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Honda Motor (TSE:7267) Could Be 23% Undervalued As Magnet Bet Raises Bigger Questions
Honda Motor (TSE:7267) has moved beyond vehicles into materials technology, backing Niron Magnetics, a US developer of rare-earth-free iron nitride magnets, as industries reassess their reliance on China for critical magnet supplies.
Honda Motor's recent backing of Niron Magnetics comes as the stock trades at ¥1,689, with a 90-day share price return of 19.6% and a 1-year total shareholder return of 8.6%. This suggests momentum has picked up in the short term, while long-term holders have seen...