Forecast Of The Day: Honda Automobile Units Sold
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?
- Will Honda’s Undervalued Stock Rise Following Q1 Results?
- Can Hybird Focus And Buybacks Push Honda Stock Up By 20% ?
- Growth Of Chinese EV Players A Looming Threat For Honda Stock?
- What’s Happening With Honda Stock?
- Honda Stock Looks Like A Buy Following Strong Q3 Results
- Is Honda Stock A Buy As Motorcycle Business Shines?
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