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
Rewards
Risk Analysis
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
| TTRAK | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.1% | -10.5% | -9.0% |
| 30 Day | -6.9% | -4.3% | -9.2% |
| 90 Day | 6.4% | -2.8% | -16.2% |
| 1 Year | 305.3%277.9% | 261.2%235.0% | 54.6%40.9% |
| 3 Year | 244.8%207.1% | 309.8%217.4% | 107.1%74.4% |
| 5 Year | 214.4%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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/21 17:03 |
| End of Day Share Price | 2021/04/21 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.