View ValuationAksa Enerji Üretim 향후 성장Future 기준 점검 5/6Aksa Enerji Üretim (는) 각각 연간 39.9% 및 26% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 39.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 10.5% 로 예상됩니다.핵심 정보39.9%이익 성장률39.90%EPS 성장률Renewable Energy 이익 성장33.5%매출 성장률26.0%향후 자기자본이익률10.47%애널리스트 커버리지Low마지막 업데이트30 Jul 2026최근 향후 성장 업데이트Price Target Changed • May 17Price target increased by 8.2% to ₺92.65Up from ₺85.64, the current price target is an average from 6 analysts. New target price is 13% above last closing price of ₺82.00. Stock is up 138% over the past year. The company is forecast to post earnings per share of ₺3.30 for next year compared to ₺2.98 last year.Price Target Changed • Apr 17Price target increased by 10% to ₺85.64Up from ₺77.60, the current price target is an average from 7 analysts. New target price is 6.9% above last closing price of ₺80.10. Stock is up 144% over the past year. The company is forecast to post earnings per share of ₺3.30 for next year compared to ₺2.98 last year.Price Target Changed • Jan 11Price target increased by 8.3% to ₺73.24Up from ₺67.65, the current price target is an average from 7 analysts. New target price is 9.8% above last closing price of ₺66.70. Stock is up 63% over the past year. The company posted earnings per share of ₺1.64 last year.Price Target Changed • Nov 02Price target increased by 11% to ₺63.85Up from ₺57.70, the current price target is an average from 7 analysts. New target price is 23% above last closing price of ₺52.00. Stock is up 59% over the past year. The company posted earnings per share of ₺1.64 last year.Price Target Changed • Jan 17Price target increased by 11% to ₺59.60Up from ₺53.47, the current price target is an average from 4 analysts. New target price is 47% above last closing price of ₺40.68. Stock is up 22% over the past year. The company posted earnings per share of ₺4.48 last year.Price Target Changed • Jun 14Price target increased by 9.2% to ₺53.47Up from ₺48.98, the current price target is an average from 4 analysts. New target price is 20% above last closing price of ₺44.70. Stock is up 41% over the past year. The company posted earnings per share of ₺4.48 last year.모든 업데이트 보기Recent updatesNew Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change).Valuation Update With 7 Day Price Move • Aug 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₺78.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Renewable Energy industry in Asia. Total returns to shareholders of 91% over the past three years.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₺106, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Renewable Energy industry in Asia. Total returns to shareholders of 181% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺68.28 per share.New Risk • May 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.Price Target Changed • May 17Price target increased by 8.2% to ₺92.65Up from ₺85.64, the current price target is an average from 6 analysts. New target price is 13% above last closing price of ₺82.00. Stock is up 138% over the past year. The company is forecast to post earnings per share of ₺3.30 for next year compared to ₺2.98 last year.공고 • May 14Aksa Enerji Üretim A.S., Annual General Meeting, Jun 09, 2026Aksa Enerji Üretim A.S., Annual General Meeting, Jun 09, 2026. Location: limak eurasia luxury hotel ruzgarlibahce mahallesi, sehit sinan eroglu caddesi no:5 kavacik, istanbul TurkeyPrice Target Changed • Apr 17Price target increased by 10% to ₺85.64Up from ₺77.60, the current price target is an average from 7 analysts. New target price is 6.9% above last closing price of ₺80.10. Stock is up 144% over the past year. The company is forecast to post earnings per share of ₺3.30 for next year compared to ₺2.98 last year.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₺77.55, the stock trades at a trailing P/E ratio of 26x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺39.48 per share.Reported Earnings • Mar 09Full year 2025 earnings releasedFull year 2025 results: Revenue: ₺42.4b (up 34% from FY 2024). Net income: ₺3.65b (up 82% from FY 2024). Profit margin: 8.6% (up from 6.3% in FY 2024). The increase in margin was driven by higher revenue.Price Target Changed • Jan 11Price target increased by 8.3% to ₺73.24Up from ₺67.65, the current price target is an average from 7 analysts. New target price is 9.8% above last closing price of ₺66.70. Stock is up 63% over the past year. The company posted earnings per share of ₺1.64 last year.Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₺61.30, the stock trades at a trailing P/E ratio of 55.8x. Average forward P/E is 12x in the Renewable Energy industry in Turkey. Total returns to shareholders of 28% over the past three years.New Risk • Nov 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.5% net profit margin).Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₺57.50, the stock trades at a trailing P/E ratio of 53.3x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 33% over the past three years.Price Target Changed • Nov 02Price target increased by 11% to ₺63.85Up from ₺57.70, the current price target is an average from 7 analysts. New target price is 23% above last closing price of ₺52.00. Stock is up 59% over the past year. The company posted earnings per share of ₺1.64 last year.Valuation Update With 7 Day Price Move • Oct 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₺44.18, the stock trades at a trailing P/E ratio of 41x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺21.12 per share.Reported Earnings • Aug 11Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: ₺9.86b (up 39% from 2Q 2024). Net income: ₺929.1m (up 8.6% from 2Q 2024). Profit margin: 9.4% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses.Buy Or Sell Opportunity • Jun 11Now 22% overvaluedOver the last 90 days, the stock has fallen 6.0% to ₺34.02. The fair value is estimated to be ₺27.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Earnings per share has declined by 2.5%.Reported Earnings • May 14First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: ₺9.63b (up 52% from 1Q 2024). Net income: ₺398.9m (down 49% from 1Q 2024). Profit margin: 4.1% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.공고 • May 13Aksa Enerji Üretim A.S., Annual General Meeting, Jun 13, 2025Aksa Enerji Üretim A.S., Annual General Meeting, Jun 13, 2025.Valuation Update With 7 Day Price Move • Mar 21Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₺31.10, the stock trades at a trailing P/E ratio of 19x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 145% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺33.81 per share.New Risk • Mar 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.3% net profit margin).Price Target Changed • Jan 17Price target increased by 11% to ₺59.60Up from ₺53.47, the current price target is an average from 4 analysts. New target price is 47% above last closing price of ₺40.68. Stock is up 22% over the past year. The company posted earnings per share of ₺4.48 last year.Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: ₺21.6b (up 194% from 3Q 2023). Net income: ₺2.30b (up 92% from 3Q 2023). Profit margin: 11% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Renewable Energy industry in Asia.Reported Earnings • Sep 06Second quarter 2024 earnings released: EPS: ₺0.59 (vs ₺1.08 in 2Q 2023)Second quarter 2024 results: EPS: ₺0.59 (down from ₺1.08 in 2Q 2023). Revenue: ₺5.98b (up 15% from 2Q 2023). Net income: ₺721.3m (down 46% from 2Q 2023). Profit margin: 12% (down from 26% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₺36.82, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 509% over the past three years.New Risk • Jun 16New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.Price Target Changed • Jun 14Price target increased by 9.2% to ₺53.47Up from ₺48.98, the current price target is an average from 4 analysts. New target price is 20% above last closing price of ₺44.70. Stock is up 41% over the past year. The company posted earnings per share of ₺4.48 last year.Upcoming Dividend • May 30Upcoming dividend of ₺1.30 per shareEligible shareholders must have bought the stock before 06 June 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Turkish dividend payers (2.3%). Higher than average of industry peers (1.1%).Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₺46.44, the stock trades at a trailing P/E ratio of 10.4x. Average forward P/E is 12x in the Renewable Energy industry in Turkey. Total returns to shareholders of 628% over the past three years.Reported Earnings • May 10Full year 2023 earnings releasedFull year 2023 results: Revenue: ₺35.2b (down 23% from FY 2022). Net income: ₺5.50b (up 21% from FY 2022). Profit margin: 16% (up from 10.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Renewable Energy industry in Turkey.Buy Or Sell Opportunity • Mar 18Now 20% undervaluedOver the last 90 days, the stock has risen 19% to ₺35.50. The fair value is estimated to be ₺44.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Earnings per share has grown by 67%.Buy Or Sell Opportunity • Jan 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.1% to ₺33.28. The fair value is estimated to be ₺42.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Earnings per share has grown by 67%.Buying Opportunity • Dec 07Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be ₺42.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Earnings per share has grown by 67%.Reported Earnings • Nov 07Third quarter 2023 earnings released: EPS: ₺0.98 (vs ₺1.19 in 3Q 2022)Third quarter 2023 results: EPS: ₺0.98 (down from ₺1.19 in 3Q 2022). Revenue: ₺7.36b (down 52% from 3Q 2022). Net income: ₺1.20b (down 17% from 3Q 2022). Profit margin: 16% (up from 9.6% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 07Third quarter 2023 earnings released: EPS: ₺0.98 (vs ₺1.19 in 3Q 2022)Third quarter 2023 results: EPS: ₺0.98 (down from ₺1.19 in 3Q 2022). Revenue: ₺7.36b (down 52% from 3Q 2022). Net income: ₺1.20b (down 17% from 3Q 2022). Profit margin: 16% (up from 9.6% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₺42.46, the stock trades at a trailing P/E ratio of 11.6x. Average forward P/E is 10x in the Renewable Energy industry in Turkey. Total returns to shareholders of 1,387% over the past three years.Reported Earnings • Aug 17Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: ₺5.21b (down 59% from 2Q 2022). Net income: ₺1.33b (up 3.6% from 2Q 2022). Profit margin: 26% (up from 10% in 2Q 2022). The increase in margin was driven by lower expenses.Valuation Update With 7 Day Price Move • Jun 19Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₺29.58, the stock trades at a trailing P/E ratio of 8.2x. Average forward P/E is 12x in the Renewable Energy industry in Turkey. Total returns to shareholders of 1,169% over the past three years.Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₺34.04, the stock trades at a trailing P/E ratio of 9.4x. Average forward P/E is 12x in the Renewable Energy industry in Turkey. Total returns to shareholders of 1,397% over the past three years.Price Target Changed • May 09Price target decreased by 9.6% to ₺41.42Down from ₺45.83, the current price target is an average from 3 analysts. New target price is 53% above last closing price of ₺27.04. Stock is up 55% over the past year. The company posted earnings per share of ₺3.72 last year.Reported Earnings • May 09First quarter 2023 earnings released: EPS: ₺0.86 (vs ₺0.96 in 1Q 2022)First quarter 2023 results: EPS: ₺0.86 (down from ₺0.96 in 1Q 2022). Revenue: ₺8.29b (up 41% from 1Q 2022). Net income: ₺1.05b (down 10% from 1Q 2022). Profit margin: 13% (down from 20% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has increased by 131% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Apr 26Upcoming dividend of ₺0.82 per share at 2.7% yieldEligible shareholders must have bought the stock before 03 May 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Turkish dividend payers (3.3%). Higher than average of industry peers (1.8%).Reported Earnings • Mar 02Full year 2022 earnings released: EPS: ₺3.72 (vs ₺1.37 in FY 2021)Full year 2022 results: EPS: ₺3.72 (up from ₺1.37 in FY 2021). Revenue: ₺45.6b (up 229% from FY 2021). Net income: ₺4.56b (up 172% from FY 2021). Profit margin: 10.0% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has increased by 159% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₺29.48, the stock trades at a trailing P/E ratio of 7.6x. Average forward P/E is 11x in the Renewable Energy industry in Turkey. Total returns to shareholders of 1,397% over the past three years.Reported Earnings • Nov 21Third quarter 2022 earnings released: EPS: ₺1.19 (vs ₺0.27 in 3Q 2021)Third quarter 2022 results: EPS: ₺1.19 (up from ₺0.27 in 3Q 2021). Revenue: ₺15.2b (up 326% from 3Q 2021). Net income: ₺1.45b (up 347% from 3Q 2021). Profit margin: 9.6% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has increased by 199% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Nov 16Price target increased to ₺37.83Up from ₺33.87, the current price target is an average from 3 analysts. New target price is 25% below last closing price of ₺50.35. Stock is up 555% over the past year. The company posted earnings per share of ₺1.37 last year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Halit Yildiz was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: ₺1.19 (vs ₺0.27 in 3Q 2021)Third quarter 2022 results: EPS: ₺1.19 (up from ₺0.27 in 3Q 2021). Revenue: ₺15.2b (up 326% from 3Q 2021). Net income: ₺1.45b (up 347% from 3Q 2021). Profit margin: 9.6% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has increased by 216% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Nov 08Price target increased to ₺37.83Up from ₺32.34, the current price target is an average from 3 analysts. New target price is 17% below last closing price of ₺45.62. Stock is up 542% over the past year. The company posted earnings per share of ₺1.37 last year.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₺47.00, the stock trades at a trailing P/E ratio of 15.8x. Average forward P/E is 11x in the Renewable Energy industry in Turkey. Total returns to shareholders of 3,440% over the past three years.Valuation Update With 7 Day Price Move • Oct 04Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₺40.60, the stock trades at a trailing P/E ratio of 13.6x. Average forward P/E is 11x in the Renewable Energy industry in Turkey. Total returns to shareholders of 3,088% over the past three years.Reported Earnings • Aug 19Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ₺12.7b (up 384% from 2Q 2021). Net income: ₺1.28b (up 358% from 2Q 2021). Profit margin: 10% (in line with 2Q 2021).Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improved over the past weekAfter last week's 26% share price gain to ₺23.22, the stock trades at a trailing P/E ratio of 10.8x. Average forward P/E is 14x in the Renewable Energy industry in Turkey. Total returns to shareholders of 1,876% over the past three years.Reported Earnings • May 10First quarter 2022 earnings released: EPS: ₺0.96 (vs ₺0.17 in 1Q 2021)First quarter 2022 results: EPS: ₺0.96 (up from ₺0.17 in 1Q 2021). Revenue: ₺5.89b (up 175% from 1Q 2021). Net income: ₺1.18b (up 466% from 1Q 2021). Profit margin: 20% (up from 9.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 50%, compared to a 14% growth forecast for the industry in Turkey. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has increased by 149% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Apr 27Price target increased to ₺14.50Up from ₺13.17, the current price target is an average from 2 analysts. New target price is 9.9% below last closing price of ₺16.10. Stock is up 182% over the past year. The company posted earnings per share of ₺1.37 last year.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Ilhan Helvaci was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Price Target Changed • Apr 21Price target increased to ₺14.50Up from ₺12.43, the current price target is an average from 2 analysts. New target price is 13% below last closing price of ₺16.65. Stock is up 200% over the past year. The company posted earnings per share of ₺1.37 last year.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₺15.98, the stock trades at a trailing P/E ratio of 11.7x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 1,237% over the past three years.Reported Earnings • Mar 02Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: ₺1.37 (up from ₺0.38 in FY 2020). Revenue: ₺13.9b (up 92% from FY 2020). Net income: ₺1.68b (up 257% from FY 2020). Profit margin: 12% (up from 6.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.8%. Over the next year, revenue is forecast to grow 55%, compared to a 13% growth forecast for the industry in Turkey. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jan 31Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₺12.51, the stock trades at a trailing P/E ratio of 16.5x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 745% over the past three years.Valuation Update With 7 Day Price Move • Nov 23Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₺9.11, the stock trades at a trailing P/E ratio of 12x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 486% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺9.28 per share.Price Target Changed • Nov 14Price target increased to ₺8.79Up from ₺8.19, the current price target is an average from 3 analysts. New target price is 24% above last closing price of ₺7.10. Stock is up 93% over the past year. The company posted earnings per share of ₺0.38 last year.Reported Earnings • Nov 07Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₺3.56b (up 98% from 3Q 2020). Net income: ₺325.3m (up 144% from 3Q 2020). Profit margin: 9.1% (up from 7.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year whereas the company’s share price has increased by 65% per year.Valuation Update With 7 Day Price Move • Oct 06Investor sentiment deteriorated over the past weekAfter last week's 54% share price decline to ₺6.48, the stock trades at a trailing P/E ratio of 5.4x. Average forward P/E is 15x in the Renewable Energy industry in Turkey. Total returns to shareholders of 74% over the past three years.Reported Earnings • Aug 21Second quarter 2021 earnings released: EPS ₺0.46 (vs ₺0.24 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₺2.62b (up 62% from 2Q 2020). Net income: ₺280.3m (up 90% from 2Q 2020). Profit margin: 11% (up from 9.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 50% per year.Price Target Changed • Aug 18Price target increased to ₺16.38Up from ₺15.28, the current price target is an average from 4 analysts. New target price is 18% above last closing price of ₺13.91. Stock is up 156% over the past year.Price Target Changed • Jul 04Price target increased to ₺15.28Up from ₺10.73, the current price target is an average from 4 analysts. New target price is 36% above last closing price of ₺11.27. Stock is up 101% over the past year.Reported Earnings • May 12First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₺2.14b (up 16% from 1Q 2020). Net income: ₺207.6m (up 179% from 1Q 2020). Profit margin: 9.7% (up from 4.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 27Full year 2020 earnings released: EPS ₺0.77 (vs ₺0.54 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₺7.23b (up 30% from FY 2019). Net income: ₺470.0m (up 43% from FY 2019). Profit margin: 6.5% (up from 5.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 37%. Over the next year, revenue is forecast to grow 19%, compared to a 10% growth forecast for the Renewable Energy industry in Turkey.Price Target Changed • Feb 26Price target raised to ₺8.15Up from ₺5.15, the current price target is provided by 1 analyst. The new target price is 23% below the current share price of ₺10.56. As of last close, the stock is up 197% over the past year.Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₺11.97, the stock is trading at a trailing P/E ratio of 14.4x, up from the previous P/E ratio of 12.2x. This compares to an average P/E of 13x in the Renewable Energy industry in Asia. Total returns to shareholders over the past three years are 150%.Is New 90 Day High Low • Feb 04New 90-day high: ₺10.95The company is up 53% from its price of ₺7.14 on 06 November 2020. The Turkish market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 49% over the same period.Is New 90 Day High Low • Jan 18New 90-day high: ₺8.38The company is up 25% from its price of ₺6.70 on 20 October 2020. The Turkish market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 22% over the same period.Is New 90 Day High Low • Dec 31New 90-day high: ₺7.44The company is up 16% from its price of ₺6.42 on 02 October 2020. The Turkish market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is up 10.0% over the same period.Analyst Estimate Surprise Post Earnings • Nov 07Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 45%.Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 16% share price gain to ₺7.14, the stock is trading at a trailing P/E ratio of 9.9x, up from the previous P/E ratio of 8.5x. This compares to an average P/E of 12x in the Renewable Energy industry in Asia. Total returns to shareholders over the past three years are 82%.Is New 90 Day High Low • Nov 06New 90-day high: ₺7.14The company is up 49% from its price of ₺4.80 on 07 August 2020. The Turkish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 33% over the same period.Is New 90 Day High Low • Oct 14New 90-day high: ₺7.07The company is up 19% from its price of ₺5.92 on 16 July 2020. The Turkish market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 12% over the same period.Is New 90 Day High Low • Sep 28New 90-day high: ₺6.00The company is up 10.0% from its price of ₺5.46 on 30 June 2020. The Turkish market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Renewable Energy industry, which is up 21% over the same period.이익 및 매출 성장 예측IBSE:AKSEN - 애널리스트 향후 추정치 및 과거 재무 데이터 (TRY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202872,67610,30520,39928,452112/31/202773,4657,571-5,37822,996412/31/202653,9054,043-13,88015,85523/31/202639,7373,695-8,67410,132N/A12/31/202542,3853,652-6,51611,802N/A9/30/202546,0802,066-13,9866,781N/A6/30/202547,4761,990-10,43515,335N/A3/31/202545,4332,086-6,92818,353N/A12/31/202441,4122,627-7,77216,497N/A9/30/202441,0386,4292,41619,555N/A6/30/202441,5036,3531,90511,013N/A3/31/202443,8297,2602,4728,138N/A12/31/202350,7827,9364,8627,603N/A9/30/202391,9516,2473,4266,428N/A6/30/202395,7186,8962,8455,806N/A3/31/202396,7446,1451,3864,274N/A12/31/202287,1025,582-2,2071,149N/A9/30/202239,2944,779-1,8591,321N/A6/30/202227,6913,650-1,7601,444N/A3/31/202217,6352,648-3,100272N/A12/31/202113,8871,680-1,832918N/A9/30/202110,286928-746597N/A6/30/20218,528736-506364N/A3/31/20217,5286038651,325N/A12/31/20207,2314709721,227N/A9/30/20207,0475108511,087N/A6/30/20206,7334448651,079N/A3/31/20206,270353764964N/A12/31/20195,579329N/A810N/A9/30/20194,983185N/A1,137N/A6/30/20194,924117N/A567N/A3/31/20194,80364N/A-73N/A12/31/20184,66926N/A-245N/A9/30/20184,520297N/A-651N/A6/30/20184,045365N/A-339N/A3/31/20183,883359N/A37N/A12/31/20173,599258N/A228N/A9/30/20173,531-299N/A126N/A6/30/20173,489-439N/A-99N/A3/31/20173,191-461N/A-476N/A12/31/20163,178-363N/A-182N/A9/30/20162,911-65N/A263N/A6/30/20162,752-184N/A403N/A3/31/20162,679-108N/A122N/A12/31/20152,307-215N/A-126N/A9/30/20152,055-255N/A-358N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: AKSEN 의 연간 예상 수익 증가율(39.9%)이 saving rate(23.1%)보다 높습니다.수익 vs 시장: AKSEN 의 연간 수익(39.9%)이 TR 시장(32.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: AKSEN 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: AKSEN 의 수익(연간 26%)이 TR 시장(연간 23.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: AKSEN 의 수익(연간 26%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: AKSEN의 자본 수익률은 3년 후 10.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YUtilities 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/16 08:51종가2026/08/14 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Aksa Enerji Üretim A.S.는 11명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Ali BirdalBofA Global ResearchCansu KaraözDeniz Yatirim Menkul Degerler A.S.Muharrem GülseverDeutsche Bank8명의 분석가 더 보기
Price Target Changed • May 17Price target increased by 8.2% to ₺92.65Up from ₺85.64, the current price target is an average from 6 analysts. New target price is 13% above last closing price of ₺82.00. Stock is up 138% over the past year. The company is forecast to post earnings per share of ₺3.30 for next year compared to ₺2.98 last year.
Price Target Changed • Apr 17Price target increased by 10% to ₺85.64Up from ₺77.60, the current price target is an average from 7 analysts. New target price is 6.9% above last closing price of ₺80.10. Stock is up 144% over the past year. The company is forecast to post earnings per share of ₺3.30 for next year compared to ₺2.98 last year.
Price Target Changed • Jan 11Price target increased by 8.3% to ₺73.24Up from ₺67.65, the current price target is an average from 7 analysts. New target price is 9.8% above last closing price of ₺66.70. Stock is up 63% over the past year. The company posted earnings per share of ₺1.64 last year.
Price Target Changed • Nov 02Price target increased by 11% to ₺63.85Up from ₺57.70, the current price target is an average from 7 analysts. New target price is 23% above last closing price of ₺52.00. Stock is up 59% over the past year. The company posted earnings per share of ₺1.64 last year.
Price Target Changed • Jan 17Price target increased by 11% to ₺59.60Up from ₺53.47, the current price target is an average from 4 analysts. New target price is 47% above last closing price of ₺40.68. Stock is up 22% over the past year. The company posted earnings per share of ₺4.48 last year.
Price Target Changed • Jun 14Price target increased by 9.2% to ₺53.47Up from ₺48.98, the current price target is an average from 4 analysts. New target price is 20% above last closing price of ₺44.70. Stock is up 41% over the past year. The company posted earnings per share of ₺4.48 last year.
New Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change).
Valuation Update With 7 Day Price Move • Aug 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₺78.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Renewable Energy industry in Asia. Total returns to shareholders of 91% over the past three years.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₺106, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Renewable Energy industry in Asia. Total returns to shareholders of 181% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺68.28 per share.
New Risk • May 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
Price Target Changed • May 17Price target increased by 8.2% to ₺92.65Up from ₺85.64, the current price target is an average from 6 analysts. New target price is 13% above last closing price of ₺82.00. Stock is up 138% over the past year. The company is forecast to post earnings per share of ₺3.30 for next year compared to ₺2.98 last year.
공고 • May 14Aksa Enerji Üretim A.S., Annual General Meeting, Jun 09, 2026Aksa Enerji Üretim A.S., Annual General Meeting, Jun 09, 2026. Location: limak eurasia luxury hotel ruzgarlibahce mahallesi, sehit sinan eroglu caddesi no:5 kavacik, istanbul Turkey
Price Target Changed • Apr 17Price target increased by 10% to ₺85.64Up from ₺77.60, the current price target is an average from 7 analysts. New target price is 6.9% above last closing price of ₺80.10. Stock is up 144% over the past year. The company is forecast to post earnings per share of ₺3.30 for next year compared to ₺2.98 last year.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₺77.55, the stock trades at a trailing P/E ratio of 26x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺39.48 per share.
Reported Earnings • Mar 09Full year 2025 earnings releasedFull year 2025 results: Revenue: ₺42.4b (up 34% from FY 2024). Net income: ₺3.65b (up 82% from FY 2024). Profit margin: 8.6% (up from 6.3% in FY 2024). The increase in margin was driven by higher revenue.
Price Target Changed • Jan 11Price target increased by 8.3% to ₺73.24Up from ₺67.65, the current price target is an average from 7 analysts. New target price is 9.8% above last closing price of ₺66.70. Stock is up 63% over the past year. The company posted earnings per share of ₺1.64 last year.
Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₺61.30, the stock trades at a trailing P/E ratio of 55.8x. Average forward P/E is 12x in the Renewable Energy industry in Turkey. Total returns to shareholders of 28% over the past three years.
New Risk • Nov 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.5% net profit margin).
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₺57.50, the stock trades at a trailing P/E ratio of 53.3x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 33% over the past three years.
Price Target Changed • Nov 02Price target increased by 11% to ₺63.85Up from ₺57.70, the current price target is an average from 7 analysts. New target price is 23% above last closing price of ₺52.00. Stock is up 59% over the past year. The company posted earnings per share of ₺1.64 last year.
Valuation Update With 7 Day Price Move • Oct 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₺44.18, the stock trades at a trailing P/E ratio of 41x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺21.12 per share.
Reported Earnings • Aug 11Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: ₺9.86b (up 39% from 2Q 2024). Net income: ₺929.1m (up 8.6% from 2Q 2024). Profit margin: 9.4% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses.
Buy Or Sell Opportunity • Jun 11Now 22% overvaluedOver the last 90 days, the stock has fallen 6.0% to ₺34.02. The fair value is estimated to be ₺27.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Earnings per share has declined by 2.5%.
Reported Earnings • May 14First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: ₺9.63b (up 52% from 1Q 2024). Net income: ₺398.9m (down 49% from 1Q 2024). Profit margin: 4.1% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
공고 • May 13Aksa Enerji Üretim A.S., Annual General Meeting, Jun 13, 2025Aksa Enerji Üretim A.S., Annual General Meeting, Jun 13, 2025.
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₺31.10, the stock trades at a trailing P/E ratio of 19x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 145% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺33.81 per share.
New Risk • Mar 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.3% net profit margin).
Price Target Changed • Jan 17Price target increased by 11% to ₺59.60Up from ₺53.47, the current price target is an average from 4 analysts. New target price is 47% above last closing price of ₺40.68. Stock is up 22% over the past year. The company posted earnings per share of ₺4.48 last year.
Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: ₺21.6b (up 194% from 3Q 2023). Net income: ₺2.30b (up 92% from 3Q 2023). Profit margin: 11% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Renewable Energy industry in Asia.
Reported Earnings • Sep 06Second quarter 2024 earnings released: EPS: ₺0.59 (vs ₺1.08 in 2Q 2023)Second quarter 2024 results: EPS: ₺0.59 (down from ₺1.08 in 2Q 2023). Revenue: ₺5.98b (up 15% from 2Q 2023). Net income: ₺721.3m (down 46% from 2Q 2023). Profit margin: 12% (down from 26% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₺36.82, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 509% over the past three years.
New Risk • Jun 16New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
Price Target Changed • Jun 14Price target increased by 9.2% to ₺53.47Up from ₺48.98, the current price target is an average from 4 analysts. New target price is 20% above last closing price of ₺44.70. Stock is up 41% over the past year. The company posted earnings per share of ₺4.48 last year.
Upcoming Dividend • May 30Upcoming dividend of ₺1.30 per shareEligible shareholders must have bought the stock before 06 June 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Turkish dividend payers (2.3%). Higher than average of industry peers (1.1%).
Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₺46.44, the stock trades at a trailing P/E ratio of 10.4x. Average forward P/E is 12x in the Renewable Energy industry in Turkey. Total returns to shareholders of 628% over the past three years.
Reported Earnings • May 10Full year 2023 earnings releasedFull year 2023 results: Revenue: ₺35.2b (down 23% from FY 2022). Net income: ₺5.50b (up 21% from FY 2022). Profit margin: 16% (up from 10.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Renewable Energy industry in Turkey.
Buy Or Sell Opportunity • Mar 18Now 20% undervaluedOver the last 90 days, the stock has risen 19% to ₺35.50. The fair value is estimated to be ₺44.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Earnings per share has grown by 67%.
Buy Or Sell Opportunity • Jan 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.1% to ₺33.28. The fair value is estimated to be ₺42.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Earnings per share has grown by 67%.
Buying Opportunity • Dec 07Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be ₺42.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Earnings per share has grown by 67%.
Reported Earnings • Nov 07Third quarter 2023 earnings released: EPS: ₺0.98 (vs ₺1.19 in 3Q 2022)Third quarter 2023 results: EPS: ₺0.98 (down from ₺1.19 in 3Q 2022). Revenue: ₺7.36b (down 52% from 3Q 2022). Net income: ₺1.20b (down 17% from 3Q 2022). Profit margin: 16% (up from 9.6% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 07Third quarter 2023 earnings released: EPS: ₺0.98 (vs ₺1.19 in 3Q 2022)Third quarter 2023 results: EPS: ₺0.98 (down from ₺1.19 in 3Q 2022). Revenue: ₺7.36b (down 52% from 3Q 2022). Net income: ₺1.20b (down 17% from 3Q 2022). Profit margin: 16% (up from 9.6% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₺42.46, the stock trades at a trailing P/E ratio of 11.6x. Average forward P/E is 10x in the Renewable Energy industry in Turkey. Total returns to shareholders of 1,387% over the past three years.
Reported Earnings • Aug 17Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: ₺5.21b (down 59% from 2Q 2022). Net income: ₺1.33b (up 3.6% from 2Q 2022). Profit margin: 26% (up from 10% in 2Q 2022). The increase in margin was driven by lower expenses.
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₺29.58, the stock trades at a trailing P/E ratio of 8.2x. Average forward P/E is 12x in the Renewable Energy industry in Turkey. Total returns to shareholders of 1,169% over the past three years.
Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₺34.04, the stock trades at a trailing P/E ratio of 9.4x. Average forward P/E is 12x in the Renewable Energy industry in Turkey. Total returns to shareholders of 1,397% over the past three years.
Price Target Changed • May 09Price target decreased by 9.6% to ₺41.42Down from ₺45.83, the current price target is an average from 3 analysts. New target price is 53% above last closing price of ₺27.04. Stock is up 55% over the past year. The company posted earnings per share of ₺3.72 last year.
Reported Earnings • May 09First quarter 2023 earnings released: EPS: ₺0.86 (vs ₺0.96 in 1Q 2022)First quarter 2023 results: EPS: ₺0.86 (down from ₺0.96 in 1Q 2022). Revenue: ₺8.29b (up 41% from 1Q 2022). Net income: ₺1.05b (down 10% from 1Q 2022). Profit margin: 13% (down from 20% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has increased by 131% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Apr 26Upcoming dividend of ₺0.82 per share at 2.7% yieldEligible shareholders must have bought the stock before 03 May 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Turkish dividend payers (3.3%). Higher than average of industry peers (1.8%).
Reported Earnings • Mar 02Full year 2022 earnings released: EPS: ₺3.72 (vs ₺1.37 in FY 2021)Full year 2022 results: EPS: ₺3.72 (up from ₺1.37 in FY 2021). Revenue: ₺45.6b (up 229% from FY 2021). Net income: ₺4.56b (up 172% from FY 2021). Profit margin: 10.0% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has increased by 159% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₺29.48, the stock trades at a trailing P/E ratio of 7.6x. Average forward P/E is 11x in the Renewable Energy industry in Turkey. Total returns to shareholders of 1,397% over the past three years.
Reported Earnings • Nov 21Third quarter 2022 earnings released: EPS: ₺1.19 (vs ₺0.27 in 3Q 2021)Third quarter 2022 results: EPS: ₺1.19 (up from ₺0.27 in 3Q 2021). Revenue: ₺15.2b (up 326% from 3Q 2021). Net income: ₺1.45b (up 347% from 3Q 2021). Profit margin: 9.6% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has increased by 199% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Nov 16Price target increased to ₺37.83Up from ₺33.87, the current price target is an average from 3 analysts. New target price is 25% below last closing price of ₺50.35. Stock is up 555% over the past year. The company posted earnings per share of ₺1.37 last year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Halit Yildiz was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: ₺1.19 (vs ₺0.27 in 3Q 2021)Third quarter 2022 results: EPS: ₺1.19 (up from ₺0.27 in 3Q 2021). Revenue: ₺15.2b (up 326% from 3Q 2021). Net income: ₺1.45b (up 347% from 3Q 2021). Profit margin: 9.6% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has increased by 216% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Nov 08Price target increased to ₺37.83Up from ₺32.34, the current price target is an average from 3 analysts. New target price is 17% below last closing price of ₺45.62. Stock is up 542% over the past year. The company posted earnings per share of ₺1.37 last year.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₺47.00, the stock trades at a trailing P/E ratio of 15.8x. Average forward P/E is 11x in the Renewable Energy industry in Turkey. Total returns to shareholders of 3,440% over the past three years.
Valuation Update With 7 Day Price Move • Oct 04Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₺40.60, the stock trades at a trailing P/E ratio of 13.6x. Average forward P/E is 11x in the Renewable Energy industry in Turkey. Total returns to shareholders of 3,088% over the past three years.
Reported Earnings • Aug 19Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ₺12.7b (up 384% from 2Q 2021). Net income: ₺1.28b (up 358% from 2Q 2021). Profit margin: 10% (in line with 2Q 2021).
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improved over the past weekAfter last week's 26% share price gain to ₺23.22, the stock trades at a trailing P/E ratio of 10.8x. Average forward P/E is 14x in the Renewable Energy industry in Turkey. Total returns to shareholders of 1,876% over the past three years.
Reported Earnings • May 10First quarter 2022 earnings released: EPS: ₺0.96 (vs ₺0.17 in 1Q 2021)First quarter 2022 results: EPS: ₺0.96 (up from ₺0.17 in 1Q 2021). Revenue: ₺5.89b (up 175% from 1Q 2021). Net income: ₺1.18b (up 466% from 1Q 2021). Profit margin: 20% (up from 9.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 50%, compared to a 14% growth forecast for the industry in Turkey. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has increased by 149% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Apr 27Price target increased to ₺14.50Up from ₺13.17, the current price target is an average from 2 analysts. New target price is 9.9% below last closing price of ₺16.10. Stock is up 182% over the past year. The company posted earnings per share of ₺1.37 last year.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Ilhan Helvaci was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Price Target Changed • Apr 21Price target increased to ₺14.50Up from ₺12.43, the current price target is an average from 2 analysts. New target price is 13% below last closing price of ₺16.65. Stock is up 200% over the past year. The company posted earnings per share of ₺1.37 last year.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₺15.98, the stock trades at a trailing P/E ratio of 11.7x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 1,237% over the past three years.
Reported Earnings • Mar 02Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: ₺1.37 (up from ₺0.38 in FY 2020). Revenue: ₺13.9b (up 92% from FY 2020). Net income: ₺1.68b (up 257% from FY 2020). Profit margin: 12% (up from 6.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.8%. Over the next year, revenue is forecast to grow 55%, compared to a 13% growth forecast for the industry in Turkey. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jan 31Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₺12.51, the stock trades at a trailing P/E ratio of 16.5x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 745% over the past three years.
Valuation Update With 7 Day Price Move • Nov 23Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₺9.11, the stock trades at a trailing P/E ratio of 12x. Average forward P/E is 13x in the Renewable Energy industry in Turkey. Total returns to shareholders of 486% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺9.28 per share.
Price Target Changed • Nov 14Price target increased to ₺8.79Up from ₺8.19, the current price target is an average from 3 analysts. New target price is 24% above last closing price of ₺7.10. Stock is up 93% over the past year. The company posted earnings per share of ₺0.38 last year.
Reported Earnings • Nov 07Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₺3.56b (up 98% from 3Q 2020). Net income: ₺325.3m (up 144% from 3Q 2020). Profit margin: 9.1% (up from 7.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year whereas the company’s share price has increased by 65% per year.
Valuation Update With 7 Day Price Move • Oct 06Investor sentiment deteriorated over the past weekAfter last week's 54% share price decline to ₺6.48, the stock trades at a trailing P/E ratio of 5.4x. Average forward P/E is 15x in the Renewable Energy industry in Turkey. Total returns to shareholders of 74% over the past three years.
Reported Earnings • Aug 21Second quarter 2021 earnings released: EPS ₺0.46 (vs ₺0.24 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₺2.62b (up 62% from 2Q 2020). Net income: ₺280.3m (up 90% from 2Q 2020). Profit margin: 11% (up from 9.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 50% per year.
Price Target Changed • Aug 18Price target increased to ₺16.38Up from ₺15.28, the current price target is an average from 4 analysts. New target price is 18% above last closing price of ₺13.91. Stock is up 156% over the past year.
Price Target Changed • Jul 04Price target increased to ₺15.28Up from ₺10.73, the current price target is an average from 4 analysts. New target price is 36% above last closing price of ₺11.27. Stock is up 101% over the past year.
Reported Earnings • May 12First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₺2.14b (up 16% from 1Q 2020). Net income: ₺207.6m (up 179% from 1Q 2020). Profit margin: 9.7% (up from 4.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 27Full year 2020 earnings released: EPS ₺0.77 (vs ₺0.54 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₺7.23b (up 30% from FY 2019). Net income: ₺470.0m (up 43% from FY 2019). Profit margin: 6.5% (up from 5.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 37%. Over the next year, revenue is forecast to grow 19%, compared to a 10% growth forecast for the Renewable Energy industry in Turkey.
Price Target Changed • Feb 26Price target raised to ₺8.15Up from ₺5.15, the current price target is provided by 1 analyst. The new target price is 23% below the current share price of ₺10.56. As of last close, the stock is up 197% over the past year.
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₺11.97, the stock is trading at a trailing P/E ratio of 14.4x, up from the previous P/E ratio of 12.2x. This compares to an average P/E of 13x in the Renewable Energy industry in Asia. Total returns to shareholders over the past three years are 150%.
Is New 90 Day High Low • Feb 04New 90-day high: ₺10.95The company is up 53% from its price of ₺7.14 on 06 November 2020. The Turkish market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 49% over the same period.
Is New 90 Day High Low • Jan 18New 90-day high: ₺8.38The company is up 25% from its price of ₺6.70 on 20 October 2020. The Turkish market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 22% over the same period.
Is New 90 Day High Low • Dec 31New 90-day high: ₺7.44The company is up 16% from its price of ₺6.42 on 02 October 2020. The Turkish market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is up 10.0% over the same period.
Analyst Estimate Surprise Post Earnings • Nov 07Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 45%.
Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 16% share price gain to ₺7.14, the stock is trading at a trailing P/E ratio of 9.9x, up from the previous P/E ratio of 8.5x. This compares to an average P/E of 12x in the Renewable Energy industry in Asia. Total returns to shareholders over the past three years are 82%.
Is New 90 Day High Low • Nov 06New 90-day high: ₺7.14The company is up 49% from its price of ₺4.80 on 07 August 2020. The Turkish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 33% over the same period.
Is New 90 Day High Low • Oct 14New 90-day high: ₺7.07The company is up 19% from its price of ₺5.92 on 16 July 2020. The Turkish market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 12% over the same period.
Is New 90 Day High Low • Sep 28New 90-day high: ₺6.00The company is up 10.0% from its price of ₺5.46 on 30 June 2020. The Turkish market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Renewable Energy industry, which is up 21% over the same period.