Thursday, December 22, 2022 5:00 AM EST
Horiba Ltd bears the ticker symbol (HRIBF), and this is my first mention of HRIBF for my new Viking Portfolio or any of of my previous Dog of The Week Portfolios.
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Horiba Ltd provides analytical and measurement equipment.
Their automotive test systems segment contributes the largest percentage of revenue and supplies engine, driveline, brake, wind tunnel balance, and emissions test systems.
A scientific segment sells instruments like pH meters, X-ray microscopes, and spectrometers.
The semiconductor segment supplies mass flow controllers that are used in the semiconductor manufacturing process.
The medical-diagnostic segment sells blood testing instruments and reagents for the in vitro diagnostics market.
The process and environmental segment provides solutions associated with environmental regulations, such as air-pollution and water-quality analyzers.
Horiba generates the largest proportion of its sales in Japan.
HORIBA, Ltd. was founded in 1945 and is headquartered in Kyoto, Japan.
Three key data points gauge
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Horiba Ltd:
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(1) Price
(2) Dividends
(3) Returns
Those three basic keys best tell whether any company has made, is making, and will make money.
HRIBF Price
Horiba’s price per share was $45.14 at Wednesday’s market close. And, in the past year, HRIBF’s share price fell by $14.52 or about 24%.
If HRIBF’s stock trades in the range of $42.00 to $48.00 this next year, its recent $45.14 share price might reach $46.30 by next year. My upside increase estimate of $1.16 lines up with the average of one year price gains for Horiba over the past 8 years.
HRIBF Dividends
Horiba Ltd’s most recent semi-annual dividend of $1.04 per share, equates to $2.08 annually and casts an annual yield of 4.62%.
HRIBF Returns
Adding the $2.08 annual estimated Horiba dividend to my one-year price upside estimate of $1.16 reveals a $3.24 potential gross gain per share.
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At Wednesday’s $45.14 closing price, a little under $1000 would buy 22 shares.
A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.45 per share.
Subtract that maybe $0.45 brokerage cost from my estimated $3.24 gross gain makes a net gain of $2.79 X 22 shares = $61.38 for a 6.1% net gain including a 4.62% annual dividend yield.
In one year our $1K investment in shares of Horiba Ltd would generate $46.20 in cash dividends. Of course, a single share of HRIBF stock at Tuesday's $45.14 price is about $1.00 less than the annual dividend income from our $1000.00 investment.
So, by my dogcatcher ideal, this is a decent time to buy HRIBF shares based on their dividends for the coming year 2023. The current dividend from $1K invested is $1.06 more than HRIBF’s single share price. Consider yourself alerted.
All of the estimates above are speculation based on the past history of Horiba Ltd. Only time and money invested in this stock will determine its market value.
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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...
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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, recommendation or endorsement to buy or sell any security. Prices and returns on equities in this article except as noted are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling same.
Disclosure:
This article was compiled by Rydlun & Co., LLC from data derived from www.ycharts. com; www.finance.yahoo.com; analyst median target price by YCharts.
Catch Your Underdog Daily Dividend on Facebook!
The night before every NYSE trading day on Facebook/ Dividend Dog Catcher Fredrik Arnold usually does a quick live video summary of one stock contending for a weekly slot on his new Viking portfolio.
Last night Arnold followed this script on his Underdog Daily Dividend Show!
Always remember: Root for the Underdog.
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