Baydoner Restoranlari A.S.

Baydoner Restoranlari A.S.

BBIST:BYDNR
18.42
TRY
-2.04
(-9.97%)
-0.43EPS
3.03BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.87
3.32
18.45
39
57.27
47.18
53.75
Basic EPS, GAAP
0.03
0.39
1.57
2.78
-2.13
-1.2
-0.43
Free Cash Flow per Basic Share
0.4
1.37
2.89
-1.55
-5.74
-3.7
1.24
Dividend per Share
- -
- -
- -
- -
- -
0.74
-0.08
Book Value per Share
0.27
1.65
8.63
15.97
19.37
17.47
20.13
Tangible Book Value per Share
0.16
1.16
6.71
14.44
17.4
15.42
18.08
Basic Weighted Avg Shares
84
84
84
72
72
84
81
Sales/Revenue/Turnover
157
279
1,550
2,808
4,123
3,964
4,353
Operating Margin (%)
-4.1
9.26
13.18
9.39
-0.49
-6.69
-4.78
Depreciation Expense
2
3
341
492
528
690
655
Net Income, GAAP
3
33
132
200
-153
-101
-35
Effective Tax Rate (%)
52.79
14.64
32.49
22.64
- -
- -
138.77
Profit Margin (%)
1.62
11.75
8.5
7.14
-3.72
-2.55
-0.79
Working Capital
-35
-38
-69
402
165
-291
-352
LT Debt
50
67
360
371
603
576
462
Total Equity
23
139
725
1,341
1,627
1,467
1,691
Return on Invested Capital (%)
- -
11.36
14.97
12.21
- -
- -
2.1
Return on Capital (%)
- -
27.92
23.52
18.05
- -
- -
-5.22
Return on Common Equity (%)
- -
40.56
30.51
19.41
-10.34
-6.52
-2.3

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
365
542
464
LT Borrowings
73
55
36
LT Finance Leases
503
457
426
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
84
84
84
Market Capitalization
2,248
3,395
3,032

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
660
787
651
Cash, Cash Equivalents & STI
174
248
119
Accounts Receivable, Net
89
97
101
Inventories
208
214
198
Total Current Liabilities
951
1,061
1,003
Payables & Accruals
- -
- -
- -
ST Debt
365
542
464
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
205.1%
-9.84%
Free Cash Flow
- -
90.5%
-24.79%
Net Income, GAAP
- -
265.64%
-34.22%
Sales/Revenue/Turnover
- -
131.48%
-3.88%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
821
879
1,034
964
4,123
2025
1,088
1,110
989
1,124
3,964
2026
1,134
1,107
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.39
-2.7
0.62
-0.8
-2.13
2025
-0.33
-1.19
0.23
-0.22
-1.2
2026
-0.09
-0.35
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
-0.16
0.08
0.74
2026
- -
- -
- -
- -
- -

Company Description

CEO
Bülent Polat
Sector
Consumer services
Industry
Restaurants
Address
Bayrakli Turkey
IPO Date
Aug 21, 2023
Business
Baydöner Restoranları A.Ş. is a Turkey-based food service and restaurant management company that operates, develops, and franchises a chain of fast-casual and casual dining restaurants specializing in traditional Turkish cuisine. Founded in 2006 and headquartered in İzmir, Turkey, the company operates under Apaz Group and manages a multi-brand restaurant portfolio serving consumer markets across shopping centers, commercial avenues, and high-density urban areas throughout Turkey as well as select international markets, including Iraq. The company delivers its culinary offerings through three primary proprietary brand concepts: Baydöner, the flagship casual dining chain specializing in authentic İskender kebabs, sliced beef and chicken döner, meat platters, traditional soups, hot and cold side dishes, and regional desserts including künefe and rice pudding; Bursa İshakbey, a quick-service restaurant concept offering budget-friendly, high-volume döner, kebab, and sandwich menus in a self-service format; and PidebyPide, a fast-casual dining brand offering made-to-order Turkish flatbreads, assorted filled pides, and oven-baked pastries. In addition to dine-in restaurant operations, the company provides takeaway and packaging services; direct home delivery and third-party digital ordering integration; comprehensive franchise management, site selection, and partner training services; and centralized meat procurement, processing, cold-chain distribution, and quality assurance operations across its network of company-operated and franchised outlets. In recent developments, Baydöner Restoranları A.Ş. completed its initial public offering on Borsa Istanbul under the ticker BYDNR to fund strategic expansion and operational investments. To enhance vertical integration and supply security, the company entered into an agreement to establish a dedicated meat processing and production facility in İzmir. The company has continued its domestic network expansion, scaling its total restaurant count to over 160 operational locations across its multi-brand portfolio. Furthermore, the company received regulatory approval from the Capital Markets Board and the Ministry of Trade to increase its registered capital ceiling from TRY 112.5 million to TRY 5.0 billion through 2030, establishing a financial framework to support future infrastructure, brand diversification, and franchise network growth.