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Panasonic Holdings Corp 6752

Morningstar Rating
JPY 1,338.00 +13.00 (0.98%)
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Company Report

Panasonic Holdings: We Cut Our Forecasts Due to Sluggish Demand; Market Too Pessimistic on Shares

We have fine-tuned Panasonic’s earnings forecasts and are lowering our operating income forecast for fiscal 2024 (ending March 2025) to JPY 470 billion from JPY 485 billion. The economic slowdown has been affecting several segments. Due to inventory adjustments in the air conditioner business in Europe, we lowered sales forecasts for the lifestyle segment, and due to continued sluggish demand for factory automation equipment, we lowered forecasts for the connect and industry segments.

Price vs Fair Value

6752 is trading at a 20% discount.
Price
JPY 1,366.00
Fair Value
JPY 3,776.00
Uncertainty
Medium
1-Star Price
JPY 6,232.00
5-Star Price
JPY 4,474.00
Economic Moat
Rxddp
Capital Allocation
Wtvcqwvy

Bulls Say, Bears Say

Bulls

Panasonic has plenty of "one-off" earnings and cash flow upside available through exiting unprofitable products.

Bears

Panasonic has too many products, with very few having market leadership.

Is it the right time to buy, sell, or hold?
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News

Trading Information

Previous Close Price
JPY 1,325.00
Day Range
JPY 1,323.501,346.50
52-Week Range
JPY 1,258.501,808.00
Bid/Ask
JPY 1,337.50 / JPY 1,339.00
Market Cap
JPY 3.12 Tril
Volume/Avg
7.6 Mil / 9.8 Mil

Key Statistics

Price/Earnings (Normalized)
6.45
Price/Sales
0.38
Dividend Yield (Trailing)
2.64%
Dividend Yield (Forward)
2.64%
Total Yield
2.62%

Company Profile

Panasonic Holdings is a conglomerate that has diversified from its consumer electronics roots. It has five main business units: lifestyle (white appliances and housing products); automotive (cockpit systems); connect (BtoB businesses); industry (FA products, electronic materials, and devices); and energy (rechargeable batteries). After the crisis in 2012, former president Kazuhiro Tsuga has focused on shifting the business portfolio to increase the proportion of B2B businesses to mitigate the tough competition in consumer electronics products.
Sector
Technology
Industry
Consumer Electronics
Stock Style Box
Large Value
Total Number of Employees
230,025

Competitors

Valuation

Metric
6752
300750
6758
Price/Earnings (Normalized)
6.4516.8918.20
Price/Book Value
0.784.202.16
Price/Sales
0.381.901.26
Price/Cash Flow
5.747.427.54
Price/Earnings
6752
300750
6758

Financial Strength

Metric
6752
300750
6758
Quick Ratio
0.860.47
Current Ratio
1.390.69
Interest Coverage
15.5665.25
Quick Ratio
6752
300750
6758

Profitability

Metric
6752
300750
6758
Return on Assets (Normalized)
6.13%6.11%2.50%
Return on Equity (Normalized)
13.34%22.01%11.52%
Return on Invested Capital (Normalized)
8.53%11.60%6.73%
Return on Assets
6752
300750
6758
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PCRFF
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PCRHY
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