HMC
Honda Motor ADR (NYSEARCA: HMCM) delayed the start-up of its Canada battery materials plant to 2029 or...
Article Summary
HOLD- Honda Motor ADR (NYSEARCA: HMCM) delayed the start-up of its Canada battery materials plant to 2029 or later after Honda Motor deferred its Ontario EV plans, according to Nikkei Asia.
- The Japanese materials supplier is building the facility in Ontario to make battery separators, a core component used in lithium-ion batteries, with operations initially targeted for mid-2027.
- The plant was designed to have annual production capacity of about 700 million square meters, equivalent to batteries for electric vehicles, with Asahi Kasei unveiling the project in April 2024.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -0.7% | 25% | 0.0 ptsDeclining (-0.7%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 1.0% | 25% | 10.0 ptsVery Weak (1.0%) - Minimal expectations |
| Target Price Upside ? | 16.3% | 20% | 60.0 ptsModerate Upside (16.3%) - Target: $28.24 vs Current: $24.29 |
| Gross Margin % ? | 20.5% | 15% | 40.0 ptsModerate (20.5%) - Adequate margins |
| Drawdown from 52-Wk High ? | -30.4% | 15% | 80.0 ptsSolid Dip (-30.4%) - Good entry zone |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About HMC
- 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.
- The Automobile Business segment offers passenger cars, light trucks, and mini vehicles.
- The Financial Services Business segment provides various financial services, including retail lending and leasing services to customers, as well as wholesale financing services to dealers.
- The Power Product and Other Businesses manufactures and sells power products, such as general-purpose engines, lawn mowers, generators, water pumps, brush cutters, and tillers.
- This segment also offers HondaJet aircraft. The company also sells spare parts; and provides after-sales services through retail dealers directly, as well as through independent distributors and licensees.
- Honda Motor Co., Ltd. was founded in 1946 and is headquartered in Tokyo, Japan.