Otokar Otomotiv ve Savunma Sanayi A.S.

IBSE:OTKAR Stock Report

Market Cap: ₺59.3b

Otokar Otomotiv ve Savunma Sanayi Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: OTKAR (TRY494) is trading above our estimate of fair value (TRY8.56)

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

Key Valuation Metric

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

Key metric: As OTKAR is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for OTKAR. This is calculated by dividing OTKAR's market cap by their current revenue.
What is OTKAR's PS Ratio?
PS Ratio2.3x
Sales₺25.66b
Market Cap₺59.28b

Price to Sales Ratio vs Peers

How does OTKAR's PS Ratio compare to its peers?

The above table shows the PS ratio for OTKAR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.7x
ASUZU Anadolu Isuzu Otomotiv Sanayi ve Ticaret
1.3xn/a₺16.9b
JANTS Jantsa Jant Sanayi ve Ticaret
2.9xn/a₺18.7b
TMSN Tümosan Motor ve Traktör Sanayi
3xn/a₺13.2b
HATSN Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret Anonim Sirketi
3.6xn/a₺10.0b
OTKAR Otokar Otomotiv ve Savunma Sanayi
2.3xn/a₺59.3b

Price-To-Sales vs Peers: OTKAR is good value based on its Price-To-Sales Ratio (2.3x) compared to the peer average (2.7x).

Price to Sales Ratio vs Industry

How does OTKAR's PS Ratio compare vs other companies in the Asian Machinery Industry?

145 CompaniesPrice / SalesEstimated GrowthMarket Cap
OTKAR 2.3xIndustry Avg. 1.8xNo. of Companies206PS01.63.24.86.48+
145 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: OTKAR is expensive based on its Price-To-Sales Ratio (2.3x) compared to the Asian Machinery industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

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

OTKAR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.3x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate OTKAR's Price-To-Sales Fair Ratio for valuation analysis.

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 OTKAR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₺494.00
₺609.53
+23.4%
4.6%₺633.60₺570.00n/a3
Dec ’25₺474.25
₺632.15
+33.3%
7.3%₺700.00₺570.00n/a4
Nov ’25₺414.50
₺632.15
+52.5%
7.3%₺700.00₺570.00n/a4
Oct ’25₺428.00
₺645.60
+50.8%
10.5%₺764.62₺570.40n/a6
Sep ’25₺467.75
₺645.60
+38.0%
10.5%₺764.62₺570.40n/a6
Aug ’25₺592.00
₺637.22
+7.6%
11.3%₺764.62₺570.40n/a6
Jul ’25₺631.00
₺637.22
+1.0%
11.3%₺764.62₺570.40n/a6
Jun ’25₺609.50
₺637.15
+4.5%
11.3%₺764.62₺570.00n/a6
May ’25₺523.50
₺601.87
+15.0%
16.5%₺764.62₺441.00n/a7
Apr ’25₺447.00
₺601.87
+34.6%
16.5%₺764.62₺441.00n/a7
Mar ’25₺486.00
₺601.87
+23.8%
16.5%₺764.62₺441.00n/a7
Feb ’25₺486.00
₺543.51
+11.8%
12.0%₺625.00₺441.00n/a6
Jan ’25₺425.50
₺493.85
+16.1%
14.2%₺583.47₺385.00n/a6
Dec ’24₺440.00
₺493.85
+12.2%
14.2%₺583.47₺385.00₺474.256
Nov ’24₺393.60
₺460.82
+17.1%
23.7%₺583.47₺271.42₺414.506
Oct ’24₺364.90
₺283.82
-22.2%
35.7%₺385.61₺114.00₺428.006
Sep ’24₺365.50
₺283.82
-22.3%
35.7%₺385.61₺114.00₺467.756
Aug ’24₺294.40
₺283.82
-3.6%
35.7%₺385.61₺114.00₺592.006
Jul ’24₺196.10
₺221.38
+12.9%
24.0%₺271.64₺114.00₺631.006
Jun ’24₺174.00
₺221.38
+27.2%
24.0%₺271.64₺114.00₺609.506
May ’24₺168.00
₺221.38
+31.8%
24.0%₺271.64₺114.00₺523.506
Apr ’24₺183.52
₺235.71
+28.4%
9.8%₺271.64₺214.00₺447.004
Mar ’24₺191.40
₺212.61
+11.1%
26.3%₺271.64₺121.60₺486.004
Feb ’24₺179.98
₺212.61
+18.1%
26.3%₺271.64₺121.60₺486.004
Jan ’24₺207.60
₺139.11
-33.0%
20.0%₺175.00₺104.00₺425.504
Dec ’23₺188.80
₺139.11
-26.3%
20.0%₺175.00₺104.00₺440.004

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 11:11
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Otokar Otomotiv ve Savunma Sanayi A.S. is covered by 15 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Can ÖzçelikAk Yatirim Menkul Degerler A.S.
Erdem KayliBNP Paribas Securities (Asia)
Ogeday GurbuzBNP Paribas Securities (Asia)