BIT:CRLBuilding
Carel Industries (BIT:CRL) Stock Can Record Margins Justify A 33.9x P E
Carel Industries went into this earnings print priced for perfection, with the stock at €28 and a rich P/E of 33.9x. The numbers did little to cool that debate. Q2 revenue reached €199.2m with net income of €27.3m, capping a trailing net profit margin of 13.4% that stands well above last year’s 10.3% level. The market now has to decide whether record quarterly revenue and fatter margins are enough to justify a premium multiple on a stock that has already bounced over the past week.
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