TTRAK.E (Turk Traktor ve Ziraat Makineleri AS) vs BIST 100 Comparison

TTRAK.E

BIST 100

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare

TTRAK.E

BIST 100

Difference

1Y 3Y 5Y 10Y 15Y 20Y

TTRAK.E

BIST 100

Add Stock

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare

BIST 100

TTRAK.E

CNHI

6326

TTC

Add Stock

1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare

Turk Traktor ve Ziraat Makineleri AS
Glance View

Market Cap

71B TRY

Industry

Machinery

Turk Traktor ve Ziraat Makineleri AS has cultivated a robust presence in Turkey's agricultural sector since its inception in 1954. As a prominent player in the production and distribution of tractors and agricultural machinery, the company leverages a strategic alliance with global automotive giant CNH Industrial, a partnership that has significantly bolstered its technological capabilities and market reach. With facilities in Ankara and Erenler, Turk Traktor efficiently manufactures a wide range of tractors under the New Holland and Case IH brands—names synonymous with quality in the agrarian world. The synergy between strong brand partnership, modern manufacturing processes, and a deep understanding of the agricultural landscape has allowed the company to meet the evolving needs of farmers, not just locally but also across international borders. The financial lifeline of Turk Traktor is intricately connected to its ability to capitalize on Turkey's pivotal role in agriculture as well as its strategic exports. By focusing on innovation and customer-centric design, the company ensures its machinery aligns with the distinctive needs of different terrains and crops, enhancing farm productivity and efficiency. Simultaneously, it maintains a diverse portfolio ranging from compact models for small-scale farming to robust machinery designed for extensive agricultural operations. Strong distribution networks and after-sales services further fortify its market standing, helping cultivate customer loyalty and recurring revenue. In essence, Turk Traktor thrives on the mechanical backbone it provides to the agricultural community, weaving technological prowess with a legacy of dependability, and thereby reinforcing its role as a cornerstone of modern farming in Turkey and beyond.

View TTRAK.E Analysis

TTRAK.E Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

US		Deere & Co NYSE:DE	Add
UK		CNH Industrial NV MIL:CNHI	Add
JP		Kubota Corp TSE:6326	Add
US		Toro Co NYSE:TTC	Add
US		AGCO Corp NYSE:AGCO	Add
IN		Escorts Kubota Ltd NSE:ESCORTS	Add
SE		Husqvarna AB STO:HUSQ B	Add
CN	F	First Tractor Co Ltd SSE:601038	Add
US		Lindsay Corp NYSE:LNN	Add
IT		Comer Industries SpA MIL:COM	Add

US		Deere & Co NYSE:DE	Select
UK		CNH Industrial NV MIL:CNHI	Select
JP		Kubota Corp TSE:6326	Select
US		Toro Co NYSE:TTC	Select
US		AGCO Corp NYSE:AGCO	Select
IN		Escorts Kubota Ltd NSE:ESCORTS	Select
SE		Husqvarna AB STO:HUSQ B	Select
CN	F	First Tractor Co Ltd SSE:601038	Select
US		Lindsay Corp NYSE:LNN	Select
IT		Comer Industries SpA MIL:COM	Select

US		Deere & Co NYSE:DE	Add
UK		CNH Industrial NV MIL:CNHI	Add
JP		Kubota Corp TSE:6326	Add
US		Toro Co NYSE:TTC	Add
US		AGCO Corp NYSE:AGCO	Add
IN		Escorts Kubota Ltd NSE:ESCORTS	Add
SE		Husqvarna AB STO:HUSQ B	Add
CN	F	First Tractor Co Ltd SSE:601038	Add
US		Lindsay Corp NYSE:LNN	Add
IT		Comer Industries SpA MIL:COM	Add

MX	M	Mexico S&P/BMV IPC INDX:MXX	Add
PK	K	Karachi 100 INDX:KSE100	Add
SA	T	Tadawul All Share INDX:TASI	Add
TH	S	SET Index INDX:SET	Add
ID	J	Jakarta Composite Index INDX:JKSE	Add
GR	A	Athens General Composite INDX:ATG	Add
BR	B	BOVESPA INDX:BVSP	Add
AR	S	S&P Merval INDX:MERV	Add
CZ	P	PX Prague Stock Index INDX:PX	Add
RU	M	MOEX Russia INDX:IMOEX	Add

	Franklin Covey Co NYSE:FC	35.24 USD -2.49%
	Mohawk Industries Inc NYSE:MHK	117.3 USD -0.4%
	Ardmore Shipping Corp NYSE:ASC	12.77 USD 5.54%
	ASGN Inc NYSE:ASGN	86.34 USD 1.25%
	Skyworks Solutions Inc NASDAQ:SWKS	92.66 USD 1.93%
	Weatherford International PLC NASDAQ:WFRD	74.8 USD 1.75%

TTRAK.E

vs

BIST 100

Stocks Performance
TTRAK.E vs BIST 100

Performance Gap
TTRAK.E vs BIST 100

Performance By Year
TTRAK.E vs BIST 100

Competitors Performance
Turk Traktor ve Ziraat Makineleri AS vs Peers

Turk Traktor ve Ziraat Makineleri AS
Glance View

Company

Help

Tools

Stocks

	Johnson & Johnson NYSE:JNJ	146.23 USD 1.79%
	Bank of America Corp NYSE:BAC	46.08 USD 1.5%
	Mastercard Inc NYSE:MA	511.4 USD -0.1%
	Salesforce Inc NYSE:CRM	324.93 USD -1.69%
	Abbvie Inc NYSE:ABBV	179.53 USD -0.32%
	Home Depot Inc NYSE:HD	384.23 USD -1.32%

	Arista Networks Inc NYSE:ANET	115.29 USD -3.1%
	Visa Inc NYSE:V	311.67 USD -0.44%
	Texas Pacific Land Corp NYSE:TPL	1 258.29 USD 2.58%
	KLA Corp NASDAQ:KLAC	689.3 USD -0.14%
	Manhattan Associates Inc NASDAQ:MANH	268.2 USD -1.16%
	Pinduoduo Inc NASDAQ:PDD	100.62 USD 1.62%

	Salesforce Inc NYSE:CRM	324.93 USD -1.69%
	ServiceNow Inc NYSE:NOW	1 054.15 USD -2.13%
	EOG Resources Inc NYSE:EOG	127.56 USD 0.93%
	Copart Inc NASDAQ:CPRT	56.24 USD -0.6%
	Applied Materials Inc NASDAQ:AMAT	177.82 USD 0.19%
	Synopsys Inc NASDAQ:SNPS	487.62 USD -2.68%

	Johnson & Johnson NYSE:JNJ	146.23 USD 1.79%
	Berkshire Hathaway Inc NYSE:BRK.A	678 560 USD 0.29%
	Bank of America Corp NYSE:BAC	46.08 USD 1.5%
	Mastercard Inc NYSE:MA	511.4 USD -0.1%
	UnitedHealth Group Inc NYSE:UNH	514.25 USD 0.11%
	Exxon Mobil Corp NYSE:XOM	108.75 USD 0.94%

TTRAK.E vs BIST 100

Stocks Performance TTRAK.E vs BIST 100

Performance Gap TTRAK.E vs BIST 100

Performance By Year TTRAK.E vs BIST 100

Competitors Performance Turk Traktor ve Ziraat Makineleri AS vs Peers

Turk Traktor ve Ziraat Makineleri AS Glance View

Company

Help

Tools

Stocks

TTRAK.E

vs

BIST 100

Stocks Performance
TTRAK.E vs BIST 100

Performance Gap
TTRAK.E vs BIST 100

Performance By Year
TTRAK.E vs BIST 100

Competitors Performance
Turk Traktor ve Ziraat Makineleri AS vs Peers

Turk Traktor ve Ziraat Makineleri AS
Glance View