Value Sense
HMC
Honda Motor Co., Ltd. (HMC)
Last Price$27.5(1.0%)
Market Cap$43.7B
LTM Revenue
$143.7B
+12.2% YoY
LTM Net Income
$6,889.3M
+6.2% YoY
LTM Net Debt
($33.2B)
Net Debt to FCF - 23.6x
LTM Free Cash Flow (FCF)
($1,462.6M)
(1.0% margin)

HMC Income Statement

HMC Income Statement Overview

Annual
Quarterly
LTM
Mar'15
Mar'16
Mar'17
Mar'18
Mar'19
Mar'20
Mar'21
Mar'22
Mar'23
Mar'24
Revenue
$141.6B 20.8% YoY
Gross profit
$29.5B 27.8% YoY
20.8% margin
Cost of revenue
$112.1B 19.1% YoY
Operating income
$9,578.7M 64.6% YoY
6.8% margin
Other: $246.2M
Net interest: $790.6M
Operating expenses
$21.0B 21.6% YoY
Pre-tax income
$10.6B 63.2% YoY
7.5% margin
Net income
$7,674.0M 70.0% YoY
5.4% margin
Income tax
$3,186.9M
30.0% tax rate
R&D
$5,329.0M (12.7%) YoY
3.8% of revenue
SG&A
$14.6B 30.7% YoY
10.3% of revenue

HMC Income statement key metrics

Annual
Quarterly
LTM

Revenue

$141.6B +20.8% YoY

Operating Income

$9.6B +64.6% YoY

Net Income

$7.7B +70.0% YoY

HMC Balance Sheet

HMC Balance Sheet Overview

Annual
Quarterly
LTM
Mar'15
Mar'16
Mar'17
Mar'18
Mar'19
Mar'20
Mar'21
Mar'22
Mar'23
Mar'24
Assets
Liabilities
Total assets
$196.7B
Current assets ($78.4B, 39.9% of total)
Cash & ST investments
$34.3B (17.4%)
Accounts receivables
$25.1B (12.8%)
Other current assets
$19.1B (9.7%)
Non-current assets ($118.3B, 60.1% of total)
Long-term investments
$51.5B (26.2%)
Intangible assets
$6,604.9M (3.4%)
Other non-current assets
$4,446.0M (2.3%)
Financial position
Net Debt
$32.4B
$34.3B$66.6B
Cash & Short-term Investments
Total Debt
Quick ratio
1.1x
Net Debt to Free Cash Flow
35.4x
Debt to Equity ratio
77.5%

HMC Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$196.7B +20.7% YoY

Liabilities

$110.8B +27.8% YoY

Shareholder's Equity

$85.9B +12.6% YoY

HMC Cash Flow Statement

HMC Cash Flow Statement Overview

Annual
Quarterly
LTM
Mar'15
Mar'16
Mar'17
Mar'18
Mar'19
Mar'20
Mar'21
Mar'22
Mar'23
Mar'24
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$26.4B$5,179.5M($6,011.1M)$6,367.3M$2,446.0M$34.3B

HMC Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$5,179.5M -64.9% YoY

Capital Expenditure (CAPEX)

($4,218.7M) -3.8% YoY

Free Cash Flow (FCF)

$960.7M -90.7% YoY

HMC Financials

USD
JPY
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Revenue
% growth
80,600.7
11.5%
87,266.9
8.3%
94,486.9
8.3%
104,489.2
10.6%
99,557.6
(4.7%)
92,035.5
(7.6%)
104,062.1
13.1%
100,257.5
(3.7%)
119,232.9
18.9%
118,037.7
(1.0%)
115,548.0
(2.1%)
121,689.0
5.3%
129,411.4
6.3%
138,626.1
7.1%
143,322.9
3.4%
137,321.5
(4.2%)
124,204.1
(9.6%)
129,562.8
4.3%
125,050.2
(3.5%)
141,594.7
13.2%
Cost of Goods Sold (COGS)56,263.261,745.667,027.874,372.073,784.668,815.875,650.174,670.488,660.687,324.786,358.694,446.5100,446.1108,298.8113,486.2109,000.598,451.1102,989.4100,409.6112,086.4
Gross Profit
% margin
24,337.5
30.2%
25,521.3
29.2%
27,459.1
29.1%
30,117.2
28.8%
25,773.0
25.9%
23,219.8
25.2%
28,412.0
27.3%
25,587.1
25.5%
30,572.3
25.6%
30,713.0
26.0%
29,189.4
25.3%
27,242.5
22.4%
28,965.3
22.4%
30,327.3
21.9%
29,836.7
20.8%
28,321.0
20.6%
25,753.0
20.7%
26,573.5
20.5%
24,640.6
19.7%
29,508.3
20.8%
Operating Expenses18,459.117,868.520,199.021,820.123,887.019,317.321,777.522,668.623,996.123,234.723,235.323,047.221,193.622,804.923,284.522,493.419,526.918,816.918,432.421,002.5
Research & Development Expenses (R&D)4,358.44,495.64,702.95,118.85,600.84,970.85,677.66,557.06,762.86,320.66,054.05,471.46,391.76,785.17,278.77,395.66,968.17,007.26,515.35,329.0
Selling, General & Administrative Expenses (SG&A)14,100.814,589.115,495.116,702.218,286.314,346.516,099.916,111.617,233.316,914.117,181.317,575.814,801.916,019.816,005.915,097.812,558.811,809.711,917.114,600.7
Operating Income
% margin
5,878.4
7.3%
7,652.8
8.8%
7,260.1
7.7%
8,297.1
7.9%
1,885.9
1.9%
3,902.5
4.2%
6,634.5
6.4%
2,918.4
2.9%
6,576.2
5.5%
7,478.3
6.3%
5,954.1
5.2%
4,195.2
3.4%
7,771.7
6.0%
7,522.4
5.4%
6,552.2
4.6%
5,827.6
4.2%
6,226.1
5.0%
7,756.6
6.0%
6,208.2
5.0%
9,578.7
6.8%
Interest Income0.00.00.00.0410.1195.6274.5422.1310.7239.5234.1237.3299.4371.7438.6454.4186.8228.2540.41,203.9
Interest Expense0.00.00.00.0224.2134.798.7130.9146.7126.6151.6151.2115.3117.0119.2227.1130.9150.2267.1413.3
Pre-tax Income6,120.17,174.86,757.17,798.31,608.43,606.77,342.23,246.95,901.27,265.66,300.75,296.09,308.810,062.08,834.47,264.98,619.99,527.96,938.910,615.5
Income Tax
% effective tax rate
2,484.8
40.6%
2,794.2
38.9%
2,418.7
35.8%
3,372.5
43.2%
1,092.3
67.9%
1,575.6
43.7%
2,408.3
32.8%
(1,712.2)
(52.7%)
2,160.3
36.6%
2,518.4
34.7%
2,286.4
36.3%
1,909.3
36.1%
3,028.3
32.5%
(123.3)
(1.2%)
2,734.0
30.9%
2,575.1
35.4%
2,061.6
23.9%
2,755.4
28.9%
1,309.4
18.9%
3,186.9
30.0%
Net Income
% margin
4,530.1
5.6%
5,258.7
6.0%
5,048.2
5.3%
5,223.2
5.0%
1,362.5
1.4%
2,879.3
3.1%
6,219.0
6.0%
2,667.6
2.7%
4,431.7
3.7%
5,722.3
4.8%
4,776.3
4.1%
2,871.4
2.4%
5,699.7
4.4%
9,559.9
6.9%
5,505.3
3.8%
4,191.5
3.1%
6,199.8
5.0%
6,295.0
4.9%
4,817.9
3.9%
7,674.0
5.4%
EPS7.288.578.288.672.254.7610.334.447.389.527.954.789.4915.993.132.393.593.662.844.70
Diluted EPS7.288.578.288.672.254.7610.334.447.389.527.954.789.4915.993.132.393.593.662.844.70
EBITDA
% margin
7,981.7
9.9%
9,962.8
11.4%
10,425.8
11.0%
12,810.0
12.3%
8,173.7
8.2%
10,496.3
11.4%
14,004.0
13.5%
10,072.8
10.0%
13,175.3
11.1%
18,956.8
16.1%
17,519.9
15.2%
16,121.1
13.2%
21,778.1
16.8%
23,301.7
16.8%
22,201.9
15.5%
20,932.6
15.2%
19,618.3
15.8%
21,024.0
16.2%
17,714.3
14.2%
21,976.4
15.5%