Financials Ford Motor Company

Equities

F

US3453708600

Auto & Truck Manufacturers

Real-time Estimate Cboe BZX Other stock markets 03:37:52 2024-05-17 pm EDT			5-day change	1st Jan Change
12.26 ^USD	-0.93%		+2.38%	+0.70%

09:01pm	UAW trails in early unionization vote counting at Alabama Mercedes factory	RE
01:34pm	China always torn

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	36,874	34,970	83,002	46,758	48,796	49,425	-	-
Enterprise Value (EV) ¹	29,381	27,754	66,920	34,504	28,569	39,333	36,220	36,519
P/E ratio	930 x	-27.5 x	4.67 x	-23.7 x	11.3 x	6.56 x	6.62 x	6.36 x
Yield	6.45%	1.71%	0.48%	4.3%	4.92%	4.85%	4.96%	5.21%
Capitalization / Revenue	0.26 x	0.3 x	0.66 x	0.31 x	0.29 x	0.29 x	0.28 x	0.27 x
EV / Revenue	0.2 x	0.24 x	0.53 x	0.23 x	0.17 x	0.23 x	0.21 x	0.2 x
EV / EBITDA	2.68 x	3.85 x	5.13 x	2.29 x	1.81 x	2.64 x	2.42 x	2.4 x
EV / FCF	10.5 x	1.5 x	7 x	-	4.2 x	5.9 x	6.15 x	5.84 x
FCF Yield	9.48%	66.8%	14.3%	-	23.8%	17%	16.3%	17.1%
Price to Book	1.03 x	1.14 x	1.73 x	1.08 x	1.14 x	1.05 x	0.95 x	0.87 x
Nbr of stocks (in thousands)	3,964,897	3,978,427	3,996,242	4,020,494	4,002,954	3,992,337	-	-
Reference price ²	9.300	8.790	20.77	11.63	12.19	12.38	12.38	12.38
Announcement Date	2/4/20	2/4/21	2/3/22	2/2/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	143,599	115,885	126,150	148,980	165,901	171,429	175,705	182,382
EBITDA ¹	10,949	7,210	13,049	15,053	15,752	14,903	14,962	15,225
EBIT ¹	4,926	1,633	7,397	9,692	10,416	10,891	10,586	10,363
Operating Margin	3.43%	1.41%	5.86%	6.51%	6.28%	6.35%	6.02%	5.68%
Earnings before Tax (EBT) ¹	-640	-1,116	17,780	-3,016	3,967	9,448	9,363	9,834
Net income ¹	47	-1,279	17,937	-1,981	4,347	7,606	7,574	7,818
Net margin	0.03%	-1.1%	14.22%	-1.33%	2.62%	4.44%	4.31%	4.29%
EPS ²	0.0100	-0.3200	4.450	-0.4900	1.080	1.888	1.871	1.947
Free Cash Flow ¹	2,785	18,527	9,560	-	6,801	6,670	5,887	6,254
FCF margin	1.94%	15.99%	7.58%	-	4.1%	3.89%	3.35%	3.43%
FCF Conversion (EBITDA)	25.44%	256.96%	73.26%	-	43.18%	44.76%	39.35%	41.07%
FCF Conversion (Net income)	5,925.53%	-	53.3%	-	156.45%	87.69%	77.73%	79.99%
Dividend per Share ²	0.6000	0.1500	0.1000	0.5000	0.6000	0.6003	0.6146	0.6452
Announcement Date	2/4/20	2/4/21	2/3/22	2/2/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	35,257	32,111	37,909	37,194	41,766	39,085	42,427	41,176	43,213	39,890	44,097	41,929	43,952	42,732	46,383
EBITDA ¹	3,046	3,223	4,681	3,002	4,147	4,706	5,099	4,101	2,433	4,022	4,578	3,590	3,327	4,075	4,575
EBIT ¹	1,641	1,891	3,322	1,698	2,781	3,379	3,786	2,198	1,053	2,763	3,538	2,602	2,251	2,320	2,690
Operating Margin	4.65%	5.89%	8.76%	4.57%	6.66%	8.65%	8.92%	5.34%	2.44%	6.93%	8.02%	6.21%	5.12%	5.43%	5.8%
Earnings before Tax (EBT) ¹	11,218	-3,848	791	-1,125	1,166	2,159	2,288	1,387	-1,867	1,612	3,322	2,284	2,021	2,434	2,874
Net income ¹	12,282	-3,110	667	-827	1,289	1,757	1,917	1,199	-526	1,332	2,748	1,729	1,612	2,084	2,559
Net margin	34.84%	-9.69%	1.76%	-2.22%	3.09%	4.5%	4.52%	2.91%	-1.22%	3.34%	6.23%	4.12%	3.67%	4.88%	5.52%
EPS ²	3.030	-0.7800	0.1600	-0.2100	0.3200	0.4400	0.4700	0.3000	-0.1300	0.3300	0.6740	0.4116	0.4226	0.5120	0.6295
Dividend per Share ²	0.1000	0.1000	0.1000	0.1500	0.1500	0.1500	0.1500	-	0.1500	0.1500	0.1500	0.1500	0.1500	0.1500	0.1500
Announcement Date	2/3/22	4/27/22	7/27/22	10/26/22	2/2/23	5/2/23	7/27/23	10/26/23	2/6/24	4/24/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	7,493	7,216	16,082	12,254	20,227	10,076	13,119	12,906
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	2,785	18,527	9,560	-	6,801	6,670	5,887	6,254
ROE (net income / shareholders' equity)	13.8%	-4%	16.2%	16.6%	18.9%	18.1%	15.7%	15.1%
ROA (Net income/ Total Assets)	1.85%	-0.49%	2.45%	2.97%	3.07%	4.12%	3.48%	3.61%
Assets ¹	2,544	263,169	731,287	-66,700	141,426	184,771	217,515	216,671
Book Value Per Share ²	9.050	7.720	12.00	10.80	10.70	11.70	13.00	14.20
Cash Flow per Share ²	4.410	6.110	3.910	-	3.690	3.090	3.300	2.990
Capex ¹	7,632	5,742	6,227	-	8,236	8,442	8,718	8,871
Capex / Sales	5.31%	4.95%	4.94%	-	4.96%	4.93%	4.96%	4.86%
Announcement Date	2/4/20	2/4/21	2/3/22	2/2/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Ford Motor Company

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

12.38 USD

Average target price

14.12 USD

Spread / Average Target

+14.03%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Auto & Truck Manufacturers

	1st Jan change	Capi.
FORD MOTOR COMPANY	+0.70%	49.43B
TOYOTA MOTOR CORPORATION	+32.64%	291B
MERCEDES-BENZ GROUP AG	+8.81%	75.8B
VOLKSWAGEN AG	+7.69%	71.75B
BMW AG	-4.72%	66.03B
GENERAL MOTORS COMPANY	+27.26%	52.31B
TATA MOTORS LIMITED	+21.13%	41.1B
HYUNDAI MOTOR COMPANY	+19.90%	39.91B
MAHINDRA & MAHINDRA LIMITED	+45.40%	31.64B
GREAT WALL MOTOR COMPANY LIMITED	+47.34%	27.9B

Other Auto & Truck Manufacturers