A$2.91 ($2.02)

-0.10 (-3.32%)

Weekly Expected Move ±5.2%

A$3 A$3 A$3 A$3 A$3

ASX · Real Estate · Real Estate - Development · Tech Score Sell · Power 39 · A$1.2B mcap · 257M float · 0.487% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ETF Exposure

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C+

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. HMC.AX receives an overall rating of C+. Strongest factors: DCF (4/5), P/B (4/5). Areas of concern: ROE (1/5), ROA (1/5), D/E (2/5), P/E (1/5).

Rating Change History

Date	From	To
2026-10-01	B-	C+
2026-05-13	C+	B-
2026-05-11	B-	C+
2026-04-27	C+	B-
2026-04-24	B-	C+
2026-04-07	C+	B-
2026-04-01	B-	C+
2026-02-25	A+	B-
2026-02-23	A	A+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 41 Grade C

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. HMC.AX scores highest in Value (91/100) and lowest in Safety (15/100). A grade of C represents mixed fundamentals — strengths in some areas offset by weaknesses.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

0.02

Distress Zone

Piotroski F-Score

6/9

✓ ✓ ✗ ✓ ✗ ✓ ✗ ✓ ✓

Beneish M-Score

-2.13

Unlikely Manipulator

Ohlson O-Score

-8.98

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 43.9/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 1.10x

Accruals: -0.5%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. HMC.AX scores 0.02, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. HMC.AX scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. HMC.AX's score of -2.13 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. HMC.AX's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. HMC.AX receives an estimated rating of BB (score: 43.9/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). HMC.AX's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-24.58x

PEG

0.34x

P/S

6.62x

P/B

0.78x

P/FCF

19.44x

P/OCF

11.35x

EV/EBITDA

31.33x

EV/Revenue

3.26x

EV/EBIT

34.25x

EV/FCF

21.53x

Earnings Yield

8.02%

FCF Yield

5.14%

Shareholder Yield

8.15%

Graham Number

$4.48

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. HMC.AX currently has negative earnings — the P/E ratio is not meaningful. An earnings yield of 8.0% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $4.48 per share, suggesting a potential 53% margin of safety at the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.487

NI / EBT

Interest Burden

5.093

EBT / EBIT

EBIT Margin

0.095

EBIT / Rev

Asset Turnover

0.221

Rev / Assets

Equity Multiplier

1.365

Assets / Equity

ROE

7.1%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. HMC.AX's ROE of 7.1% is driven by Asset Turnover (0.221), indicating efficient use of assets to generate revenue. A tax burden ratio of 0.49 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$2.02

Price/Value

1.47x

Margin of Safety

-46.73%

Premium

46.73%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with HMC.AX's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. HMC.AX trades at a 47% premium to its adjusted intrinsic value of $2.02, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of -24.6x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1184 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$2.92

Median 1Y

$2.14

5th Pctile

$1.04

95th Pctile

$4.40

Ann. Volatility

45.8%

25th–75th percentile 5th–95th percentile Median path Historical

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
ROE	6.3%	9.1%	44.4%	70.1%	1.1%	1.0%	71.5%	40.4%	15.9%	7.1%	7.10%
ROA	6.1%	8.5%	31.4%	53.9%	90.2%	77.3%	49.4%	30.8%	8.6%	5.2%	5.21%
ROIC	1.7%	3.9%	5.4%	7.1%	-2.5%	7.5%	8.1%	13.1%	9.9%	10.5%	10.55%
ROCE	1.5%	4.8%	4.0%	4.5%	3.6%	2.4%	2.9%	5.4%	3.6%	2.0%	2.00%
Gross Margin	73.4%	86.5%	61.0%	66.3%	89.4%	71.9%	1.0%	1.0%	99.0%	99.1%	99.07%
Operating Margin	40.5%	61.6%	68.9%	91.4%	44.3%	47.0%	52.5%	47.5%	32.7%	20.9%	20.95%
Net Margin	1.7%	57.7%	10.5%	8.5%	8.7%	85.9%	1.2%	-19.9%	17.8%	-76.5%	-76.50%
EBITDA Margin	40.5%	62.6%	-11.7%	14.6%	12.1%	30.8%	29.1%	48.7%	20.3%	-73.6%	-73.61%
FCF Margin	58.4%	19.3%	29.7%	33.2%	43.4%	48.0%	30.1%	25.5%	10.1%	15.1%	15.14%
OCF Margin	58.4%	23.6%	32.8%	35.5%	45.5%	48.0%	40.8%	36.9%	21.7%	25.9%	25.93%
ROE 3Y Avg	snapshot only										33.62%
ROA 3Y Avg	snapshot only										23.93%
ROIC 3Y Avg	snapshot only										35.70%
ROIC Economic	snapshot only										9.59%
Cash ROA	snapshot only										5.44%
Cash ROIC	snapshot only										6.45%
CROIC	snapshot only										3.76%
NOPAT Margin	snapshot only										42.42%
Pretax Margin	snapshot only										48.47%
R&D / Revenue	snapshot only										0.00%
SGA / Revenue	snapshot only										33.38%
SBC / Revenue	snapshot only										0.00%

Valuation

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
P/E Ratio	44.17	16.36	3.19	2.16	2.03	2.37	4.19	3.81	7.69	12.47	-24.579
P/S Ratio	74.85	16.06	11.23	10.55	13.01	14.93	14.00	6.27	4.24	2.94	6.624
P/B Ratio	2.76	1.49	1.42	1.51	2.01	2.02	2.25	1.25	0.99	0.79	0.781
P/FCF	128.11	83.23	37.79	31.74	29.97	31.11	46.55	24.61	41.87	19.44	19.441
P/OCF	128.11	68.21	34.18	29.73	28.59	31.11	34.33	16.98	19.49	11.35	11.351
EV/EBITDA	172.25	28.17	30.06	33.71	52.55	98.07	57.13	14.08	12.88	31.33	31.325
EV/Revenue	69.80	15.39	11.09	10.38	12.80	14.66	14.15	4.67	4.15	3.26	3.260
EV/EBIT	172.25	28.51	24.96	25.89	39.21	65.67	54.77	14.61	13.36	34.25	34.252
EV/FCF	119.46	79.72	37.34	31.22	29.49	30.54	47.06	18.35	40.99	21.53	21.530
Earnings Yield	2.3%	6.1%	31.3%	46.4%	49.2%	42.2%	23.9%	26.2%	13.0%	8.0%	8.02%
FCF Yield	0.8%	1.2%	2.6%	3.2%	3.3%	3.2%	2.1%	4.1%	2.4%	5.1%	5.14%
PEG Ratio	snapshot only										0.343
Price/Tangible Book	snapshot only										1.037
EV/OCF	snapshot only										12.571
EV/Gross Profit	snapshot only										3.274
Acquirers Multiple	snapshot only										8.108
Shareholder Yield	snapshot only										8.15%
Graham Number	snapshot only										$4.48

Leverage & Solvency

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Current Ratio	71.73	2.80	15.12	2.98	5.27	1.18	2.34	3.42	4.67	48.69	48.694
Quick Ratio	71.73	2.80	15.12	2.98	5.27	1.18	2.34	3.42	4.67	48.69	48.694
Debt/Equity	0.00	0.01	0.19	0.09	0.13	0.17	0.07	0.08	0.33	0.20	0.200
Net Debt/Equity	-0.19	-0.06	-0.02	-0.02	-0.03	-0.04	0.02	-0.32	-0.02	0.09	0.085
Debt/Assets	0.00	0.00	0.13	0.07	0.09	0.11	0.05	0.06	0.16	0.16	0.155
Debt/EBITDA	0.02	0.10	4.05	1.97	3.58	8.15	1.78	1.26	4.35	7.11	7.109
Net Debt/EBITDA	-12.47	-1.24	-0.36	-0.56	-0.87	-1.83	0.62	-4.81	-0.28	3.04	3.039
Interest Coverage	2.97	7.36	4.78	4.14	2.79	2.20	5.57	5.54	5.05	0.97	0.966
Equity Multiplier	1.03	1.08	1.42	1.30	1.43	1.46	1.46	1.31	2.09	1.29	1.288
Cash Ratio	snapshot only										35.959
Debt Service Coverage	snapshot only										1.056
Cash to Debt	snapshot only										0.572
FCF to Debt	snapshot only										0.205
Defensive Interval	snapshot only										263.3 days

Efficiency & Turnover

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Asset Turnover	0.04	0.09	0.09	0.11	0.14	0.12	0.15	0.19	0.16	0.22	0.221
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	—	4.79	—	6.72	—	12.84	11.06	16.80	14.39	18.25	18.250
Payables Turnover	—	4.49	—	137.49	—	16.36	—	6.27	—	0.71	0.706
DSO	0	76	0	54	0	28	33	22	25	20	20.0 days
DIO	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	0	81	0	3	-525	22	0	58	-1131	517	517.1 days
Cash Conversion Cycle	0	-5	0	52	525	6	33	-36	1156	-497	-497.1 days
Fixed Asset Turnover	snapshot only										10.124
Cash Velocity	snapshot only										2.362
Capital Intensity	snapshot only										4.771

Growth (YoY)

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Revenue	—	—	—	—	4.6%	1.1%	1.5%	1.2%	1.4%	1.5%	1.51%
Net Income	—	—	—	—	20.2%	12.5%	1.4%	-25.0%	-79.3%	-90.6%	-90.59%
EPS	—	—	—	—	16.7%	10.5%	85.1%	-41.1%	-82.4%	-91.9%	-91.94%
FCF	—	—	—	—	3.2%	4.2%	1.6%	70.8%	-43.8%	-20.9%	-20.86%
EBITDA	—	—	—	—	2.4%	-42.3%	70.5%	1.4%	2.2%	74.7%	74.67%
Op. Income	—	—	—	—	8.2%	1.4%	1.5%	62.9%	65.9%	65.2%	65.20%
OCF Growth	snapshot only										35.54%
Asset Growth	snapshot only										11.04%
Equity Growth	snapshot only										26.08%
Debt Growth	snapshot only										52.38%
Shares Change	snapshot only										16.74%
Dividend Growth	snapshot only										6.72%

Growth Quality

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Revenue Stability	—	—	—	—	—	—	—	—	0.98	0.93	0.928
Earnings Stability	—	—	—	—	—	—	—	—	0.02	0.00	0.000
Margin Stability	—	—	—	—	—	—	—	—	0.86	0.84	0.840
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	1	1	1	1	1	1	1
Earnings Persistence	—	—	—	—	—	—	—	—	0.50	0.50	0.500
Earnings Smoothness	—	—	—	—	0.00	0.00	0.17	0.71	0.00	0.00	0.000
ROE Trend	—	—	—	—	—	—	—	—	-0.40	-0.41	-0.409
Gross Margin Trend	—	—	—	—	—	—	—	—	0.20	0.22	0.223
FCF Margin Trend	—	—	—	—	—	—	—	—	-0.41	-0.19	-0.185
Sustainable Growth Rate	4.0%	5.0%	38.2%	63.3%	1.1%	93.4%	65.0%	33.7%	8.9%	0.1%	0.09%
Internal Growth Rate	4.0%	4.9%	36.9%	94.7%	5.1%	2.5%	81.5%	34.7%	5.1%	0.1%	0.06%

Cash Flow Quality

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
OCF/Net Income	0.34	0.24	0.09	0.07	0.07	0.08	0.12	0.22	0.39	1.10	1.099
FCF/OCF	1.00	0.82	0.90	0.94	0.95	1.00	0.74	0.69	0.47	0.58	0.584
FCF/Net Income	snapshot only										0.642
OCF/EBITDA	snapshot only										2.492
CapEx/Revenue	0.0%	4.2%	3.1%	2.3%	2.1%	0.0%	0.0%	2.6%	4.0%	3.8%	3.77%
CapEx/Depreciation	snapshot only										4.243
Accruals Ratio	0.04	0.06	0.28	0.50	0.84	0.71	0.43	0.24	0.05	-0.01	-0.005
Sloan Accruals	snapshot only										0.099
Cash Flow Adequacy	snapshot only										0.957
Earnings Quality Score	snapshot only										1.000

Dividends & Buybacks

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Dividend Yield	0.8%	2.8%	4.4%	4.5%	3.6%	3.1%	2.2%	4.3%	5.7%	7.9%	4.11%
Dividend/Share	$0.06	$0.12	$0.18	$0.22	$0.21	$0.22	$0.21	$0.22	$0.23	$0.24	$0.12
Payout Ratio	36.1%	45.1%	14.0%	9.8%	7.3%	7.5%	9.1%	16.4%	43.8%	98.8%	98.78%
FCF Payout Ratio	1.0%	2.3%	1.7%	1.4%	1.1%	97.8%	1.0%	1.1%	2.4%	1.5%	1.54%
Total Payout Ratio	5.7%	3.8%	81.9%	45.2%	7.3%	7.5%	9.1%	16.4%	45.0%	1.0%	1.02%
Div. Increase Streak	0	0	0	0	1	1	1	1	1	1	1
Chowder Number	—	—	—	—	3.31	1.27	0.58	0.30	0.31	0.32	0.325
Buyback Yield	12.0%	20.3%	21.2%	16.4%	0.0%	0.0%	0.0%	0.0%	0.2%	0.2%	0.23%
Net Buyback Yield	12.0%	20.2%	21.1%	6.0%	-10.2%	-13.1%	-16.3%	-22.3%	-25.1%	-24.2%	-24.22%
Total Shareholder Return	12.8%	22.9%	25.5%	10.6%	-6.6%	-10.0%	-14.1%	-18.0%	-19.4%	-16.3%	-16.30%

DuPont Factors

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Tax Burden (NI/EBT)	0.97	1.54	7.52	14.45	2607.48	14.17	2.55	1.55	0.60	0.49	0.487
Interest Burden (EBT/EBIT)	4.31	1.18	1.05	0.85	0.01	1.99	5.07	3.33	2.98	5.09	5.093
EBIT Margin	0.41	0.54	0.44	0.40	0.33	0.22	0.26	0.32	0.31	0.10	0.095
Asset Turnover	0.04	0.09	0.09	0.11	0.14	0.12	0.15	0.19	0.16	0.22	0.221
Equity Multiplier	1.03	1.08	1.42	1.30	1.26	1.31	1.45	1.31	1.84	1.36	1.365

Per Share

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
EPS (Diluted TTM)	$0.17	$0.26	$1.26	$2.23	$2.93	$2.96	$2.32	$1.32	$0.52	$0.24	$0.24
Book Value/Share	$2.65	$2.80	$2.83	$3.19	$2.95	$3.46	$4.33	$4.02	$3.99	$3.74	$3.74
Tangible Book/Share	$3.87	$2.02	$2.20	$2.46	$2.42	$2.93	$3.44	$3.07	$3.04	$2.86	$2.86
Revenue/Share	$0.10	$0.26	$0.36	$0.46	$0.46	$0.47	$0.70	$0.80	$0.93	$1.01	$0.44
FCF/Share	$0.06	$0.05	$0.11	$0.15	$0.20	$0.23	$0.21	$0.20	$0.09	$0.15	$0.06
OCF/Share	$0.06	$0.06	$0.12	$0.16	$0.21	$0.23	$0.28	$0.30	$0.20	$0.26	$0.08
Cash/Share	$0.49	$0.19	$0.58	$0.36	$0.49	$0.70	$0.20	$1.61	$1.39	$0.43	$0.43
EBITDA/Share	$0.04	$0.14	$0.13	$0.14	$0.11	$0.07	$0.17	$0.27	$0.30	$0.10	$0.10
Debt/Share	$0.00	$0.01	$0.53	$0.28	$0.40	$0.57	$0.31	$0.33	$1.31	$0.75	$0.75
Net Debt/Share	$-0.49	$-0.18	$-0.05	$-0.08	$-0.10	$-0.13	$0.11	$-1.28	$-0.08	$0.32	$0.32

Academic Models

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	0.017
Altman Z-Prime	snapshot only										-0.983
Piotroski F-Score	3	3	3	3	5	4	6	6	4	6	6
Beneish M-Score	—	—	—	—	1.18	0.75	0.34	-5.56	-0.83	-2.13	-2.130
Ohlson O-Score	snapshot only										-8.985
ROIC (Greenblatt)	snapshot only										14.41%
Net-Net WC	snapshot only										$-0.50
EVA	snapshot only										$9166890.59

Credit

Metric	Q2'22	Q4'22	Q2'23	Q4'23	Q2'24	Q4'24	Q2'25	Q4'25	Q2'26	Q4'26	Current
Credit Rating	snapshot only										BB
Credit Score	85.21	93.77	56.22	84.15	72.47	67.28	90.28	81.28	53.04	43.92	43.915
Credit Grade	snapshot only										12
Credit Trend	snapshot only										-23.366
Implied Spread (bps)	snapshot only										475.000
Industry Credit Rank	snapshot only										51
Sector Credit Rank	snapshot only										49

HMC.AX ASX

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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