Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends? Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Honda Motor Co Ltd (NYSE:HMC).
Honda Motor Co in Focus
HMC may be an interesting play thanks to its forward PE of 9.1, its P/S ratio of 0.41, and its decent dividend yield of 1.3%. These factors suggest that Honda Motor is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that HMC has decent revenue metrics to back up its earnings.
Honda Motor Company, Ltd. PE Ratio (TTM)
But before you think that Honda Motor is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 8% in the past 60 days, thanks to two upward revisions in the past two months compared to none lower.