Based on the provided data, here is a concise analysis of IX's valuation:
Technical Analysis
The stock has shown a steady upward trend since January 2025, rising from $99 to current levels around $106, representing a 7% gain. Trading volume has remained relatively stable between 25,000-40,000 shares daily.
Valuation Metrics
The stock appears reasonably valued based on key metrics:
- Forward P/E ratio declining from 10.69 to 9.97 over next two quarters
- EV/EBITDA increasing slightly from 13.27 to 13.37
- Price-to-Book ratio stable around 0.98-1.01
- Dividend yield decreasing from 2.97% to 1.55%
Recent Events
A notable event was ORIX's secondary offering of 3.7 million shares at $76.20 through its holding in Ormat Technologies in December 2024. Additionally, ORIX is expanding into renewable energy, with plans to develop a major power storage facility using Tesla's Megapack batteries.
Market Position
The stock is currently trading near its Fibonacci pivot point of 106.05, with immediate resistance at 107.45 and support at 104.66. The RSI of 50.10 indicates neutral momentum, while the slightly negative MACD (-0.03) suggests minimal downward pressure.
Based on these factors, IX appears fairly valued at current levels, with its valuation metrics and technical indicators suggesting neither significant overvaluation nor undervaluation.