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ETILR Fair Value & Analysis

Consumer Cyclical · TR · Market cap 1.4B TRY

E ETILR ETILR · IS
Price5.69 TRY
Fair Value2.20 TRY
Upside-61.3%
Quality33/100
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Expensive Growth
Loss-making · -1.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 19/100
Evidence: Medium Range 1.54 TRY – 2.86 TRY Share as image

Fair value as of: Aug 8, 2026

From 14 valuation models · updated yesterday

Share price −3.2% over the past month.

Below-average quality, and screening another 61% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2.86 TRY). The favourable scenario is already priced in.
  • Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (1.54 TRY to 2.86 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

9.31 TRY 0.8704 TRY Fair Value 2.20 TRY May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range 0.8704 TRY – 9.31 TRY · fair‑value band 1.54 TRY – 2.86 TRY · the 5.69 TRY price screens above the 2.20 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

ETILR (ETILR) currently trades at 5.69 TRY, while our model-based Fair Value estimate is 2.20 TRY, implying the stock looks roughly 61.3% overvalued today. The Quality Score stands at 33/100 (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: medium).

Over the trailing twelve months, ETILR generated revenue of 1.8B TRY at a net margin of -1.0%. Revenue declined 27.1% year over year. It earns a return on equity of -4.3%. Net debt stands at 350M TRY. Fundamentals as of Aug 8, 2026

Our scenario range runs from 1.54 TRY (bear case) to 2.86 TRY (bull case); at 5.69 TRY, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high and 69% 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 -61%, ETILR 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
ROIC Compounder 10.02 TRY 13.33 TRY 17.13 TRY 72
Growth-Adj P/E 1.50 TRY 2.14 TRY 2.78 TRY 68
P/E Multiple 0.7100 TRY 0.9500 TRY 1.19 TRY 63
All 14 models by family
Earnings-Based
Graham-Dodd 0.3200 TRY 2.25 TRY 3.16 TRY 54
Lynch FV 1.16 TRY 1.66 TRY 2.16 TRY 50
PEG = 1.0 1.16 TRY 1.66 TRY 2.16 TRY 46
EPV 8.54 TRY 9.62 TRY 10.53 TRY 59
Multiples
P/E Multiple 0.7100 TRY 0.9500 TRY 1.19 TRY 63
P/S Multiple 0.6000 TRY 0.8100 TRY 1.01 TRY 58
P/B Multiple 0.6000 TRY 0.8100 TRY 1.01 TRY 55
EV/EBIT 15.50 TRY 20.47 TRY 25.44 TRY 53
EV/EBITDA 12.10 TRY 15.94 TRY 19.78 TRY 54
EV/Revenue 10.64 TRY 14.95 TRY 19.26 TRY 43
Asset-Based
NCAV (Graham) 1.08 TRY 1.44 TRY 2.15 TRY 50
Economic Profit
Residual Income 1.43 TRY 1.33 TRY 0.9800 TRY 61
ROIC Compounder 10.02 TRY 13.33 TRY 17.13 TRY 72
Growth Earnings
Growth-Adj P/E 1.50 TRY 2.14 TRY 2.78 TRY 68

Widest divergence: Growth Earnings (2.14 TRY) versus Multiples (0.9500 TRY). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Revenue (TTM) 1.8B TRY
Revenue growth (YoY) -27.1%
Net margin -1.0%
Return on equity -4.3%
Free cash flow −203M TRY FY2025
Operating margin -0.9%
More key figures
EPS (TTM) -0.0700 TRY
EPS growth (YoY) -80.1%
Net debt 350M TRY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 29 · Market factors (momentum, volatility) 54

Profitability 40
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 51
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

Etiler Gida Ve Ticari Yatirimlar Sanayi Ve Ticaret Anonim Sirketi operates restaurants, patisseries, tea gardens, cafeterias, coffee houses, and buffets in Turkey. It offers kebabs, wraps, doners, versions, portions, snacks, wraps, burgers, toasts, cold and hot sandwiches, breakfast, cold drinks, freshly squeezed fruit juices, desserts, and salads.

Full company description

Etiler Gida Ve Ticari Yatirimlar Sanayi Ve Ticaret Anonim Sirketi operates restaurants, patisseries, tea gardens, cafeterias, coffee houses, and buffets in Turkey. It offers kebabs, wraps, doners, versions, portions, snacks, wraps, burgers, toasts, cold and hot sandwiches, breakfast, cold drinks, freshly squeezed fruit juices, desserts, and salads. The company was incorporated in 2010 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ETILR reported revenue of 2.1B TRY in FY2025 versus 29.2M TRY in FY2021, a compound +192.0%/yr. Reported net income was 11.4M TRY in FY2025, compounding −6.2%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.1B TRY
Latest YoY
+47.1%
Avg. growth/yr (3Y)
+141.8%
Avg. growth/yr (5Y)
+288.7%
Avg. growth/yr (15Y)
+58.0%
Revenue +192.0%/yr
FY21 29.2M TRY
FY22 150M TRY
FY23 477M TRY
FY24 1.4B TRY
FY25 2.1B TRY
Net income −6.2%/yr
FY21 14.7M TRY
FY22 50.0M TRY
FY23 −19.2M TRY
FY24 43.8M TRY
FY25 11.4M TRY

ETILR screens 61% overvalued. Compare with McDonald's Corporation →

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Cite: Fair Value Calculator (2026). "ETILR Fair Value". https://www.fairvalue-calculator.com/stock/ETILR

Peer Group

Restaurants · 228 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 33 · Bottom 25%
Fair Value upside −61% · Bottom 25%
Return on assets 11% · Top 25%
Net margin (TTM) -1% · Below median
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -27% · Bottom 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Restaurants median · lower = cheaper

P/B 0.06× · 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 0 · sector 27
FUTURE 0 · sector 21
PAST 0 · sector 16
HEALTH 98 · sector 97
DIVIDEND 0 · sector 58

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 Restaurants stocks, each showing price versus our Fair Value estimate (as of Aug 8, 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 ETILR overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 2.20 TRY versus a price of 5.69 TRY, about −61% (overvalued).
What is the fair value of ETILR?
Our model-based fair value for ETILR is 2.20 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 5.69 TRY.
What is the quality score of ETILR?
ETILR has a Quality Score of 33/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of ETILR?
ETILR reported trailing-twelve-month revenue of about 1.8B TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of ETILR?
The net profit margin of ETILR is about -1.0%, 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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