{"id":61,"date":"2026-06-12T18:59:15","date_gmt":"2026-06-12T15:59:15","guid":{"rendered":"https:\/\/tabildot.com.tr\/tv\/?p=61"},"modified":"2026-06-12T19:32:08","modified_gmt":"2026-06-12T16:32:08","slug":"%f0%9f%94%b5-froto-2026-03-faaliyet-raporu-analizi-ford-otomotiv-sanayi-a-s-ford-otosanin-kar-kaybi-ve","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/tv\/arsivler\/61","title":{"rendered":"\ud83d\udd35 FROTO 2026-03 Faaliyet Raporu Analizi | Ford Otomotiv Sanayi A.\u015e. (Ford Otosan&#8217;\u0131n k\u00e2r kayb\u0131 ve &#8230;"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd35 FROTO 2026-03 Faaliyet Raporu Analizi | Ford Otomotiv Sanayi A.\u015e. (Ford Otosan&amp;apos;\u0131n k\u00e2r kayb\u0131 ve ...\" width=\"858\" height=\"644\" src=\"https:\/\/www.youtube.com\/embed\/sUSbPFiJK8Q?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>https:\/\/tabildot.com.tr\/marketrisk\/2520 Ford Otomotiv Sanayi A.\u015e. (FROTO) i\u00e7in payla\u015ft\u0131\u011f\u0131n\u0131z 86,30 TL hisse fiyat\u0131 ve 2026 y\u0131l\u0131 birinci \u00e7eyrek faaliyet raporu verileri \u0131\u015f\u0131\u011f\u0131nda haz\u0131rlanan finansal analiz ve oranlar a\u015fa\u011f\u0131dad\u0131r:Temel Piyasa ve Defter De\u011ferleri \u2022 Piyasa De\u011feri: \u015eirketin toplam nominal sermayesi olan 3.509.100.000 TL (3,5 milyar adet hisse) ve 86,30 TL fiyat \u00fczerinden hesapland\u0131\u011f\u0131nda, toplam piyasa de\u011feri yakla\u015f\u0131k 302,8 Milyar TL\u2019dir. \u2022 Defter De\u011feri (Hisse Ba\u015f\u0131na): Toplam \u00f6zkaynaklar\u0131n (164,4 milyar TL) hisse adedine b\u00f6l\u00fcnmesiyle bulunan defter de\u011feri 46,86 TL&#8217;dir. \u2022 PD\/DD Oran\u0131 (Piyasa De\u011feri \/ Defter De\u011feri): Hisse fiyat\u0131n\u0131n defter de\u011ferine oran\u0131 1,84\u2019t\u00fcr. Bu oran, piyasan\u0131n \u015firkete \u00f6zkaynaklar\u0131n\u0131n yakla\u015f\u0131k 1,8 kat\u0131 de\u011fer bi\u00e7ti\u011fini g\u00f6stermektedir. \u2022 F\/K Oran\u0131 (Fiyat \/ Kazan\u00e7): 2026 1. \u00e7eyrek net k\u00e2r\u0131 (5,5 milyar TL) ve 2025 toplam k\u00e2r\u0131 baz al\u0131narak hesaplanan yakla\u015f\u0131k son 12 ayl\u0131k k\u00e2ra g\u00f6re F\/K oran\u0131 8,80 civar\u0131ndad\u0131r. \u2022 Net D\u00f6nem K\u00e2r\u0131: 2026&#8217;n\u0131n ilk \u00e7eyre\u011finde 5,5 Milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir. \u2022 Y\u0131ll\u0131k Net K\u00e2r De\u011fi\u015fimi: Ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki 8,5 milyar TL&#8217;ye g\u00f6re %35 oran\u0131nda bir d\u00fc\u015f\u00fc\u015f kaydedilmi\u015ftir. \u2022 Sat\u0131\u015f ve Br\u00fct K\u00e2r De\u011fi\u015fimi: Toplam sat\u0131\u015f gelirleri %9 azalarak 192,4 milyar TL&#8217;ye gerilerken, br\u00fct k\u00e2r %27 azal\u0131\u015fla 13,3 milyar TL olmu\u015ftur. Br\u00fct k\u00e2r marj\u0131 %8,6&#8217;dan %6,9&#8217;a gerilemi\u015ftir. \u2022 Esas Faaliyet K\u00e2r\u0131 De\u011fi\u015fimi: \u015eirketin operasyonel k\u00e2rl\u0131l\u0131\u011f\u0131 y\u0131ll\u0131k bazda %51 oran\u0131nda sert bir d\u00fc\u015f\u00fc\u015f g\u00f6stererek 4,9 milyar TL&#8217;ye inmi\u015ftir. \u2022 \u00d6zkaynak K\u00e2rl\u0131l\u0131\u011f\u0131ndaki De\u011fi\u015fim (ROE): 2025 sonundaki %21,7 seviyesinden %19,9 seviyesine (1,8 puanl\u0131k d\u00fc\u015f\u00fc\u015f) gerilemi\u015ftir. \u2022 \u015eirketin Net Borcu: 154 milyar TL toplam finansal bor\u00e7 stokuna kar\u015f\u0131l\u0131k, 56,7 milyar TL nakit mevcudu bulunmaktad\u0131r. Bu durumda \u015firketin 97,3 Milyar TL net borcu bulunmaktad\u0131r. \u015eirket nette bor\u00e7lu pozisyondad\u0131r. \u2022 Varl\u0131klar\u0131n Finansman Kayna\u011f\u0131: \u015eirket varl\u0131klar\u0131n\u0131n %35,9&#8217;u ana sermaye (\u00f6zkaynaklar), %64,1&#8217;i ise bor\u00e7 (y\u00fck\u00fcml\u00fcl\u00fckler) ile finanse edilmektedir. \u2022 \u00d6zkaynaklardaki De\u011fi\u015fim: 2025 y\u0131l sonuna g\u00f6re \u00f6zkaynaklar %4,2 oran\u0131nda azalarak 164,4 milyar TL&#8217;ye gerilemi\u015ftir. \u2022 Finansal Bor\u00e7lardaki De\u011fi\u015fim: 2025 sonunda 169 milyar TL olan toplam kredi ve bor\u00e7lanma stoku, Mart sonu itibar\u0131yla %8,9 azalarak 154 milyar TL\u2019ye d\u00fc\u015fm\u00fc\u015ft\u00fcr. \u2022 D\u00fczeltilmi\u015f FAV\u00d6K Marj\u0131: Ge\u00e7en y\u0131l %7,8 olan marj, 1\u00c7&#8217;26&#8217;da %6,1&#8217;e d\u00fc\u015fm\u00fc\u015ft\u00fcr. Bu gerilemenin ana nedenleri aras\u0131nda rekabet\u00e7i fiyatlama ortam\u0131, ihracat\u0131n toplam gelirdeki pay\u0131n\u0131n artmas\u0131 ve elektrikli ara\u00e7 \u00fcretim pay\u0131ndaki y\u00fckseli\u015fin maliyetlere etkisi g\u00f6sterilmektedir. \u2022 Net Finansal Bor\u00e7 \/ D\u00fczeltilmi\u015f FAV\u00d6K: 2025 sonundaki 1,49 seviyesinden 1,55&#8217;e y\u00fckselmi\u015ftir. Bu oran \u015firket i\u00e7in makul bir kald\u0131ra\u00e7 seviyesi olan 3,5x s\u0131n\u0131r\u0131n\u0131n olduk\u00e7a alt\u0131ndad\u0131r. \u2022 \u0130hracat Oran\u0131: Yurt d\u0131\u015f\u0131 sat\u0131\u015f gelirlerinin toplam gelir i\u00e7indeki pay\u0131 %84&#8217;e y\u00fckselmi\u015ftir. Bu, \u015firketin d\u00f6viz bazl\u0131 gelir yap\u0131s\u0131n\u0131 korudu\u011funu ancak EUR\/TL art\u0131\u015f\u0131n\u0131n T\u00dcFE&#8217;nin gerisinde kalmas\u0131n\u0131n (%25 vs %31) k\u00e2rl\u0131l\u0131\u011f\u0131 bask\u0131lad\u0131\u011f\u0131n\u0131 g\u00f6stermektedir. K\u00e2rl\u0131l\u0131k ve De\u011fi\u015fim Analizi (1\u00c726 vs 1\u00c725)Bor\u00e7 ve Finansman Yap\u0131s\u0131Di\u011fer \u00d6nemli Oranlar ve Tart\u0131\u015fmaGenel De\u011ferlendirme: Ford Otosan&#8217;\u0131n 2026 ilk \u00e7eyre\u011finde sat\u0131\u015f adetlerinde ve gelirlerinde s\u0131n\u0131rl\u0131 bir daralma ya\u015fan\u0131rken, k\u00e2rl\u0131l\u0131k oranlar\u0131nda (Br\u00fct k\u00e2r, Esas Faaliyet K\u00e2r\u0131 ve Net K\u00e2r) daha belirgin bir d\u00fc\u015f\u00fc\u015f g\u00f6zlenmektedir. Bu durumun temel sebebi, yurt i\u00e7i pazardaki %20&#8217;lik perakende daralmas\u0131 ve maliyet art\u0131\u015flar\u0131n\u0131n (enflasyon) kur art\u0131\u015f\u0131ndan daha h\u0131zl\u0131 seyretmesidir. Ancak \u015firketin finansal bor\u00e7lar\u0131n\u0131 azaltmaya ba\u015flamas\u0131 ve Avrupa pazar\u0131ndaki liderli\u011fini s\u00fcrd\u00fcrmesi uzun vadeli operasyonel g\u00fcc\u00fcn\u00fc teyit etmektedir.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>https:\/\/tabildot.com.tr\/marketrisk\/2520 Ford Otomotiv Sanayi A.\u015e. (FROTO) i\u00e7in payla\u015ft\u0131\u011f\u0131n\u0131z 86,30 TL hisse fiyat\u0131 ve 2026 y\u0131l\u0131 birinci \u00e7eyrek faaliyet raporu verileri \u0131\u015f\u0131\u011f\u0131nda haz\u0131rlanan finansal analiz ve oranlar a\u015fa\u011f\u0131dad\u0131r:Temel Piyasa ve Defter De\u011ferleri \u2022 Piyasa De\u011feri: \u015eirketin toplam nominal sermayesi olan 3.509.100.000&#8230; <\/p>\n","protected":false},"author":2,"featured_media":62,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[9],"class_list":["post-61","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-risk","tag-froto"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/posts\/61","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/comments?post=61"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/posts\/61\/revisions"}],"predecessor-version":[{"id":63,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/posts\/61\/revisions\/63"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/media\/62"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/media?parent=61"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/categories?post=61"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/tags?post=61"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}