FORD OTOMOTIV SANAYI |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,123 TRY | -0.27% |
|
-0.09% | +51.86% |
| May. 22 | Transcript : Ford Otomotiv Sanayi A.S., Q1 2024 Earnings Call, May 22, 2024 | |
| May. 21 | Ford Otomotiv Sanayi A.S. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 24,862 | 44,215 | 83,552 | 184,052 | 259,498 | 394,072 | - | - |
| Enterprise Value (EV) 1 | 27,867 | 44,171 | 88,435 | 211,856 | 320,192 | 459,410 | 512,120 | 544,952 |
| P/E ratio | 12.7 x | 10.5 x | 9.49 x | 9.89 x | 5.29 x | 6.17 x | 4.83 x | 3.56 x |
| Yield | 4.4% | 5.1% | 5.46% | 3.8% | 9.88% | 5.52% | 11.4% | 19.1% |
| Capitalization / Revenue | 0.63 x | 0.89 x | 1.18 x | 1.07 x | 0.63 x | 0.67 x | 0.48 x | 0.37 x |
| EV / Revenue | 0.71 x | 0.89 x | 1.24 x | 1.23 x | 0.78 x | 0.79 x | 0.63 x | 0.52 x |
| EV / EBITDA | 8.32 x | 8.36 x | 9.34 x | 10.7 x | 7.5 x | 7.92 x | 6.58 x | 5.69 x |
| EV / FCF | 15.8 x | 6.63 x | 14 x | 43.1 x | 13.4 x | 19.8 x | 16 x | 6.23 x |
| FCF Yield | 6.34% | 15.1% | 7.13% | 2.32% | 7.44% | 5.05% | 6.26% | 16.1% |
| Price to Book | 5.33 x | 6.28 x | 8.23 x | 8.6 x | 3.55 x | 3.76 x | 2.35 x | 1.44 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 | 1,123 | 1,123 | 1,123 |
| 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 | 584,628 | 815,385 | 1,052,196 |
| EBITDA 1 | 3,350 | 5,283 | 9,464 | 19,727 | 42,710 | 57,976 | 77,771 | 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% | 8.76% | 9.28% | 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 | 64,265 | 115,294 |
| Net margin | 5% | 8.48% | 12.38% | 10.83% | 11.91% | 8.24% | 7.88% | 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% | 3.97% | 3.93% | 8.32% |
| FCF Conversion (EBITDA) | 52.78% | 126.18% | 66.65% | 24.89% | 55.79% | 40.03% | 41.21% | 91.4% |
| FCF Conversion (Net income) | 90.23% | 158.93% | 71.67% | 26.38% | 48.58% | 48.17% | 49.87% | 75.9% |
| Dividend per Share 2 | 3.120 | 6.420 | 13.00 | 19.95 | 73.06 | 61.99 | 128.4 | 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 | 1.518 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% | 76.5% | 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 | 318,828 | 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 | 38,511 | 32,213 | 19,906 |
| Capex / Sales | 3.16% | 1.46% | 3.37% | 8.28% | 6.49% | 6.59% | 3.95% | 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
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
1,123
TRY
Average target price
1,310
TRY
Spread / Average Target
+16.65%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +51.86% | 12.14B | |
| +9.61% | 93.74B | |
| +24.81% | 75.99B | |
| -14.38% | 75.33B | |
| -10.94% | 68.74B | |
| +17.49% | 45.52B | |
| +26.30% | 35.88B | |
| +0.67% | 21.61B | |
| -18.66% | 16.23B | |
| -24.79% | 8.87B |
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