Earnings Alerts

Ford Otomotiv Sanayi As (FROTO) Earnings Report: 1H Net Income Drops 19% Year-over-Year






Ford Otomotiv 1H Financial Overview

  • Net Income for the first half of 2024: 15.70 billion liras (down 19% year-on-year from 19.40 billion liras)
  • Second Quarter Highlights:
    • Sales: 106.78 billion liras (down 18% year-on-year)
    • Production: 142,262 vehicles (down 3.7% year-on-year)
    • Net Income: 5.98 billion liras
  • Yearly Forecasts and Expectations:
    • Exports: 560,000 to 610,000 units
    • Local Sales: 100,000 to 110,000 units
    • Capital Expenditure: EU 900 million to EU 1 billion
  • Analyst Ratings:
    • 12 “Buys”
    • 4 “Holds”
    • 0 “Sells”



A look at Ford Otomotiv Sanayi As Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth4
Resilience2
Momentum2
OVERALL SMART SCORE3.2

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

Analyzing Ford Otomotiv Sanayi A.S. through the Smartkarma Smart Scores reveals a primarily positive long-term outlook for the company. With a solid dividend score of 5, investors can expect consistent returns in the form of dividends. This indicates a stable financial position and a commitment to rewarding shareholders.

Moreover, Ford Otomotiv Sanayi A.S. scores well in growth, receiving a score of 4. This suggests promising prospects for expansion and development within the company, potentially leading to increased profitability over time. However, weaknesses in resilience and momentum, with scores of 2 each, indicate areas where the company may need to focus on improving its ability to weather economic downturns and enhance market performance.


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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