DB:PHH2Medical Equipment
Paul Hartmann (DB:PHH2) Stock Cheapens As Margin Debate Persists
Paul Hartmann stock came into this earnings season looking cheap on a P/E of 7.1x with a 4% dividend, yet shares have slipped over the past month and were down again around the results. The market is treating this as a value story that might never re rate. The headline from H1 says something different.
Earnings per share for the half year landed at €15.35 on revenue of €1,251.95m. That supports trailing earnings of €28.13 per share and a trailing net margin of 4%. For a medical equipment...