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Ford Motor Co F

Morningstar Rating
$11.19 +0.03 (0.27%)
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Company Report

Ford Earnings: Warranty Problems on Older Vehicles Slam Results

Ford’s stock fell more than 11.5% in July 24 after-hours trading following disappointing second-quarter results. Adjusted diluted earnings per share of $0.47 fell 34.7% year over year and badly missed the $0.68 LSEG consensus. We are not changing our fair value estimate but have lowered our 2024 profit projection, which was mostly offset by the time value of money. Total company-adjusted EBIT fell by $1 billion, or 26.3%, and EBIT margin declined by 270 basis points to 5.8%. This metric significantly trails GM’s 9.3% reported on July 23. Ford’s 2024 adjusted EBIT guidance remains $10 billion-$12 billion.

Price vs Fair Value

F is trading at a 352% premium.
Price
$11.19
Fair Value
$58.00
Uncertainty
High
1-Star Price
$96.11
5-Star Price
$71.20
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Ford's turnaround will take lots of time due to many restructuring projects around the world, but so far, the international business seems to be getting better.

Bears

The auto industry is very cyclical, and at times Detroit automakers have been losing significant U.S. market share to foreign automakers for years.

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News

Trading Information

Previous Close Price
$11.16
Day Range
$11.0511.36
52-Week Range
$9.6314.85
Bid/Ask
$11.19 / $11.20
Market Cap
$44.48 Bil
Volume/Avg
79.6 Mil / 52.4 Mil

Key Statistics

Price/Earnings (Normalized)
6.82
Price/Sales
0.25
Dividend Yield (Trailing)
5.36%
Dividend Yield (Forward)
5.36%
Total Yield
6.66%

Company Profile

Ford Motor Co. manufactures automobiles under its Ford and Lincoln brands. In March 2022, the company announced that it will run its combustion engine business, Ford Blue, and its BEV business, Ford Model e, as separate businesses but still all under Ford Motor. The company has nearly 13% market share in the United States, about 11% share in the U.K., and under 2% share in China including unconsolidated affiliates. Sales in the U.S. made up about 66% of 2023 total company revenue. Ford has about 177,000 employees, including about 59,000 UAW employees, and is based in Dearborn, Michigan.
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Stock Style Box
Mid Value
Total Number of Employees
177,000

Competitors

Valuation

Metric
F
NSANY
TSLA
Price/Earnings (Normalized)
6.823.2488.59
Price/Book Value
1.030.2910.56
Price/Sales
0.250.148.05
Price/Cash Flow
3.651.8556.11
Price/Earnings
F
NSANY
TSLA

Financial Strength

Metric
F
NSANY
TSLA
Quick Ratio
0.961.471.24
Current Ratio
1.171.861.91
Interest Coverage
2.537.8725.38
Quick Ratio
F
NSANY
TSLA

Profitability

Metric
F
NSANY
TSLA
Return on Assets (Normalized)
1.57%3.76%14.43%
Return on Equity (Normalized)
9.85%12.51%24.84%
Return on Invested Capital (Normalized)
2.08%5.29%20.04%
Return on Assets
F
NSANY
TSLA
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Auto Manufacturers Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Tesla Inc
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Mercedes-Benz Group AG
MBGAF
QpvhlhjyNjbtspt$73.2 Bil
Bayerische Motoren Werke AG ADR
BMWYY
RrjtbvgYlnhwbl$60.3 Bil
Volkswagen AG ADR
VWAGY
XhgrdstgqSjs$58.9 Bil
Volkswagen AG ADR
VWAPY
DgqblhvbpKdgw$58.9 Bil
Stellantis NV
STLA
PzpkhkcsMkkm$53.2 Bil
General Motors Co
GM
DgvdmwfmXfsx$49.6 Bil
Honda Motor Co Ltd ADR
HMC
BjtgbhtgdTrkc$49.6 Bil

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