Company Valuation: Tofas Türk Otomobil Fabrikasi Anonim Sirketi

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 37,850 82,850 105,000 102,550 123,500 155,250 - -
Change - 118.89% 26.74% -2.33% 20.43% 25.71% - -
Enterprise Value (EV) 1 41,394 77,791 91,275 110,654 123,500 209,056 215,448 251,844
Change - 87.93% 17.33% 21.23% 11.61% 69.28% 3.06% 16.89%
P/E ratio 11.5x 9.68x 6.96x 19.6x 14.8x 8.97x 5.79x 3.95x
PBR 6.59x 7.32x - 2.18x - 2.7x 1.58x 1.5x
PEG - 0x 0.1x -0.3x 0.2x 0x 0.1x 0.1x
Capitalization / Revenue 1.28x 1.26x 0.82x 0.85x 0.39x 0.3x 0.25x 0.14x
EV / Revenue 1.39x 1.19x 0.72x 0.92x 0.39x 0.4x 0.35x 0.23x
EV / EBITDA 7.14x 6.9x 4.64x 11.9x 12.4x 7.14x 5.12x 3.4x
EV / EBIT 9.01x 7.98x 5.8x 35.9x 49.1x 12.2x 6.91x 4.47x
EV / FCF 26.6x 6.95x 8.65x -11.6x - -47.6x -20.6x 11.1x
FCF Yield 3.76% 14.4% 11.6% -8.64% - -2.1% -4.85% 8.97%
Dividend per Share 2 3 6.4 - - - 17.31 25.62 39.28
Rate of return 3.96% 3.86% - - - 5.57% 8.25% 12.7%
EPS 2 6.56 17.12 30.17 10.44 16.71 34.63 53.67 78.57
Distribution rate 45.7% 37.4% - - - 50% 47.7% 50%
Net sales 1 29,684 65,545 127,601 120,267 319,414 523,571 623,174 1,071,702
EBITDA 1 5,794 11,270 19,667 9,280 9,998 29,290 42,065 73,993
EBIT 1 4,595 9,751 15,729 3,080 2,517 17,066 31,201 56,357
Net income 1 3,281 8,562 15,083 5,221 8,354 17,314 25,103 39,285
Net Debt 1 3,544 -5,059 -13,725 8,104 - 53,806 60,198 96,594
Reference price 2 75.70 165.70 210.00 205.10 247.00 310.50 310.50 310.50
Nbr of stocks (in thousands) 500,000 500,000 500,000 500,000 500,000 500,000 - -
Announcement Date 03/02/22 02/02/23 13/02/24 12/02/25 09/02/26 - - -
1TRY in Million2TRY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.97x0.4x7.14x5.57% 3.51B
30.18x6.94x17.76x1.26% 58.52B
25.59x1.77x14.94x1.21% 42.8B
8.4x0.39x3.73x3.8% 41.98B
21.39x1.15x6.71x2.74% 38.87B
15.33x0.09x2.49x2.39% 24.24B
7.04x0.35x4.22x - 19B
9.28x0.07x1.02x3.29% 18.94B
21.35x0.21x3.73x1.74% 13.87B
-11.08x0.77x-27.71x0.48% 10.94B
Average 13.65x 1.22x 3.40x 2.5% 27.27B
Weighted average by Cap. 18.09x 2.08x 7.44x 2.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Tofas Türk Otomobil Fabrikasi Anonim Sirketi
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