WBAG:MANFood
Josef Manner & Comp (WBAG:MAN) Stock Faces Margin Strain And Wide Valuation Gap
Josef Manner & Comp stock comes into this earnings season almost flat over the past three months, yet today’s €102 close asks investors to look beyond a calm share chart. The headline is not revenue, which held around €139.6m for the half year. The real story is profit pressure. Net income from continuing operations over the last twelve months is €0.9m and net margin sits at just 0.3%, while a discounted cash flow model points to a value well below the current price. The full earnings detail...