Türk Traktör ve Ziraat Makineleri A.S.

IBSE:TTRAK Stock Report

Market Cap: ₺84.8b

Türk Traktör ve Ziraat Makineleri Valuation

Is TTRAK 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

  • PM vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: TTRAK (TRY847) is trading above our estimate of fair value (TRY541.08)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

TTRAK 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/Revenue2x
Enterprise Value/EBITDA8.2x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TTRAK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19x
OTKAR Otokar Otomotiv ve Savunma Sanayi
55.1x67.3%₺63.2b
AGHOL AG Anadolu Grubu Holding
8xn/a₺64.5b
ALARK Alarko Holding
4.4xn/a₺56.3b
SISE Türkiye Sise Ve Cam Fabrikalari
8.6x25.4%₺164.2b
TTRAK Türk Traktör ve Ziraat Makineleri
11.1x20.4%₺84.8b

Price-To-Earnings vs Peers: TTRAK is good value based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (19x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a23.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a23.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: TTRAK is good value based on its Price-To-Earnings Ratio (11.1x) compared to the Asian Machinery industry average (21x).


Price to Earnings Ratio vs Fair Ratio

What is TTRAK'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.

TTRAK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.1x
Fair PE Ratio8.5x

PM vs Fair Ratio: TTRAK is expensive based on its Price-To-Earnings Ratio (11.1x) compared to the estimated Fair Price-To-Earnings Ratio (8.5x).


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 TTRAK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₺833.00
₺913.16
+9.6%
25.1%₺1,412.60₺544.00n/a8
Feb ’25₺819.50
₺913.16
+11.4%
25.1%₺1,412.60₺544.00n/a8
Jan ’25₺712.00
₺929.91
+30.6%
24.0%₺1,412.60₺544.00n/a8
Dec ’24₺702.50
₺875.25
+24.6%
31.5%₺1,412.60₺443.37n/a8
Nov ’24₺730.30
₺747.73
+2.4%
30.0%₺1,000.00₺412.90n/a8
Oct ’24₺881.00
₺615.46
-30.1%
37.6%₺918.14₺315.00n/a9
Sep ’24₺921.60
₺615.46
-33.2%
37.6%₺918.14₺315.00n/a9
Aug ’24₺683.30
₺535.47
-21.6%
36.3%₺905.00₺315.00n/a9
Jul ’24₺406.20
₺398.74
-1.8%
11.3%₺472.00₺309.33n/a9
Jun ’24₺368.00
₺370.45
+0.7%
15.0%₺472.00₺289.06n/a9
May ’24₺297.60
₺348.13
+17.0%
15.3%₺414.77₺245.87n/a10
Apr ’24₺267.14
₺325.56
+21.9%
16.4%₺389.33₺244.16n/a9
Mar ’24₺308.69
₺319.93
+3.6%
15.3%₺386.18₺244.16n/a9
Feb ’24₺276.64
₺303.14
+9.6%
16.2%₺373.33₺235.09₺819.509
Jan ’24₺352.00
₺266.42
-24.3%
13.7%₺338.66₺223.52₺712.009
Dec ’23₺282.66
₺266.42
-5.7%
13.7%₺338.66₺223.52₺702.509
Nov ’23₺210.13
₺226.41
+7.7%
7.5%₺245.87₺189.33₺730.308
Oct ’23₺148.96
₺165.00
+10.8%
9.6%₺189.33₺144.69₺881.007
Sep ’23₺130.03
₺165.00
+26.9%
9.6%₺189.33₺144.69₺921.607
Aug ’23₺130.61
₺158.88
+21.6%
10.2%₺177.09₺128.53₺683.307
Jul ’23₺117.23
₺159.18
+35.8%
10.4%₺179.20₺128.53₺406.207
Jun ’23₺128.59
₺157.81
+22.7%
10.0%₺179.20₺128.53₺368.007
May ’23₺125.60
₺157.81
+25.6%
10.0%₺179.20₺128.53₺297.607
Apr ’23₺122.24
₺154.08
+26.0%
8.2%₺170.93₺128.53₺267.147
Mar ’23₺113.92
₺156.80
+37.6%
5.2%₺170.93₺147.57₺308.697
Feb ’23₺120.27
₺154.56
+28.5%
5.6%₺170.93₺147.57₺276.645

Analyst Forecast: Target price is less than 20% higher than the current share price.


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