SEHK:1475Food
Nissin Foods (SEHK:1475) Stock Looks Cheap But Growth Doubts Persist
Nissin Foods stock has struggled into this earnings release, with the share price down over the past week, month and quarter even as the latest close sits at HK$6.46. The market has been focused on softer quarterly profit, with Q2 basic earnings per share at HK$0.0506 on revenue of HK$955.5m.
Over the past year Nissin Foods earnings have increased and the trailing P/E of 19.3x is below the peer group average while the stock trades at a discount to a DCF based value estimate.
Is Nissin Foods...