Our impression of Panasonic’s June quarter results is mixed. Operating income of JPY 83.8 billion was down 7% year on year and below our expectation of JPY 90 billion. Still, excluding the impact of the one-time expenses and inventory adjustments of the automotive battery in the energy segment, it was broadly in line with our expectations.
Panasonic has plenty of "one-off" earnings and cash flow upside available through exiting unprofitable products.
Panasonic has too many products, with very few having market leadership.
|
Metric
|
6752
|
6758
|
005930
|
|---|---|---|---|
Price/Earnings (Normalized) | 6.58 | 3.75 | 14.84 |
Price/Book Value | 0.62 | 2.14 | 1.10 |
Price/Sales | 0.35 | 0.26 | 1.29 |
Price/Cash Flow | 4.73 | 1.66 | 6.04 |
|
Metric
|
6752
|
6758
|
005930
|
|---|---|---|---|
Quick Ratio | 0.87 | 0.40 | 1.80 |
Current Ratio | 1.33 | 0.63 | 2.58 |
Interest Coverage | 14.62 | 21.53 | 29.22 |
|
Metric
|
6752
|
6758
|
005930
|
|---|---|---|---|
Return on Assets (Normalized) | 5.42% | 2.69% | 6.04% |
Return on Equity (Normalized) | 11.56% | 12.28% | 7.81% |
Return on Invested Capital (Normalized) | 7.30% | 7.61% | 6.57% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Apple Inc
AAPL
| Qpkcrfllx | Yddv | $3.4 Tril | |||
| Sony Group Corp
SNEJF
| — | Ryjx | $113.7 Bil | |||
| Sony Group Corp ADR
SONY
| Wnknpygzg | Wfgbw | $113.7 Bil | |||
| Xiaomi Corp Class B
XIACF
| — | Yhrrv | $78.9 Bil | |||
| Xiaomi Corp ADR
XIACY
| — | Zmss | $78.9 Bil | |||
| Panasonic Holdings Corp
PCRFF
| — | Vxxx | $20.7 Bil | |||
| Panasonic Holdings Corp ADR - Unsponsored
PCRHY
| — | Rlbb | $20.7 Bil | |||
| Sharp Corp
SHCAF
| — | Gwnn | $4.5 Bil | |||
| Sharp Corp ADR
SHCAY
| — | Hmm | $4.5 Bil | |||
| LG Display Co Ltd ADR
LPL
| — | Jrvrm | $4.0 Bil |
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United States