company background image
FROT

Ford Otomotiv SanayiIBSE:FROTO Stock Report

Market Cap

₺86.3b

7D

1.1%

1Y

113.4%

Updated

01 Dec, 2021

Data

Company Financials +
FROTO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends4/6

FROTO Stock Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Ford Otomotiv Sanayi
Historical stock prices
Current Share Price₺246.00
52 Week High₺256.60
52 Week Low₺114.40
Beta1.24
1 Month Change27.40%
3 Month Change44.62%
1 Year Change113.36%
3 Year Change377.21%
5 Year Change728.28%
Change since IPO2,705,575.32%

Recent News & Updates

Shareholder Returns

FROTOTR AutoTR Market
7D1.1%-4.5%3.2%
1Y113.4%25.9%13.0%

Return vs Industry: FROTO exceeded the TR Auto industry which returned 25% over the past year.

Return vs Market: FROTO exceeded the TR Market which returned 9.5% over the past year.

Price Volatility

Is FROTO's price volatile compared to industry and market?
FROTO volatility
FROTO Average Weekly Movement5.9%
Auto Industry Average Movement4.9%
Market Average Movement5.4%
10% most volatile stocks in TR Market8.8%
10% least volatile stocks in TR Market3.9%

Stable Share Price: FROTO is not significantly more volatile than the rest of TR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: FROTO's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195913,310Haydar Yenigünhttps://www.fordotosan.com.tr

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 cargo trucks, as well as engines and powertrain products for trucks and transit vehicles. The company also imports and sells passenger cars.

Ford Otomotiv Sanayi Fundamentals Summary

How do Ford Otomotiv Sanayi's earnings and revenue compare to its market cap?
FROTO fundamental statistics
Market Cap₺86.32b
Earnings (TTM)₺6.64b
Revenue (TTM)₺66.62b

13.0x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FROTO income statement (TTM)
Revenue₺66.62b
Cost of Revenue₺57.93b
Gross Profit₺8.69b
Expenses₺2.05b
Earnings₺6.64b

Dividends

2.6%

Current Dividend Yield

34%

Payout Ratio

Valuation

Is Ford Otomotiv Sanayi undervalued compared to its fair value and its price relative to the market?

13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FROTO (TRY246) is trading above our estimate of fair value (TRY87.39)

Significantly Below Fair Value: FROTO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FROTO is good value based on its PE Ratio (13x) compared to the Asian Auto industry average (16.7x).

PE vs Market: FROTO is good value based on its PE Ratio (13x) compared to the TR market (15x).


Price to Earnings Growth Ratio

PEG Ratio: FROTO is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: FROTO is overvalued based on its PB Ratio (9.6x) compared to the XA Auto industry average (1.9x).


Future Growth

How is Ford Otomotiv Sanayi forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FROTO's forecast earnings growth (11.5% per year) is above the savings rate (9.1%).

Earnings vs Market: FROTO's earnings (11.5% per year) are forecast to grow slower than the TR market (12.7% per year).

High Growth Earnings: FROTO's earnings are forecast to grow, but not significantly.

Revenue vs Market: FROTO's revenue (25.1% per year) is forecast to grow faster than the TR market (13.8% per year).

High Growth Revenue: FROTO's revenue (25.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FROTO's Return on Equity is forecast to be very high in 3 years time (57.5%).


Past Performance

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

37.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FROTO has high quality earnings.

Growing Profit Margin: FROTO's current net profit margins (10%) are higher than last year (7.2%).


Past Earnings Growth Analysis

Earnings Trend: FROTO's earnings have grown significantly by 37.9% per year over the past 5 years.

Accelerating Growth: FROTO's earnings growth over the past year (130.1%) exceeds its 5-year average (37.9% per year).

Earnings vs Industry: FROTO earnings growth over the past year (130.1%) exceeded the Auto industry 52.4%.


Return on Equity

High ROE: Whilst FROTO's Return on Equity (73.72%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Ford Otomotiv Sanayi's financial position?


Financial Position Analysis

Short Term Liabilities: FROTO's short term assets (TRY25.8B) exceed its short term liabilities (TRY18.2B).

Long Term Liabilities: FROTO's short term assets (TRY25.8B) exceed its long term liabilities (TRY6.8B).


Debt to Equity History and Analysis

Debt Level: FROTO has more cash than its total debt.

Reducing Debt: FROTO's debt to equity ratio has increased from 81.2% to 145.8% over the past 5 years.

Debt Coverage: FROTO's debt is well covered by operating cash flow (68.5%).

Interest Coverage: FROTO earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

2.61%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FROTO's dividend (2.61%) is higher than the bottom 25% of dividend payers in the TR market (0.74%).

High Dividend: FROTO's dividend (2.61%) is low compared to the top 25% of dividend payers in the TR market (2.72%).


Stability and Growth of Payments

Stable Dividend: FROTO's dividend payments have been volatile in the past 10 years.

Growing Dividend: FROTO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.9%), FROTO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FROTO's dividends in 3 years are forecast to be covered by earnings (72.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Haydar Yenigün (57 yo)

9.83yrs

Tenure

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...


Leadership Team

Experienced Management: FROTO's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: FROTO's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Ford Otomotiv Sanayi A.S.
  • Ticker: FROTO
  • Exchange: IBSE
  • Founded: 1959
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: ₺86.324b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 21:58
End of Day Share Price2021/12/01 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.