Stock Analysis on Net

Ford Motor Co. (NYSE:F)

Enterprise Value to EBITDA (EV/EBITDA)

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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Ford Motor Co., EBITDA calculation

US$ in millions

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12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income (loss) attributable to Ford Motor Company 5,879 4,347 (1,981) 17,937 (1,279)
Add: Net income attributable to noncontrolling interest 15 (18) (171) (27) 3
Add: Income tax expense 1,339 (362) (864) (130) 160
Earnings before tax (EBT) 7,233 3,967 (3,016) 17,780 (1,116)
Add: Interest expense on Company debt excluding Ford Credit 1,115 1,302 1,259 1,803 1,649
Earnings before interest and tax (EBIT) 8,348 5,269 (1,757) 19,583 533
Add: Depreciation and tooling amortization 7,567 7,690 7,642 7,318 8,751
Earnings before interest, tax, depreciation and amortization (EBITDA) 15,915 12,959 5,885 26,901 9,284

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Ford Motor Co. EBITDA increased from 2022 to 2023 and from 2023 to 2024.

Enterprise Value to EBITDA Ratio, Current

Ford Motor Co., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in millions)
Enterprise value (EV) 157,414
Earnings before interest, tax, depreciation and amortization (EBITDA) 15,915
Valuation Ratio
EV/EBITDA 9.89
Benchmarks
EV/EBITDA, Competitors1
General Motors Co. 7.02
Tesla Inc. 75.62
EV/EBITDA, Sector
Automobiles & Components 27.67
EV/EBITDA, Industry
Consumer Discretionary 23.76

Based on: 10-K (reporting date: 2024-12-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Ford Motor Co., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 156,899 159,948 147,561 160,518 157,639
Earnings before interest, tax, depreciation and amortization (EBITDA)2 15,915 12,959 5,885 26,901 9,284
Valuation Ratio
EV/EBITDA3 9.86 12.34 25.07 5.97 16.98
Benchmarks
EV/EBITDA, Competitors4
General Motors Co. 7.12 6.17 5.96 6.40 7.48
Tesla Inc. 85.66 39.53 30.00 96.39 194.58
EV/EBITDA, Sector
Automobiles & Components 17.43 17.29 20.13 32.21
EV/EBITDA, Industry
Consumer Discretionary 18.14 19.78 21.32 29.33

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 See details »

2 See details »

3 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 156,899 ÷ 15,915 = 9.86

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Ford Motor Co. EV/EBITDA ratio decreased from 2022 to 2023 and from 2023 to 2024.