TOFAS TÜRK OTOMOBIL FABRIKASI ANONIM SIRKETI Financials Tofas Türk Otomobil Fabrikasi Anonim Sirketi
Equities
TOASO
TRATOASO91H3
Auto & Truck Manufacturers
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 302.5 TRY | +1.42% |
|
+10.30% | +44.05% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,430 | 16,960 | 37,850 | 82,850 | 105,000 | 149,125 | - | - |
| Enterprise Value (EV) 1 | 14,555 | 19,399 | 41,394 | 77,791 | 91,275 | 137,932 | 137,990 | 125,790 |
| P/E ratio | 9.07 x | 9.5 x | 11.5 x | 9.68 x | 6.96 x | 8.35 x | 4.88 x | 3.78 x |
| Yield | 6.55% | 7.08% | 3.96% | 3.86% | - | 7% | 9.73% | 13.9% |
| Capitalization / Revenue | 0.71 x | 0.72 x | 1.28 x | 1.26 x | 0.82 x | 0.71 x | 0.53 x | 0.36 x |
| EV / Revenue | 0.77 x | 0.82 x | 1.39 x | 1.19 x | 0.72 x | 0.65 x | 0.49 x | 0.31 x |
| EV / EBITDA | 5.87 x | 6.41 x | 7.14 x | 6.9 x | 4.64 x | 5.73 x | 4.71 x | 3.43 x |
| EV / FCF | 4.94 x | 28.7 x | 26.6 x | 6.95 x | 8.65 x | -35 x | 5.91 x | - |
| FCF Yield | 20.3% | 3.48% | 3.76% | 14.4% | 11.6% | -2.86% | 16.9% | - |
| Price to Book | 3.1 x | 3.8 x | 6.59 x | 7.32 x | - | 2.95 x | 2.07 x | 1.49 x |
| Nbr of stocks (in thousands) | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | - | - |
| Reference price 2 | 26.86 | 33.92 | 75.70 | 165.7 | 210.0 | 298.2 | 298.2 | 298.2 |
| Announcement Date | 2/4/20 | 2/3/21 | 2/3/22 | 2/2/23 | 2/13/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 18,897 | 23,557 | 29,684 | 65,545 | 127,601 | 211,521 | 279,089 | 412,070 |
| EBITDA 1 | 2,480 | 3,026 | 5,794 | 11,270 | 19,667 | 24,060 | 29,309 | 36,686 |
| EBIT 1 | 1,720 | 2,267 | 4,595 | 9,751 | 15,729 | 18,651 | 29,891 | 37,916 |
| Operating Margin | 9.1% | 9.62% | 15.48% | 14.88% | 12.33% | 8.82% | 10.71% | 9.2% |
| Earnings before Tax (EBT) 1 | 1,457 | 1,831 | 3,512 | 8,562 | 18,327 | 18,823 | 25,054 | 32,200 |
| Net income 1 | 1,482 | 1,784 | 3,281 | 8,562 | 15,083 | 17,969 | 24,350 | 26,996 |
| Net margin | 7.84% | 7.57% | 11.05% | 13.06% | 11.82% | 8.5% | 8.72% | 6.55% |
| EPS 2 | 2.960 | 3.570 | 6.560 | 17.12 | 30.17 | 35.72 | 61.08 | 78.94 |
| Free Cash Flow 1 | 2,949 | 675.7 | 1,558 | 11,189 | 10,556 | -3,939 | 23,356 | - |
| FCF margin | 15.61% | 2.87% | 5.25% | 17.07% | 8.27% | -1.86% | 8.37% | - |
| FCF Conversion (EBITDA) | 118.92% | 22.33% | 26.88% | 99.28% | 53.67% | - | 79.69% | - |
| FCF Conversion (Net income) | 199.03% | 37.87% | 47.47% | 130.68% | 69.98% | - | 95.92% | - |
| Dividend per Share 2 | 1.760 | 2.400 | 3.000 | 6.400 | - | 20.88 | 29.03 | 41.33 |
| Announcement Date | 2/4/20 | 2/3/21 | 2/3/22 | 2/2/23 | 2/13/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,595 | 10,078 | 10,634 | 15,415 | 16,022 | 23,474 | 18,741 | 23,366 | 26,661 | 58,833 | 33,659 |
| EBITDA 1 | 975.4 | 3,147 | 1,738 | 2,571 | 2,682 | 4,278 | 2,868 | 4,367 | 4,767 | 14,548 | 4,490 |
| EBIT | 679.7 | 2,340 | 1,388 | 2,195 | 2,322 | 3,846 | - | 4,209 | - | - | - |
| Operating Margin | 12.15% | 23.22% | 13.06% | 14.24% | 14.49% | 16.39% | - | 18.01% | - | - | - |
| Earnings before Tax (EBT) | 594.9 | - | - | - | 1,907 | 3,526 | - | 4,939 | 5,368 | - | - |
| Net income 1 | 580.6 | 1,217 | 1,129 | 1,876 | 2,059 | 3,498 | 2,433 | 4,939 | 5,093 | 2,618 | 2,806 |
| Net margin | 10.38% | 12.07% | 10.62% | 12.17% | 12.85% | 14.9% | 12.98% | 21.14% | 19.1% | 4.45% | 8.34% |
| EPS | - | 2.430 | - | - | - | - | 4.870 | 9.870 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/26/21 | 2/3/22 | 4/27/22 | 7/26/22 | 10/26/22 | 2/2/23 | 4/27/23 | 7/26/23 | 10/25/23 | 2/13/24 | 5/21/24 |
1TRY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,125 | 2,439 | 3,544 | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 5,059 | 13,725 | 11,193 | 11,135 | 23,335 |
| Leverage (Debt/EBITDA) | 0.4535 x | 0.8061 x | 0.6117 x | - | - | - | - | - |
| Free Cash Flow 1 | 2,949 | 676 | 1,558 | 11,189 | 10,556 | -3,939 | 23,356 | - |
| ROE (net income / shareholders' equity) | 36.9% | 40.6% | 64.3% | 100% | 48.1% | 46.4% | 54.8% | 42.1% |
| ROA (Net income/ Total Assets) | 11.5% | 11.1% | 15.3% | 26.8% | 19.8% | 22.6% | 21.3% | 13.4% |
| Assets 1 | 12,906 | 16,142 | 21,474 | 31,925 | 76,233 | 79,607 | 114,158 | 201,466 |
| Book Value Per Share 2 | 8.660 | 8.940 | 11.50 | 22.60 | - | 101.0 | 144.0 | 201.0 |
| Cash Flow per Share 2 | 7.310 | 3.170 | 5.360 | 24.30 | 25.60 | 39.90 | 83.50 | 80.40 |
| Capex 1 | 708 | 909 | 1,122 | 962 | 2,260 | 4,055 | 8,035 | 14,497 |
| Capex / Sales | 3.74% | 3.86% | 3.78% | 1.47% | 1.77% | 1.92% | 2.88% | 3.52% |
| Announcement Date | 2/4/20 | 2/3/21 | 2/3/22 | 2/2/23 | 2/13/24 | - | - | - |
1TRY in Million2TRY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
298.2
TRY
Average target price
350.9
TRY
Spread / Average Target
+17.65%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +43.93% | 4.63B | |
| -0.09% | 85.13B | |
| -4.18% | 85.39B | |
| -3.70% | 78.72B | |
| +23.62% | 75.29B | |
| +21.51% | 47.09B | |
| +14.40% | 33.25B | |
| -13.61% | 17.48B | |
| +66.60% | 13.24B | |
| -3.03% | 10.22B |
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- TOASO Stock
- Financials Tofas Türk Otomobil Fabrikasi Anonim Sirketi
