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Türk Traktör ve Ziraat Makineleri A.S. (TTRAK.IS)

TRY442.00 +2.25 (+0.51%)
TR IST Industrials Agricultural - Machinery
Address Gazi Mahallesi Anadolu Bulvari No:52–52A 6560
Ankara, TR
CEO Matthieu Jean-Marie Bernard Séjourné
IPO 2004-06-11
ISIN TRETTRK00010

Explore sections of this company profile

Description

Türk Traktör ve Ziraat Makineleri A.Ş., established in Ankara, Turkey, in 1954, is a prominent manufacturer and distributor of agricultural and construction machinery. The company's agricultural product line features farm tractors sold under the New Holland, Case IH, and Steyr brands, alongside harvesters and other farming equipment. For the construction industry, they produce a variety of heavy machinery, including skid steer, backhoe, compact wheel, and standard wheel loaders, as well as mini excavators, crawler excavators, and telehandlers. Additionally, the company provides extensive after-sales services for its diverse product range. Its domestic operations are supported by a substantial network of 123 tractor dealerships, 143 spare part dealers, and 42 construction equipment dealers across Turkey. Globally, Türk Traktör extends its reach by exporting products to approximately 130 countries. The company underwent a name change in 1968, adopting its current title after previously operating as Minneapolis Moline Türk Traktör ve Ziraat Makineleri A.S.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TRY442.00 +2.25 (+0.51%)
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Volume Profile
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Liquidity & share structure
Average Volume
187.4K
Beta
0.20
Float Shares
25.02M
Free Float %
25.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.50% -0.50% +1.18% -12.08% -12.26% -13.52% -19.71% +27.36% +353.83% +934.19% +10,699.28%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
442.00
DCF (Unlevered) 351.04 -20.6%
DCF (Levered) 141.44 -68.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 8 0
Sell 0 -1
Strong Sell 1 0
Quality scores
Altman Z-Score
2.72
Grey zone
Piotroski F-Score
3 / 9
Average
MOAT Score
4 / 10
Developing
Operational MOAT
✗ Below peers
  • Revenue growth Agricultural - Machinery: +5.1%
    -19.6% Q1'26: -21.0% (vs Q1'25)
  • EPS growth Agricultural - Machinery: +10.7%
    -92.1% Q1'26: -640.3% (vs Q1'25)
  • FCF margin FCF growth · Agricultural - Machinery: +31.2%
    -3.9% Q1'26: -0.9% (vs Q1'25)
  • EBIT margin Agricultural - Machinery: +9.5%
    +3.7% Q1'26: -8.8% (vs Q1'25)
  • ROIC Agricultural - Machinery: +7.1%
    +4.7% Q1'26: -13.5% (vs Q1'25)
  • Share dilution Agricultural - Machinery: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Agricultural - Machinery: 0.00×
    3.23× Q1'26: -236.55× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.20) × ERP
WACC = 74% × Ke + 26% × Kd (37.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 351.04 Current price: 442.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
4 Rev. Ana.
2 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Revenue
3.10B
est: 3.16B (-1.9%)
3.44B
est: 3.43B (+0.5%)
4.22B
est: 4.16B (+1.3%)
3.91B
est: 4.11B (-4.8%)
3.81B
est: 3.80B (+0.2%)
6.24B
est: 6.22B (+0.4%)
11.64B
est: 12.68B (-8.2%)
21.83B
est: 21.23B (+2.8%)
58.44B
est: 55.27B (+5.7%)
66.97B
est: 66.53B (+0.7%)
53.84B
est: 53.24B (+1.1%)
60.76B
58.22B – 64.82B
+14.1% YoY
79.85B
73.53B – 89.94B
+31.4% YoY
104.27B
104.26B – 104.27B
+30.6% YoY
EBITDA
429.63M
est: 593.07M (-27.6%)
557.02M
est: 642.61M (-13.3%)
603.68M
est: 780.44M (-22.6%)
542.32M
est: 770.47M (-29.6%)
487.76M
est: 712.71M (-31.6%)
1.14B
est: 1.17B (-2.6%)
1.79B
est: 2.38B (-24.6%)
3.52B
est: 3.98B (-11.6%)
14.32B
est: 9.34B (+53.3%)
13.09B
est: 11.24B (+16.4%)
4.81B
est: 9.00B (-46.5%)
10.27B
9.84B – 10.96B
+14.1% YoY
13.50B
12.43B – 15.20B
+31.4% YoY
17.62B
17.62B – 17.62B
+30.6% YoY
EBIT
355.39M
est: 534.80M (-33.5%)
474.00M
est: 579.47M (-18.2%)
482.93M
est: 703.75M (-31.4%)
455.12M
est: 694.76M (-34.5%)
362.66M
est: 642.68M (-43.6%)
1.00B
est: 1.05B (-4.7%)
1.63B
est: 2.14B (-24.0%)
3.31B
est: 3.59B (-7.9%)
13.14B
est: 7.98B (+64.8%)
11.20B
est: 9.60B (+16.7%)
2.00B
est: 7.68B (-73.9%)
8.77B
8.40B – 9.35B
+14.1% YoY
11.52B
10.61B – 12.98B
+31.4% YoY
15.05B
15.05B – 15.05B
+30.6% YoY
Net Income
256.80M
est: 251.60M (+2.1%)
369.80M
est: 336.16M (+10.0%)
320.76M
est: 289.38M (+10.8%)
240.11M
est: 221.80M (+8.3%)
111.89M
est: 98.36M (+13.8%)
776.44M
est: 713.63M (+8.8%)
1.32B
est: 1.18B (+11.7%)
2.97B
est: 2.46B (+20.7%)
9.34B
est: 8.06B (+15.9%)
5.74B
est: 6.86B (-16.3%)
454.80M
est: 1.06B (-57.0%)
894.56M
832.44M – 956.67M
-15.5% YoY
3.56B
3.48B – 3.64B
+298.0% YoY
6.89B
6.75B – 7.04B
+93.6% YoY
SGA
155.69M
est: 83.75M (+85.9%)
180.50M
est: 90.74M (+98.9%)
180.87M
est: 110.20M (+64.1%)
138.59M
est: 108.80M (+27.4%)
124.34M
est: 100.64M (+23.5%)
175.66M
est: 164.71M (+6.6%)
288.31M
est: 335.86M (-14.2%)
692.47M
est: 562.24M (+23.2%)
1.18B
est: 1.80B (-34.2%)
1.84B
est: 2.17B (-14.9%)
3.15B
est: 1.73B (+81.8%)
1.98B
1.90B – 2.11B
+14.1% YoY
2.60B
2.39B – 2.93B
+31.4% YoY
3.40B
3.40B – 3.40B
+30.6% YoY
EPS
2.57
est: 2.51 (+2.2%)
3.70
est: 3.36 (+10.1%)
3.21
est: 2.89 (+11.0%)
2.40
est: 2.22 (+8.3%)
1.12
est: 0.98 (+13.9%)
7.76
est: 7.13 (+8.8%)
13.21
est: 11.83 (+11.7%)
29.69
est: 24.59 (+20.7%)
156.17
est: 75.95 (+105.6%)
57.37
est: 67.46 (-15.0%)
4.55
est: 10.58 (-57.0%)
8.80
8.32 – 9.56
-16.8% YoY
35.58
34.79 – 36.37
+304.5% YoY
68.89
67.41 – 70.36
+93.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-05-25 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-05-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-05-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-05-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-05-18 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-05-15 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-14 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-13 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-12 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-11 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-08 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-07 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-06 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-05 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-04 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-30 C+ 2/5 3/5 2/5 3/5 1/5 1/5 2/5
2026-04-29 C+ 2/5 3/5 2/5 4/5 1/5 1/5 2/5
2026-04-28 C+ 2/5 3/5 2/5 4/5 1/5 1/5 2/5
2026-04-27 C+ 2/5 3/5 2/5 4/5 1/5 1/5 2/5
2026-04-24 C+ 2/5 3/5 2/5 4/5 1/5 1/5 2/5
2026-04-22 C+ 2/5 3/5 2/5 4/5 1/5 1/5 2/5
2026-04-21 C+ 2/5 3/5 2/5 4/5 1/5 1/5 2/5
2026-04-20 C+ 2/5 3/5 2/5 4/5 1/5 1/5 2/5
2026-04-17 C+ 2/5 3/5 2/5 4/5 1/5 1/5 2/5
2026-04-16 C+ 2/5 3/5 2/5 4/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
38.53M
OE per share TTM
0.39
Owner's Yield
0.09%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
12.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 40 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI Turkey ETF TUR 0.32% 656.6K 0.59%
2 iShares Agribusiness UCITS ETF ISAG.L 0.09% 401.8K 0.55%
3 iShares MSCI Agriculture Producers ETF VEGI 0.05% 75.1K 0.39%
4 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.02% 54.2K 0.74%
5 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.01% 52.8K 0.72%
6 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.01% 67.6K 0.55%
7 Avantis Responsible Emerging Markets Equity ETF AVSE 0.00% 9.9K 0.33%
8 Dimensional Emerging Markets Sustainability Core 1 ETF DFSE 0.00% 13.2K 0.44%
9 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 28.5K 0.48%
10 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 64.3K 0.26%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
807.4K
Shares Outstanding
100.07M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ilkiz Karagüllü Manager of Investor Relations female
Matthieu Jean-Marie Bernard Séjourné Chief Executive Officer & Director male
Ozgur Ergun Business Leader of Financial Affairs male
Sila Akçay Investor Relations & Sustainability Team Leader
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits