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Baydoner Restoranlari A.S. (BYDNR) Fair Value & Analysis

Consumer Cyclical · TR · Market cap 3.3B TRY

BR Baydoner Restoranlari A.S. BYDNR · IS
Price38.74 TRY
Fair Value65.70 TRY
Upside+69.6%
Quality44/100
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Expensive Growth
Loss-making · -2.1% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/11)
Narrow moat 20/100
Evidence: Low Range 49.25 TRY – 82.15 TRY Share as image

Fair value as of: Aug 5, 2026

From 4 valuation models · updated yesterday

Share price +1.6% over the past month.

Below-average quality, screening 70% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (49.25 TRY). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (3 years)

63.39 TRY 18.15 TRY Fair Value 65.70 TRY Aug 2023 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

35‑month range 18.15 TRY – 63.39 TRY · fair‑value band 49.25 TRY – 82.15 TRY · the 38.74 TRY price screens below the 65.70 TRY fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Baydoner Restoranlari A.S. (BYDNR) currently trades at 38.74 TRY, while our model-based Fair Value estimate is 65.70 TRY, implying the stock looks roughly 69.6% undervalued today. We read business quality at 44/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Baydoner Restoranlari A.S. generated revenue of 4.0B TRY at a net margin of -2.1%. Revenue grew 4.2% year over year. It earns a return on equity of -5.7%. Net debt stands at 9.2M TRY. Fundamentals as of Aug 5, 2026

Our scenario range runs from 49.25 TRY (bear case) to 82.15 TRY (bull case); at 38.74 TRY, the current price sits below that range. The share trades about 17% below its 52-week high and 99% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -47% fair-value upside, at 70%, BYDNR screens cheaper 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
Gordon GGM 6.46 TRY 12.87 TRY 19.49 TRY 70
DDM Multi-Stage 6.46 TRY 11.12 TRY 13.59 TRY 61
EV/EBITDA 50.56 TRY 67.01 TRY 83.46 TRY 54
All 4 models by family
Dividend Discount
Gordon GGM 6.46 TRY 12.87 TRY 19.49 TRY 70
DDM Multi-Stage 6.46 TRY 11.12 TRY 13.59 TRY 61
Multiples
EV/EBITDA 50.56 TRY 67.01 TRY 83.46 TRY 54
Asset-Based
NCAV (Graham) 8.73 TRY 11.70 TRY 17.47 TRY 50

Widest divergence: Multiples (67.01 TRY) versus Dividend Discount (11.12 TRY). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) 4.0B TRY
Revenue growth (YoY) +4.2%
Net margin -2.1%
Return on equity -5.7%
Free cash flow −311M TRY FY2025
Operating margin 1.8%
More key figures
EPS (TTM) -0.9700 TRY
EPS growth (YoY) -62.2%
Net debt 9.2M TRY FY2020

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

Quality Score breakdown

Overall quality 44/100

Of which business quality 39 · Market factors (momentum, volatility) 66

Profitability 26
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 82
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

Baydoner Restoranlari A.S. operates, manages, and franchises chain of restaurants in Turkey and Iraq. The company was founded in 2007 and is headquartered in Izmir, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Baydoner Restoranlari A.S. reported revenue of 4.0B TRY in FY2025 versus 279M TRY in FY2021, a compound +94.2%/yr. Reported net income was −101M TRY in FY2025.

Growth Quality 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.0B TRY
Latest YoY
−3.9%
Avg. growth/yr (3Y)
+36.8%
Avg. growth/yr (5Y)
+90.7%
Revenue +94.2%/yr
FY21 279M TRY
FY22 1.5B TRY
FY23 2.8B TRY
FY24 4.1B TRY
FY25 4.0B TRY
Net income
FY21 32.8M TRY
FY22 132M TRY
FY23 200M TRY
FY24 −153M TRY
FY25 −101M TRY

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Cite: Fair Value Calculator (2026). "Baydoner Restoranlari A.S. Fair Value". https://www.fairvalue-calculator.com/stock/BYDNR

Peer Group

Restaurants · 231 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 44 · Below median
Fair Value upside +70% · Top 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -2% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 4% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Restaurants median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.02× · 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 100 · sector 27
FUTURE 21 · sector 21
PAST 0 · sector 16
HEALTH 98 · sector 97
DIVIDEND 0 · sector 58

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

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCDS C$24.01 C$10.84 -55%
Starbucks Corporation SBUX $105.49 $35.83 -66%
Chipotle Mexican Grill, Inc CMG $34.63 $18.43 -47%
Yum! Brands, Inc YUM $163.54 $59.66 -64%
Restaurant Brands International Inc QSR C$104.19 C$36.37 -65%
Darden Restaurants, Inc DRI $195.74 $173.68 -11%
Yum China Holdings YUMC $43.90 $55.10 +26%
Texas Roadhouse, Inc TXRH $197.03 $104.89 -47%
Dutch Bros Inc BROS $68.36 $12.80 -81%
Domino's Pizza, Inc DPZ $322.18 $231.96 -28%

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Frequently asked questions

Is Baydoner Restoranlari A.S. (BYDNR) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of 65.70 TRY versus a price of 38.74 TRY, about +70% (undervalued).
What is the fair value of BYDNR?
Our model-based fair value for Baydoner Restoranlari A.S. is 65.70 TRY (as of Aug 5, 2026), built from audited fundamentals. The current price is 38.74 TRY.
What is the quality score of BYDNR?
Baydoner Restoranlari A.S. has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Baydoner Restoranlari A.S. (BYDNR)?
Baydoner Restoranlari A.S. reported trailing-twelve-month revenue of about 4.0B TRY (latest available figure, as of Aug 5, 2026).
What is the net profit margin of BYDNR?
The net profit margin of Baydoner Restoranlari A.S. is about -2.1%, 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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