TSX:ELFInsurance
E-L Financial (TSX:ELF) Stock Draws Attention With Huge Profit And 3.4x P/E
E-L Financial stock closed at CA$17.79 on the day of its Q2 release, after a steady few months in the market. The headline inside the numbers is very different from the quiet share price. The insurer just posted quarterly net income of CA$1,013.9m on revenue of CA$1,736.7m, and the trailing P/E sits at 3.4x.
For short term traders, that gap between earnings power and valuation will be the immediate focal point. For longer term holders, the focus is on whether a 43.9% trailing net margin and a...