SEHK:2180Professional Services
ManpowerGroup Greater China (SEHK:2180) Stock Trades Cheap Despite Thin Growth
ManpowerGroup Greater China stock has barely moved over the past week, yet the latest earnings land with a valuation story that is hard to ignore. The company is generating earnings that translate into a trailing P/E of 5.5x while peers in Asian professional services trade on much richer multiples. At the same time, the shares change hands at a tiny fraction of a discounted cash flow fair value estimate. Short term price action looks sleepy, but the earnings print refreshes a longer term...