Financials Ford Otomotiv Sanayi Deutsche Boerse AG

Equities

FO9A

US3454091063

Auto & Truck Manufacturers

Delayed Deutsche Boerse AG 02:12:29 2024-07-17 am EDT 5-day change 1st Jan Change
137 EUR 0.00% Intraday chart for Ford Otomotiv Sanayi -8.05% +29.25%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 24,862 44,215 83,552 184,052 259,498 370,912 - -
Enterprise Value (EV) 1 27,867 44,171 88,435 211,856 320,192 436,250 488,960 521,792
P/E ratio 12.7 x 10.5 x 9.49 x 9.89 x 5.29 x 5.8 x 4.55 x 3.35 x
Yield 4.4% 5.1% 5.46% 3.8% 9.88% 5.86% 13.4% 20.3%
Capitalization / Revenue 0.63 x 0.89 x 1.18 x 1.07 x 0.63 x 0.63 x 0.44 x 0.35 x
EV / Revenue 0.71 x 0.89 x 1.24 x 1.23 x 0.78 x 0.74 x 0.59 x 0.5 x
EV / EBITDA 8.32 x 8.36 x 9.34 x 10.7 x 7.5 x 7.53 x 6.12 x 5.45 x
EV / FCF 15.8 x 6.63 x 14 x 43.1 x 13.4 x 18.8 x 15.3 x 5.96 x
FCF Yield 6.34% 15.1% 7.13% 2.32% 7.44% 5.32% 6.55% 16.8%
Price to Book 5.33 x 6.28 x 8.23 x 8.6 x 3.55 x 3.54 x 2.21 x 1.35 x
Nbr of stocks (in thousands) 350,910 350,910 350,910 350,910 350,910 350,910 - -
Reference price 2 70.85 126.0 238.1 524.5 739.5 1,057 1,057 1,057
Announcement Date 2/11/20 2/10/21 2/15/22 2/8/23 3/5/24 - - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 39,209 49,451 71,101 171,797 411,906 590,860 833,679 1,052,196
EBITDA 1 3,350 5,283 9,464 19,727 42,710 57,959 79,844 95,743
EBIT 1 2,574 4,367 8,410 17,832 36,646 51,185 75,658 90,221
Operating Margin 6.56% 8.83% 11.83% 10.38% 8.9% 8.66% 9.08% 8.57%
Earnings before Tax (EBT) 1 1,950 4,108 8,687 15,623 47,428 67,282 76,714 97,322
Net income 1 1,959 4,195 8,801 18,614 49,056 48,174 66,623 115,294
Net margin 5% 8.48% 12.38% 10.83% 11.91% 8.15% 7.99% 10.96%
EPS 2 5.580 11.95 25.08 53.04 139.8 182.1 232.4 315.4
Free Cash Flow 1 1,768 6,667 6,308 4,910 23,829 23,207 32,047 87,506
FCF margin 4.51% 13.48% 8.87% 2.86% 5.79% 3.93% 3.84% 8.32%
FCF Conversion (EBITDA) 52.78% 126.18% 66.65% 24.89% 55.79% 40.04% 40.14% 91.4%
FCF Conversion (Net income) 90.23% 158.93% 71.67% 26.38% 48.58% 48.17% 48.1% 75.9%
Dividend per Share 2 3.120 6.420 13.00 19.95 73.06 61.99 141.9 214.4
Announcement Date 2/11/20 2/10/21 2/15/22 2/8/23 3/5/24 - - -
1TRY in Million2TRY
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
Net sales 1 25,444 27,876 32,854 45,657 60,939 66,302 73,553 86,106 185,945 124,188
EBITDA 1 4,358 2,971 4,149 5,001 7,754 6,715 8,449 11,253 16,294 11,292
EBIT 4,076 2,677 3,859 4,334 7,110 6,080 7,788 - - -
Operating Margin 16.02% 9.6% 11.75% 9.49% 11.67% 9.17% 10.59% - - -
Earnings before Tax (EBT) - - - 4,695 - 5,160 7,302 11,059 - -
Net income 1 4,090 2,802 3,704 4,711 8,292 5,353 6,727 13,014 23,962 8,973
Net margin 16.08% 10.05% 11.27% 10.32% 13.61% 8.07% 9.15% 15.11% 12.89% 7.23%
EPS 11.66 - - - - 15.25 19.17 - - -
Dividend per Share - - - - - - - - - -
Announcement Date 2/15/22 4/27/22 7/28/22 11/2/22 2/8/23 4/27/23 7/27/23 10/25/23 3/5/24 5/22/24
1TRY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,005 - 4,883 27,804 60,694 65,338 118,048 150,880
Net Cash position 1 - 43.2 - - - - - -
Leverage (Debt/EBITDA) 0.8971 x - 0.516 x 1.409 x 1.421 x 1.127 x 1.478 x 1.576 x
Free Cash Flow 1 1,768 6,667 6,308 4,910 23,829 23,207 32,047 87,506
ROE (net income / shareholders' equity) 45.8% 59.6% 102% 118% 79% 73.4% 87.2% 46.2%
ROA (Net income/ Total Assets) 13.2% 20.6% 26.2% 26.8% 25.1% 23.3% 20.2% 17.9%
Assets 1 14,795 20,377 33,571 69,423 195,657 206,891 330,530 644,101
Book Value Per Share 2 13.30 20.10 28.90 61.00 208.0 299.0 478.0 781.0
Cash Flow per Share 2 8.570 21.10 24.80 54.50 144.0 212.0 281.0 375.0
Capex 1 1,240 724 2,395 14,219 26,743 41,475 34,286 19,906
Capex / Sales 3.16% 1.46% 3.37% 8.28% 6.49% 7.02% 4.11% 1.89%
Announcement Date 2/11/20 2/10/21 2/15/22 2/8/23 3/5/24 - - -
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
1,057 TRY
Average target price
1,310 TRY
Spread / Average Target
+23.93%
Consensus

Quarterly revenue - Rate of surprise

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  5. Financials Ford Otomotiv Sanayi