1. Turkey Stocks

  2. •

    Producer manufacturing

  3. •

    Trucks/Construction/Farm machinery
Turk Traktor ve Ziraat Makineleri A.S.

Turk Traktor ve Ziraat Makineleri A.S.

BBIST:TTRAK
354.25
TRY
-8.75
(-2.41%)
43.88BMarket Cap
Oct 27Next Earn
Turk Traktor ve Ziraat Makineleri A.S.
BIST:TTRAK
(Istanbul Exchange)

Recent

price

354.25

P/E

ratio

- -

div

yld

-17.78%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
11.93
17.99
19.73
21.74
27.21
31
34.41
42.12
39.06
38.04
62.39
116.36
413.7
843.11
875.99
538.01
- -
Revenue per Share
1.8
2.77
2.68
2.8
2.61
2.57
3.7
3.21
2.4
1.12
7.76
13.21
43.07
134.79
75.09
4.55
- -
Basic EPS, GAAP
3.26
0.85
0.09
-2.02
0.81
3.3
1.35
4.16
-1.31
9.22
14.69
5.63
52.14
117.58
12.12
26.18
18.18
Free Cash Flow per Basic Share
0.12
1.5
2
- -
3
3
3
2.5
3
- -
1
8.49
27.87
45.38
139.88
57.64
-62.99
Dividend per Share
4.68
5.95
6.63
7.43
7.04
6.5
6.99
7.57
6.51
7.64
14.4
20.5
92.38
222.16
221.94
167.04
189.64
Book Value per Share
4.5
5.69
6.28
6.66
6.11
5.3
5.21
5.42
3.83
4.68
11.04
16.11
68.59
188.34
172.39
113.38
128.47
Tangible Book Value per Share
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
Basic Weighted Avg Shares
1,193
1,801
1,974
2,175
2,723
3,103
3,443
4,215
3,909
3,806
6,243
11,644
41,397
84,367
87,658
53,837
- -
Sales/Revenue/Turnover
18.31
16.86
14.73
15.48
12.76
12.8
14.52
12.61
14.56
7.46
15.54
13.95
9.81
20.78
12.36
4.01
- -
Operating Margin (%)
9
11
19
25
34
52
58
69
87
125
129
161
941
1,703
2,430
2,875
3,129
Depreciation Expense
180
277
268
280
261
257
370
321
240
112
776
1,322
4,310
13,488
7,514
455
- -
Net Income, GAAP
19.28
18.84
15.7
12.6
11.03
14.86
4.73
8.64
6.35
- -
11.13
12.45
5.35
23.03
28.03
54.76
- -
Effective Tax Rate (%)
15.06
15.41
13.58
12.87
9.59
8.28
10.74
7.61
6.14
2.94
12.44
11.35
10.41
15.99
8.57
0.84
- -
Profit Margin (%)
384
569
667
700
581
520
796
883
1,080
841
1,644
1,573
4,262
13,386
9,028
4,097
1,804
Working Capital
- -
123
195
334
442
466
760
856
1,303
999
1,042
555
951
1,179
2,669
2,859
1,232
LT Debt
468
596
664
743
705
651
700
758
652
764
1,441
2,051
9,244
22,231
22,209
16,715
18,976
Total Equity
28.6
36.07
28.45
29.67
22.49
25.24
33.47
25.58
19.43
- -
34.41
42.07
36.59
53.34
21.53
2.83
- -
Return on Invested Capital (%)
78.73
39.41
30.37
27.37
24.25
22.52
30.39
24.98
19.49
- -
36.37
48.23
53.69
63.15
32.16
9
- -
Return on Capital (%)
46.75
52.16
42.58
39.78
36.06
37.88
54.75
44.01
34.07
15.81
70.42
75.72
76.31
85.7
33.82
2.34
- -
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
12,664
15,260
13,224
LT Borrowings
2,854
1,258
1,036
LT Finance Leases
5
50
196
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
100
100
100
Market Capitalization
51,985
44,480
43,879

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
22,733
25,327
23,107
Cash, Cash Equivalents & STI
6,779
7,367
5,491
Accounts Receivable, Net
3,819
4,954
5,554
Inventories
9,446
10,276
9,046
Total Current Liabilities
18,636
23,395
21,303
Payables & Accruals
- -
- -
- -
ST Debt
12,664
15,260
13,224
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
61.63%
101.74%
-24.74%
Free Cash Flow
18.86%
183.34%
116.06%
Net Income, GAAP
91.71%
74.19%
-93.95%
Sales/Revenue/Turnover
49.87%
82.23%
-38.58%
Total Cash Common Dividend
- -
238.08%
-58.79%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
22,918
21,174
17,195
17,399
87,658
2025
16,650
16,500
- -
14,617
53,837
2026
10,056
12,919
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
24.13
26.2
12.36
6.35
75.09
2025
3.09
4.47
- -
-4.62
4.55
2026
-12.75
6.95
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
6.93
32.53
139.88
2025
- -
- -
-65.33
2.41
57.64
2026
- -
- -
- -
- -
- -
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Business
Türk Traktör ve Ziraat Makineleri A.Ş. Türk Traktör ve Ziraat Makineleri A.Ş. manufactures tractors, harvesting machinery, earthmoving equipment and related components including gearboxes, transmission boxes, engine blocks, cylinder heads and hydraulic lifters; produces New Holland, Case IH and Steyr branded tractors as well as agricultural and construction equipment such as backhoe loaders, mini excavators, wheel loaders and telescopic handlers; operates as a joint venture of Koç Holding and CNH Industrial with factories in Ankara and Erenler, Turkey, boasting annual tractor production capacity of 54,000 units and exports to over 130 countries primarily in Europe, North America and the Asia Pacific region. Founded in 1954 and headquartered in Ankara, the company maintains Turkey's tractor market leadership for 18 consecutive years through its extensive dealer and service network serving domestic farmers and international customers. Türk Traktör ve Ziraat Makineleri A.Ş. recently signed a share purchase agreement in 2024 to acquire Kayhan Ertuğrul Makina Inc. and subsidiaries Kayhan Ertuğrul Tarım and Terramak Tarım Inc. pending Competition Authority approval to expand into agricultural equipment production; strengthened its Erenler factory cabin assembly line and initiated trial production at a new cabin skeleton facility by year-end 2024; sustains innovation via its sector-first R&D center, CNH Industrial's primary APAC hub, and emphasizes sustainability through integrated management systems including ISO certifications for energy, environment and information security.