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SMRTG.IS$12.96+7.82%
Fair $12.96+0.0%

SMRTG.IS

Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret A.S.

Technology / SolarIstanbul

$12.96

+0.94 (+7.82%)

Fairly Valued+0.0%Fair Value $12.96Fund rank 20/100 · Data gapFallback financials|
SA 45/C
F-Score: 3/9
High DebtLow Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 34% · confianza 13%

FCF escenarios

weak_data · normalized FCF $-1.6B · quality 32.7/100

Data gap 20/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 17/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

45/100

C

Piotroski

3/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Debt-to-Equity ratio is 2.34, above the 2.0 threshold ROE is -9.4%, below the 5% threshold
Thesis & Journal · SMRTG.ISLocal privado en este navegador · Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret A.S.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$23.6B

P/E

1296.0x

↑

EV/EBITDA

10.5x

↓

ROE

-9.4%

↓

Gross Margin

24.0%

↓

Debt/Equity

2.34

↑
52-Week Range$13
$6$13

TradingView lightweight chart

SMRTG.IS price, volumen y niveles de valoración

Último $12.96Periodo +899.8%
Fair value: $12.96

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+38.6%

FCF CAGR

—

FCF margin

-8.7%

FCF / Net income

2.12x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $10.58B · net income $-434.7M · FCF $-923.7M

2022-FY → 2025-FY

Gross margin

24.0%+8.7% pts

Operating margin

15.5%+4.9% pts

Net margin

-4.1%-6.3% pts

FCF margin

-8.7%+5.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$10.58B$10.58B$15.29B$11.68B$3.97B
Net Income$-434.7M$-434.7M$577.4M$1.48B$88.7M
EBITDA$3.11B$3.11B$2.04B$2.19B$248.3M
EPS-0.24-0.240.321.210.06
Gross Margin24.0%24.0%19.5%22.8%15.3%
Operating Margin15.5%15.5%12.7%16.1%10.6%
Net Margin-4.1%-4.1%3.8%12.6%2.2%
Balance Sheet
Debt/Equity2.342.341.821.820.42
Current Ratio0.860.86———
Cash Flow
Free Cash Flow$-923.7M$-923.7M$-1.59B$-4.56B$-566.5M
Returns
ROE-9.4%-9.4%12.6%48.2%6.2%
Valuation
P/E1296.001296.0043.4516.53205.74
EV/EBITDA10.5410.5416.0413.2974.84
P/B5.085.085.447.9712.74
Growth & Yield
Revenue Growth-30.8%-30.8%30.8%194.1%—
EPS Growth-175.8%-175.8%-73.8%1810.5%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +42.4%

Total return

+42.4%

Start / end P/E

n/dx → n/dx

EPS bridge

0.32 → -0.24

Residual

+42.4%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+42.4%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.