WBAG:SBOEnergy Services
Schoeller Bleckmann (WBAG:SBO) Stock Faces Profit Crunch And Dividend Doubts
SBO stock came into this Q2 print under pressure, with the share price down about 12% over the past three months and trading on a lofty P/E of 90.2x. The headline today is not the top line; it is the profit squeeze. Quarterly net income excluding extraordinary items was €0.201 million on €106.149 million of revenue, which keeps the trailing net margin near 1.3% and leaves the dividend uncovered by recent earnings and free cash flow.
Is SBO a genuine bargain at roughly 60% below the provided...