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SMRTG Fair Value & Analysis

Technology · TR · Market cap 19.4B TRY

S SMRTG SMRTG · IS
Price10.70 TRY
Fair Value11.62 TRY
Upside+8.6%
Quality30/100
Expensive Growth
Loss-making · -0.1% net margin
Moderate debt · negative free cash flow
Ranks above peers (8/11)
Narrow moat 21/100
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Evidence: Low Range 7.55 TRY – 15.68 TRY Share as image

Fair value as of: Aug 1, 2026

From 6 valuation models · updated today

Share price −3.9% over the past month.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (7.55 TRY to 15.68 TRY) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (12 months)

12.97 TRY 6.40 TRY Fair Value 11.62 TRY Aug 2025 Jul 2026

12‑month range 6.40 TRY – 12.97 TRY · fair‑value band 7.55 TRY – 15.68 TRY · the 10.70 TRY price screens below the 11.62 TRY fair value. As of Aug 1, 2026.

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Analysis

SMRTG (SMRTG) currently trades at 10.70 TRY, while our model-based Fair Value estimate is 11.62 TRY, implying the stock looks roughly 8.6% fairly valued today. We read business quality at 30/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, SMRTG generated revenue of 9.7B TRY at a net margin of -0.1%. Revenue declined 25.5% year over year. It earns a return on equity of -0.6%. Net debt stands at 8.4B TRY. Fundamentals as of Aug 1, 2026

Our scenario range runs from 7.55 TRY (bear case) to 15.68 TRY (bull case); at 10.70 TRY, the current price sits within that range. The share trades about 20% below its 52-week high and 71% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at 4% fair-value upside, at 9%, SMRTG screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 9.7B TRY
Revenue growth (YoY) -25.5%
Net margin -0.1%
Return on equity -0.6%
Free cash flow −924M TRY FY2025
P/E ratio 1,070.0
More key figures
Operating margin 5.6%
EPS (TTM) 0.0100 TRY
EPS growth (YoY) +113%
Net debt 8.4B TRY FY2025

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

Quality Score breakdown

Overall quality 30/100
Profitability 11
Quality Growth 34
Cashflow 29
Fin. Strength 8
Investment 0
Low Volatility 61
Momentum 66
52W Momentum 48
Net Issuance 40

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

Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret A.S., an integrated solar technology company, produces solar photovoltaic modules in Turkey. The company installs renewable energy plants; and provides engineering and labor services. In addition, it engages in selling and marketing various solar power plant system equipment.

Full company description

Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret A.S., an integrated solar technology company, produces solar photovoltaic modules in Turkey. The company installs renewable energy plants; and provides engineering and labor services. In addition, it engages in selling and marketing various solar power plant system equipment. Further, the company is involved in the research and development activities for the electrical energy sector, including power grids and power generation facilities; provides maintenance and operation services of technical infrastructure and systems; manages turnkey projects for the electrical energy sector; offers project installation and maintenance repairs of low voltage lines and facilities, electrical networks, transformers, electricity distribution panels and tables, control systems, and meters. The company was incorporated in 2014 and is headquartered in Istanbul, Turkey. Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret A.S. is a subsidiary of Smart Holding A.S.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SMRTG reported revenue of 10.6B TRY in FY2025 versus 846M TRY in FY2021, a compound +88.1%/yr. Reported net income was −435M TRY in FY2025.

Revenue +88.1%/yr
FY21 846M TRY
FY22 2.2B TRY
FY23 11.7B TRY
FY24 15.3B TRY
FY25 10.6B TRY
Net income
FY21 80.0M TRY
FY22 248M TRY
FY23 1.5B TRY
FY24 577M TRY
FY25 −435M TRY

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Cite: Fair Value Calculator (2026). "SMRTG Fair Value". https://www.fairvalue-calculator.com/stock/SMRTG

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 45 / 4
FUTURE 0 / 0
PAST 0 / 0
HEALTH 67 / 82
DIVIDEND 0 / 14

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 Solar stocks, each showing price versus our Fair Value estimate (as of Aug 1, 2026).

Stock Price Fair Value vs Fair Value
First Solar, Inc F3A €261.50 €271.11 +4%
Nextpower Inc NXT $131.57 $79.08 -40%
Tongwei Co 600438 ¥13.00 ¥47.50 +265%
Waaree Energies Limited WAAREEENER ₹3,053 ₹4,337 +42%
Jinko Solar Co 688223 ¥5.15 ¥7.41 +44%
Hengdian Group 002056 ¥29.24 ¥22.76 -22%
CSI Solar Co 688472 ¥11.17 ¥5.85 -48%
Enphase Energy, Inc ENPH $52.41 $22.20 -58%
Premier Energies Limited PREMIERENE ₹1,080 ₹670.05 -38%
Trina Solar Co 688599 ¥14.63 ¥27.48 +88%

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Frequently asked questions

Is SMRTG overvalued or undervalued?
As of Aug 1, 2026, our model estimates a fair value of 11.62 TRY versus a price of 10.70 TRY, about +9% (fairly valued).
What is the fair value of SMRTG?
Our model-based fair value for SMRTG is 11.62 TRY (as of Aug 1, 2026), built from audited fundamentals. The current price is 10.70 TRY.
What is the quality score of SMRTG?
SMRTG has a Quality Score of 30/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of SMRTG?
SMRTG reported trailing-twelve-month revenue of about 9.7B TRY (latest available figure, as of Aug 1, 2026).
What is the net profit margin of SMRTG?
The net profit margin of SMRTG is about -0.1%, 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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