Canon: A Lot To Like At A Good Valuation And Growth

Oct. 29, 2023 7:34 AM ETCanon Inc. (CAJPY) StockCAJPY5 Comments

Summary

  • Canon is a Japanese tech company with a credit rating of A and a yield of over 4%.
  • The company's 3Q23 results showed sales and profit increase, but not as much as expected due to softened demand in China and increased competition.
  • Despite challenges, Canon expects a 400B+ Yen operating profit level and offers a potential 15%+ annualized upside on a 15x P/E with strong growth estimates.
  • Looking for a helping hand in the market? Members of iREIT® on Alpha get exclusive ideas and guidance to navigate any climate. Learn More »

Photo equipment shop in Kowloon, Hong Kong

georgeclerk/iStock Unreleased via Getty Images

Dear readers/followers,

It's a good time to update on some of the Asian companies that I follow and invest in. One of those companies is Canon (OTCPK:CAJPY). It's a good time to look because

The company discussed in this article is only one potential investment in the sector. Members of iREIT on Alpha get access to investment ideas with upsides that I view as significantly higher/better than this one. Consider subscribing and learning more here.

This article was written by

34.23K Followers

Wolf Report is a senior analyst and private portfolio manager with over 10 years of generating value ideas in European and North American markets.

He is a contributing author and analyst for the investing group iREIT®+HOYA Capital and Wide Moat Research LLC where in addition to the U.S. market, he covers the markets of Scandinavia, Germany, France, UK, Italy, Spain, Portugal and Eastern Europe in search of reasonably valued stock ideas.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of CAJPY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advice. It may be structured as such, but it is not financial advice. Investors are required and expected to do their own due diligence and research prior to any investment. Short-term trading, options trading/investment and futures trading are potentially extremely risky investment styles. They generally are not appropriate for someone with limited capital, limited investment experience, or a lack of understanding for the necessary risk tolerance involved. I own the European/Scandinavian tickers (not the ADRs) of all European/Scandinavian companies listed in my articles. I own the Canadian tickers of all Canadian stocks i write about. Please note that investing in European/Non-US stocks comes with withholding tax risks specific to the company's domicile as well as your personal situation. Investors should always consult a tax professional as to the overall impact of dividend withholding taxes and ways to mitigate these.

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