Financials Ford Motor Company

Equities

F

US3453708600

Auto & Truck Manufacturers

Market Closed - Nyse Other stock markets 16:00:02 2025-07-18 EDT			After hours 20:00:00
11.16 ^USD	+0.09%		11.21	+0.45%

07-18	BNP Paribas Exane Adjusts Price Target on Ford Motor to $10.50 From $9.50, Maintains Neutral Rating	MT
07-17	Deutsche Bank Adjusts Price Target on Ford Motor to $11 From $9, Maintains Hold Rating	MT

Projected Income Statement: Ford Motor Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	115,885	126,150	148,980	165,901	172,706	169,833	171,075	177,426
Change	-	8.86%	18.1%	11.36%	4.1%	-1.66%	0.73%	3.71%
EBITDA ¹	7,210	13,049	15,053	15,752	15,246	10,999	12,239	13,503
Change	-	80.98%	15.36%	4.64%	-3.21%	-27.85%	11.27%	10.33%
EBIT ¹	1,633	7,397	9,692	10,416	10,208	6,628	7,963	9,121
Change	-	352.97%	31.03%	7.47%	-2%	-35.07%	20.14%	14.55%
Interest Paid ¹	-1,649	-1,803	-1,259	-1,302	-1,115	-1,133	-1,119	-1,155
Earnings before Tax (EBT) ¹	-1,116	17,780	-3,016	3,967	7,233	5,327	6,629	7,940
Change	-	1,693.19%	-116.96%	231.53%	82.33%	-26.35%	24.43%	19.78%
Net income ¹	-1,279	17,937	-1,981	4,347	5,879	4,388	5,345	5,954
Change	-	1,502.42%	-111.04%	319.43%	35.24%	-25.37%	21.82%	11.38%
Announcement Date	2/4/21	2/3/22	2/2/23	2/6/24	2/5/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	16,622	34,707	33,216	33,554	24,128	33,211	35,257	32,111	37,909	37,194	41,766	39,085	42,427	41,176	43,213	39,890	44,811	43,069	44,936	37,422	44,076	41,974	42,717	39,468	41,887	42,649	41,228
Change	-	108.8%	-4.3%	1.02%	-28.09%	37.65%	6.16%	-8.92%	18.06%	-1.89%	12.29%	-6.42%	8.55%	-2.95%	4.95%	-7.69%	12.34%	-3.89%	4.33%	-16.72%	17.78%	-4.77%	1.77%	-7.61%	6.13%	1.82%	-3.33%
EBITDA ¹	-710	3,996	2,709	4,928	1,242	3,844	3,046	3,223	4,681	3,002	4,147	4,706	5,099	4,101	2,433	4,022	4,048	3,788	3,396	2,249	3,434	3,373	2,947	-	-	-	-
Change	-	662.82%	-32.21%	81.91%	-74.8%	209.5%	-20.76%	5.81%	45.24%	-35.87%	38.14%	13.48%	8.35%	-19.57%	-40.67%	65.31%	0.65%	-6.42%	-10.35%	-33.78%	52.71%	-1.78%	-12.64%	-	-	-	-
EBIT ¹	-2,089	2,644	1,255	3,403	-95	2,459	1,641	1,891	3,322	1,698	2,781	3,379	3,786	2,198	1,053	2,763	2,757	2,550	2,138	1,019	1,873	1,949	1,862	1,993	1,901	1,924	1,893
Change	-	226.57%	-52.53%	171.16%	-102.79%	2,688.42%	-33.27%	15.23%	75.67%	-48.89%	63.78%	21.5%	12.04%	-41.94%	-52.09%	162.39%	-0.22%	-7.51%	-16.16%	-52.34%	83.81%	4.06%	-4.49%	7.04%	-4.6%	1.21%	-1.61%
Charge d'intérêts ¹	-450	-498	-474	-473	-453	-439	-438	-308	-312	-321	-318	-308	-304	-324	-366	-278	-270	-272	-295	-288	-286.6	-286.8	-286.7	-272	-272	-272	-272
Earnings before Tax (EBT) ¹	1,084	2,756	-3,810	3,942	735	1,885	11,218	-3,848	791	-1,125	1,166	2,159	2,288	1,387	-1,867	1,612	2,438	869	2,314	621	1,632	1,644	1,358	1,670	1,628	1,652	1,621
Change	-	154.24%	-238.24%	203.46%	-81.35%	156.46%	495.12%	-134.3%	120.56%	-242.23%	203.64%	85.16%	5.97%	-39.38%	-234.61%	186.34%	51.24%	-64.36%	166.28%	-73.16%	162.8%	0.72%	-17.39%	22.98%	-2.51%	1.47%	-1.88%
Net income ¹	1,117	2,385	-2,788	3,262	561	1,832	12,282	-3,110	667	-827	1,289	1,757	1,917	1,199	-526	1,332	1,831	892	1,824	471	1,273	1,346	1,113	1,331	1,298	1,317	1,292
Change	-	113.52%	-216.9%	217%	-82.8%	226.56%	570.41%	-125.32%	121.45%	-223.99%	255.86%	36.31%	9.11%	-37.45%	-143.87%	353.23%	37.46%	-51.28%	104.48%	-74.18%	170.37%	5.7%	-17.32%	19.6%	-2.48%	1.46%	-1.9%
Announcement Date	7/30/20	10/28/20	2/4/21	4/28/21	7/28/21	10/27/21	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	7/24/24	10/28/24	2/5/25	5/5/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Ford Motor Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-7,216	-16,082	-12,254	-20,227	-7,716	-8,277	-9,413	-11,178
Change	-	-122.87%	23.8%	-65.06%	61.85%	-7.27%	-13.72%	-18.75%
Announcement Date	2/4/21	2/3/22	2/2/23	2/6/24	2/5/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Ford Motor Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	5,742	6,227	6,866	8,236	8,684	8,279	8,284	8,423
Change	-	8.45%	10.26%	19.95%	5.44%	-4.67%	0.07%	1.68%
Free Cash Flow (FCF) ¹	18,527	9,560	9,081	6,801	6,739	7,083	5,621	5,514
Change	-	-48.4%	-5.01%	-25.11%	-0.91%	5.1%	-20.64%	-1.91%
Announcement Date	2/4/21	2/3/22	2/2/23	2/6/24	2/5/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Ford Motor Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	6.22%	10.34%	10.1%	9.49%	8.83%	6.48%	7.15%	7.61%
EBIT Margin (%)	1.41%	5.86%	6.51%	6.28%	5.91%	3.9%	4.65%	5.14%
EBT Margin (%)	-0.96%	14.09%	-2.02%	2.39%	4.19%	3.14%	3.87%	4.48%
Net margin (%)	-1.1%	14.22%	-1.33%	2.62%	3.4%	2.58%	3.12%	3.36%
FCF margin (%)	15.99%	7.58%	6.1%	4.1%	3.9%	4.17%	3.29%	3.11%
FCF / Net Income (%)	-1,448.55%	53.3%	-458.4%	156.45%	114.63%	161.42%	105.17%	92.62%
Profitability
ROA	-0.49%	2.45%	2.97%	3.07%	2.66%	1.37%	1.73%	1.72%
ROE	-4%	16.24%	16.6%	18.91%	16.93%	9.63%	11.19%	11.52%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	4.95%	4.94%	4.61%	4.96%	5.03%	4.87%	4.84%	4.75%
CAPEX / EBITDA (%)	79.64%	47.72%	45.61%	52.29%	56.96%	75.27%	67.69%	62.38%
CAPEX / FCF (%)	30.99%	65.14%	75.61%	121.1%	128.86%	116.89%	147.37%	152.76%
Items per share
Cash flow per share ¹	6.11	3.914	1.707	3.692	3.836	2.35	2.56	2.929
Change	-	-35.95%	-56.37%	116.23%	3.9%	-38.72%	8.91%	14.45%
Dividend per Share ¹	0.15	0.1	0.5	0.6	0.6	0.5992	0.603	0.6098
Change	-	-33.33%	400%	20%	0%	-0.13%	0.63%	1.13%
Book Value Per Share ¹	7.72	11.98	10.77	10.72	11.52	11.42	12.08	12.82
Change	-	55.18%	-10.1%	-0.49%	7.46%	-0.83%	5.78%	6.15%
EPS ¹	-0.32	4.45	-0.49	1.08	1.46	1.037	1.309	1.446
Change	-	1,490.63%	-111.01%	320.41%	35.19%	-28.99%	26.22%	10.51%
Nbr of stocks (in thousands)	3,978,427	3,996,242	4,020,494	4,002,954	3,974,289	3,976,549	3,976,549	3,976,549
Announcement Date	2/4/21	2/3/22	2/2/23	2/6/24	2/5/25	-	-	-