Financials Ford Motor Company Lima

Equities

F

US3453708600

Auto & Truck Manufacturers

Real-time Estimate Cboe BZX Other stock markets 08:32:29 2024-07-11 am EDT			5-day change	1st Jan Change
13.24 ^USD	+2.12%		+8.45%	+6.06%

Jul. 09	State Grant Supporting Ford's Battery Plant in Michigan Reportedly Reduced by 60%	MT
Jul. 09	Michigan lowers incentives for Ford EV battery plant to match reduced output	RE

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	36,874	34,970	83,002	46,758	48,796	52,579	-	-
Enterprise Value (EV) ¹	29,381	27,754	66,920	34,504	28,569	42,199	39,805	37,497
P/E ratio	930 x	-27.5 x	4.67 x	-23.7 x	11.3 x	7.1 x	6.96 x	6.67 x
Yield	6.45%	1.71%	0.48%	4.3%	4.92%	4.56%	4.6%	4.66%
Capitalization / Revenue	0.26 x	0.3 x	0.66 x	0.31 x	0.29 x	0.3 x	0.3 x	0.29 x
EV / Revenue	0.2 x	0.24 x	0.53 x	0.23 x	0.17 x	0.24 x	0.23 x	0.21 x
EV / EBITDA	2.68 x	3.85 x	5.13 x	2.29 x	1.81 x	2.73 x	2.62 x	2.4 x
EV / FCF	10.5 x	1.5 x	7 x	-	4.2 x	6.8 x	7.16 x	6.38 x
FCF Yield	9.48%	66.8%	14.3%	-	23.8%	14.7%	14%	15.7%
Price to Book	1.03 x	1.14 x	1.73 x	1.08 x	1.14 x	1.12 x	1.01 x	0.92 x
Nbr of stocks (in thousands)	3,964,897	3,978,427	3,996,242	4,020,494	4,002,954	3,992,337	-	-
Reference price ²	9.300	8.790	20.77	11.63	12.19	13.17	13.17	13.17
Announcement Date	2/4/20	2/4/21	2/3/22	2/2/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	143,599	115,885	126,150	148,980	165,901	174,620	176,509	182,040
EBITDA ¹	10,949	7,210	13,049	15,053	15,752	15,475	15,165	15,625
EBIT ¹	4,926	1,633	7,397	9,692	10,416	11,287	10,714	11,238
Operating Margin	3.43%	1.41%	5.86%	6.51%	6.28%	6.46%	6.07%	6.17%
Earnings before Tax (EBT) ¹	-640	-1,116	17,780	-3,016	3,967	9,072	9,124	9,622
Net income ¹	47	-1,279	17,937	-1,981	4,347	7,338	7,576	7,880
Net margin	0.03%	-1.1%	14.22%	-1.33%	2.62%	4.2%	4.29%	4.33%
EPS ²	0.0100	-0.3200	4.450	-0.4900	1.080	1.854	1.893	1.975
Free Cash Flow ¹	2,785	18,527	9,560	-	6,801	6,205	5,560	5,875
FCF margin	1.94%	15.99%	7.58%	-	4.1%	3.55%	3.15%	3.23%
FCF Conversion (EBITDA)	25.44%	256.96%	73.26%	-	43.18%	40.1%	36.66%	37.6%
FCF Conversion (Net income)	5,925.53%	-	53.3%	-	156.45%	84.55%	73.38%	74.56%
Dividend per Share ²	0.6000	0.1500	0.1000	0.5000	0.6000	0.6003	0.6054	0.6137
Announcement Date	2/4/20	2/4/21	2/3/22	2/2/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	35,257	32,111	37,909	37,194	41,766	39,085	42,427	41,176	43,213	39,890	44,199	41,705	43,540	42,732	46,383
EBITDA ¹	3,046	3,223	4,681	3,002	4,147	4,706	5,099	4,101	2,433	4,022	4,612	3,593	3,268	4,075	4,575
EBIT ¹	1,641	1,891	3,322	1,698	2,781	3,379	3,786	2,198	1,053	2,763	3,660	2,455	2,369	3,073	3,131
Operating Margin	4.65%	5.89%	8.76%	4.57%	6.66%	8.65%	8.92%	5.34%	2.44%	6.93%	8.28%	5.89%	5.44%	7.19%	6.75%
Earnings before Tax (EBT) ¹	11,218	-3,848	791	-1,125	1,166	2,159	2,288	1,387	-1,867	1,612	3,372	2,284	2,021	2,434	2,874
Net income ¹	12,282	-3,110	667	-827	1,289	1,757	1,917	1,199	-526	1,332	2,684	1,792	1,653	2,083	2,365
Net margin	34.84%	-9.69%	1.76%	-2.22%	3.09%	4.5%	4.52%	2.91%	-1.22%	3.34%	6.07%	4.3%	3.8%	4.87%	5.1%
EPS ²	3.030	-0.7800	0.1600	-0.2100	0.3200	0.4400	0.4700	0.3000	-0.1300	0.3300	0.6535	0.4281	0.4334	0.5119	0.5814
Dividend per Share ²	0.1000	0.1000	0.1000	0.1500	0.1500	0.1500	0.1500	-	0.1500	0.1500	0.1500	0.1500	0.1500	0.1500	0.1500
Announcement Date	2/3/22	4/27/22	7/27/22	10/26/22	2/2/23	5/2/23	7/27/23	10/26/23	2/6/24	4/24/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	7,493	7,216	16,082	12,254	20,227	10,380	12,774	15,082
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	2,785	18,527	9,560	-	6,801	6,205	5,560	5,875
ROE (net income / shareholders' equity)	13.8%	-4%	16.2%	16.6%	18.9%	18.1%	16.1%	15.2%
ROA (Net income/ Total Assets)	1.85%	-0.49%	2.45%	2.97%	3.07%	3.23%	2.84%	2.86%
Assets ¹	2,544	263,169	731,287	-66,700	141,426	227,544	266,509	275,271
Book Value Per Share ²	9.050	7.720	12.00	10.80	10.70	11.80	13.10	14.40
Cash Flow per Share ²	4.410	6.110	3.910	-	3.690	3.490	3.370	3.400
Capex ¹	7,632	5,742	6,227	-	8,236	8,364	8,574	8,799
Capex / Sales	5.31%	4.95%	4.94%	-	4.96%	4.79%	4.86%	4.83%
Announcement Date	2/4/20	2/4/21	2/3/22	2/2/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Ford Motor Company

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

13.17 USD

Average target price

14.19 USD

Spread / Average Target

+7.71%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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