Panasonic Corporation (6752.T) – EV battery business remains the corners tone for success

Panasonic Corporation (6752.T)(Q1FY24)

Stock performance: Panasonic stock price showed an upward trend in the past 3-month period and gave a 7% return. The stock price rose by 71% in the past 1-year. The stock has a 52-week high of ¥1,808 and a 52-week low of ¥1,006.5.

Quarter Performance: In Q1FY24, revenue increased 3% to ¥2.02tn as compared to ¥1.97tn in Q1FY23 due to increased sales in Automotive, Connect, and automotive batteries as well as the effect of currency translation, despite decreased sales in Industry.

Guidance: Revenue is expected to be ¥8.5tn for FY24 and net income is expected to be ¥460bn for FY24.

Highlights

Panasonic has recently posted strong earnings in both the automotive and energy sectors.
Additionally, they are experiencing increasing demand for automotive batteries, which play a crucial role in their profit margins. This demand is expected to grow even further with increased production and sales in the United States, leading to the anticipation of additional subsidies under the Inflation Reduction Act (IRA).

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– PE Band Comparison
– 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
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Price Performance

Crispidea Coverage

No of Pages: 36

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