ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi

IBSE:ASELS Stock Report

Market Cap: ₺337.4b

ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi Valuation

Is ASELS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ASELS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASELS (TRY74) is trading above our estimate of fair value (TRY14.04)

Significantly Below Fair Value: ASELS is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASELS?

Key metric: As ASELS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ASELS. This is calculated by dividing ASELS's market cap by their current earnings.
What is ASELS's PE Ratio?
PE Ratio36.9x
Earnings₺9.15b
Market Cap₺337.44b

Price to Earnings Ratio vs Peers

How does ASELS's PE Ratio compare to its peers?

The above table shows the PE ratio for ASELS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.9x
ALTNY Altinay Savunma Teknolojileri Anonim Sirketi
37.1xn/a₺20.0b
SDTTR SDT Uzay ve Savunma Teknolojileri Anonim Sirketi
43.3xn/a₺12.3b
ENKAI Enka Insaat ve Sanayi
12.4x13.3%₺301.6b
KCHOL Koç Holding
26.8x49.3%₺467.9b
ASELS ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi
36.9x49.6%₺337.4b

Price-To-Earnings vs Peers: ASELS is expensive based on its Price-To-Earnings Ratio (36.9x) compared to the peer average (29.9x).

Price to Earnings Ratio vs Industry

How does ASELS's PE Ratio compare vs other companies in the Asian Aerospace & Defense Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASELS 36.9xIndustry Avg. 49.2xNo. of Companies10PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASELS is good value based on its Price-To-Earnings Ratio (36.9x) compared to the Asian Aerospace & Defense industry average (50.5x).

Price to Earnings Ratio vs Fair Ratio

What is ASELS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASELS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.9x
Fair PE Ratio21.1x

Price-To-Earnings vs Fair Ratio: ASELS is expensive based on its Price-To-Earnings Ratio (36.9x) compared to the estimated Fair Price-To-Earnings Ratio (21.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ASELS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₺74.00
₺72.78
-1.6%
19.8%₺92.26₺55.00n/a8
Dec ’25₺69.45
₺72.80
+4.8%
19.8%₺92.26₺55.00n/a8
Nov ’25₺63.85
₺72.80
+14.0%
19.8%₺92.26₺55.00n/a8
Oct ’25₺58.40
₺71.15
+21.8%
18.9%₺92.15₺55.00n/a9
Sep ’25₺58.40
₺71.15
+21.8%
18.9%₺92.15₺55.00n/a9
Aug ’25₺63.30
₺67.72
+7.0%
19.5%₺92.15₺55.00n/a10
Jul ’25₺56.25
₺67.72
+20.4%
19.5%₺92.15₺55.00n/a10
Jun ’25₺58.65
₺65.94
+12.4%
22.1%₺92.15₺47.20n/a10
May ’25₺60.75
₺61.24
+0.8%
18.6%₺89.70₺47.20n/a10
Apr ’25₺54.90
₺58.49
+6.5%
11.1%₺72.72₺47.20n/a10
Mar ’25₺59.20
₺58.83
-0.6%
11.5%₺72.72₺47.20n/a9
Feb ’25₺51.30
₺56.40
+9.9%
9.3%₺62.50₺47.20n/a10
Jan ’25₺44.98
₺51.54
+14.6%
9.7%₺59.32₺42.50n/a10
Dec ’24₺48.50
₺51.55
+6.3%
9.7%₺59.32₺42.50₺69.4510
Nov ’24₺41.54
₺49.32
+18.7%
17.7%₺59.32₺27.65₺63.8510
Oct ’24₺40.80
₺45.52
+11.6%
16.9%₺56.40₺27.65₺58.4010
Sep ’24₺38.72
₺39.33
+1.6%
30.2%₺54.21₺13.75₺58.4010
Aug ’24₺37.28
₺33.71
-9.6%
32.0%₺54.21₺13.75₺63.3010
Jul ’24₺27.23
₺29.99
+10.2%
23.3%₺42.11₺13.75₺56.2510
Jun ’24₺23.85
₺29.40
+23.3%
23.5%₺42.11₺13.75₺58.6511
May ’24₺22.36
₺29.40
+31.5%
23.5%₺42.11₺13.75₺60.7511
Apr ’24₺25.98
₺28.87
+11.2%
23.5%₺42.11₺13.75₺54.9011
Mar ’24₺27.75
₺27.93
+0.6%
27.1%₺42.11₺13.75₺59.2011
Feb ’24₺26.53
₺25.59
-3.5%
34.8%₺42.67₺13.75₺51.3011
Jan ’24₺31.08
₺17.65
-43.2%
15.2%₺23.47₺13.75₺44.9811
Dec ’23₺23.87
₺17.23
-27.8%
14.6%₺23.47₺13.75₺48.5011

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 07:01
End of Day Share Price 2024/12/25 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi is covered by 20 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAta Invest
Zeynep ErmanAta Invest
Erdem KayliBNP Paribas Securities (Asia)