Tofas Türk Otomobil Fabrikasi Anonim Sirketi

IBSE:TOASO Stock Report

Market Cap: ₺110.9b

Tofas Türk Otomobil Fabrikasi Anonim Sirketi Valuation

Is TOASO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TOASO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TOASO (TRY221.9) is trading above our estimate of fair value (TRY176.71)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TOASO?

Other financial metrics that can be useful for relative valuation.

TOASO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA8.3x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does TOASO's PE Ratio compare to its peers?

The above table shows the PE ratio for TOASO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.5x
FROTO Ford Otomotiv Sanayi
7.2x16.7%₺325.1b
KARSN Karsan Otomotiv Sanayii ve Ticaret
27.2xn/a₺16.7b
BRISA Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret
8.8x35.9%₺27.9b
EGEEN Ege Endüstri ve Ticaret
42.9xn/a₺33.4b
TOASO Tofas Türk Otomobil Fabrikasi Anonim Sirketi
11.4x37.8%₺110.9b

Price-To-Earnings vs Peers: TOASO is good value based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (21.5x).


Price to Earnings Ratio vs Industry

How does TOASO's PE Ratio compare vs other companies in the Asian Auto Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: TOASO is good value based on its Price-To-Earnings Ratio (11.4x) compared to the Asian Auto industry average (15.3x).


Price to Earnings Ratio vs Fair Ratio

What is TOASO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TOASO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.4x
Fair PE Ratio16.5x

Price-To-Earnings vs Fair Ratio: TOASO is good value based on its Price-To-Earnings Ratio (11.4x) compared to the estimated Fair Price-To-Earnings Ratio (16.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TOASO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₺221.90
₺364.80
+64.4%
16.2%₺510.00₺306.31n/a12
Sep ’25₺244.00
₺364.80
+49.5%
16.2%₺510.00₺306.31n/a12
Aug ’25₺275.75
₺375.23
+36.1%
16.9%₺510.00₺306.31n/a12
Jul ’25₺338.75
₺362.34
+7.0%
14.0%₺450.20₺306.31n/a11
Jun ’25₺308.75
₺362.34
+17.4%
14.0%₺450.20₺306.31n/a11
May ’25₺275.25
₺352.72
+28.1%
15.2%₺450.20₺259.24n/a11
Apr ’25₺286.50
₺362.07
+26.4%
13.0%₺450.20₺310.00n/a10
Mar ’25₺261.00
₺345.05
+32.2%
12.4%₺436.20₺280.00n/a10
Feb ’25₺251.75
₺348.71
+38.5%
14.2%₺444.40₺280.00n/a11
Jan ’25₺210.00
₺368.50
+75.5%
14.8%₺444.40₺280.00n/a11
Dec ’24₺239.10
₺361.08
+51.0%
16.0%₺444.40₺279.42n/a12
Nov ’24₺243.20
₺348.38
+43.2%
16.9%₺436.20₺248.38n/a12
Oct ’24₺295.50
₺336.13
+13.7%
13.6%₺400.00₺248.38n/a12
Sep ’24₺280.50
₺326.59
+16.4%
18.6%₺400.00₺172.80₺244.0014
Aug ’24₺301.40
₺324.73
+7.7%
12.3%₺370.00₺248.38₺275.7513
Jul ’24₺252.50
₺280.35
+11.0%
6.5%₺302.00₺242.50₺338.7511
Jun ’24₺206.50
₺244.48
+18.4%
19.6%₺302.00₺172.80₺308.7514
May ’24₺192.00
₺242.50
+26.3%
19.4%₺302.00₺172.80₺275.2514
Apr ’24₺186.70
₺215.63
+15.5%
17.6%₺280.00₺166.00₺286.5013
Mar ’24₺176.70
₺176.15
-0.3%
20.8%₺231.40₺106.00₺261.0012
Feb ’24₺145.60
₺171.86
+18.0%
23.5%₺231.40₺106.00₺251.7512
Jan ’24₺165.70
₺137.63
-16.9%
19.2%₺193.10₺106.00₺210.0014
Dec ’23₺141.00
₺127.28
-9.7%
13.3%₺158.75₺106.00₺239.1014
Nov ’23₺100.80
₺123.56
+22.6%
13.5%₺158.75₺106.00₺243.2014
Oct ’23₺91.50
₺114.28
+24.9%
12.4%₺153.00₺93.60₺295.5014
Sep ’23₺89.00
₺111.60
+25.4%
14.6%₺153.00₺82.00₺280.5015

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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