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Ard Grup Bilisim Teknolojileri Anonim Sirketi (ARDYZ) Fair Value & Analysis

Technology · TR · Market cap 23.1B TRY

AG Ard Grup Bilisim Teknolojileri Anonim Sirketi ARDYZ · IS
Price75.45 TRY
Fair Value34.90 TRY
Upside-53.7%
Quality50/100
Expensive Growth
Solidly profitable · 13.2% net margin
Low debt · negative free cash flow
Ranks above peers (8/13)
Wide moat 75/100
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Evidence: High Range 26.17 TRY – 43.62 TRY Share as image

Fair value as of: Aug 4, 2026

From 16 valuation models · updated today

Share price +28.3% over the past month.

A solid business, but screening 54% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (43.62 TRY). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

75.45 TRY 4.62 TRY Fair Value 34.90 TRY Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 4, 2026.

How to read this chart

60‑month range 4.62 TRY – 75.45 TRY · fair‑value band 26.17 TRY – 43.62 TRY · the 75.45 TRY price screens above the 34.90 TRY fair value. Dashed = 300-day average. As of Aug 4, 2026.

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Analysis

Ard Grup Bilisim Teknolojileri Anonim Sirketi (ARDYZ) currently trades at 75.45 TRY, while our model-based Fair Value estimate is 34.90 TRY, implying the stock looks roughly 53.7% overvalued today. We read business quality at 50/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Ard Grup Bilisim Teknolojileri Anonim Sirketi generated revenue of 5.5B TRY at a net margin of 13.2%. Revenue grew 156.5% year over year. It earns a return on equity of 15.1%. Net debt stands at 1.4B TRY. Fundamentals as of Aug 4, 2026

Our scenario range runs from 26.17 TRY (bear case) to 43.62 TRY (bull case); at 75.45 TRY, the current price sits above that range. The share trades about 1% below its 52-week high and 209% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -53% fair-value upside, at -54%, ARDYZ screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 14.50 TRY 16.56 TRY 35.51 TRY 76
ROIC Compounder 49.52 TRY 80.94 TRY 102.74 TRY 72
Gordon GGM 0.0400 TRY 0.0900 TRY 0.1400 TRY 70
All 16 models by family
Earnings-Based
Graham-Dodd 11.86 TRY 82.74 TRY 116.12 TRY 54
Lynch FV 42.75 TRY 61.07 TRY 79.39 TRY 50
PEG = 1.0 42.75 TRY 61.07 TRY 79.39 TRY 46
EPV 36.06 TRY 41.97 TRY 47.14 TRY 59
Dividend Discount
Gordon GGM 0.0400 TRY 0.0900 TRY 0.1400 TRY 70
DDM Multi-Stage 0.0400 TRY 0.0800 TRY 0.0900 TRY 61
Multiples
P/E Multiple 26.17 TRY 34.90 TRY 43.62 TRY 63
P/S Multiple 22.25 TRY 29.66 TRY 37.08 TRY 58
P/B Multiple 22.25 TRY 29.66 TRY 37.08 TRY 55
EV/EBIT 56.46 TRY 75.09 TRY 93.71 TRY 53
EV/EBITDA 64.21 TRY 85.43 TRY 106.64 TRY 54
EV/Revenue 24.38 TRY 34.58 TRY 44.79 TRY 43
Asset-Based
NCAV (Graham) 8.13 TRY 10.89 TRY 16.26 TRY 50
Economic Profit
Residual Income 14.50 TRY 16.56 TRY 35.51 TRY 76
ROIC Compounder 49.52 TRY 80.94 TRY 102.74 TRY 72
Growth Earnings
Growth-Adj P/E 55.08 TRY 78.69 TRY 102.30 TRY 68

Widest divergence: Growth Earnings (78.69 TRY) versus Dividend Discount (0.0800 TRY). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 5.5B TRY
Revenue growth (YoY) +157%
Net margin 13.2%
Return on equity 15.1%
Free cash flow −1.4B TRY FY2025
P/E ratio 40.6
More key figures
Operating margin 28.6%
EPS (TTM) 1.83 TRY
EPS growth (YoY) +27.4%
Net debt 1.4B TRY FY2025

Figures from reported company fundamentals · as of Aug 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 33 · Market factors (momentum, volatility) 84

Profitability 45
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 95
Price trend over the last 3–12 months (market factor)
52W Momentum 99
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Ard Grup Bilisim Teknolojileri Anonim Sirketi provides information technology solutions for the public and private sectors in Turkey.

Full company description

Ard Grup Bilisim Teknolojileri Anonim Sirketi provides information technology solutions for the public and private sectors in Turkey. The company offers enterprise software solutions, including corporate information management system, corporate identity and access management systems, enterprise equipment tracking, enterprise equipment tracking systems, e-government projects, RFID-based software and integration solutions, vehicle tracking and security control systems, logistic warehouse and container tracking systems, textile tracking and process management solutions, and social media tracking systems, as well as staff, visitor, and person tracking systems. It also provides health system solutions, such as sterilization, patient, baby, hospital textile, hospital fixtures, medical equipment, and hospital warehouse tracking systems; and cloud services. In addition, the company information system solutions, which include server, virtualization disaster recovery center, traceability and process management applications, and components supply of enterprise information systems. Further, it offers various command center and security solutions; and smart technology solutions comprising smart highway, bridge, tunnel, secure campus, factory and manufacture, conference hall and meeting room, classroom, distance education, and city and traffic solutions. The company was incorporated in 2011 and is headquartered in Ankara, Turkey.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ard Grup Bilisim Teknolojileri Anonim Sirketi reported revenue of 4.2B TRY in FY2025 versus 278M TRY in FY2021, a compound +97.4%/yr. Reported net income was 542M TRY in FY2025, compounding +37.6%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.2B TRY
Latest YoY
+55.0%
Avg. growth/yr (3Y)
+96.7%
Avg. growth/yr (5Y)
+102.1%
Avg. growth/yr (7Y)
+87.7%
Revenue +97.4%/yr
FY21 278M TRY
FY22 555M TRY
FY23 1.6B TRY
FY24 2.7B TRY
FY25 4.2B TRY
Net income +37.6%/yr
FY21 151M TRY
FY22 306M TRY
FY23 619M TRY
FY24 489M TRY
FY25 542M TRY

ARDYZ screens 54% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "Ard Grup Bilisim Teknolojileri Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/ARDYZ

Peer Group

Software - Infrastructure · 409 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 50 · Above median
Fair Value upside −54% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth 157% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 40.6× · Pricier than median
P/B 4.57× · Pricier than median
P/S (TTM) 4.16× · Pricier than median
EV/EBITDA 12.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 48
PAST 61 · sector 6
HEALTH 100 · sector 98
DIVIDEND 0 · sector 27

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Palantir Technologies Inc 1PLTR €112.86 €12.03 -89%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €381.50 €118.28 -69%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is Ard Grup Bilisim Teknolojileri Anonim Sirketi (ARDYZ) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 34.90 TRY versus a price of 75.45 TRY, about −54% (overvalued).
What is the fair value of ARDYZ?
Our model-based fair value for Ard Grup Bilisim Teknolojileri Anonim Sirketi is 34.90 TRY (as of Aug 4, 2026), built from audited fundamentals. The current price is 75.45 TRY.
What is the quality score of ARDYZ?
Ard Grup Bilisim Teknolojileri Anonim Sirketi has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ard Grup Bilisim Teknolojileri Anonim Sirketi (ARDYZ)?
Ard Grup Bilisim Teknolojileri Anonim Sirketi reported trailing-twelve-month revenue of about 5.5B TRY (latest available figure, as of Aug 4, 2026).
What is the net profit margin of ARDYZ?
The net profit margin of Ard Grup Bilisim Teknolojileri Anonim Sirketi is about 13.2%, meaning it keeps roughly 13.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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