Fanuc Corporation: Turning Bullish On Potential Results Beat (Rating Upgrade)

(8min)

Summary

  • I anticipate that Fanuc Corporation's financial performance for the first quarter of the new fiscal year will surpass the sell side's expectations.
  • Fanuc Corporation's shares are undervalued based on historical and earnings growth comparisons.
  • I upgrade Fanuc Corporation's rating to a Buy, as the stock's P/E multiple has the potential to expand in the event of a Q1 FY 2024 results beat.
  • Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More »

FANUC Corporation office building exterior in Houston, TX.

Brett_Hondow

Elevator Pitch

My rating for Fanuc Corporation (OTCPK:FANUY, OTCPK:FANUF) [6954:JP] is a Buy.

The focus of my prior March 29, 2024, update was Fanuc Corporation's "near-term business performance" and its "long-term growth prospects." With the current write-up, I preview FANUY's upcoming quarterly results and

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This article was written by

12.78K Followers

The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.

He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market. He hunts for deep value balance sheet bargains and wide moat stocks and provides a range of watch lists with monthly updates within his investing group.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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