ORIX: Look Beyond Earnings Miss And Focus On ROE Target [Seeking Alpha]
Orix Corp Ads (IX)
US:NYSE Investor Relations:
orix.co.jp/grp/en/ir
Company Research
Source: Seeking Alpha
The company stuck to its existing EPS guidance and ROE target for FY 2024 and FY 2025, despite the bottom line miss. IX is worthy of a Buy rating, as it can trade at a much higher P/B multiple based on my valuation analysis. Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More » Elevator Pitch I continue to assign a Buy rating to ORIX Corporation NYSE: IX ) [8591:JP]. My November 20, 2023, update touched on IX's asset divestments, and the outlook for ORIX Corporation's international renewable energy business and Banking & Credit business. In this article, I review ORIX Corporation's most recent quarterly financial performance and evaluate the company's forward-looking financial prospects. I am not worried about IX's slight -2% bottom line miss for Q3 FY 2024 (YE March 31, 2024), as the company has reiterated its net income and ROE guidance for FY 2024 and FY 2025. My analysis suggests that ORIX Corporation deserves t
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News
- ORIX: Consider Capital Recycling Plans And Peer Valuation Discount [Seeking Alpha]Seeking Alpha
- Monarch Private Capital and Elawan Energy Announce Substantial Completion of Two Renewable Energy Projects [Yahoo! Finance]Yahoo! Finance
- Boston Financial Ranked #1 Syndicator of Affordable Housing for Fourth Consecutive Year By NMHC [Yahoo! Finance]Yahoo! Finance
- 2024 NMHC 50 Underscores Challenges Over Past Year, but Projects Cautious Optimism for 2024 [Yahoo! Finance]Yahoo! Finance
- Virbac acquired Sasaeah, a leading animal health player in Japan [Yahoo! Finance]Yahoo! Finance
IX
Sec Filings
- 3/6/24 - Form 6-K
- 2/13/24 - Form 13F-HR
- 2/13/24 - Form 6-K
- IX's page on the SEC website