Honda Motor Co., Ltd. (7267.T) – Honda’s Results Shift Gears as China’s EV Market Accelerates

Honda Motor Co., Ltd. (7267.T) (Q1FY24)

Stock Performance: Over the past 3 years, Honda Motor generated returns of 97% where the stock price surged from ¥853.67 in Oct 13, 2020 to ¥1,682.5 in Oct 13, 2023. The stock had a 200-Day Moving Average of ¥1,338.08 and a 50-Day Moving Average of ¥1,615.14.

In the past 1 year, the price increased by 55% to ¥1,682.5 in Oct 13, 2023 from ¥1,088.67 in Oct 18, 2022. The stock had a 52 Week High of ¥1,821 and a 52 Week Low of ¥996.83.

Over the past 3 months, Honda generated returns of 20% where the stock price surged from ¥1,406.67 in Jul 18, 2023 to ¥1,682.5 in Oct 13, 2023.

Quarter Performance: In Q1FY24, Honda’s revenue increased by 21% to ¥4.62tn from ¥3.83tn in Q1FY23 and the COGS increased by 18% to ¥3.63tn from ¥3.06tn in the same period.

Guidance: For FY24, Honda expects its sales to be around ¥18.2tn and an operating profit of around ¥1tn. The company expects an EPS of ¥489.41 for FY24.

Highlights

Honda announced at the meeting of the Board of Directors held on Aug 09, 2023, that the company resolved to implement a stock split, and accordingly change in the ratio of American Depository Receipts (ADRs) to underlying shares, revise dividend forecast and modify acquisition of own shares program.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 34

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