TASE:HLMSHospitality
Holmes Place International (TASE:HLMS) Stock Premium Meets A Margin Squeeze
Holmes Place International stock came into this earnings release priced for optimism. The shares trade on a P/E of 20.5x and above a discounted cash flow value of ₪4.37, with the market last closing at ₪6.30. That sets a high bar for a fitness and wellness operator facing thinner profitability.
The headline from Q2 is margin pressure. Trailing 12‑month net profit margin is 5% compared with 7% a year ago, while earnings over that period moved in the wrong direction. Today’s price action is a...