenilenebilir Enerji Üretim A.S., (HUNER) currently trades at 3.55 TRY, while our model-based Fair Value estimate is 4.16 TRY, implying the stock looks roughly 17.2% undervalued today. The Quality Score stands at 26/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Hun Yenilenebilir Enerji Üretim A.S., generated revenue of 983M TRY at a net margin of -24.5%. Revenue declined 7.8% year over year. It earns a return on equity of -5.0%. Net debt stands at 1.3B TRY. Fundamentals as of Aug 8, 2026

Our scenario range runs from 2.80 TRY (bear case) to 5.53 TRY (bull case); at 3.55 TRY, the current price sits within 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 18% below its 52-week high and 21% 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 17%, HUNER 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
ROIC Compounder 2.01 TRY 2.48 TRY 2.89 TRY 72
EPV 2.01 TRY 2.48 TRY 2.89 TRY 59
EV/EBITDA 6.14 TRY 8.51 TRY 10.88 TRY 54
All 6 models by family
Earnings-Based
EPV 2.01 TRY 2.48 TRY 2.89 TRY 59
Multiples
EV/EBIT 3.95 TRY 5.59 TRY 7.23 TRY 53
EV/EBITDA 6.14 TRY 8.51 TRY 10.88 TRY 54
EV/Revenue 0.7800 TRY 1.52 TRY 2.27 TRY 43
Asset-Based
NCAV (Graham) 2.53 TRY 3.39 TRY 5.06 TRY 50
Economic Profit
ROIC Compounder 2.01 TRY 2.48 TRY 2.89 TRY 72

Widest divergence: Multiples (5.59 TRY) versus Earnings-Based (2.48 TRY). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Revenue (TTM) 983M TRY
Revenue growth (YoY) -7.8%
Net margin -24.5%
Return on equity -5.0%
Free cash flow −486M TRY FY2025
Operating margin 1.4%
More key figures
EPS (TTM) -0.2400 TRY
EPS growth (YoY) -57.3%
Net debt 1.3B TRY FY2025

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

Quality Score breakdown

Overall quality 26/100

Of which business quality 24 · Market factors (momentum, volatility) 45

Profitability 4
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 40
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

Hun Yenilenebilir Enerji Üretim A.S., together with its subsidiaries, engages in the establishment, construction, commissioning, and leasing of electricity production facilities in Turkey and internationally. It also generates electricity through solar power plants, hydroelectric power plants, and biomass power plants.

Full company description

Hun Yenilenebilir Enerji Üretim A.S., together with its subsidiaries, engages in the establishment, construction, commissioning, and leasing of electricity production facilities in Turkey and internationally. It also generates electricity through solar power plants, hydroelectric power plants, and biomass power plants. The company was formerly known as H26 Solar Enerji Üretim Sanayi ve Ticaret A.S. and changed its name to Hun Yenilenebilir Enerji Üretim A.S. Hun Yenilenebilir Enerji Üretim A.S. was incorporated in 2014 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hun Yenilenebilir Enerji Üretim A.S., reported revenue of 996M TRY in FY2025 versus 164M TRY in FY2021, a compound +57.1%/yr. Reported net income was −235M TRY in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
996M TRY
Latest YoY
+18.6%
Avg. growth/yr (3Y)
+29.4%
Avg. growth/yr (5Y)
+61.9%
Avg. growth/yr (6Y)
+56.5%
Revenue +57.1%/yr
FY21 164M TRY
FY22 460M TRY
FY23 558M TRY
FY24 839M TRY
FY25 996M TRY
Net income
FY21 367M TRY
FY22 171M TRY
FY23 63.1M TRY
FY24 497M TRY
FY25 −235M TRY

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Cite: Fair Value Calculator (2026). "Hun Yenilenebilir Enerji Üretim A.S., Fair Value". https://www.fairvalue-calculator.com/stock/HUNER

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 26 · Bottom 25%
Fair Value upside +17% · Above median
Return on assets 2% · Above median
Net margin (TTM) -25% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth -8% · Below median
Debt / equity 0.20× · Lower than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/S (TTM) 0.08× · Cheaper than 75% of peers
EV/EBITDA 2.4× · 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 56 · sector 16
FUTURE 0 · sector 0
PAST 0 · sector 12
HEALTH 90 · sector 68
DIVIDEND 0 · sector 50

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 Hun Yenilenebilir Enerji Üretim A.S., (HUNER) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 4.16 TRY versus a price of 3.55 TRY, about +17% (undervalued).
What is the fair value of HUNER?
Our model-based fair value for Hun Yenilenebilir Enerji Üretim A.S., is 4.16 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 3.55 TRY.
What is the quality score of HUNER?
Hun Yenilenebilir Enerji Üretim A.S., has a Quality Score of 26/100. 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 Hun Yenilenebilir Enerji Üretim A.S., (HUNER)?
Hun Yenilenebilir Enerji Üretim A.S., reported trailing-twelve-month revenue of about 983M TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of HUNER?
The net profit margin of Hun Yenilenebilir Enerji Üretim A.S., is about -24.5%, 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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