SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS stock TRY 35.92, price TRY 30.50, upside +17.8%, quality 58 out of 100. Rating: undervalued. 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. As of Oct 29, 2026.
How to read this chart
60‑month range 4.56 TRY – 85.90 TRY · fair‑value band 28.40 TRY – 45.93 TRY · the 30.50 TRY price screens below the 35.92 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.
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San-el Mühendislik Elektrik Taahhüt Sanayi ve Ticaret A.S. designs, manufactures, and sells electrical panels in Turkey. It offers LV panel, LV harmonic filter system, MV compensation and harmonic filter, SVC flicker compensation, and weak current systems, as well as OG metal clad cells.
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The company engages in distribution of control panels related activities. It also operates in the field of turnkey electrical contracting; provides energy quality analysis and reporting services in transmission and distribution network.
San-el Mühendislik Elektrik Taahhüt Sanayi ve Ticaret A.S. was incorporated in 2005 and is based in Istanbul, Turkey.
Stock analysis
SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL) currently trades at 30.50 TRY, while our model-based Fair Value estimate is 35.92 TRY, implying the stock looks roughly 15.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 96.39 TRY per share, and 15 of the 22 models we run sit above the 30.50 TRY price.
Bear case: the Asset-Based group reads lowest at 5.07 TRY, and 7 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: 28.40 TRY (bear) to 45.93 TRY (bull), the price of 30.50 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 58/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS reported revenue of 343M TRY in FY2025 versus 23.1M TRY in FY2021, a compound +96.4%/yr. Reported net income was 111M TRY in FY2025.
Key figures
Market cap 557M TRY (≈ $11.1M) Micro · P/E ratio 2.0 · P/S ratio 0.63 · EPS (TTM) 15.55 TRY · Net margin 32.2% · Return on equity 115% · Return on assets (EBIT) 0.0% · Operating margin 35.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 95 out of 100 (low confidence).
What moves the price
The share trades about 64% below its 52-week high and 30% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at 18%, SANEL screens cheaper than that median.
Fair Value models
Bear28.40 TRYFair Value 35.92 TRYBull45.93 TRY
Price 30.50 TRY · Upside +17.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (12.91 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.Coverage ⓘCoverage = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+19.4%
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.
+75.0%
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.
+68.2%
Start year 2020 (pandemic). Over 10 years: +22.1% a year
Revenue growth 15 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.
+21.0%
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Profit margin (trend) ⓘ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.
−30.4% (2020) → 17.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed
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).
−6.5%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −21.6% a year for the price.
Compare SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS with another stock
Price, fair value, quality and upside side by side.
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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 · 566 stocks
Beats the industry median on 11/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+17.8% · Top 25%
Profitability
Return on equity (12 months)114.6% · Top 25%
Return on assets17.3% · Top 25%
Net margin (12 months)51.9% · Top 25%
Operating margin (12 months)35.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)74.1% · Top 25%
Valuation Multiplesvs Electrical Equipment & Parts 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). "SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS Fair Value". https://www.fairvalue-calculator.com/stock/SANEL
Frequently asked questions
Is SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 35.92 TRY versus a price of 30.50 TRY, about +18% upside (undervalued).
What is the fair value of SANEL?
Our model-based fair value for SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS is 35.92 TRY (as of Oct 29, 2026), built from audited fundamentals. The current price: 30.50 TRY.
What is the quality score of SANEL?
SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS has a Quality Score of 58/100. 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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
Our model-based price target is the fair value of 35.92 TRY (as of Oct 29, 2026) from 22 valuation models. Cautious scenario 28.40 TRY, optimistic scenario 45.93 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS stock forecast for 2026?
Our models put fair value at 35.92 TRY, about +18% upside versus a price of 30.50 TRY (undervalued). Cautious scenario 28.40 TRY, optimistic scenario 45.93 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS reported trailing-twelve-month revenue of about 358M TRY (latest available figure, as of Oct 29, 2026).
What growth is priced into SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
For today's price to be fair in a discounted-cash-flow model, SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS would have to grow free cash flow by -6.5 % 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 +68.2 % per year. As of Oct 29, 2026.
What discount rate (WACC) does the fair value of SANEL use?
Our models discount SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS at 14.2 %: a base by market capitalisation (nano), 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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS that is -6.5 % 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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL) delivered so far?
Over the past 5 years revenue at SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS grew +68.2 % a year. The price currently implies -6.5 % 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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL) growing?
The median revenue growth in the sector is +7.7 % a year. That is the yardstick for the growth priced into SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (-6.5 % 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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
The free-cash-flow yield on the price is 17.85 %: that much free cash flow SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS 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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS it is 35.92 TRY per share (as of Oct 29, 2026), against a price of 30.50 TRY. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS stock overvalued or undervalued in 2026?
As of Oct 29, 2026, SANEL trades below its calculated fair value: price 30.50 TRY, fair value 35.92 TRY, a gap of about +18% (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 SANEL?
No. The price is what the market pays today (30.50 TRY); the fair value is what the company's own numbers justify (35.92 TRY). For SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS the two are 5.42 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS worth?
The market values SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS at about 557M TRY (market capitalisation, as of Oct 29, 2026). Per share that is 30.50 TRY; our models calculate a fair value of 35.92 TRY per share.
What do the bullish and bearish scenarios say about SANEL?
Our models span a range for SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS: cautious scenario 28.40 TRY, base 35.92 TRY, optimistic 45.93 TRY per share (as of Oct 29, 2026, price 30.50 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SANEL?
SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS trades at a price-to-earnings ratio of 2.0 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 35.92 TRY is built from several models across several years. Other multiples: P/B 4.0, P/S 1.6, EV/EBITDA 4.3.
How solid is the balance sheet of SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
Balance-sheet figures for SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (as of Oct 29, 2026): return on equity 114.6%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is SANEL from its 52-week high?
SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS trades at 30.50 TRY, about 64% below its 52-week high of 85.90 TRY and 30% above the low of 23.42 TRY (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 35.92 TRY is for.
Which stocks are comparable to SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, 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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS stock attractive at the current price?
The data as of Oct 29, 2026: price 30.50 TRY, calculated fair value 35.92 TRY (+18%), Quality Score 58/100, from 22 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 SANEL calculated?
We run SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS through 22 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 35.92 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 13.1 % above its aggregate fair value. SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS currently trades 15 % 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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
The closing price on Oct 28, 2026 was 30.50 TRY. Our model-based fair value is 35.92 TRY, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS
How large is the market capitalisation of SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
The market capitalisation of SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS is 557M TRY (≈ $11.1M). 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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
The price-to-sales ratio of SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS is 0.63 (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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
Earnings per share at SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS are 15.55 TRY (price ÷ EPS = P/E 2.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
The net margin of SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS is 32.2% (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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
The return on equity (ROE) of SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS is 115% (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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
On an EBIT basis the return on assets of SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS is 0.0% (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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
The operating margin of SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS is 35.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
Revenue at SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS is growing +74.1% versus a year earlier (3y avg +75.0%). 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 SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL)?
Earnings per share at SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS are growing −69.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL) carry?
The net debt of SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS is 18.1M TRY (fiscal year 2022, ≈ 0.2 yrs of FCF). 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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Oct 29, 2026