Forecast Of The Day: Honda Automobile Units Sold

-2.38%
Downside
33.24
Market
32.45
Trefis
HMC: Honda Motor logo
HMC
Honda Motor

What?

Honda’s (NYSE:HMC) Automobile Units Sold declined from around 5.3 million in 2019 to about 4.55 million in 2021 (FY ends March). Trefis expects the metric to recover a bit to about 4.8 million units in 2022 and to 4.9 million in 2023.

Why?

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While Honda has faced some headwinds due to the Covid-19 pandemic and the semiconductor shortage, we expect things to recover a bit from 2021.

So What?

We think the recovery in demand isn’t priced into Honda stock yet. We value Honda at about $38 per share, about 30% ahead of the current market price.

See Our Complete Analysis For Honda

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Returns Jan 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 HMC Return 3% 3% 0%
 S&P 500 Return -1% -1% 110%
 Trefis MS Portfolio Return -5% -5% 273%

[1] Month-to-date and year-to-date as of 1/6/2022
[2] Cumulative total returns since the end of 2016

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