Asia Value & Moat Stocks is a research service for value investors seeking Asia-listed stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e., buying assets at a discount e.g. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e., buying earnings power at a discount in great companies like "Magic Formula" stocks, high-quality businesses, hidden champions and wide moat compounders). Sign up here to get star ...

[Table_Title] 研究报告 Research Report 13 Jun 2025 Global AI Industrial and Energy 工业自动化：美国工业回流对需求的边际拉动研究 Industrial automation: the marginal effect of US reshoring to the industry | 杨斌 Bin Yang | 毛琼佩 Olivia Mao | | --- | --- | | bin.yang@htisec.com | olivia.qp.mao@htisec.com | [Table_yemei1] 热点速评 Flash Analysis [Table_summary] (Please see APPENDIX 1 for English summary) 核心观点： 美国制造业增加值在考虑人口等禀赋因素下绝对值并不低，近几年年复合增长率缓慢走低。2022 年美国制造业增加 值为 2.6 万亿美元，占全球制造业增加值的 15.1%，居全球第二，次于中国的 5.1 万亿美元（31.0%），在考虑到人口 等禀赋因素下，美国制造业增加值的绝对 ...

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Fanuc Corp. (FANUY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.Fanuc Corp. is one of 190 individual stocks in the Industrial Products sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Za ...

Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Fanuc Corp. (FANUY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Fanuc Corp. is a member of the Industrial Products sector. This group includes 1 ...

Group 1 - The research service Asia Value & Moat Stocks targets value investors looking for Asia-listed stocks with significant discrepancies between price and intrinsic value, focusing on deep value balance sheet bargains and wide moat stocks [1] - Fanuc Corporation is highlighted as a Buy-rated stock, with previous analysis covering its operations in India and Mainland China [1] - The author of the research service provides investment ideas specifically for the Hong Kong market, emphasizing deep value and wide moat opportunities [1]

Core Viewpoint - Fanuc Corporation's outlook has improved significantly, with favorable prospects in the Indian and Chinese markets, leading to a bullish stance on the stock [1][2]. Financial Performance - Analysts' consensus for FY 2024 top line estimate has been raised by +2.5% to JPY 804.0 billion, and operating income forecast revised upwards by +5.2% to JPY 150.9 billion [2]. - The company's management has increased FY 2024 revenue and operating profit guidance by +5.1% to JPY 784.3 billion and +8.2% to JPY 143.0 billion, respectively [2]. - Actual Q1 FY 2024 revenue and operating income exceeded sell-side estimates by +3.6% and +4.1%, respectively [2]. Market Performance - The Chinese market was the best performer for Fanuc in Q1 FY 2024, with revenue from China increasing by +11.8% QoQ, while Japan's sales rose by +0.5% QoQ [4]. - The Chinese operations are expected to benefit from significant investments in equipment upgrades by state-owned enterprises, with a projected contribution of 22.7% to Q1 FY 2024 top line [4]. Growth Prospects - Fanuc's Indian market presence is expected to grow, with the company emphasizing the need to elevate its operations in India, where robot penetration is currently low [5]. - The company has a strong market share in India, having operated there since 1992, positioning it well for future growth [5]. Valuation - The stock is currently trading at a discount to fair valuation, with a target P/E multiple of 31.2 times compared to the current consensus FY 2025 P/E ratio of 24.8 times, indicating a potential upside of +26% [7].

Core Viewpoint - Fanuc Corporation is expected to outperform analysts' expectations for Q1 FY 2024, with a bullish outlook supported by recent industry data and management commentary [2][4][10]. Company Performance - The company reported a significant reduction in inventory levels in China, indicating a potential recovery in orders for factory automation products [2]. - Analysts predict that Fanuc's Q1 FY 2024 revenue and operating income will exceed expectations, contrasting with the consensus forecast of a decline in top line and operating profit by -7.9% YoY and -6.3% YoY, respectively [15]. Industry Context - Japan's total machine tool order value increased by +4.2% YoY and +3.0% MoM to JPY124.6 billion, suggesting a recovery in the factory automation sector [2]. - The global automation and robotics market is projected to grow by +32% from 2023 to 2025, reaching $346 billion, which bodes well for companies like Fanuc [9]. Valuation Insights - Fanuc's current P/E multiple is 24.6 times for FY 2025, which is lower than its historical averages of 29.2 times and 32.2 times over three and ten years, respectively [9]. - The company's expected EPS CAGR forecast of +26.0% from FY 2023 to FY 2025 supports a higher valuation, with a target P/E multiple of 31.2 times based on a PEG ratio of 1.2 [9]. Investment Recommendation - The stock is rated as a Buy due to its undervaluation relative to growth prospects and historical trading averages [4][10].

Yuichi Yamazaki Elevator Pitch I have a Hold rating for Fanuc Corporation (OTCPK:FANUF) [6954:JP]. Japanese company Fanuc Corporation calls itself "one of the worldwide leaders in factory automation for CNC control systems, robots and production machinery" in its media releases. Fanuc Corporation is awarded a Hold rating taking into account the stock's valuations, the company's shareholder return, and its business outlook. The stock's +3.2% shareholder return yield is reasonably good which should limit ...