Professional
Added to YB: 2024-10-24
Pitch date: 2024-09-30
7270.T [bullish]
Subaru Corporation
+42.81%
current return
Author Info
No bio for this author
Company Info
Subaru Corporation manufactures and sells automobiles and aerospace products in Japan, rest of Asia, North America, Europe, Asia, and Internationally.
Market Cap
JPY 2.2T
Pitch Price
JPY 2.5K
Price Target
N/A
Dividend
3.87%
EV/EBITDA
1.01
P/E
7.06
EV/Sales
0.13
Sector
Automobiles
Category
value
Third Avenue Value Fund New Position: Subaru Corporation
7270.T: Subaru trades at market cap ≈ net cash ($10B), implying zero value for profitable car business. $4.6B LTM operating cash flow. 2/3 sales in US, loyal customer base. Cash hoarding since 2020, dividends rising but below pre-COVID. EV concerns overblown; strategic Toyota partnership (21% stake). Potential Toyota acquisition target.
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