BST:FO9A

Stock Analysis Report

Ford Otomotiv Sanayi

Executive Summary

Ford Otomotiv Sanayi A.S. manufactures, assembles, imports, exports, and sells motor vehicles and spare parts in Turkey.

Snowflake

Fundamentals

Established dividend payer and good value.

Share Price & News

How has Ford Otomotiv Sanayi's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.9%

BST:FO9A

2.7%

DE Auto

3.2%

DE Market


1 Year Return

19.8%

BST:FO9A

-8.4%

DE Auto

-9.7%

DE Market

FO9A outperformed the Auto industry which returned -8.4% over the past year.

FO9A outperformed the Market in Germany which returned -9.7% over the past year.


Share holder returns

FO9AIndustryMarket
7 Day-6.9%2.7%3.2%
30 Day-7.4%-9.0%-4.4%
90 Day32.1%-3.7%-2.0%
1 Year27.6%19.8%-4.4%-8.4%-6.9%-9.7%
3 Year9.1%-7.5%7.0%-3.8%11.8%2.2%
5 Year21.2%-4.2%-6.4%-19.5%26.9%9.5%

Price Volatility Vs. Market

How volatile is Ford Otomotiv Sanayi's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ford Otomotiv Sanayi undervalued based on future cash flows and its price relative to the stock market?

42%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Ford Otomotiv Sanayi's share price is below the future cash flow value, and at a moderate discount (> 20%).

Ford Otomotiv Sanayi's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Ford Otomotiv Sanayi is overvalued based on earnings compared to the DE Auto industry average.

Ford Otomotiv Sanayi is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Ford Otomotiv Sanayi is good value based on expected growth next year.


Price Based on Value of Assets

Ford Otomotiv Sanayi is overvalued based on assets compared to the DE Auto industry average.


Next Steps

Future Growth

How is Ford Otomotiv Sanayi expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

17.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Ford Otomotiv Sanayi's revenue is expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).

Ford Otomotiv Sanayi's earnings are expected to grow by 17.7% yearly, however this is not considered high growth (20% yearly).

Ford Otomotiv Sanayi's revenue growth is expected to exceed the Germany market average.

Ford Otomotiv Sanayi's earnings growth is expected to exceed the Germany market average.

Ford Otomotiv Sanayi's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Ford Otomotiv Sanayi is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).


Next Steps

Past Performance

How has Ford Otomotiv Sanayi performed over the past 5 years?

25.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Ford Otomotiv Sanayi has delivered over 20% year on year earnings growth in the past 5 years.

Ford Otomotiv Sanayi's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Ford Otomotiv Sanayi's 1-year earnings growth is negative, it can't be compared to the DE Auto industry average.


Return on Equity

Whilst Ford Otomotiv Sanayi made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.


Return on Assets

Ford Otomotiv Sanayi used its assets more efficiently than the DE Auto industry average last year based on Return on Assets.


Return on Capital Employed

Ford Otomotiv Sanayi has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Ford Otomotiv Sanayi's financial position?


Financial Position Analysis

Ford Otomotiv Sanayi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Ford Otomotiv Sanayi's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Ford Otomotiv Sanayi's level of debt (146.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (78.7% vs 146.8% today).

Debt is well covered by operating cash flow (40.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 11.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.6x debt.


Next Steps

Dividend

What is Ford Otomotiv Sanayi's current dividend yield, its reliability and sustainability?

9.88%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Ford Otomotiv Sanayi's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).

Ford Otomotiv Sanayi's dividend is above the markets top 25% of dividend payers in Germany (4.18%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.4x coverage).


Next Steps

Management

What is the CEO of Ford Otomotiv Sanayi's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Haydar Yenigün (55yo)

7.5yrs

Tenure

0

Mr. Haydar Yenigün has been General Manager of Ford Otomotiv Sanayi AS since February 15, 2015 and served as its Assistant General Manager of Kocaeli Plant since March 1, 2007. Mr. Yenigün joined Ford Otos ...


Management Age and Tenure

4.8yrs

Average Tenure

The tenure for the Ford Otomotiv Sanayi management team is about average.


Board Age and Tenure

6.0yrs

Average Tenure

55yo

Average Age

The tenure for the Ford Otomotiv Sanayi board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Oguz Toprakoglu

    CFO and Assistant GM of Finance & Accounting

    • Tenure: 12.8yrs
  • Haydar Yenigün (55yo)

    GM & Director

    • Tenure: 7.5yrs
  • Özgür Yücetürk

    Assistant GM of Marketing

    • Tenure: 4.8yrs
  • Lisa King

    Director& Ford Global Enterprise Product Line Management Lead

    • Tenure: 2.9yrs
  • Asli Selçuk

    Investor Relations Manager

    • Tenure: 0.0yrs
  • Burak Çekmece

    Assistant GM of Product Development

    • Tenure: 0.0yrs
  • Ali Aksoy

    Director of Human Resources

    • Tenure: 1.4yrs

Board Members

  • Rahmi Koç (89yo)

    Honorary Chairman

    • Tenure: 6.7yrs
  • Ali Koç (52yo)

    Chairman

    • Tenure: 6.7yrs
  • Ali Ilkbahar (81yo)

    Director

    • Tenure: 5.4yrs
  • Len Meany

    Independent Director

    • Tenure: 3.4yrs
  • Haydar Yenigün (55yo)

    GM & Director

    • Tenure: 7.5yrs
  • Stuart Rowley (52yo)

    Director

    • Tenure: 8.8yrs
  • Steve Armstrong (55yo)

    Vice Chairman

    • Tenure: 1.9yrs
  • Osman Durak (67yo)

    Director

    • Tenure: 17.6yrs
  • Lisa King

    Director& Ford Global Enterprise Product Line Management Lead

    • Tenure: 2.9yrs
  • Füsun Bozok

    Independent Director

    • Tenure: 1.6yrs

Company Information

Ford Otomotiv Sanayi A.S.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ford Otomotiv Sanayi A.S.
  • Ticker: FO9A
  • Exchange: BST
  • Founded: 1959
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: YTL20.704b
  • Listing Market Cap: YTL3.231b
  • Shares outstanding: 350.91m
  • Website: https://www.fordotosan.com.tr

Number of Employees


Location

  • Ford Otomotiv Sanayi A.S.
  • Akpinar Mahallesi
  • Hasan Basri Cad. No: 2
  • Istanbul
  • 34885
  • Turkey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FROTOIBSE (Borsa Istanbul (BIST))YesGroup A Registered SharesTRTRYJul 1990
FOVS.YOTCPK (Pink Sheets LLC)UNSP ADR EA REPR 5 ORD SHSUSUSDAug 2010
FO9ABST (Boerse-Stuttgart)UNSP ADR EA REPR 5 ORD SHSDEEURAug 2010

Biography

Ford Otomotiv Sanayi A.S. manufactures, assembles, imports, exports, and sells motor vehicles and spare parts in Turkey. It offers commercial, transit and transit custom, and transit courier vehicles; and  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 22:16
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.