Panasonic (6752) AI Stock Analysis

• Market Cap: ¥6.07T
• Dividend Yield: 1.99%
• Average Volume (3M): 9.07M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.17
• Revenue Growth: -6.96%
• EPS Growth: -7.22%
• Country: JP
• Employees: 207,548
• Sector: Technology
• Sector Strength: 88
• Industry: Consumer Electronics
• EPS (TTM): -7.33
• Shares Outstanding: 2,454,530,800
• 10 Day Avg. Volume: 11,181,160
• 30 Day Avg. Volume: 9,068,290
• PEG Ratio: -0.64
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 0.49
• P/FCF Ratio: 174.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥2,421.05
• Price Target Upside: -6.90% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 107.75
• Revenue Forecast (FY): ¥7.79T

• Rating: 57 Neutral
• Price Target: ¥2,548.00 ▼(-2.02% Downside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is primarily held back by weakening financial performance, especially negative TTM free cash flow and softer margins/revenue. Technicals are moderately supportive with a generally positive longer-term trend, while valuation is constrained by a negative P/E and only a modest dividend yield.

Positive Factors

Diversified Business Mix

Panasonic's exposure across automotive systems, batteries, housing/building products and consumer electronics provides durable revenue diversification. Multiple end markets smooth cyclicality, let the company redeploy scale and R&D across segments, and reduce dependence on any single market over a multi-month horizon.

Long-term Automotive Supply Relationships

The company's platform-based and long-term supplier relationships with automakers create recurring, predictable revenue streams and scale advantages. These structural contracts support production planning, margin stability and continued content per vehicle as automotive electronics and EV components grow over coming quarters.

Manageable Leverage and Balance-Sheet Resilience

Moderate and improving debt levels give Panasonic financial flexibility to fund capex for batteries and automotive programs without over-reliance on external financing. A strengthened equity base and asset growth support resilience through industry cycles and enable strategic investments over the medium term.

Negative Factors

Negative Free Cash Flow

A negative trailing-twelve-month free cash flow signals weaker cash conversion and higher near-term investment or working-capital strain. This reduces funding flexibility for R&D, capex or dividends, may require external financing for strategic projects, and elevates execution risk across the next several quarters.

Revenue Decline Trend

Material recent revenue decline indicates demand or pricing pressures across core segments. Persisting top-line contraction makes it harder to leverage fixed costs, compresses operating margins, and increases dependence on cost cuts or higher-margin wins to restore growth over the next 2–6 months.

Eroding Returns and Margin Pressure

Falling ROE and stepped-down net margins reflect declining capital efficiency and profitability. Over time this limits reinvestment returns and weakens the firm's ability to generate excess cash from operations, challenging long-term competitive positioning unless margins and returns are recovered.

Panasonic Business Overview & Revenue Model

Company Description

Panasonic Holdings Corporation, together with its subsidiaries, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through Appliances, Life Solutions, Connected Solutions, Automotive, and Industrial Solutions segments. The Appliances segment offers air conditioners, refrigerators, washing machines, vacuum cleaners, microwave ovens, rice cookers, personal care products, TVs, digital cameras, video equipment, home audio equipment, fixed-phones, show cases, compressors, and fuel cells. The Life Solutions segment provides lighting fixtures, lamps, wiring devices, solar photovoltaic systems, spatial sterilizing/deodorizing equipment, interior and exterior furnishing materials, ventilation and air conditioning equipment, air purifiers, bicycles, and nursing care related products, as well as kitchen and bath products. The Connected Solutions segment offers aircraft in-flight entertainment systems and communications services, electronic component mounting machines, welding equipment, PCs and tablets, projectors, and professional AV systems, as well as solutions for various industries. The Automotive segment provides automotive-use infotainment systems, head-up displays, automotive audio systems, automotive switches, vehicle camera modules, advanced driver assistance systems, automotive mirrors, and cylindrical and prismatic lithium-ion batteries, as well as devices and systems for electric automobiles. The Industrial Solutions segment offers relays, switches, power supply products, industrial motors and sensors, capacitors, coils, resistors, electronic circuit board materials, semiconductors, and LCD panels, as well as small lithium-ion, dry, and micro batteries. The company was formerly known as Panasonic Corporation. Panasonic Holdings Corporation was founded in 1918 and is headquartered in Kadoma, Japan.

How the Company Makes Money

Panasonic generates revenue through multiple channels, primarily by selling consumer and industrial electronics. Key revenue streams include the sale of home appliances and consumer electronics like televisions and audio systems, which cater to individual consumers. Additionally, the automotive segment contributes significantly to revenue through the provision of advanced automotive batteries and infotainment systems to major automotive manufacturers. Panasonic also offers industrial solutions, including automation and energy management systems, which serve various sectors such as manufacturing and smart cities. Strategic partnerships with companies in the automotive and technology sectors enhance its market reach and product offerings, further bolstering its earnings. The company's commitment to innovation and sustainability, including investments in renewable energy technologies, also plays a crucial role in maintaining its competitive edge and driving revenue growth.

Panasonic Financial Statement Overview

Summary

Financials are stable but weakening: revenue and profitability have softened in the TTM period and margins have compressed. The balance sheet is reasonably resilient with manageable leverage, but cash conversion has deteriorated and TTM free cash flow is negative, increasing near-term flexibility risk.

Income Statement

Revenue has been largely flat to down recently, with TTM (Trailing-Twelve-Months) showing a notable decline versus the prior annual period. Profitability is positive but modest: gross margin is stable around the low-30% range, while net margin is thin and has stepped down meaningfully in TTM (Trailing-Twelve-Months) versus recent annual results. Operating profitability also softened in TTM (Trailing-Twelve-Months), signaling some pressure from costs, mix, or pricing despite the company remaining solidly profitable.

Balance Sheet

Leverage looks manageable, with debt-to-equity in the ~0.33–0.40 range in recent periods and improving materially from earlier higher levels. Equity and assets have grown over the multi-year window, supporting balance-sheet resilience. The main weakness is returns: return on equity has trended lower in TTM (Trailing-Twelve-Months) versus prior years, suggesting profitability has not kept pace with the capital base.

Cash Flow

Cash generation is mixed. Operating cash flow remains positive, but it covers only a modest portion of net income in the latest periods, pointing to weaker cash conversion. More importantly, TTM (Trailing-Twelve-Months) free cash flow is negative (after being positive in most recent annual years), indicating higher investment needs and/or working-capital drag; this raises near-term flexibility risk despite historically positive free cash flow.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	7.94T	8.46T	8.50T	8.38T	7.39T	6.70T
Gross Profit	2.52T	2.63T	2.50T	2.26T	2.08T	1.97T
EBITDA	663.27B	812.26B	651.39B	556.77B	544.43B	596.92B
Net Income	203.10B	366.20B	443.99B	265.50B	255.33B	165.08B
Balance Sheet
Total Assets	10.15T	9.34T	9.41T	8.06T	8.02T	6.85T
Cash, Cash Equivalents and Short-Term Investments	751.20B	847.56B	1.12T	819.50B	1.21T	1.59T
Total Debt	1.98T	1.79T	1.84T	1.64T	2.10T	1.65T
Total Liabilities	4.92T	4.47T	4.69T	4.27T	4.68T	4.08T
Stockholders Equity	5.03T	4.69T	4.54T	3.62T	3.16T	2.59T
Cash Flow
Free Cash Flow	-177.16B	23.75B	319.43B	231.39B	18.66B	272.92B
Operating Cash Flow	505.73B	796.08B	866.90B	520.74B	252.63B	504.04B
Investing Cash Flow	-747.50B	-859.96B	-591.88B	-347.12B	-799.39B	176.41B
Financing Cash Flow	-45.22B	-190.32B	-70.46B	-603.93B	62.15B	-177.52B

Panasonic Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2600.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6752, the sentiment is Positive. The current price of 2600.5 is above the 20-day moving average (MA) of 2533.20, above the 50-day MA of 2384.09, and above the 200-day MA of 1849.64, indicating a bullish trend. The MACD of 65.54 indicates Negative momentum. The RSI at 57.38 is Neutral, neither overbought nor oversold. The STOCH value of 86.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6752.

Panasonic Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6952	74 Outperform	¥329.36B	9.83	5.53%	3.55%	-5.43%	55.21%
6632	66 Neutral	¥176.54B	8.81	13.53%	1.34%	0.48%	-1.86%
6971	64 Neutral	¥3.41T	17.73	1.37%	2.29%	-0.51%	-45.68%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6752	57 Neutral	¥6.07T	-69.04	4.25%	1.99%	-6.96%	-7.22%
6758	56 Neutral	¥19.99T	-5.95	14.45%	0.55%	-2.86%	5.93%
6753	49 Neutral	¥375.92B	5.68	―	―	-10.88%	―