F - Can Ford Become a $100 Billion Company Once Again?
2024-05-07 04:16:00 ET
To say that Ford Motor Company (NYSE: F) hasn't been a worthwhile investment would be putting it lightly. Even if you include dividends, this car manufacturer's total return has lagged the broader S&P 500 in the last three-, five-, and 10-year periods.
But this auto stock has had periods of strong performance. Shares skyrocketed 136% in 2021 as they were on the recovery path following the quick pandemic dip. After this monumental gain, Ford's market cap briefly exceeded $100 billion in early 2022.
It's been a disappointing journey since then, as that valuation has virtually been cut in half, today at $50 billion (as of May 2). Ford's bulls must be wondering if the business can ever get back to the $100 billion mark again.
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Can Ford Become a $100 Billion Company Once Again?