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Mogan Enerji Yatirim Holding (MOGAN) Fair Value & Analysis

Utilities · TR · Market cap 40.1B TRY

ME Mogan Enerji Yatirim Holding MOGAN · IS
Price16.98 TRY
Fair Value9.30 TRY
Upside-45.2%
Quality57/100
Mixed Growth
Loss-making · -65.7% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 2/100
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Evidence: Medium Range 6.98 TRY – 10.98 TRY Share as image

Fair value as of: Aug 1, 2026

From 24 valuation models · updated today

Share price +24.4% over the past month.

What matters now

  • The price sits above even our optimistic bull case (10.98 TRY). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (12 months)

18.92 TRY 8.05 TRY Fair Value 9.30 TRY Aug 2025 Jul 2026

12‑month range 8.05 TRY – 18.92 TRY · fair‑value band 6.98 TRY – 10.98 TRY · the 16.98 TRY price screens above the 9.30 TRY fair value. As of Aug 1, 2026.

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Analysis

Mogan Enerji Yatirim Holding (MOGAN) currently trades at 16.98 TRY, while our model-based Fair Value estimate is 9.30 TRY, implying the stock looks roughly 45.2% overvalued today. We read business quality at 57/100 (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: medium).

Over the trailing twelve months, Mogan Enerji Yatirim Holding generated revenue of 12.9B TRY at a net margin of -65.7%. Revenue declined 5.2% year over year. It earns a return on equity of -11.4%. Net debt stands at 31.2B TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 6.98 TRY (bear case) to 10.98 TRY (bull case); at 16.98 TRY, the current price sits above that range. The share trades about 14% below its 52-week high and 112% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -28% fair-value upside, at -45%, MOGAN screens richer than that median.

Key figures & financial health

Revenue (TTM) 12.9B TRY
Revenue growth (YoY) -5.2%
Net margin -65.7%
Return on equity -11.4%
Free cash flow 3.1B TRY FY2023
P/E ratio 15.4
More key figures
Operating margin -11.9%
EPS (TTM) 1.07 TRY
Net debt 31.2B TRY FY2023

Figures from reported company fundamentals · as of Aug 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100
Profitability 20
Quality Growth 64
Cashflow 93
Fin. Strength 27
Investment 33
Low Volatility 57
Momentum 84
52W Momentum 89
Net Issuance 100

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

Mogan Enerji Yatirim Holding Anonim Sirketi engages in the renewable energy business in Turkey. It generates and sells energy through geothermal, hydroelectric, wind, and solar power plants. Mogan Enerji Yatirim Holding Anonim Sirketi was founded in 1980 and is headquartered in Ankara, Turkey.

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

Revenue & earnings trend

FY2020 – FY2023 · reported fiscal years

Mogan Enerji Yatirim Holding reported revenue of 13.9B TRY in FY2023 versus 2.1B TRY in FY2020, a compound +89.1%/yr. Reported net income was 1.3B TRY in FY2023, compounding +75.4%/yr from FY2020.

Revenue +89.1%/yr
FY20 2.1B TRY
FY21 3.3B TRY
FY22 10.8B TRY
FY23 13.9B TRY
Net income +75.4%/yr
FY20 234M TRY
FY21 1.7B TRY
FY22 −785M TRY
FY23 1.3B TRY

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

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 / 9
FUTURE 0 / 0
PAST 0 / 11
HEALTH 72 / 67
DIVIDEND 0 / 52

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 1, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.69 ¥19.99 -28%
Ørsted A/S D2G €20.80 €9.92 -52%
Huaneng Lancang River Hydropower Inc 600025 ¥9.37 ¥5.41 -42%
Adani Green Energy Limited ADANIGREEN ₹1,511 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG VER €56.00 €115.52 +106%
BEP BEP $35.74 $27.28 -24%
BEPUN BEPUN C$49.26 C$43.64 -11%
Fortum Oyj FOJCF $22.79 $15.89 -30%
China Longyuan Power Group 001289 ¥18.38 ¥7.46 -59%

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Frequently asked questions

Is Mogan Enerji Yatirim Holding (MOGAN) overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 9.30 TRY versus a price of 16.98 TRY, about −45% (overvalued).
What is the fair value of MOGAN?
Our model-based fair value for Mogan Enerji Yatirim Holding is 9.30 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 16.98 TRY.
What is the quality score of MOGAN?
Mogan Enerji Yatirim Holding has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Mogan Enerji Yatirim Holding (MOGAN)?
Mogan Enerji Yatirim Holding reported trailing-twelve-month revenue of about 12.9B TRY (latest available figure, as of Aug 1, 2026).
What is the net profit margin of MOGAN?
The net profit margin of Mogan Enerji Yatirim Holding is about -65.7%, 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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