Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi TRY 2.50, price TRY 19.77, upside -87.4%, quality 23 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 0.7265 TRY – 39.60 TRY · fair‑value band 1.87 TRY – 3.12 TRY · the 19.77 TRY price screens above the 2.50 TRY fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi develops smart metering systems and solutions in Turkey.
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Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi develops smart metering systems and solutions in Turkey. The company offers measurement and detection products, including heat, electricity, water, and gas meters and modules, as well as gas regulators; networking and communication solutions, such as mobile meter reading, water supply management, and smart cities; and software and services comprising remote meter reading systems, prepaid systems, and analysis software. It also provides meter reading and allocation, meter inspection, repair and maintenance, and software support services. The company exports its products. It serves gas distribution companies, municipalities, water utilities, electricity distribution companies, and private and public institutions. The company was founded in 1996 and is based in Sincan, Turkey.
Stock analysis
Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS) currently trades at 19.77 TRY, while our model-based Fair Value estimate is 2.50 TRY, implying the stock looks roughly 690.5% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 6.71 TRY per share, and 0 of the 15 models we run sit above the 19.77 TRY price.
Bear case: the Asset-Based group reads lowest at 1.03 TRY, and 15 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.87 TRY (bear) to 3.12 TRY (bull), the price of 19.77 TRY sits above 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 23/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi reported revenue of 275M TRY in FY2023 versus 53.8M TRY in FY2019, a compound +50.4%/yr. Reported net income was 39.4M TRY in FY2023, compounding +163.5%/yr from FY2019. FY2019 was a trough year, so the rate overstates the trend.
Key figures
Market cap 10.2B TRY (≈ $209M) · P/S ratio 21.1 · EPS (TTM) −0.0400 TRY · Net margin 14.3% · Return on equity −57.4% · Return on assets (EBIT) 10.3% · Operating margin −53.3% · Revenue (TTM) 483M TRY.
What moves the price
The share trades about 44% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −87%, MANAS screens richer than that median.
Fair Value models
Bear 1.87 TRYFair Value 2.50 TRYBull 3.12 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.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 ⓘ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.50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+88.5%
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.
+72.1%
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.
+41.7%
’18
’19
’20
’21
’22
’23
What shareholders gained per year (last 5 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 5 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.
≈ +37.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+37.7%
Dividend (yield on the price)0.0%
Profit margin 2018 to 2023 ⓘ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.16% → 28%
⚠ Approximate: the rate leans on 2023, which sits 410% above its own trend.
Compare Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi with another stock
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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.Electrical Equipment & Parts · 549 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score23 · Bottom 25%
Fair Value upside−87% · Bottom 25%
Profitability
Return on assets−4% · Bottom 25%
Net margin (TTM)−93% · Bottom 25%
Operating margin (TTM)−53% · Bottom 25%
Growth and dividend
Revenue growth−26% · Bottom 25%
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/B0.41× · Cheapest 25%
P/S (TTM)0.43× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 58
PAST (return on equity)0· sector 26
HEALTH (low debt)96· sector 97
DIVIDEND (yield)0· sector 22
VALUE 0: the price sits above our fair-value range.
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). "Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/MANAS
Frequently asked questions
Is Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2.50 TRY versus a price of 19.77 TRY, about −87% upside (overvalued).
What is the fair value of MANAS?
Our model-based fair value for Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi is 2.50 TRY (as of Sep 24, 2026), built from audited fundamentals. The current price: 19.77 TRY.
What is the quality score of MANAS?
Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi has a Quality Score of 23/100. 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 Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
Our model-based price target is the fair value of 2.50 TRY (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 1.87 TRY, optimistic scenario 3.12 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi stock forecast for 2026?
Our models put fair value at 2.50 TRY, about −87% upside versus a price of 19.77 TRY (overvalued). Cautious scenario 1.87 TRY, optimistic scenario 3.12 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi reported trailing-twelve-month revenue of about 483M TRY (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi it is 2.50 TRY per share (as of Sep 24, 2026), against a price of 19.77 TRY. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MANAS trades above its calculated fair value: price 19.77 TRY, fair value 2.50 TRY, a gap of about −87% (overvalued). 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 MANAS?
No. The price is what the market pays today (19.77 TRY); the fair value is what the company's own numbers justify (2.50 TRY). For Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi the two are 17.27 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi worth?
The market values Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi at about 10.2B TRY (market capitalisation, as of Sep 24, 2026). Per share that is 19.77 TRY; our models calculate a fair value of 2.50 TRY per share.
What do the bullish and bearish scenarios say about MANAS?
Our models span a range for Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi: cautious scenario 1.87 TRY, base 2.50 TRY, optimistic 3.12 TRY per share (as of Sep 24, 2026, price 19.77 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
Balance-sheet figures for Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (as of Sep 24, 2026): return on equity −57.4%, debt of 0.07 per unit of equity. They feed the Quality Score of 23/100, which measures business quality independently of the share price.
How far is MANAS from its 52-week high?
Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi trades at 19.77 TRY, about 44% below its 52-week high of 35.48 TRY and 497% above the low of 3.31 TRY (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 2.50 TRY is for.
Which stocks are comparable to Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi stock attractive at the current price?
The data as of Sep 24, 2026: price 19.77 TRY, calculated fair value 2.50 TRY (−87%), Quality Score 23/100, from 15 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 MANAS calculated?
We run Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi through 15 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 2.50 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 14.1 % above its aggregate fair value. Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi itself currently trades above fair value. 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 Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
The closing price on Sep 22, 2026 was 19.77 TRY. Our model-based fair value is 2.50 TRY, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi right now?
The price sits above even our optimistic bull case (3.12 TRY). The favourable scenario is already priced in. Weak quality (23/100) 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.
Key figures of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi
How large is the market capitalisation of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
The market capitalisation of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi is 10.2B TRY (≈ $209M). 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 Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
The price-to-sales ratio of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi is 21.1 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
Earnings per share at Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi are −0.0400 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
The net margin of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi is 14.3% (fiscal year 2023). 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 Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
The return on equity (ROE) of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi is −57.4% (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 Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
On an EBIT basis the return on assets of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi is 10.3% (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 Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
The operating margin of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi is −53.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
Revenue at Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi is growing −25.8% versus a year earlier (3y avg +72.1%). 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 Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS)?
Earnings per share at Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi are growing −85.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS) generate?
The free cash flow of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi is −85.1M TRY (fiscal year 2023). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi (MANAS) carry?
The net debt of Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi is 209M TRY (fiscal year 2023). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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