IZDEMIR Enerji Elektrik Uretim A.S. (IZENR) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of IZDEMIR Enerji Elektrik Uretim A.S. TRY 5.12, price TRY 4.21, upside +21.6%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch IZDEMIR Enerji Elektrik Uretim A.S. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
37‑month range 4.00 TRY – 16.89 TRY · fair‑value band 3.84 TRY – 6.40 TRY · the 4.21 TRY price screens below the 5.12 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
Follow IZDEMIR Enerji Elektrik Uretim A.S. in your weekly email
Every Wednesday you see whether IZDEMIR Enerji Elektrik Uretim A.S. is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Stock analysis
IZDEMIR Enerji Elektrik Uretim A.S. (IZENR) currently trades at 4.21 TRY, while our model-based Fair Value estimate is 5.12 TRY, implying the stock looks roughly 17.8% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 16.36 TRY per share, and 23 of the 23 models we run sit above the 4.21 TRY price.
Bear case: the Economic Profit group reads lowest at 4.32 TRY, and 0 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: 3.84 TRY (bear) to 6.40 TRY (bull), the price of 4.21 TRY sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
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.
Key figures
Market cap 21.0B TRY (≈ $430M) · P/E ratio 39.1 · P/S ratio 2.98 · EPS (TTM) 0.2200 TRY · Net margin 7.6% · Return on equity 3.5% · Return on assets (EBIT) 13.8% · Operating margin 0.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 66% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −32% fair-value upside, at 22%, IZENR screens cheaper than that median.
Fair Value models
Bear 3.84 TRYFair Value 5.12 TRYBull 6.40 TRY
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1627 TRY per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−10.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+59.4%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 years), in TRY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−36.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−36.2%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18% → 15%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−10.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Turkey: IMF forecast 19.3% a year to 2030, 28.5% from 2016 to 2025) that is about −25.2% a year for the price.
Compare IZDEMIR Enerji Elektrik Uretim A.S. with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Utilities - Independent Power Producers · 74 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score59 · Top 25%
Fair Value upside+21.6% · Above median
Profitability
Return on equity (TTM)3.5% · Below median
Return on assets4.1% · Above median
Net margin (TTM)6.5% · Below median
Operating margin (TTM)0.8% · Bottom 25%
Growth and dividend
Revenue growth−24.9% · Bottom 25%
Balance sheet
Debt / equity0.05× · Lowest 25%
Valuation Multiplesvs Utilities - Independent Power Producers median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "IZDEMIR Enerji Elektrik Uretim A.S. Fair Value". https://www.fairvalue-calculator.com/stock/IZENR
Frequently asked questions
Is IZDEMIR Enerji Elektrik Uretim A.S. (IZENR) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 5.12 TRY versus a price of 4.21 TRY, about +22% upside (undervalued).
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 Sep 27, 2026), built from audited fundamentals. The current price: 4.21 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 price target for IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
Our model-based price target is the fair value of 5.12 TRY (as of Sep 27, 2026) from 23 valuation models. Cautious scenario 3.84 TRY, optimistic scenario 6.40 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the IZDEMIR Enerji Elektrik Uretim A.S. stock forecast for 2026?
Our models put fair value at 5.12 TRY, about +22% upside versus a price of 4.21 TRY (undervalued). Cautious scenario 3.84 TRY, optimistic scenario 6.40 TRY. The calculation is refreshed regularly with new filings.
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 Sep 27, 2026).
What growth is priced into IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
For today's price to be fair in a discounted-cash-flow model, IZDEMIR Enerji Elektrik Uretim A.S. would have to grow free cash flow by -10.7 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +59.4 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of IZENR use?
Our models discount IZDEMIR Enerji Elektrik Uretim A.S. at 14.2 %: a base by market capitalisation (small), damped by beta 0.30, country premium for Turkey. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For IZDEMIR Enerji Elektrik Uretim A.S. that is -10.7 % per year a year over ten years, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has IZDEMIR Enerji Elektrik Uretim A.S. (IZENR) delivered so far?
Over the past 5 years revenue at IZDEMIR Enerji Elektrik Uretim A.S. grew +59.4 % a year. The price currently implies -10.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of IZDEMIR Enerji Elektrik Uretim A.S. (IZENR) growing?
The median revenue growth in the sector is +2.1 % a year. That is the yardstick for the growth priced into IZDEMIR Enerji Elektrik Uretim A.S. (-10.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
The free-cash-flow yield on the price is 21.70 %: that much free cash flow IZDEMIR Enerji Elektrik Uretim A.S. produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IZDEMIR Enerji Elektrik Uretim A.S. it is 5.12 TRY per share (as of Sep 27, 2026), against a price of 4.21 TRY. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is IZDEMIR Enerji Elektrik Uretim A.S. stock overvalued or undervalued in 2026?
As of Sep 27, 2026, IZENR trades below its calculated fair value: price 4.21 TRY, fair value 5.12 TRY, a gap of about +22% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IZENR?
No. The price is what the market pays today (4.21 TRY); the fair value is what the company's own numbers justify (5.12 TRY). For IZDEMIR Enerji Elektrik Uretim A.S. the two are 0.9100 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is IZDEMIR Enerji Elektrik Uretim A.S. worth?
The market values IZDEMIR Enerji Elektrik Uretim A.S. at about 21.0B TRY (market capitalisation, as of Sep 27, 2026). Per share that is 4.21 TRY; our models calculate a fair value of 5.12 TRY per share.
What do the bullish and bearish scenarios say about IZENR?
Our models span a range for IZDEMIR Enerji Elektrik Uretim A.S.: cautious scenario 3.84 TRY, base 5.12 TRY, optimistic 6.40 TRY per share (as of Sep 27, 2026, price 4.21 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IZENR?
IZDEMIR Enerji Elektrik Uretim A.S. trades at a price-to-earnings ratio of 39.1 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 5.12 TRY is built from several models across several years. Other multiples: P/B 1.2, P/S 2.5, EV/EBITDA 11.5.
How solid is the balance sheet of IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
Balance-sheet figures for IZDEMIR Enerji Elektrik Uretim A.S. (as of Sep 27, 2026): return on equity 3.5%, debt of 0.05 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is IZENR from its 52-week high?
IZDEMIR Enerji Elektrik Uretim A.S. trades at 4.21 TRY, about 66% below its 52-week high of 12.53 TRY and 5% above the low of 4.00 TRY (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of 5.12 TRY is for.
Which stocks are comparable to IZDEMIR Enerji Elektrik Uretim A.S.?
From the same area (Utilities) we also value Constellation Energy Corporation, Vistra Corp, Adani Power Limited, CGN Power Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is IZDEMIR Enerji Elektrik Uretim A.S. stock attractive at the current price?
The data as of Sep 27, 2026: price 4.21 TRY, calculated fair value 5.12 TRY (+22%), Quality Score 59/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IZENR calculated?
We run IZDEMIR Enerji Elektrik Uretim A.S. through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 5.12 TRY, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. IZDEMIR Enerji Elektrik Uretim A.S. currently trades 22 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
The closing price on Sep 25, 2026 was 4.21 TRY. Our model-based fair value is 5.12 TRY, about +22% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IZDEMIR Enerji Elektrik Uretim A.S. right now?
Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of IZDEMIR Enerji Elektrik Uretim A.S.
How large is the market capitalisation of IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
The market capitalisation of IZDEMIR Enerji Elektrik Uretim A.S. is 21.0B TRY (≈ $430M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
The price-to-sales ratio of IZDEMIR Enerji Elektrik Uretim A.S. is 2.98 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
Earnings per share at IZDEMIR Enerji Elektrik Uretim A.S. are 0.2200 TRY (price ÷ EPS = P/E 39.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
The net margin of IZDEMIR Enerji Elektrik Uretim A.S. is 7.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
The return on equity (ROE) of IZDEMIR Enerji Elektrik Uretim A.S. is 3.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
On an EBIT basis the return on assets of IZDEMIR Enerji Elektrik Uretim A.S. is 13.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
The operating margin of IZDEMIR Enerji Elektrik Uretim A.S. is 0.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
Revenue at IZDEMIR Enerji Elektrik Uretim A.S. is growing −24.9% versus a year earlier (3y avg −10.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at IZDEMIR Enerji Elektrik Uretim A.S. (IZENR)?
Earnings per share at IZDEMIR Enerji Elektrik Uretim A.S. are growing +13.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does IZDEMIR Enerji Elektrik Uretim A.S. (IZENR) carry?
The net debt of IZDEMIR Enerji Elektrik Uretim A.S. is 261M TRY (fiscal year 2024, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch IZDEMIR Enerji Elektrik Uretim A.S. in the live analysis
One click puts IZDEMIR Enerji Elektrik Uretim A.S. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
