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Honda Motor Co Ltd ADR - Stock Quote HMC

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Morningstar's Honda Motor Co Ltd ADR Stock Analysis

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Honda Finishes Fiscal 2022 on Solid Ground but Raw Materials Costs Key Variable for Fiscal 2023

Analyst Note

| David Whiston, CFA, CPA, CFE |

Honda reported fiscal 2022 fourth-quarter results that like the rest of the industry showed headwinds from rising materials cost but EPS of JPY 73.02 still beat the Refinitiv consensus of JPY 59.00. The yen has weakened against the dollar by about 14% since our last model update which creates favorable profit forecasts all else constant, but also causes a significant currency translation headwind for our U.S. dollar fair value estimate because our model is in yen. We are lowering our dollar fair value estimate for the dollar shares by 5.7% to $33 but we are raising our Tokyo exchange share fair value estimate by 7.5% to JPY 4,300.

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Honda Motor Co Ltd ADR's Company Profile

Business Description

Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Honda sold 21.1 million cars and motorcycles in fiscal 2022 (4.1 million of which were autos), and consolidated sales were JPY 14.6 trillion. Automobiles constitute 63% of revenue and motorcycles 15%, with the rest split between power products and financial services. Honda also makes robots and private jets.

Number 1-1, Minami-Aoyama 2-chome, Minato-ku
Tokyo, 107-8556, Japan
T +81 334231111
Sector Consumer Cyclical
Industry Auto Manufacturers
Most Recent Earnings Mar 31, 2022
Fiscal Year End Mar 31, 2023
Stock Type
Employees 204,035

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