Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS) fair value: what the stock is really worth
As of Oct 6, 2026: fair value of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi TRY 43.82, price TRY 40.86, upside +7.2%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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 Oct 6, 2026.
How to read this chart
60‑month range 6.56 TRY – 139.80 TRY · fair‑value band 32.87 TRY – 54.78 TRY · the 40.86 TRY price screens below the 43.82 TRY fair value. Dashed = 300-day average. As of Oct 6, 2026.
Follow Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi in your weekly email
Every Wednesday you see whether Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi 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.
Say Yenilenebilir Enerji Ekipmanlari Sanayi ve Ticaret A.S. produces and sells renewable energy equipment in Turkey.
Show more
Say Yenilenebilir Enerji Ekipmanlari Sanayi ve Ticaret A.S. produces and sells renewable energy equipment in Turkey. The company offers steel, aluminum, and other materials for electricity generation; and material, components, and integrated parts, such as internal and external components of wind turbine towers; wind turbine generator components; and wind turbine component transport equipment. It also engages in trade, marketing, and sales activities; industrial advertising; visual communication of buildings and open spaces designing; manufacturing and assembly; interior and exterior furniture and decoration works; steel and reinforced concrete structure manufacturing, purchase, and sale; project contracting; and exterior industrial coating works. The company was formerly known as Say Reklamcilik Yapi Dekorasyon Proje Taahhüt Sanayi ve Ticaret A.S. and changed its name to Say Yenilenebilir Enerji Ekipmanlari Sanayi ve Ticaret A.S. in October 2020. Say Yenilenebilir Enerji Ekipmanlari Sanayi ve Ticaret A.S. was founded in 1989 and is headquartered in Izmir, Turkey.
Stock analysis
Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS) currently trades at 40.86 TRY, while our model-based Fair Value estimate is 43.82 TRY, so the stock looks roughly fairly valued today (gap 6.8%).
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 92.54 TRY per share, and 9 of the 15 models we run sit above the 40.86 TRY price.
Bear case: the Asset-Based group reads lowest at 10.68 TRY, and 6 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 32.87 TRY (bear) to 54.78 TRY (bull), the price of 40.86 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 51/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi reported revenue of 2.0B TRY in FY2025 versus 348M TRY in FY2021, a compound +55.3%/yr. Reported net income was 154M TRY in FY2025, compounding +23.4%/yr from FY2021.
Key figures
Market cap 3.2B TRY (≈ $64.2M) · P/E ratio 16.3 · P/S ratio 1.24 · EPS (TTM) 2.51 TRY · Net margin 7.6% · Return on equity 13.6% · Return on assets (EBIT) 25.2% · Operating margin 27.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 7%, SAYAS screens cheaper than that median.
Fair Value models
Bear 32.87 TRYFair Value 43.82 TRYBull 54.78 TRY
Price 40.86 TRY · Upside +7.2%
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 (1.93 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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−7.9%
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.
+48.0%
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: +31.9% 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.
+38.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+4.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.1%
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% → 16%
Compare Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi 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.Engineering & Construction · 802 stocks
Beats the industry median on 10/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Above median
Fair Value upside+7.2% · Above median
Profitability
Return on equity (TTM)13.6% · Above median
Return on assets12.5% · Top 25%
Net margin (TTM)7.3% · Above median
Operating margin (TTM)27.2% · Top 25%
Growth and dividend
Revenue growth11.8% · Above median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Engineering & Construction 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). "Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi Fair Value". https://www.fairvalue-calculator.com/stock/SAYAS
Frequently asked questions
Is Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS) overvalued or undervalued?
As of Oct 6, 2026, our model estimates a fair value of 43.82 TRY versus a price of 40.86 TRY, about +7% upside (fairly valued).
What is the fair value of SAYAS?
Our model-based fair value for Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi is 43.82 TRY (as of Oct 6, 2026), built from audited fundamentals. The current price: 40.86 TRY.
What is the quality score of SAYAS?
Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi has a Quality Score of 51/100. 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 Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
Our model-based price target is the fair value of 43.82 TRY (as of Oct 6, 2026) from 15 valuation models. Cautious scenario 32.87 TRY, optimistic scenario 54.78 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi stock forecast for 2026?
Our models put fair value at 43.82 TRY, about +7% upside versus a price of 40.86 TRY (fairly valued). Cautious scenario 32.87 TRY, optimistic scenario 54.78 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi reported trailing-twelve-month revenue of about 2.4B TRY (latest available figure, as of Oct 6, 2026).
What is the intrinsic value of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi it is 43.82 TRY per share (as of Oct 6, 2026), against a price of 40.86 TRY. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi stock overvalued or undervalued in 2026?
As of Oct 6, 2026, SAYAS trades below its calculated fair value: price 40.86 TRY, fair value 43.82 TRY, a gap of about +7% (fairly valued). 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 SAYAS?
No. The price is what the market pays today (40.86 TRY); the fair value is what the company's own numbers justify (43.82 TRY). For Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi the two are 2.96 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi worth?
The market values Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi at about 3.2B TRY (market capitalisation, as of Oct 6, 2026). Per share that is 40.86 TRY; our models calculate a fair value of 43.82 TRY per share.
What do the bullish and bearish scenarios say about SAYAS?
Our models span a range for Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi: cautious scenario 32.87 TRY, base 43.82 TRY, optimistic 54.78 TRY per share (as of Oct 6, 2026, price 40.86 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SAYAS?
Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi trades at a price-to-earnings ratio of 16.3 (as of Oct 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 43.82 TRY is built from several models across several years. Other multiples: P/B 2.6, P/S 1.3, EV/EBITDA 6.8.
How solid is the balance sheet of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
Balance-sheet figures for Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (as of Oct 6, 2026): return on equity 13.6%, debt of 0.08 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is SAYAS from its 52-week high?
Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi trades at 40.86 TRY, about 39% below its 52-week high of 66.95 TRY and 11% above the low of 36.82 TRY (as of Oct 6, 2026). Distance from the high says nothing about value: that is what the fair value of 43.82 TRY is for.
Which stocks are comparable to Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi stock attractive at the current price?
The data as of Oct 6, 2026: price 40.86 TRY, calculated fair value 43.82 TRY (+7%), Quality Score 51/100, 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 SAYAS calculated?
We run Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi 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 43.82 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 15.4 % above its aggregate fair value. Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi currently trades 7 % 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 Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
The closing price on Oct 6, 2026 was 40.86 TRY. Our model-based fair value is 43.82 TRY, about +7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi
How large is the market capitalisation of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
The market capitalisation of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi is 3.2B TRY (≈ $64.2M). 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 Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
The price-to-sales ratio of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi is 1.24 (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 Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
Earnings per share at Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi are 2.51 TRY (price ÷ EPS = P/E 16.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
The net margin of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi 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 Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
The return on equity (ROE) of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi is 13.6% (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 Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
On an EBIT basis the return on assets of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi is 25.2% (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 Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
The operating margin of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi is 27.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
Revenue at Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi is growing +11.8% versus a year earlier (3y avg +48.0%). 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 Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS)?
Earnings per share at Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi are growing −41.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS) generate?
The free cash flow of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi is −164M TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS) carry?
The net debt of Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi is 32.0M TRY (fiscal year 2025). 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 Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi in the live analysis
One click puts Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi 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.
