Birlesim Mühendislik Isitma Sogutma Havalandirma Sanayi ve Ticaret Anonim Sirketi Valuation

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

BRLSM (TRY15.14) is trading above our estimate of [[fair value]] (TRY0.36)

Is BRLSM 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: BRLSM (TRY15.14) is trading above our estimate of fair value (TRY0.36)

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

Key Valuation Metric

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

Key metric: As BRLSM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BRLSM. This is calculated by dividing BRLSM's market cap by their current revenue.
What is BRLSM's PS Ratio?
PS Ratio	0.9x
Sales	₺3.63b
Market Cap	₺3.39b

BRLSM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.9x
Enterprise Value/EBITDA	19.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does BRLSM's PS Ratio compare to its peers?

The above table shows the PS ratio for BRLSM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	14.4x
ORGE Orge Enerji Elektrik Taahhüt Anonim Sirketi	2.8x	19.5%	₺6.9b
ANELE Anel Elektrik Proje Taahhüt ve Ticaret Anonim Sirketi	1.2x	n/a	₺3.6b
OSTIM Ostim Endüstriyel Yatirimlar ve Isletme	2.1x	n/a	₺1.2b
YYAPI Yesil Yapi Endüstrisi	51.4x	n/a	₺1.7b
BRLSM Birlesim Mühendislik Isitma Sogutma Havalandirma Sanayi ve Ticaret Anonim Sirketi	0.9x	n/a	₺3.4b

Price-To-Sales vs Peers: BRLSM is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (14.4x).

Price to Sales Ratio vs Industry

How does BRLSM's PS Ratio compare vs other companies in the Asian Construction Industry?

170 Companies	Price / Sales	Estimated Growth	Market Cap

170 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: BRLSM is expensive based on its Price-To-Sales Ratio (0.9x) compared to the Asian Construction industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

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

BRLSM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.9x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate BRLSM's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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