Discounted Cash Flow

Honda Motor Co. Ltd. ADR

HMC · Based on 10 years of SEC filings · Converted from JPY to USD

⚠ Cash flow predictability 55/100 (moderate) — FCF YoY std dev 69%, net income 53% (full history)

DCF estimate unavailable — loss_in_2026

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2017 $90.9b $4.0b $2.5b 4.4%
2018 $99.7b (9.7%) $6.9b (71.8%) $5.8b (130.4%) 6.9% (56.6%) $590.79
2019 $103.1b (3.4%) $4.0b (-42.4%) $4.6b (-21.0%) 3.8% (-44.3%) $345.99 (-41.4%)
2020 $96.9b (-6.0%) $3.0b (-25.3%) $5.7b (24.2%) 3.1% (-20.5%) $260.13 (-24.8%)
2021 $85.5b (-11.8%) $4.3b (44.3%) $4.9b (-14.6%) 5.0% (63.5%) $380.75 (46.4%)
2022 $94.4b (10.5%) $4.6b (7.6%) $9.2b (87.2%) 4.9% (-2.7%) $137.03 (-64.0%)
2023 $109.7b (16.2%) $4.2b (-7.9%) $10.7b (17.2%) 3.9% (-20.7%) $128.01 (-6.6%)
2024 $132.6b (20.8%) $7.2b (70.0%) $2.6b (-75.9%) 5.4% (40.7%) $225.88 (76.5%)
2025 $140.8b (6.2%) $5.4b (-24.5%) $-1.4b (-154.9%) 3.9% (-28.9%) $178.93 (-20.8%)
2026 $141.5b (0.5%) $-2.8b (-150.7%) $3.4b (339.3%) -1.9% (-150.5%) $-106.06 (-159.3%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in JPY. Values above are converted to USD for comparison with the US-listed share price.

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

loss_in_2026

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.