CPSE:NSIS BChemicals
Novozymes (CPSE:NSIS B) Stock Can Growth Justify A 45x P/E
Novozymes stock went into today on a strong run, with the share price up about 17% over the past three months and trading on a rich P/E near 45x. That kind of optimism sets a high bar. The earnings headline is clear. Organic sales in the first half grew 8% with adjusted earnings before interest, tax, depreciation and amortization margin at 37.7%, and management lifted full year organic growth guidance to 7 to 8% with margin expected at the top of the 37 to 38% range.
Is Novozymes at 45x P/E a...