10 Ridiculously Cheap Stocks to Buy Right Now

4. Honda Motor Co., Ltd. (NYSE:HMC)

Analyst Upside as of November 25, 2024: 39%

Forward P/E as of November 25, 2024: 5.85

Market Capitalization as of November 25, 2024: $41.2 Billion

Honda Motor Co., Ltd. (NYSE:HMC) is an automobile company that is among the world’s largest power unit manufacturers. The company was founded in 1948 and now specializes in the production of motorcycles, automobiles, and power products. The company is “connected with customers around the world” through its solid product distribution.

For the fiscal first half ended September 30, Honda Motor Co. (NYSE:HMC) logged $69.95 billion (10.8 trillion yen) in revenue, up by 12.4% year-over-year. Similarly, operating profit grew by 6.6%. For the fiscal year ended March 31, 2025, the company expects to generate $136.05 billion (21 trillion yen) in revenue and $9.2 billion (1.4 trillion yen) in operating profits. Honda Motor Co., Ltd. (NYSE:HMC) has 26.74 million total global units, of which 18.81 million units comprise motorcycles, 4.1 million units consist of automobiles, and 3.81 million units make up power products.

The company has a strong ecosystem that contributes to its financials. The Honda Group is a consortium of 360 companies, of which 289 are consolidated subsidiaries and 71 are equity method affiliated companies. Overall, Honda Motor Co., Ltd. (NYSE:HMC) is one of the ridiculously cheap stocks to buy right now. Analysts are also bullish on the stock and their median price target implies an upside of 39%.