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Should Value Investors Buy Denso (DNZOY) Stock?
ZACKS· 2024-10-03 14:46
Core Insights - The article emphasizes the importance of value investing, focusing on identifying undervalued companies through fundamental analysis and metrics [2] - Zacks has developed a Style Scores system to highlight stocks with specific traits, particularly for value investors [3] Company Analysis: Denso (DNZOY) - Denso currently holds a Zacks Rank of 1 (Strong Buy) and a Value grade of A, with a P/E ratio of 11.15 compared to the industry average of 12.67 [4] - The P/B ratio for Denso is 1.11, which is attractive relative to the industry's average P/B of 1.67 [5] - Denso's P/CF ratio stands at 8.65, significantly lower than the industry's average P/CF of 22.20, indicating a solid cash outlook [6] Company Analysis: Volvo (VLVLY) - Volvo has a Zacks Rank of 2 (Buy) and a Value grade of A, with shares trading at a forward earnings multiple of 10.02 [7] - The PEG ratio for Volvo is 0.60, compared to the industry's P/E and PEG ratios of 12.67 and 0.76, respectively [7]
DENSO Advances Sustainability Efforts at Southeast Michigan locations through DTE Energy's MIGreenPower Program
Prnewswire· 2024-09-23 13:00
Core Viewpoint - DENSO has enrolled in DTE Energy's CleanVision MIGreenPower program, committing to use 100% renewable energy for its Belleville Logistics Center and a facility at its North American headquarters for 10 years starting in 2028 [1][2] Group 1: DENSO's Commitment to Sustainability - DENSO will attribute 5,840 megawatt-hours of electricity per year to renewable sources, equivalent to the carbon sequestered by 4,763 acres of forest annually [2] - The company aims to achieve carbon neutrality by 2035, emphasizing the importance of sustainable operations alongside product innovation [3] Group 2: Impact on the Energy Sector - DENSO joins over 1,200 businesses and nearly 100,000 residential customers in the MIGreenPower program, which enhances sustainability efforts and accelerates renewable energy project development in Michigan [3][4] - DTE Energy plans to add over 2,400 megawatts of new wind and solar energy to support MIGreenPower enrollments, contributing to local economies through tax revenue and job creation [3][4] Group 3: DENSO's Operations and Financials - DENSO is a $47.2 billion global mobility supplier with 162,000 employees, investing approximately 7.7% of its global sales in research and development [6] - In North America, DENSO generated $11.7 billion in consolidated sales for the fiscal year ending March 31, 2024, employing over 27,000 workers across nearly 50 sites [7]