TASE:ISHIAerospace & Defense
Israel Shipyards Industries (TASE:ISHI) Stock Rallies Into A Tough Valuation Question
Israel Shipyards Industries stock has been under pressure for months, with the share price down sharply over the last quarter. Yet Q2 landed with a jolt. Revenue reached ₪845.8m and basic earnings per share came in at ₪1.04, which is a hefty figure for this company compared with recent quarters.
The catch is what that means for a stock already trading on a P/E of 57.3x and well above an estimated discounted cash flow value of ₪12.87. Short term traders just saw a bounce in the shipyard, while...