Ulusoy Elektrik Imalat (ULUSE) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Ulusoy Elektrik Imalat stock TRY 32.31, price TRY 137, upside -76.5%, quality 47 out of 100. Rating: strongly overvalued. 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 27, 2026.
How to read this chart
60‑month range 50.45 TRY – 369.20 TRY · fair‑value band 20.65 TRY – 45.89 TRY · the 137.40 TRY price screens above the 32.31 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 27, 2026.
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Ulusoy Elektrik Imalat Taahhüt ve Ticaret A.S. manufactures and sells electrical equipment for medium voltage power distribution networks and industrial plants in Turkey and Indonesia.
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It offers metal enclosed modular, metal clad, and gas insulated switchgears; and compact transformer substations, medium voltage distribution transformers and switchgear components, and medium voltage cable accessories. The company was incorporated in 1985 and is headquartered in Ankara, Turkey.
Ulusoy Elektrik Imalat Taahhüt ve Ticaret A.S. operates as a subsidiary of Eaton Industries XX Unlimited Company.
Stock analysis
Ulusoy Elektrik Imalat (ULUSE) currently trades at 137.40 TRY, while our model-based Fair Value estimate is 32.31 TRY, 76.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 34.01 TRY per share, and 0 of the 8 models we run sit above the 137.40 TRY price.
Bear case: the Multiples group reads lowest at 17.82 TRY, and 8 of the 8 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 20.65 TRY (bear) to 45.89 TRY (bull), the price of 137.40 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 47/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Ulusoy Elektrik Imalat reported revenue of 7.2B TRY in FY2025 versus 955M TRY in FY2021, a compound +66.0%/yr. Reported net income was −241M TRY in FY2025.
Key figures
Market cap 11.0B TRY (≈ $221M) Micro · P/E ratio 14.6 · P/S ratio 1.04 · EPS (TTM) 9.42 TRY · Net margin 7.9% · Return on equity 152% · Return on assets (EBIT) −0.8% · Operating margin 3.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 62% below its 52-week high and 2% 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 −76%, ULUSE screens richer than that median.
Fair Value models
Bear20.65 TRYFair Value 32.31 TRYBull45.89 TRY
Price 137.40 TRY · Upside -76.5%
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 (7.79 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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+11.8%
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.
+47.3%
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.
+61.4%
Start year 2020 (pandemic). Over 10 years: +47.9% a year
Revenue growth 14 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.
+37.3%
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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.
0.2% (2020) → −2.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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).
+45.8%
Yearly growth needed for the next five years to justify today's price.
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 +22.2% a year for the price.
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 · 555 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−76.5% · Bottom 25%
Profitability
Return on equity (12 months)152.4% · Top 25%
Return on assets−3.6% · Bottom 25%
Net margin (12 months)7.9% · Above median
Operating margin (12 months)3.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)139.6% · Top 25%
Balance sheet
Debt / equity6.44× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (12 months)14.6× · Cheapest 25%
P/S (12 months)1.04× · Cheaper than median
Price / free cash flow51.4× · Priciest 25%
EV/EBITDA34.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 65
PAST (return on equity)100· sector 26
HEALTH (low debt)0· sector 97
DIVIDEND (yield)0· sector 24
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). "Ulusoy Elektrik Imalat Fair Value". https://www.fairvalue-calculator.com/stock/ULUSE
Frequently asked questions
Is Ulusoy Elektrik Imalat (ULUSE) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of 32.31 TRY versus a price of 137.40 TRY, about −76% upside (overvalued).
What is the fair value of ULUSE?
Our model-based fair value for Ulusoy Elektrik Imalat is 32.31 TRY (as of Oct 27, 2026), built from audited fundamentals. The current price: 137.40 TRY.
What is the quality score of ULUSE?
Ulusoy Elektrik Imalat has a Quality Score of 47/100. 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 Ulusoy Elektrik Imalat (ULUSE)?
Our model-based price target is the fair value of 32.31 TRY (as of Oct 27, 2026) from 8 valuation models. Cautious scenario 20.65 TRY, optimistic scenario 45.89 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Ulusoy Elektrik Imalat stock forecast for 2026?
Our models put fair value at 32.31 TRY, about −76% upside versus a price of 137.40 TRY (overvalued). Cautious scenario 20.65 TRY, optimistic scenario 45.89 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Ulusoy Elektrik Imalat (ULUSE)?
Ulusoy Elektrik Imalat reported trailing-twelve-month revenue of about 10.6B TRY (latest available figure, as of Oct 27, 2026).
What growth is priced into Ulusoy Elektrik Imalat (ULUSE)?
For today's price to be fair in a discounted-cash-flow model, Ulusoy Elektrik Imalat would have to grow free cash flow by +45.8 % per year for five years (discount rate 15.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +61.5 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of ULUSE use?
Our models discount Ulusoy Elektrik Imalat at 15.7 %: a base by market capitalisation (micro), damped by beta 0.51, 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 Ulusoy Elektrik Imalat that is +45.8 % per year a year over ten years, using the same discount rate (15.7 %) and the same formula as our fair value.
How much growth has Ulusoy Elektrik Imalat (ULUSE) delivered so far?
Over the past 5 years revenue at Ulusoy Elektrik Imalat grew +61.5 % a year. The price currently implies +45.8 % 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 Ulusoy Elektrik Imalat (ULUSE) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Ulusoy Elektrik Imalat (+45.8 % 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 Ulusoy Elektrik Imalat (ULUSE)?
The free-cash-flow yield on the price is 1.94 %: that much free cash flow Ulusoy Elektrik Imalat produces per unit of market value. When it exceeds the discount rate of our models (15.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ulusoy Elektrik Imalat (ULUSE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ulusoy Elektrik Imalat it is 32.31 TRY per share (as of Oct 27, 2026), against a price of 137.40 TRY. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Ulusoy Elektrik Imalat stock overvalued or undervalued in 2026?
As of Oct 27, 2026, ULUSE trades above its calculated fair value: price 137.40 TRY, fair value 32.31 TRY, a gap of about −76% (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 ULUSE?
No. The price is what the market pays today (137.40 TRY); the fair value is what the company's own numbers justify (32.31 TRY). For Ulusoy Elektrik Imalat the two are 105.09 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Ulusoy Elektrik Imalat worth?
The market values Ulusoy Elektrik Imalat at about 11.0B TRY (market capitalisation, as of Oct 27, 2026). Per share that is 137.40 TRY; our models calculate a fair value of 32.31 TRY per share.
What do the bullish and bearish scenarios say about ULUSE?
Our models span a range for Ulusoy Elektrik Imalat: cautious scenario 20.65 TRY, base 32.31 TRY, optimistic 45.89 TRY per share (as of Oct 27, 2026, price 137.40 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ULUSE?
Ulusoy Elektrik Imalat trades at a price-to-earnings ratio of 14.6 (as of Oct 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 32.31 TRY is built from several models across several years. Other multiples: P/S 1.0, EV/EBITDA 34.3.
How solid is the balance sheet of Ulusoy Elektrik Imalat (ULUSE)?
Balance-sheet figures for Ulusoy Elektrik Imalat (as of Oct 27, 2026): return on equity 152.4%, debt of 6.44 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is ULUSE from its 52-week high?
Ulusoy Elektrik Imalat trades at 137.40 TRY, about 62% below its 52-week high of 363.00 TRY and 2% above the low of 135.30 TRY (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 32.31 TRY is for.
Which stocks are comparable to Ulusoy Elektrik Imalat?
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 Ulusoy Elektrik Imalat stock attractive at the current price?
The data as of Oct 27, 2026: price 137.40 TRY, calculated fair value 32.31 TRY (−76%), Quality Score 47/100, from 8 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 ULUSE calculated?
We run Ulusoy Elektrik Imalat through 8 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 32.31 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 13.4 % above its aggregate fair value. Ulusoy Elektrik Imalat 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 Ulusoy Elektrik Imalat (ULUSE)?
The closing price on Oct 28, 2026 was 137.40 TRY. Our model-based fair value is 32.31 TRY, about −76% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ulusoy Elektrik Imalat right now?
The price sits above even our optimistic bull case (45.89 TRY). The favourable scenario is already priced in. Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (20.65 TRY to 45.89 TRY) leaves room in how you read the outcome.
Key figures of Ulusoy Elektrik Imalat
How large is the market capitalisation of Ulusoy Elektrik Imalat (ULUSE)?
The market capitalisation of Ulusoy Elektrik Imalat is 11.0B TRY (≈ $221M). 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 Ulusoy Elektrik Imalat (ULUSE)?
The price-to-sales ratio of Ulusoy Elektrik Imalat is 1.04 (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 Ulusoy Elektrik Imalat (ULUSE)?
Earnings per share at Ulusoy Elektrik Imalat are 9.42 TRY (price ÷ EPS = P/E 14.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ulusoy Elektrik Imalat (ULUSE)?
The net margin of Ulusoy Elektrik Imalat is 7.9% (last twelve months). 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 Ulusoy Elektrik Imalat (ULUSE)?
The return on equity (ROE) of Ulusoy Elektrik Imalat is 152% (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 Ulusoy Elektrik Imalat (ULUSE)?
On an EBIT basis the return on assets of Ulusoy Elektrik Imalat is −0.8% (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 Ulusoy Elektrik Imalat (ULUSE)?
The operating margin of Ulusoy Elektrik Imalat is 3.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ulusoy Elektrik Imalat (ULUSE)?
Revenue at Ulusoy Elektrik Imalat is growing +140% versus a year earlier (3y avg +47.3%). 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 Ulusoy Elektrik Imalat (ULUSE)?
Earnings per share at Ulusoy Elektrik Imalat are growing +133% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ulusoy Elektrik Imalat (ULUSE) carry?
The net debt of Ulusoy Elektrik Imalat is 1.4B TRY (fiscal year 2025, ≈ 6.3 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 27, 2026