ASX:GWABuilding
GWA Group (ASX:GWA) Shares Drift As Margin Repair Meets Cash Flow Doubts
The market has been cool on GWA Group, with the stock down over the past week and month and closing at A$2.25 today, yet the headline from these results is quiet margin repair rather than crisis. Net profit margin sits at 11.4% and earnings over the past year are higher than a year ago, while the trailing P/E multiple sits well below building industry peers.
For investors, the real story is a tug of war between improving profitability and lingering worry about leverage and dividend coverage...