Forecast Of The Day: Average Price of Honda Automobiles
What?
The Average Price of Honda (NYSE:HMC) Automobiles declined from $19,300 in FY’20 to $17,800 in FY’21 although it recovered strongly to around $20,600 in 2021. Trefis expects the metric to rise marginally in FY’23. Honda’s fiscal year ends March 31.
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 average prices dipped in FY’21, due to the impact of Covid-19, they rose considerably in FY’22 due to higher inflation and the semiconductor shortage, which made Honda prioritize more premium variants.
So What?
We think HMC stock is undervalued at current levels. We value Honda at about $34 per share, 30% ahead of the current market price.
See Our Complete Analysis For Honda
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
| Returns | May 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| HMC Return | -6% | -13% | -16% |
| S&P 500 Return | -3% | -16% | 79% |
| Trefis Multi-Strategy Portfolio | -6% | -22% | 208% |
[1] Month-to-date and year-to-date as of 5/17/2022
[2] Cumulative total returns since the end of 2016
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