Zedur Enerji Elektrik Uretim A.S. (ZEDUR) fair value: what the stock is really worth
We calculate from audited financials what Zedur Enerji Elektrik Uretim A.S. 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.
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Zedur Enerji Elektrik Üretim Anonim Sirketi primarily engages in the production, distribution, and sale of electricity in Turkey. The company generates electricity through hydroelectric and solar power plants.
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Zedur Enerji Elektrik Üretim Anonim Sirketi primarily engages in the production, distribution, and sale of electricity in Turkey. The company generates electricity through hydroelectric and solar power plants. It is also involved in the provision of construction and contracting services for superstructure and infrastructure projects, including mass housing, office buildings, commercial centers, shopping malls, factories, luxury hotels, and holiday resorts, as well as infrastructure, canal, sewer, and tunnel construction projects; and the supply and sale of construction raw materials, intermediate materials, and supplies. The company was formerly known as Utopya Turizm Insaat Isletmecilik Ticaret A.S. and changed its name to Zedur Enerji Elektrik Üretim Anonim Sirketi in September 2022. Zedur Enerji Elektrik Üretim Anonim Sirketi was founded in 1980 and is headquartered in Ankara, Turkey.
Stock analysis
Zedur Enerji Elektrik Uretim A.S. (ZEDUR) currently trades at 7.26 TRY, while our model-based Fair Value estimate is 6.07 TRY, implying the stock looks roughly 19.6% overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 15.46 TRY per share, and 8 of the 11 models we run sit above the 7.26 TRY price.
Bear case: the Growth DCF group reads lowest at 3.08 TRY, and 3 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 4.81 TRY (bear) to 7.99 TRY (bull), the price of 7.26 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 36/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Zedur Enerji Elektrik Uretim A.S. reported revenue of 140M TRY in FY2024 versus 50.7M TRY in FY2020, a compound +28.9%/yr. Reported net income was 77.2M TRY in FY2024.
Key figures
Market cap 1.3B TRY (≈ $26.1M) · P/E ratio 16.5 · P/S ratio 9.11 · EPS (TTM) 0.4400 TRY · Net margin 55.2% · Return on equity −2.0% · Return on assets (EBIT) 1.2% · Operating margin −65.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at −16%, ZEDUR screens richer than that median.
Fair Value models
Bear 4.81 TRYFair Value 6.07 TRYBull 7.99 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 2024 figures (about 12 months old). Earnings retained since then (0.4400 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.60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.2%
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.
+7.0%
’19
’20
’22
’23
’24
What shareholders gained per year (last 3 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 3 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.
−63.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−63.7%
Dividend (yield on the price)0.0%
Profit margin 2019 to 2024 ⓘ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.22% → −6%
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+19.1%
Yearly growth needed for the next five years to justify today's price.
Compare Zedur Enerji Elektrik Uretim A.S. 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.Conglomerates · 377 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside+25% · Above median
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−36% · Bottom 25%
Operating margin (TTM)−66% · Bottom 25%
Growth and dividend
Revenue growth−10% · Bottom 25%
Balance sheet
Debt / equity0.10× · Below median
Valuation Multiplesvs Conglomerates 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). "Zedur Enerji Elektrik Uretim A.S. Fair Value". https://www.fairvalue-calculator.com/stock/ZEDUR
Frequently asked questions
Is Zedur Enerji Elektrik Uretim A.S. (ZEDUR) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 6.07 TRY versus a price of 7.26 TRY, about −16% upside (overvalued).
What is the fair value of ZEDUR?
Our model-based fair value for Zedur Enerji Elektrik Uretim A.S. is 6.07 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 7.26 TRY.
What is the quality score of ZEDUR?
Zedur Enerji Elektrik Uretim A.S. has a Quality Score of 36/100. 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 Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
Our model-based price target is the fair value of 6.07 TRY (as of Sep 13, 2026) from 11 valuation models. Cautious scenario 4.81 TRY, optimistic scenario 7.99 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Zedur Enerji Elektrik Uretim A.S. stock forecast for 2026?
Our models put fair value at 6.07 TRY, about −16% upside versus a price of 7.26 TRY (overvalued). Cautious scenario 4.81 TRY, optimistic scenario 7.99 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
Zedur Enerji Elektrik Uretim A.S. reported trailing-twelve-month revenue of about 126M TRY (latest available figure, as of Sep 13, 2026).
What growth is priced into Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
For today's price to be fair in a discounted-cash-flow model, Zedur Enerji Elektrik Uretim A.S. would have to grow free cash flow by +19.1 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.0 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of ZEDUR use?
Our models discount Zedur Enerji Elektrik Uretim A.S. at 12.7 %: a base by market capitalisation (nano), damped by beta 0.12, 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 Zedur Enerji Elektrik Uretim A.S. that is +19.1 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Zedur Enerji Elektrik Uretim A.S. (ZEDUR) delivered so far?
Over the past 5 years revenue at Zedur Enerji Elektrik Uretim A.S. grew +7.0 % a year. The price currently implies +19.1 % 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 Zedur Enerji Elektrik Uretim A.S. (ZEDUR) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Zedur Enerji Elektrik Uretim A.S. (+19.1 % 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 Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
The free-cash-flow yield on the price is 5.41 %: that much free cash flow Zedur Enerji Elektrik Uretim A.S. produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zedur Enerji Elektrik Uretim A.S. it is 6.07 TRY per share (as of Sep 13, 2026), against a price of 7.26 TRY. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Zedur Enerji Elektrik Uretim A.S. stock overvalued or undervalued in 2026?
As of Sep 13, 2026, ZEDUR trades above its calculated fair value: price 7.26 TRY, fair value 6.07 TRY, a gap of about −16% (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 ZEDUR?
No. The price is what the market pays today (7.26 TRY); the fair value is what the company's own numbers justify (6.07 TRY). For Zedur Enerji Elektrik Uretim A.S. the two are 1.19 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Zedur Enerji Elektrik Uretim A.S. worth?
The market values Zedur Enerji Elektrik Uretim A.S. at about 1.3B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 7.26 TRY; our models calculate a fair value of 6.07 TRY per share.
What do the bullish and bearish scenarios say about ZEDUR?
Our models span a range for Zedur Enerji Elektrik Uretim A.S.: cautious scenario 4.81 TRY, base 6.07 TRY, optimistic 7.99 TRY per share (as of Sep 13, 2026, price 7.26 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ZEDUR?
Zedur Enerji Elektrik Uretim A.S. trades at a price-to-earnings ratio of 16.5 (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 6.07 TRY is built from several models across several years. Other multiples: P/S 0.2, EV/EBITDA 10.1.
How solid is the balance sheet of Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
Balance-sheet figures for Zedur Enerji Elektrik Uretim A.S. (as of Sep 13, 2026): return on equity −2.0%, debt of 0.10 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is ZEDUR from its 52-week high?
Zedur Enerji Elektrik Uretim A.S. trades at 7.26 TRY, about 39% below its 52-week high of 11.95 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 6.07 TRY is for.
Which stocks are comparable to Zedur Enerji Elektrik Uretim A.S.?
From the same area (Industrials) we also value ITOCHU Corporation, 3M Company, Honeywell International Inc, CITIC 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 Zedur Enerji Elektrik Uretim A.S. stock attractive at the current price?
The data as of Sep 13, 2026: price 7.26 TRY, calculated fair value 6.07 TRY (−16%), Quality Score 36/100, from 11 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 ZEDUR calculated?
We run Zedur Enerji Elektrik Uretim A.S. through 11 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 6.07 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 15.6 % above its aggregate fair value. Zedur Enerji Elektrik Uretim A.S. 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 Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
The closing price on Sep 15, 2026 was 7.26 TRY. Our model-based fair value is 6.07 TRY, about −16% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zedur Enerji Elektrik Uretim A.S. right now?
Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Zedur Enerji Elektrik Uretim A.S.
How large is the market capitalisation of Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
The market capitalisation of Zedur Enerji Elektrik Uretim A.S. is 1.3B TRY (≈ $26.1M). 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 Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
The price-to-sales ratio of Zedur Enerji Elektrik Uretim A.S. is 9.11 (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 Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
Earnings per share at Zedur Enerji Elektrik Uretim A.S. are 0.4400 TRY (price ÷ EPS = P/E 16.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
The net margin of Zedur Enerji Elektrik Uretim A.S. is 55.2% (fiscal year 2024). 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 Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
The return on equity (ROE) of Zedur Enerji Elektrik Uretim A.S. is −2.0% (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 Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
On an EBIT basis the return on assets of Zedur Enerji Elektrik Uretim A.S. is 1.2% (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 Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
The operating margin of Zedur Enerji Elektrik Uretim A.S. is −65.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
Revenue at Zedur Enerji Elektrik Uretim A.S. is growing −9.5% versus a year earlier (3y avg +109%). 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 Zedur Enerji Elektrik Uretim A.S. (ZEDUR)?
Earnings per share at Zedur Enerji Elektrik Uretim A.S. are growing −68.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Zedur Enerji Elektrik Uretim A.S. (ZEDUR) carry?
The net debt of Zedur Enerji Elektrik Uretim A.S. is 296M TRY (fiscal year 2024, ≈ 4.3 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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