Earnings Alerts

Examining Ford Otomotiv Sanayi As (FROTO) Earnings: 1Q Sales surge with Increased Vehicle Production

  • Ford Otomotiv reported an increase in 1Q sales from 113.6 billion liras the previous year to 124.2 billion liras currently. This represents a 9.3% increase Y/Y.
  • However, the EBITDA saw a decrease of 6.6% Y/Y, standing at 11.3 billion liras for this 1Q.
  • There was an increase in the production of vehicles. With a production of 170,200 vehicles, there was an increase of 7.7% Y/Y.
  • The 1Q net income was 8.97 billion liras, representing an increase from the 8.16 billion liras recorded in 2023’s first quarter.
  • In terms of analysis, 14 recommended buying Ford Otomotiv stocks, 2 recommended holding, with none recommending a sell.

A look at Ford Otomotiv Sanayi As Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Ford Otomotiv Sanayi A.S. is positioned favorably for long-term performance. With a high dividend score of 5, investors can expect a stable income stream from the company. Additionally, the company scores well in growth and momentum, with scores of 4 each, indicating potential for future expansion and positive price trends. However, Ford Otomotiv lags behind in resilience with a score of 2, suggesting a lower ability to weather economic downturns. Overall, Ford Otomotiv Sanayi A.S. presents a promising outlook for investors based on its strong dividend yield, growth prospects, and positive momentum in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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