ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi

IBSE:ASELS Stock Report

Market Cap: ₺312.4b

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 (TRY68.5) is trading above our estimate of fair value (TRY14.22)

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 Ratio34.1x
Earnings₺9.15b
Market Cap₺312.36b

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 Average31.8x
ALTNY Altinay Savunma Teknolojileri Anonim Sirketi
38.7xn/a₺20.9b
SDTTR SDT Uzay ve Savunma Teknolojileri Anonim Sirketi
47.8xn/a₺13.5b
ENKAI Enka Insaat ve Sanayi
12.4xn/a₺300.8b
KCHOL Koç Holding
28.2x49.3%₺492.7b
ASELS ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi
34.1x49.6%₺312.4b

Price-To-Earnings vs Peers: ASELS is expensive based on its Price-To-Earnings Ratio (34.1x) compared to the peer average (31.8x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ASELS 34.1xIndustry Avg. 48.7xNo. of Companies9PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASELS is good value based on its Price-To-Earnings Ratio (34.1x) compared to the Asian Aerospace & Defense industry average (48.7x).

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 Ratio34.1x
Fair PE Ratio21.1x

Price-To-Earnings vs Fair Ratio: ASELS is expensive based on its Price-To-Earnings Ratio (34.1x) 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₺68.50
₺72.80
+6.3%
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₺42.50n/a10
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
Nov ’23₺16.67
₺16.61
-0.4%
9.9%₺19.25₺13.75₺41.5410

Analyst Forecast: Target price is less than 20% higher than the current share price.

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