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Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi (BAYRK) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 1.0B TRY

BE Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi BAYRK · IS
Price4.21 TRY
Fair Value0.5700 TRY
Upside-86.5%
Quality8/100
Expensive Growth
Loss-making · -66.9% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 4/100
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Evidence: Low Range 0.4200 TRY – 0.8500 TRY Share as image

Fair value as of: Aug 5, 2026

From 1 valuation models · updated today

Share price −10.0% over the past month.

Below-average quality, and screening another 86% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.8500 TRY). The favourable scenario is already priced in.
  • Weak quality (8/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (0.4200 TRY to 0.8500 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

16.92 TRY 0.5071 TRY Fair Value 0.5700 TRY May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 5, 2026.

How to read this chart

60‑month range 0.5071 TRY – 16.92 TRY · fair‑value band 0.4200 TRY – 0.8500 TRY · the 4.21 TRY price screens above the 0.5700 TRY fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi (BAYRK) currently trades at 4.21 TRY, while our model-based Fair Value estimate is 0.5700 TRY, implying the stock looks roughly 86.5% overvalued today. We read business quality at 8/100 (below-average quality), in the Consumer Cyclical 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: low).

Over the trailing twelve months, Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi generated revenue of 234M TRY at a net margin of -66.9%. Revenue grew 4.5% year over year. It earns a return on equity of -90.3%. Net debt stands at 165M TRY. Fundamentals as of Aug 5, 2026

Our scenario range runs from 0.4200 TRY (bear case) to 0.8500 TRY (bull case); at 4.21 TRY, the current price sits above that range. The share trades about 55% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 0% fair-value upside, at -86%, BAYRK 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
NCAV (Graham) 0.4200 TRY 0.5700 TRY 0.8500 TRY 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.4200 TRY 0.5700 TRY 0.8500 TRY 50

Key figures & financial health

Revenue (TTM) 234M TRY
Revenue growth (YoY) +4.5%
Net margin -66.9%
Return on equity -90.3%
Free cash flow −149M TRY FY2025
Operating margin 0.4%
More key figures
EPS (TTM) -0.7800 TRY
Net debt 165M TRY FY2025

Figures from reported company fundamentals · as of Aug 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 8/100

Of which business quality 8 · Market factors (momentum, volatility) 26

Profitability 4
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 5
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 2
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

Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi manufactures and sells PVC and thermo shoe soles in Turkey. The company offers faylon, single color, single painted sole, single TPU, bottom piece, painted base with bottom piece, TPU sole with bottom piece, and winter soles. It offers soles for men, women, and children.

Full company description

Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi manufactures and sells PVC and thermo shoe soles in Turkey. The company offers faylon, single color, single painted sole, single TPU, bottom piece, painted base with bottom piece, TPU sole with bottom piece, and winter soles. It offers soles for men, women, and children. The company was incorporated in 1993 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi reported revenue of 231M TRY in FY2025 versus 67.6M TRY in FY2021, a compound +35.9%/yr. Reported net income was −196M TRY in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
231M TRY
Latest YoY
−30.2%
Avg. growth/yr (3Y)
+17.0%
Avg. growth/yr (5Y)
+43.5%
Avg. growth/yr (6Y)
+34.6%
Revenue +35.9%/yr
FY21 67.6M TRY
FY22 144M TRY
FY23 423M TRY
FY24 330M TRY
FY25 231M TRY
Net income
FY21 4.8M TRY
FY22 9.4M TRY
FY23 38.0M TRY
FY24 −142M TRY
FY25 −196M TRY

BAYRK screens 86% overvalued. Compare with NIKE, Inc →

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Cite: Fair Value Calculator (2026). "Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi Fair Value". https://www.fairvalue-calculator.com/stock/BAYRK

Peer Group

Footwear & Accessories · 93 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 13 · Bottom 25%
Fair Value upside −87% · Bottom 25%
Return on assets -11% · Bottom 25%
Net margin (TTM) -67% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 5% · Above median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Footwear & Accessories median · lower = cheaper

P/B 0.10× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper than 75% of peers

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 9
FUTURE 23 · sector 0
PAST 0 · sector 22
HEALTH 99 · sector 97
DIVIDEND 0 · sector 41

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 Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE $44.37 $35.63 -20%
adidas AG 1ADS €184.40 €81.86 -56%
Deckers Outdoor Corporation DECK $106.49 $125.16 +18%
On Holding ONON $38.20 $17.64 -54%
Zhejiang China Commodities City Group 600415 ¥11.59 ¥13.03 +12%
Birkenstock Holding BIRK $44.36 $44.14 -0%
Crocs, Inc CROX $138.91 $203.65 +47%
Huali Industrial Group 300979 ¥31.10 ¥54.71 +76%
PUMA SE PUM €29.31 €10.57 -64%
Steven Madden, Ltd SHOO $43.26 $11.69 -73%

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Frequently asked questions

Is Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi (BAYRK) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of 0.5700 TRY versus a price of 4.21 TRY, about −86% (overvalued).
What is the fair value of BAYRK?
Our model-based fair value for Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi is 0.5700 TRY (as of Aug 5, 2026), built from audited fundamentals. The current price is 4.21 TRY.
What is the quality score of BAYRK?
Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi has a Quality Score of 8/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi (BAYRK)?
Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi reported trailing-twelve-month revenue of about 234M TRY (latest available figure, as of Aug 5, 2026).
What is the net profit margin of BAYRK?
The net profit margin of Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi is about -66.9%, meaning it is currently running at a net loss. 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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