Ulusoy Elektrik Imalat (ULUSE) fair value: what the stock is really worth
We calculate from audited financials what Ulusoy Elektrik Imalat is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value 40.21 TRY · Strongly overvalued (−83%)
!Quality 50/100
!Mixed Growth(revenue 5y +61.4 %/yr)
!Thin margins · 9.5% net margin (TTM)
!High debt · generates free cash flow
!Mixed vs. peers(7/12)
!Moderate moat56/100
!Evidence only medium, so the estimate is less certain
!The models disagree: range 22.51 TRY to 71.97 TRY
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 50.45 TRY – 369.20 TRY · fair‑value band 22.51 TRY – 71.97 TRY · the 233.60 TRY price screens above the 40.21 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
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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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. 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 233.60 TRY, while our model-based Fair Value estimate is 40.21 TRY, implying the stock looks roughly 481.1% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 56.20 TRY per share, and 0 of the 12 models we run sit above the 233.60 TRY price.
Bear case: the DCF Models group reads lowest at 48.37 TRY, and 12 of the 12 models stay below the price. Evidence for this calculation is medium.
Scenario range: 22.51 TRY (bear) to 71.97 TRY (bull), the price of 233.60 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 50/100 (solid 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 20.9B TRY (≈ $430M) · P/E ratio 24.5 · P/S ratio 2.44 · EPS (TTM) 9.52 TRY · Net margin −3.3% · Return on equity 141% · Return on assets (EBIT) −0.8% · Operating margin 18.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 57% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −83%, ULUSE screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.2400 TRY to 78.03 TRY). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 22.51 TRYFair Value 40.21 TRYBull 71.97 TRY
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 8 months old). Earnings retained since then (6.70 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.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.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%
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).
+53.0%
Yearly growth needed for the next five years to justify today's 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 · 547 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Below median
Profitability
Return on equity (TTM)141% · Top 25%
Return on assets5% · Above median
Net margin (TTM)10% · Above median
Operating margin (TTM)18% · Top 25%
Growth and dividend
Revenue growth87% · Top 25%
Balance sheet
Debt / equity6.44× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)24.5× · Cheaper than median
P/S (TTM)2.44× · Pricier than median
P/FCF2.0× · Cheaper than median
EV/EBITDA30.3× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 58
PAST (return on equity)100· sector 26
HEALTH (low debt)0· sector 97
DIVIDEND (yield)0· sector 22
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 Sep 13, 2026, our model estimates a fair value of 40.21 TRY versus a price of 233.60 TRY, about −83% upside (overvalued).
What is the fair value of ULUSE?
Our model-based fair value for Ulusoy Elektrik Imalat is 40.21 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 233.60 TRY.
What is the quality score of ULUSE?
Ulusoy Elektrik Imalat has a Quality Score of 50/100. 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 40.21 TRY (as of Sep 13, 2026) from 12 valuation models. Cautious scenario 22.51 TRY, optimistic scenario 71.97 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 40.21 TRY, about −83% upside versus a price of 233.60 TRY (overvalued). Cautious scenario 22.51 TRY, optimistic scenario 71.97 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 8.6B TRY (latest available figure, as of Sep 13, 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 +53.0 % 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 +61.5 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of ULUSE use?
Our models discount Ulusoy Elektrik Imalat at 14.2 %: a base by market capitalisation (small), damped by beta 0.48, 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 +53.0 % 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 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 +53.0 % 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 +4.6 % a year. That is the yardstick for the growth priced into Ulusoy Elektrik Imalat (+53.0 % 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 1.14 %: that much free cash flow Ulusoy Elektrik Imalat 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 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 40.21 TRY per share (as of Sep 13, 2026), against a price of 233.60 TRY. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Ulusoy Elektrik Imalat stock overvalued or undervalued in 2026?
As of Sep 13, 2026, ULUSE trades above its calculated fair value: price 233.60 TRY, fair value 40.21 TRY, a gap of about −83% (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 (233.60 TRY); the fair value is what the company's own numbers justify (40.21 TRY). For Ulusoy Elektrik Imalat the two are 193.39 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 20.9B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 233.60 TRY; our models calculate a fair value of 40.21 TRY per share.
What do the bullish and bearish scenarios say about ULUSE?
Our models span a range for Ulusoy Elektrik Imalat: cautious scenario 22.51 TRY, base 40.21 TRY, optimistic 71.97 TRY per share (as of Sep 13, 2026, price 233.60 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 24.5 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 40.21 TRY is built from several models across several years. Other multiples: P/S 2.4, EV/EBITDA 30.3.
How solid is the balance sheet of Ulusoy Elektrik Imalat (ULUSE)?
Balance-sheet figures for Ulusoy Elektrik Imalat (as of Sep 13, 2026): return on equity 141.2%, debt of 6.44 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is ULUSE from its 52-week high?
Ulusoy Elektrik Imalat trades at 233.60 TRY, about 36% below its 52-week high of 367.25 TRY and 57% above the low of 148.70 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 40.21 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 Sep 13, 2026: price 233.60 TRY, calculated fair value 40.21 TRY (−83%), Quality Score 50/100, from 12 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 12 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 40.21 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 15.8 % 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 should I pay attention to with Ulusoy Elektrik Imalat right now?
The price sits above even our optimistic bull case (71.97 TRY). The favourable scenario is already priced in. The model range is unusually wide (22.51 TRY to 71.97 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
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 20.9B TRY (≈ $430M). 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 2.44 (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 9.52 TRY (price ÷ EPS = P/E 24.5). 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 −3.3% (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 Ulusoy Elektrik Imalat (ULUSE)?
The return on equity (ROE) of Ulusoy Elektrik Imalat is 141% (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 18.3% (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 +87.3% 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 −77.9% 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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