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Türk Traktör ve Ziraat Makineleri

Market Cap

₺11.3b

Last Updated

2021/04/21 17:03 UTC

Data Sources

Company Financials +

Executive Summary

Türk Traktör ve Ziraat Makineleri A.S. manufactures and sells farm tractors, harvesters, and other agricultural machineries and equipment. More Details


Snowflake Analysis

Outstanding track record with excellent balance sheet.

Share Price & News

How has Türk Traktör ve Ziraat Makineleri's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TTRAK is not significantly more volatile than the rest of TR stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: TTRAK's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-5.1%

TTRAK

-10.5%

TR Machinery

-9.0%

TR Market


1 Year Return

277.9%

TTRAK

235.0%

TR Machinery

40.9%

TR Market

Return vs Industry: TTRAK exceeded the TR Machinery industry which returned 254.3% over the past year.

Return vs Market: TTRAK exceeded the TR Market which returned 47.9% over the past year.


Shareholder returns

TTRAKIndustryMarket
7 Day-5.1%-10.5%-9.0%
30 Day-6.9%-4.3%-9.2%
90 Day6.4%-2.8%-16.2%
1 Year305.3%277.9%261.2%235.0%54.6%40.9%
3 Year244.8%207.1%309.8%217.4%107.1%74.4%
5 Year214.4%144.8%320.0%214.4%162.6%105.3%

Long-Term Price Volatility Vs. Market

How volatile is Türk Traktör ve Ziraat Makineleri's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Türk Traktör ve Ziraat Makineleri undervalued compared to its fair value and its price relative to the market?

13.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TTRAK (TRY202.2) is trading above our estimate of fair value (TRY109.2)

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


Price To Earnings Ratio

PE vs Industry: TTRAK is good value based on its PE Ratio (13.9x) compared to the TR Machinery industry average (45.8x).

PE vs Market: TTRAK is good value based on its PE Ratio (13.9x) compared to the TR market (21.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TTRAK is overvalued based on its PB Ratio (7.5x) compared to the TR Machinery industry average (3.9x).


Future Growth

How is Türk Traktör ve Ziraat Makineleri forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

13.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTRAK's forecast earnings growth (13.1% per year) is above the savings rate (9.3%).

Earnings vs Market: TTRAK's earnings (13.1% per year) are forecast to grow slower than the TR market (21.5% per year).

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

Revenue vs Market: TTRAK's revenue (18.8% per year) is forecast to grow faster than the TR market (15.2% per year).

High Growth Revenue: TTRAK's revenue (18.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TTRAK's Return on Equity is forecast to be very high in 3 years time (58.8%).


Past Performance

How has Türk Traktör ve Ziraat Makineleri performed over the past 5 years?

0.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TTRAK has high quality earnings.

Growing Profit Margin: TTRAK's current net profit margins (12.4%) are higher than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: TTRAK's earnings have grown by 0.8% per year over the past 5 years.

Accelerating Growth: TTRAK's earnings growth over the past year (588.7%) exceeds its 5-year average (0.8% per year).

Earnings vs Industry: TTRAK earnings growth over the past year (588.7%) exceeded the Machinery industry 90.9%.


Return on Equity

High ROE: TTRAK's Return on Equity (53.9%) is considered outstanding.


Financial Health

How is Türk Traktör ve Ziraat Makineleri's financial position?


Financial Position Analysis

Short Term Liabilities: TTRAK's short term assets (TRY3.7B) exceed its short term liabilities (TRY2.0B).

Long Term Liabilities: TTRAK's short term assets (TRY3.7B) exceed its long term liabilities (TRY1.1B).


Debt to Equity History and Analysis

Debt Level: TTRAK's debt to equity ratio (87.8%) is considered high.

Reducing Debt: TTRAK's debt to equity ratio has reduced from 105% to 87.8% over the past 5 years.

Debt Coverage: TTRAK's debt is well covered by operating cash flow (126.4%).

Interest Coverage: TTRAK's interest payments on its debt are well covered by EBIT (12.2x coverage).


Balance Sheet


Dividend

What is Türk Traktör ve Ziraat Makineleri current dividend yield, its reliability and sustainability?

0.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TTRAK's dividend (0.92%) is higher than the bottom 25% of dividend payers in the TR market (0.72%).

High Dividend: TTRAK's dividend (0.92%) is low compared to the top 25% of dividend payers in the TR market (3.25%).


Stability and Growth of Payments

Stable Dividend: TTRAK has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TTRAK has only been paying a dividend for 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.9%), TTRAK's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TTRAK's dividends in 3 years are forecast to be covered by earnings (83.2% payout ratio).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Ibrahim Ozuner

2.25yrs

Tenure

Mr. Ibrahim Aykut Ozuner has been General Manager and Chief Executive Officer at Türk Traktör ve Ziraat Makineleri A.S., since January 1, 2019 and its Executive Director March 12, 2019. He started his busi...


Leadership Team

Experienced Management: TTRAK's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: TTRAK's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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

Türk Traktör ve Ziraat Makineleri A.S.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Türk Traktör ve Ziraat Makineleri A.S.
  • Ticker: TTRAK
  • Exchange: IBSE
  • Founded: 1954
  • Industry: Agricultural and Farm Machinery
  • Sector: Capital Goods
  • Market Cap: ₺11.293b
  • Shares outstanding: 53.37m
  • Website: https://www.turktraktor.com.tr

Number of Employees


Location

  • Türk Traktör ve Ziraat Makineleri A.S.
  • Gazi Mahallesi Anadolu Bulvari No:52–52A
  • Yenimahalle
  • Ankara
  • 6560
  • Turkey

Listings


Biography

Türk Traktör ve Ziraat Makineleri A.S. manufactures and sells farm tractors, harvesters, and other agricultural machineries and equipment. The company also offers construction equipment, such as skid steer...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/21 17:03
End of Day Share Price2021/04/21 00:00
Earnings2020/12/31
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.