Forecast Of The Day: Average Revenue Per Toyota Vehicle
What?
The Average Revenue Per Toyota (NYSE:TM) Vehicle rose from $28,000 in FY’20 to almost $32,000 in FY’22. Trefis expects the number to drop slightly to around $31,000 in FY’23.
Why?
- Down 20% Over The Last Month, Is Toyota Stock Attractive?
- Hybrids Will Drive Toyota’s Q1 Earnings
- With Hybrid Sales Surging, Is Toyota Stock Attractive At $230?
- With EV Plans Taking Shape, What’s Next For Toyota Stock?
- Toyota Stock Looks Like A Buy Despite Tepid Guidance
- Why Toyota Stock Looks Like A Buy Despite Mixed Earnings
Toyota’s average pricing over FY’20 and FY’21 benefited from the company prioritizing SUVs and more premium vehicles amid supply chain issues. However, we expect currency effects and a potential global slowdown to hurt average pricing this year.
So What?
However, we think that Toyota stock is undervalued. We value TM at $210 per share, about 30% ahead of the current market price.
See Our Complete Analysis For Toyota
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] |
| TM Return | -6% | -13% | 38% |
| S&P 500 Return | -3% | -16% | 80% |
| Trefis Multi-Strategy Portfolio | -4% | -20% | 218% |
[1] Month-to-date and year-to-date as of 5/16/2022
[2] Cumulative total returns since the end of 2016
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