LSE:MTLN.L 9 February 2026

March 25, 2026, 9:32 AM EDT. Ford closed 2025 with record revenue of $187.3 billion, but an $8.2 billion net loss linked to EV-related special charges weighed on earnings. Despite this, the automaker's 2026 adjusted EBIT is forecasted between $8 billion and $10 billion, reflecting cautious optimism. Investors are balancing concerns over ongoing recalls impacting quality sentiment with Ford's new anti-dilutive buyback program authorizing up to 31.7 million shares repurchased. Rising gas prices may further aid Ford's shift toward hybrids and EVs, though Model e continues to lose money. Valuation models using 1.8% revenue growth, 6% operating margins, and a 7.6x P/E multiple suggest Ford stock could reach $16.79 by December 2028, implying a 41.8% total return and a 13.4% annualized gain from current levels.