Otokar Otomotiv ve Savunma Sanayi A.S.

IBSE:OTKAR Stock Report

Market Cap: ₺58.6b

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-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 OTKAR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OTKAR (TRY488) is trading below our estimate of fair value (TRY545.3)

Significantly Below Fair Value: OTKAR is trading below fair value, but not by a significant amount.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

OTKAR 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/Revenue2.5x
Enterprise Value/EBITDA38.6x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for OTKAR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.6x
ASUZU Anadolu Isuzu Otomotiv Sanayi ve Ticaret
17.5xn/a₺28.2b
TMSN Tümosan Motor ve Traktör Sanayi
19.1xn/a₺21.2b
HATSN Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret Anonim Sirketi
58xn/a₺14.4b
BVSAN Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi
35.6xn/a₺4.1b
OTKAR Otokar Otomotiv ve Savunma Sanayi
29.8x52.8%₺58.6b

Price-To-Earnings vs Peers: OTKAR is good value based on its Price-To-Earnings Ratio (29.8x) compared to the peer average (32.6x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.7%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.7%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: OTKAR is expensive based on its Price-To-Earnings Ratio (29.8x) compared to the Asian Machinery industry average (22.5x).


Price to Earnings Ratio vs Fair Ratio

What is OTKAR'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.

OTKAR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.8x
Fair PE Ratio19x

Price-To-Earnings vs Fair Ratio: OTKAR is expensive based on its Price-To-Earnings Ratio (29.8x) compared to the estimated Fair Price-To-Earnings Ratio (19x).


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₺488.00
₺601.87
+23.3%
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₺385.00n/a6
Nov ’24₺393.60
₺460.82
+17.1%
23.7%₺583.47₺271.42n/a6
Oct ’24₺364.90
₺283.82
-22.2%
35.7%₺385.61₺114.00n/a6
Sep ’24₺365.50
₺283.82
-22.3%
35.7%₺385.61₺114.00n/a6
Aug ’24₺294.40
₺283.82
-3.6%
35.7%₺385.61₺114.00n/a6
Jul ’24₺196.10
₺221.38
+12.9%
24.0%₺271.64₺114.00n/a6
Jun ’24₺174.00
₺221.38
+27.2%
24.0%₺271.64₺114.00n/a6
May ’24₺168.00
₺221.38
+31.8%
24.0%₺271.64₺114.00n/a6
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
Nov ’23₺107.54
₺129.36
+20.3%
14.7%₺155.82₺104.00₺393.604
Oct ’23₺112.76
₺115.11
+2.1%
11.6%₺136.00₺102.91₺364.904
Sep ’23₺105.08
₺114.90
+9.3%
10.4%₺136.00₺102.91₺365.505
Aug ’23₺93.70
₺107.06
+14.3%
7.1%₺117.51₺96.80₺294.405
Jul ’23₺86.50
₺104.26
+20.5%
9.9%₺117.51₺90.00₺196.105
Jun ’23₺86.48
₺101.16
+17.0%
7.8%₺114.08₺90.00₺174.005
May ’23₺83.38
₺101.16
+21.3%
7.8%₺114.08₺90.00₺168.005
Apr ’23₺85.00
₺98.35
+15.7%
10.7%₺114.08₺86.00₺183.525

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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