Toyota Motor ADR


SKU: TM-1 Category:


Toyota delivered strong set of results in the quarter despite the changing business environment especially given the company lagging behind in the global shift to EVs. Consolidated vehicle sales were 4,159,000 units. Regarding the regional sales breakdown, the sales volume fell in developed countries due to production limitations. Still, it climbed in other regions, including Asia, due to the recovery from the impact of the pandemic. The company’s focus on hybrid vehicles and its avoidance of shifting to EVs is hurting its market share immensely in many key markets. There is a good chance they would have to play catch-up to their Chinese and South Korean rivals in the EV market in the future. We give Toyota Motor Corporation a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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