ENXTBR:SIPFood
Sipef (ENXTBR:SIP) Stock Trades Cheap Despite Cautious Earnings Outlook
Sipef heads into this earnings season with the stock at €102.60 after a solid run over the past month. Yet the real story sits in the profit line. The latest half year shows revenue of US$308.0m and basic earnings per share of US$5.75, which keeps the trailing twelve month P/E at 9.7. That is well below the wider European food sector. The market is wrestling with this valuation gap against a net margin of 20.4% and strong trailing earnings growth, while analyst forecasts still flag pressure...