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Honda Motor Co., Ltd.NYSE:HMC Stock Report

Market Cap US$35.1b
Share Price
US$26.71
US$28.22
5.4% undervalued intrinsic discount
1Y-8.8%
7D0.9%
1D
Portfolio Value
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Honda Motor Co., Ltd.

NYSE:HMC Stock Report

Market Cap: US$35.1b

Honda Motor (HMC) Stock Overview

Develops, manufactures, and distributes motorcycles, automobiles, and power products in Japan, North America, Europe, Asia, and internationally. More details

HMC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends4/6

HMC Community Fair Values

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Honda Motor Co., Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Honda Motor
Historical stock prices
Current Share PriceJP¥26.71
52 Week HighJP¥34.89
52 Week LowJP¥23.25
Beta0.29
1 Month Change8.98%
3 Month Change-3.01%
1 Year Change-8.78%
3 Year Change-16.03%
5 Year Change-18.57%
Change since IPO2,729.93%

Recent News & Updates

Seeking Alpha May 18

Honda Motor's Pivot From BEVs Likely To Hurt Shareholder Returns For Extended Period

Summary Honda Motor Co., Ltd. faces a humbling annual loss and a strategic pivot from BEVs to hybrids amid weak demand and regulatory uncertainty. HMC will introduce 15 gas-electric hybrid models over four years, localizing U.S. hybrid component sourcing to improve profitability and reduce tariffs. Management forecasts a return to operating profitability by March 2025 and a record $8.8B operating profit in FY2029, following a $2.6B FY2026 loss. I assign HMC a Hold rating, reflecting brutal global competition, regulatory headwinds, and uncertain turnaround prospects despite a 5% dividend yield. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha May 18

Honda Motor's Pivot From BEVs Likely To Hurt Shareholder Returns For Extended Period

Summary Honda Motor Co., Ltd. faces a humbling annual loss and a strategic pivot from BEVs to hybrids amid weak demand and regulatory uncertainty. HMC will introduce 15 gas-electric hybrid models over four years, localizing U.S. hybrid component sourcing to improve profitability and reduce tariffs. Management forecasts a return to operating profitability by March 2025 and a record $8.8B operating profit in FY2029, following a $2.6B FY2026 loss. I assign HMC a Hold rating, reflecting brutal global competition, regulatory headwinds, and uncertain turnaround prospects despite a 5% dividend yield. Read the full article on Seeking Alpha
Seeking Alpha Mar 28

Honda: Tariff Impact Not Priced In (Rating Downgrade)

Summary Honda faces significant risk from potential US tariffs, which could decrease EBITDA by up to 32% in a worst-case scenario. Three scenarios predict varying impacts on HMC's EBITDA, with the best-case a 10% decrease, assuming the Canada & Mexico production can be sold to other markets. The current valuation and consensus estimates do not reflect the potential tariff impact, making Honda shares a risky bet against tariff uncertainties. My Base case, in the event of a 25% tariff, points to a US$30 price, a worst-case scenario of US$17, and a best-case scenario of US$32. Read the full article on Seeking Alpha
Seeking Alpha Feb 10

Honda Innovates To Overcome Uncertain Battery Electric Vehicle (BEV) Demand

Summary Honda is developing new BEV models with a flexible manufacturing system to adapt to market demands for hybrids, BEVs, and ICE vehicles. The company aims to produce BEVs exclusively by 2040, starting with the Acura RSX BEV from its revamped Marysville, Ohio, plant. Despite a decline in global vehicle production, Honda's flexible EV Hub strategy and strong hybrid sales in the U.S. improve its outlook. Given Honda's manufacturing innovation and the end of merger talks with Nissan, I'm raising my recommendation on Honda Motor to a Hold. Read the full article on Seeking Alpha
Seeking Alpha Jan 09

Honda And Nissan's $58 Billion Merger Warrants Cautionary Approach From Investors

Summary Honda and Nissan’s planned merger, set for 2026, is risky due to potential integration issues and historical failures of similar mergers. Honda, the financially stronger entity, will dominate, leading to potential conflicts and redundancies in product lines and corporate culture. Historical examples like DaimlerChrysler and Stellantis highlight the challenges and frequent failures of automotive mergers due to cultural clashes and strategic misalignments. Investors should avoid or sell shares in both companies until clearer benefits and synergies from the merger are demonstrated. China's fast-rising automotive industry poses an obstacle and threat to the successful merger of the two Japanese companies. Read the full article on Seeking Alpha
Seeking Alpha Dec 19

Crisis In Japanese Car Industry: Honda And Nissan To Merge?

Summary Possible merger by Honda and Nissan won’t change the crisis in Japan as it resists electrification of transport. Japan’s adoption of fully electric cars in 2024 is ~2% of sales, while China’s BEV sales in 2024 account for ~30% of new car sales. Honda faces competition in its motorcycle business from electric 2-wheeler leader Yadea. Investors should be cautious; Japanese car companies show poor stock performance compared to global benchmarks, indicating potential risks despite loyal customer bases. Read the full article on Seeking Alpha
Seeking Alpha Sep 05

Honda Motor: A Cheap Price For A Strong Earner

Summary Honda Motor Co. is trading at a significant discount with a price/book value of 0.63 and a P/E ratio of 6.80. Despite industry changes, Honda's strong earnings growth and low valuation metrics make it a compelling value investment. Dividends are attractive but inconsistent, with a yield over 4%, dependent on continued strong earnings and potential capital reallocation to electric vehicles. Rated a buy due to profitability and value, though uncertainty around electric vehicles tempers a strong buy recommendation. Read the full article on Seeking Alpha
Seeking Alpha Apr 09

Honda Motor Co. Is Priced At A Steep Discount To Intrinsic Value

Summary Honda's stock is deeply undervalued relative to its fundamentals, with a P/TBV ratio of 0.74 and P/FCF ratio of 5.83. The company is consistently profitable and FCF-positive, and there's little reason to expect this to change anytime soon. With the stock trading at a discount to TBV, the business's current and future profits are a windfall for investors. Additionally, Honda's brand value is an unaccounted-for hidden asset. Defying the skeptics, Honda's focus on hybrid vehicles is currently demonstrating success and resilience, with strong sales growth amid ongoing carnage in the fully-electric BEV market. Read the full article on Seeking Alpha
Seeking Alpha Feb 24

Honda Motors: Buybacks Continue, Major U.S. Contribution In The Mix

Summary Honda Motors is experiencing real growth in unit margins thanks to substantial homegrown production and parts sourcing amid a weak Yen and strong USD environment. The US market is showing strong growth for Honda in unit sales, growing in the mix and creating strong positive mix effects. While some SE Asian markets are a bit weaker in automobile, China is finally done with troughing, and should stop being such a drag going forward. Buybacks are also proceeding nicely, and with substantial liquidity to support them, there's a good chance they continue and drive capital efficiency. Multiple remains low and offers good earnings yields ahead of prevailing rates that have a strong chance of growing. Read the full article on Seeking Alpha
Seeking Alpha Dec 28

Honda: R&D In EV Initiatives, Expecting Recovery In 2024, And Very Cheap

Summary Honda's recent lower revenue is offset by beneficial deals in the EV industry and R&D efforts in the growing EV sector. Expectations for 2024 include single-digit revenue increases and improved operating profit. Honda's healthy balance sheet and declining debt, along with its electrification efforts, could drive demand for the stock. Read the full article on Seeking Alpha
Seeking Alpha Oct 16

Charging Forward: Honda's Strategy For Sustained Growth

Summary Honda's share price has dipped by 13.7% in the last 15 days, providing a buying opportunity for investors. Honda's strong Q4 performance, access to the largest charging network in North America, and successful R&D efforts indicate future growth. Honda's manufacturing efficiency, research and development, and expansion into electric and alternative fuels give them a competitive advantage in the industry. Read the full article on Seeking Alpha
Seeking Alpha Sep 25

Honda Motor: Stable Prospects But Auto Segment A Question Mark

Summary Q1 2024: Revenues and profits up, and margins increase. New EV motorcycle plan may help support earnings growth and defend market share. Anticipated EV launch may stem market share losses, but Honda is up against arguably stronger competitors. Read the full article on Seeking Alpha
Seeking Alpha Jul 18

Honda: Bumpy Road To A Sustainable Future

Summary Honda Motor Co., Ltd. is a global manufacturer of automobiles, motorcycles, and power equipment. Honda has improved financially but is facing major issues commercially in the coming years, with growth expected to slow. The business has lost ground in the EV development transition, seeking to catch up quickly in the coming 7 years. We are concerned that the Chinese manufacturers in particular will take market share as they expand globally. Relative to peers, Honda underperforms and so despite being priced cheaply, we consider it a hold. Read the full article on Seeking Alpha
Seeking Alpha Feb 10

Honda Motor reports Q3 results, updates FY23 sales outlook

Honda Motor press release (NYSE:HMC): Q3 Net profit ¥244.6B Revenue of ¥4.44T (+20.3% Y/Y). Forecasts for the Fiscal Year Ending March 31, 2023 (FY23):  Sales revenue: 17,250.0 billion yen ( prior view ¥17,400B, a downward revision of the previously announced forecast by 150.0 billion yen) Operating profit: 870.0 billion yen (no change from the previously announced forecast) Profit for the fiscal year attributable to owners of the parent: 725.0 billion yen (no change from the previously announced forecast)   Shares -1.18% PM.
Seeking Alpha Feb 01

American Honda reports double digit sales growth in January

Honda Motors (NYSE:HMC) reported U.S. sales advanced 14.3% Y/Y to 84,514 units in January aided by stronger inventory. Car sales +20.8% Y/Y and trucks sales +10.8% Y/Y for the month. Sales in the Honda division up 10% Y/Y to 75,026 units: Cars +14% Y/Y and Trucks +7.7% Y/Y. Acura sales for the month jumped 66% Y/Y to 9,488 units: Cars +151% and Trucks +41.7%. Sales of electrified vehicles expanded 84.8% to 11,479 units. Last week, the company announced its plan to create a new division to strengthen and speed up electrification business. Looking at the stock action, HMC declined more than 14% over the period of one year, but bounced back with ~8% growth so far this year. Source Also read: Honda Vs. Tesla: Buy Deep Value Or Buy The Future?
Seeking Alpha Jan 13

LG Energy Solution and Honda enter JV for battery production

LG Energy Solution and Honda Motor (NYSE:HMC) establish joint venture which will produce lithium-ion batteries for electric vehicles produced by Honda. The JV will begin construction of a new battery plant early this year with the goal of completion by the end of 2024 and starting mass production of advanced lithium-ion battery cells by the end of 2025. The plant aims to have an annual production capacity of ~40GWh. LGES and Honda have committed to investing $3.5B and creating 2,200 jobs to establish the new production facility. The companies' overall investment related to the JV is projected to reach $4.4B.
Seeking Alpha Jan 03

Honda Vs. Tesla: Buy Deep Value Or Buy The Future?

Summary I'll present a case study on how Toyota grew profits 22% per annum from 1995 to 2005, but saw its stock grow at just 7% per annum. While EVs have been the cool place to be, Honda's dominance in the motorcycle market goes unnoticed. Tesla's profit margins could shrink as cheaper EVs come online. Making a case for intellectual humility, I argue for owning Honda's deep value over Tesla's futuristic promise. The Thesis Tesla's (TSLA) stock is up 600% over the past five years, while Honda's (HMC) stock is down 33%. Going forward, I see a changing of the tides. In the decade ahead, I project total returns of 5% per annum for Tesla and 13% per annum for Honda. A Toyota Case Study History holds important insights that we can use to make judgements about the future. Let's take a look at the history of Toyota (From 1995-2005), and compare it to Tesla today. In 1995, everyone could see that Toyota was about to crush American automakers. And, over the next 10 years, it did. The company was selling reliable, fuel efficient cars at an affordable price. The problem was, this was already baked into the price. Toyota traded at a P/E of about 45x in 1995. Over the next 10 years, Toyota went on to grow profits at 22% per annum despite much slower revenue growth. It did this by increasing its profit margin from 1.6% to 6.7%: Data by YCharts Despite this terrific financial performance, the market began pricing in slower growth and cyclicality in 2005. Toyota's P/E decreased from 45x to just 12x: Data by YCharts This is called multiple contraction and it has a real effect on stock prices. Toyota's net income increased seven fold, but its stock increased less than two fold (Gaining just 7% per annum). Unbelievable, right? Data by YCharts This is very reminiscent of Tesla (TSLA) today. But, Tesla has one problem Toyota didn't, it sells luxury cars at an enormous premium. Tesla has a 15% profit margin, which is extremely stretched for the auto industry. Luxury car companies like Tesla, Mercedes-Benz (MBGYY), and BMW (BMWYY) have seen their profit margins explode over the past three years: Data by YCharts This is likely to reverse, in my opinion. Tesla will find it difficult to expand profit margins like Toyota did. You see, Toyota was gaining share rapidly by selling reliable cars, at a cheap price. Once cheaper EVs enter the market, Tesla's profit margins may need to fall in order to maintain sales growth in line with investors' expectations. I don't see Tesla growing profits at 22% per annum like Toyota did. Deep Value Investing - An Exercise In Humility Deep value investing is essentially about saying, "I don't know what the future holds, but I can still get an outsized return." Let's not forget, in the above exercise, we were talking about the most successful car company of our generation in Toyota. Will Tesla hold a leading EV market share in 10 years' time? I have no idea. Thus, I'd rather buy a company like Honda (HMC), which sells for half its tangible book value (The value of hard assets owned by you, the shareholder) and has an investment grade credit rating. In Honda's diversified business, you can be almost certain you'll recover your principal. Honda has a P/E of 8.5x and a price to tangible book of 0.5x. If you bought Tesla's entire business for $380 billion, would you recover your principal? Let's hope so. Why Buy Honda Over Tesla? Honda dominates the motorcycle market, much like Tesla dominates in EVs. Honda has a mid-teens operating margin in motorcycles, while Tesla has a mid-teens operating margin in EVs. But, Honda's dominated its market for decades, displaying a durable competitive advantage, whereas Tesla's merely dominated its market for years, due to a first-mover advantage. Yes, Honda is cheaper for a reason. Its overall margins and returns on equity are much lower than Tesla's: Data by YCharts But, I'd expect Tesla's profitability numbers to get worse from here, and Honda's to improve. Howard Marks said in a recent interview, "Anytime there are [high] expectations, which don't come true, the market is likely to have a very strong reaction." Likewise, when expectations are extremely low and something positive happens, the market tends to react in a big way (In the opposite direction). Thus, I like to own things where expectations are low. Should Honda improve its return on equity (ROE) to 10%, a very achievable feat, its stock would likely surge. This is because the market expects next to nothing of Honda. Likewise, if Tesla's ROE were to decline to 20%, its stock would surely get crushed. The market still expects exceptional profitability and growth from Tesla. Honda Vs. Tesla - The Businesses Honda Motor Corp Honda's Business Segments: Honda's Business Segments (2022 Annual Report) Honda sells a lot of cars, but makes a comparatively low amount of profits from doing so. Honda's real profits come from its Motorcycle segment. This is because Honda has a terrific market share in Motorcycles: Global Motorcycle Market Share (2022) (Statista) In emerging market countries like India, motorcycles and mopeds are the choice method of transportation, and, this is unlikely to change in the decades ahead. Also worth mentioning is Honda's financial services segment. Traditional auto companies operate these segments to help customers finance their new car purchase. This makes it look like these companies have a lot debt, but this debt is also an asset, sort of like a bank. It gets really complex, so I'd recommend deferring to the experts at Moody's or Fitch, the latter gave Honda a credit rating of A (Investment Grade). In other words, Honda has a fairly strong balance sheet. Tesla Inc Tesla is still a car company first. To simplify, Tesla's revenue comes from two sources, automotive (EVs) and energy generation and storage (Energy). The energy part of the business represents only 5% of revenue. 95% of the TSLA's revenue still comes from automotive sales and its related products. Below is a breakdown of Tesla's Revenue for the 3rd quarter: Tesla's Revenue By Segment, Q3 2022 (Tesla 10-Q) Over the past couple years, Tesla's been losing market share. Namely to BYD Co. (BYDDF): Global EV Market Share (Counterpoint) Prospective Returns Honda Motor Corp Over the past couple years, global auto sales have been depressed due to supply chain issues and shortages. At the same time, profit margins have been stretched. But, Honda's automobile segment hasn't taken part in these stretched margins. Honda earns a low margin on its auto sales, much like Toyota did in 1995. The company's a cyclical, slow growth business, but has managed to grow its earnings per share at 4.2% per annum since 2000. Honda slowly but surely reduces its share count to achieve this growth. Data by YCharts Given Honda's strong position in motorcycles (A market expected to grow at 7.4% per annum) and quality reputation, there's little reason to believe Honda can't maintain this growth. I actually expect Honda to increase its growth slightly due to the amount of shares it can buy back at these cheap prices, and the potential for margin expansion in its auto business. For this fiscal year, the company should have a dividend yield of about 4.3%. Honda said: "With respect to dividends, the Company will strive to pay stable and continuous dividends aiming at a consolidated dividend payout ratio of approximately 30%. The Company may also acquire its own shares at a timing that it deems optimal."
Seeking Alpha Nov 09

Honda Motor reports FQ2 results; raises FY23 earnings guidance

Honda Motor press release (NYSE:HMC): FQ2 Net income of ¥189.2B. Revenue of ¥4255.7B (+25.0% Y/Y). Forecasts for the Fiscal Year Ending March 31, 2023 (FY23): Sales revenue: ¥17,400B (prior ¥16,750B, an upward revision of the previously announced forecast by 650 billion yen). Operating profit: ¥870B (prior ¥830B, an upward revision of the previously announced forecast by 40 billion yen). Profit for the fiscal year attributable to owners of the parent: ¥725B (prior 710 billion yen, an upward revision of the previously announced forecast by 15 billion yen).
Seeking Alpha Nov 01

American Honda October sales down 16% Y/Y

Honda Motors (NYSE:HMC) reports U.S. sales fell 16% Y/Y to 81,545 units in October. Car sales -17.5% Y/Y and trucks sales -15.2% Y/Y for the month. Sales in the Honda division down 16.8% Y/Y to 69,031 units: Cars -24.8% Y/Y and Trucks -12.4% Y/Y. Acura sales for the month -9.1% Y/Y to 9,136 units: Cars +122.6% and Trucks -33.8%. Sales of electrified vehicles plunged 3.5% to 8,186 units. On YTD basis, sales declined 20.33%. HMC is at high risk of cutting its dividend. Learn why
Seeking Alpha Oct 06

Honda Motor to cut car output by 40% at two Japanese plants in October

Honda Motor (NYSE:HMC) announced to cut its production by up to 40% at two Japanese plants for the rest of October from its earlier plans - Reuters. Sighting the logistical and supply chain issues, two lines at Suzuka plant in western Japan will cut production by about 20% in October, while assembly plant in Saitama prefecture, north of Tokyo, will lower production plans by about 40% for the month. The company said last month it would cut vehicle production at Suzuka by 40% and Saitama by 30% in early October. Last week, rival Toyota Motor (TM) lowered its October production target by 6.3% to about 750,000 vehicles due to chip shortage. This announcement came about a week after it had lowered the production target for that month to around 800,000, about 100,000 short of its average monthly production plan. Honda (HMC) did not revise its plans to penetrate the EV market.
Seeking Alpha Sep 22

Honda Motor to cut production by 40% at two Japanese plants in early October

Honda Motor (NYSE:HMC) said on Thursday it would reduce car output by up to 40% at two Japanese plants in early October due to ongoing supply chain and logistical issues - Reuters. Two lines at company's Suzuka plant in western Japan will cut production by about 40% in early October, while its assembly plant in Saitama prefecture, north of Tokyo, will cut production plans by about 30% for the period. The company also said that it would cut vehicle production at Saitama by about 40% and at Suzuka by about 20% for the rest of September. Delays in receiving parts and logistics on COVID-19 outbreaks and semiconductor shortages will affect a variety of vehicles, including the Vezel sports utility vehicle, Stepwgn minivan and Civic compact car. Also last month, the company revealed plans to cut down production plans by up to 40% in Japan early in September due to persistent supply chain and logistical issues.
Seeking Alpha Sep 01

American Honda August sales down 37.7% Y/Y

Honda Motors (NYSE:HMC) reports U.S. sales fell 37.7% Y/Y to 71,461 units in August. Car sales -46.9% Y/Y and trucks sales -32.6% Y/Y for the month. Sales in the Honda division down 56.5% Y/Y to 69,031 units: Cars -67.7% Y/Y and Trucks -48.6% Y/Y. Acura sales for the month -47.3% Y/Y to 7,537 units: Cars -42.1% and Trucks -49.1%. Sales of electrified vehicles plunged 29.6% to 6,811 units. On YTD basis, sales declined 40.1%. HMC is at high risk of cutting its dividend. Learn why
Seeking Alpha Aug 25

Honda Motor to cut production by 40% in Japan due to supply chain disruptions

Honda Motor (NYSE:HMC) plans to cut down production plans by up to 40% in Japan early in September due to persistent supply chain and logistical issues - Reuters. Assembly plant in Saitama prefecture, north of Tokyo, will cut production by about 40% early next month. Two lines at its Suzuka plant in western Japan will reduce production plans by about 30% in early September. The company said that the Saitama plant and the Suzuka plant would cut production by about 10% and 30%, for the rest of the month. Delays in receiving parts and logistics due to COVID-19 and semiconductor shortages will affect production of a variety of vehicles such as the Vezel sports utility vehicle, the Stepwgn minivan and the Civic compact car. The company is also considering to build a supply chain outside of China to reduce its dependence on China due to the COVID lockdowns that have slowed or stopped the supply chain over the last several years. The company's rival, Toyota Motor (TM) remained bullish on its production plan, maintaining its record 9.7M global vehicle production target for the current financial year ending in March 2023 and saying production and sales outlook would improve from August onwards. Toyota said this month it expected to produce about 850,000 vehicles globally in September and would seek to raise production through November, depending on supplies of parts and personnel.
Seeking Alpha Aug 10

Honda Motor GAAP EPS of ¥87.23, revenue of ¥3829.55B; raises FY23 guidance

Honda Motor press release (NYSE:HMC): FQ1 GAAP EPS of ¥87.23. Revenue of ¥3829.55B (+6.9% Y/Y). Forecasts for the Fiscal Year Ending March 31, 2023 (FY23): Sales revenue: 16,750 billion yen (upward revision of the previously announced forecast by 500 billion yen). Operating profit: 830 billion yen (upward revision of the previously announced forecast by 20 billion yen). Profit for the fiscal year attributable to owners of the parent: 710 billion yen (no change from the previously announced forecast).
Seeking Alpha Aug 02

American Honda July sales down 47% Y/Y

Honda Motors (NYSE:HMC) reports U.S. sales fell 47.4% Y/Y to 71,235 units in July. Car sales -61.3% Y/Y and trucks sales -38.9% Y/Y for the month. Sales in the Honda division down 46% Y/Y to 65,162 units: Cars -62.3% Y/Y and Trucks -35.6% Y/Y. Acura sales for the month -59.1% Y/Y to 6,073 units: Cars -50.8% and Trucks -63%. Sales of electrified vehicles top 6,500 units led by CR-V Hybrid and Accord Hybrid. On YTD basis, sales declined 40.4%. HMC is at high risk of cutting its dividend. Learn why

Shareholder Returns

HMCUS AutoUS Market
7D0.9%-6.2%-3.3%
1Y-8.8%20.6%22.3%

Return vs Industry: HMC underperformed the US Auto industry which returned 30.2% over the past year.

Return vs Market: HMC underperformed the US Market which returned 22.5% over the past year.

Price Volatility

Is HMC's price volatile compared to industry and market?
HMC volatility
HMC Average Weekly Movement4.4%
Auto Industry Average Movement9.1%
Market Average Movement7.2%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: HMC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: HMC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1946195,109Toshihiro Mibewww.honda.co.jp

Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, and power products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces motorcycles, including sports, business, and commuter models; and various off-road vehicles, such as all-terrain vehicles and side-by-sides.

Honda Motor Co., Ltd. Fundamentals Summary

How do Honda Motor's earnings and revenue compare to its market cap?
HMC fundamental statistics
Market capUS$35.05b
Earnings (TTM)-US$2.64b
Revenue (TTM)US$135.88b
0.3x
P/S Ratio
-13.3x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HMC income statement (TTM)
RevenueJP¥21.80t
Cost of RevenueJP¥18.19t
Gross ProfitJP¥3.60t
Other ExpensesJP¥4.03t
Earnings-JP¥423.94b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-108.91
Gross Margin16.53%
Net Profit Margin-1.94%
Debt/Equity Ratio111.0%

How did HMC perform over the long term?

See historical performance and comparison

Dividends

4.8%
Current Dividend Yield
-66%
Payout Ratio

Does HMC pay a reliable dividends?

See HMC dividend history and benchmarks
When do you need to buy HMC by to receive an upcoming dividend?
Honda Motor dividend dates
Ex Dividend DateMar 30 2026
Dividend Pay DateJun 16 2026
Days until Ex dividend72 days
Days until Dividend pay date6 days

Does HMC pay a reliable dividends?

See HMC dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/09 10:56
End of Day Share Price 2026/06/09 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Honda Motor Co., Ltd. is covered by 35 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kei NihonyanagiBarclays
Masahiro AkitaBernstein
James KanBNP Paribas