EN DE

IZDEMIR Enerji Elektrik Uretim A.S. (IZENR) Fair Value & Analysis

Utilities · TR · Market cap 21.0B TRY

IE IZDEMIR Enerji Elektrik Uretim A.S. IZENR · IS
Price8.64 TRY
Fair Value5.12 TRY
Upside-40.7%
Quality59/100
Watch IZDEMIR Enerji Elektrik Uretim A.S. for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 6.5% net margin
Low debt · generates free cash flow
Trails peers (5/13)
Narrow moat 26/100
Evidence: High Range 3.84 TRY – 6.40 TRY Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated today

Share price +4.6% over the past month.

A solid business, but screening 41% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (6.40 TRY). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (3 years)

16.89 TRY 4.04 TRY Fair Value 5.12 TRY Aug 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

36‑month range 4.04 TRY – 16.89 TRY · fair‑value band 3.84 TRY – 6.40 TRY · the 8.64 TRY price screens above the 5.12 TRY fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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

Analysis

IZDEMIR Enerji Elektrik Uretim A.S. (IZENR) currently trades at 8.64 TRY, while our model-based Fair Value estimate is 5.12 TRY, implying the stock looks roughly 40.7% overvalued today. The Quality Score stands at 59/100 (solid 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: high).

Over the trailing twelve months, IZDEMIR Enerji Elektrik Uretim A.S. generated revenue of 8.5B TRY at a net margin of 6.5%. Revenue declined 24.9% year over year. It earns a return on equity of 3.5%. Net debt stands at 261M TRY. Fundamentals as of Aug 13, 2026

Our scenario range runs from 3.84 TRY (bear case) to 6.40 TRY (bull case); at 8.64 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 35% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -59% fair-value upside, at -41%, IZENR 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 Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 14.70 TRY 28.94 TRY 52.28 TRY 80
Rev-Margin DCF 9.44 TRY 15.60 TRY 28.60 TRY 74
ROIC Compounder 4.51 TRY 5.22 TRY 5.85 TRY 72
All 23 models by family
DCF Models
FCF DCF 15.62 TRY 24.43 TRY 52.51 TRY 38
5Y Revenue Exit 8.63 TRY 13.65 TRY 24.08 TRY 39
5Y EBITDA Exit 9.16 TRY 14.72 TRY 25.57 TRY 41
5Y P/E Exit 7.35 TRY 13.45 TRY 21.30 TRY 38
10Y Revenue Exit 10.57 TRY 20.35 TRY 25.77 TRY 36
10Y EBITDA Exit 11.19 TRY 21.48 TRY 38.42 TRY 37
10Y P/E Exit 9.87 TRY 17.59 TRY 29.22 TRY 35
Earnings-Based
Graham-Dodd 1.93 TRY 13.49 TRY 18.93 TRY 54
Lynch FV 6.97 TRY 9.96 TRY 12.94 TRY 50
PEG = 1.0 6.97 TRY 9.96 TRY 12.94 TRY 46
EPV 4.51 TRY 5.22 TRY 5.85 TRY 59
Multiples
P/E Multiple 3.84 TRY 5.12 TRY 6.40 TRY 63
P/S Multiple 3.63 TRY 4.84 TRY 6.04 TRY 58
P/B Multiple 3.63 TRY 4.84 TRY 6.04 TRY 55
EV/EBIT 6.63 TRY 8.76 TRY 10.89 TRY 53
EV/EBITDA 6.47 TRY 8.55 TRY 10.63 TRY 54
EV/Revenue 5.41 TRY 7.62 TRY 9.84 TRY 43
Asset-Based
NCAV (Graham) 3.47 TRY 4.64 TRY 6.93 TRY 50
Growth DCF
Growth DCF 14.70 TRY 28.94 TRY 52.28 TRY 80
Rev-Margin DCF 9.44 TRY 15.60 TRY 28.60 TRY 74
Economic Profit
Residual Income 5.18 TRY 5.14 TRY 4.66 TRY 61
ROIC Compounder 4.51 TRY 5.22 TRY 5.85 TRY 72
Growth Earnings
Growth-Adj P/E 8.71 TRY 12.44 TRY 16.17 TRY 68

Widest divergence: DCF Models (17.59 TRY) versus Asset-Based (4.64 TRY). Highest evidence: Growth DCF (80).

Notify me when IZENR reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 8.5B TRY
Revenue growth (YoY) -24.9%
Net margin 6.5%
Return on equity 3.5%
Free cash flow 2.2B TRY FY2025
P/E ratio 39.1
More key figures
Operating margin 0.8%
EPS (TTM) 0.2200 TRY
EPS growth (YoY) +1,355%
Net debt 261M TRY FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 63 · Market factors (momentum, volatility) 35

Profitability 30
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 96
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 24
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

IZDEMIR Enerji Elektrik Uretim A.S. produces and sells electricity through coal. It is also involved in the iron-steel and port and power plant, solar energy plant businesses. The company was incorporated in 2007 and is headquartered in Izmir, Turkey. IZDEMIR Enerji Elektrik Uretim A.S. is a subsidiary of Izmir Demir Çelik Sanayi Anonim Sirketi.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

IZDEMIR Enerji Elektrik Uretim A.S. reported revenue of 9.1B TRY in FY2025 versus 1.4B TRY in FY2021, a compound +60.6%/yr. Reported net income was 695M TRY in FY2025.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
9.1B TRY
Latest YoY
−4.6%
Avg. growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−10.3%
Avg. growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+59.4%
Revenue +60.6%/yr
FY21 1.4B TRY
FY22 12.6B TRY
FY23 10.9B TRY
FY24 9.5B TRY
FY25 9.1B TRY
Net income
FY21 −319M TRY
FY22 3.8B TRY
FY23 1.6B TRY
FY24 −1.2B TRY
FY25 695M TRY

IZENR screens 41% overvalued. Compare with Constellation Energy Corporation →

Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
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.

IZDEMIR Enerji Elektrik Uretim A.S. · Fair Value
5.12 TRY −41%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "IZDEMIR Enerji Elektrik Uretim A.S. Fair Value". https://www.fairvalue-calculator.com/stock/IZENR

Peer Group

Utilities - Independent Power Producers · 79 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 59 · Top 25%
Fair Value upside −41% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 4% · Top 25%
Net margin (TTM) 7% · Below median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth -25% · Bottom 25%
Debt / equity 0.05× · Lower than 75% of peers

Valuation Multiples vs Utilities - Independent Power Producers median · lower = cheaper

P/E (TTM) 39.1× · Pricier than 75% of peers
P/B 1.24× · Cheaper than median
P/S (TTM) 2.47× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 11.5× · 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 17
FUTURE 0 · sector 0
PAST 14 · sector 31
HEALTH 98 · sector 71
DIVIDEND 0 · sector 52

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 - Independent Power Producers stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Constellation Energy Corporation CEG $257.57 $89.08 -65%
Vistra Corp VST $158.86 $47.59 -70%
Adani Power Limited ADANIPOWER ₹218.45 ₹75.57 -65%
CGN Power Co 003816 ¥3.88 ¥3.13 -19%
NRG Energy, Inc NRG $137.90 $56.02 -59%
Gulf Development Public Company GULF 67.50 THB 40.44 THB -40%
Adani Energy Solutions Limited ADANIENSOL ₹1,730 ₹342.02 -80%
Talen Energy Corporation TLN $372.37 $44.67 -88%
Datang International Power Generation Co 601991 ¥5.80 ¥4.95 -15%
Power Assets Holdings 0006 HK$58.45 HK$31.90 -45%

Compare IZDEMIR Enerji Elektrik Uretim A.S. with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Utilities 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 IZDEMIR Enerji Elektrik Uretim A.S. (IZENR) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 5.12 TRY versus a price of 8.64 TRY, about −41% (overvalued).
What is the fair value of IZENR?
Our model-based fair value for IZDEMIR Enerji Elektrik Uretim A.S. is 5.12 TRY (as of Aug 13, 2026), built from audited fundamentals. The current price is 8.64 TRY.
What is the quality score of IZENR?
IZDEMIR Enerji Elektrik Uretim A.S. has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
IZDEMIR Enerji Elektrik Uretim A.S. reported trailing-twelve-month revenue of about 8.5B TRY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of IZENR?
The net profit margin of IZDEMIR Enerji Elektrik Uretim A.S. is about 6.5%, meaning it keeps roughly 6.5% 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.

14 days Pro free · no card

Track IZDEMIR Enerji Elektrik Uretim A.S. 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.