TSE:4958Chemicals
T. Hasegawa (TSE:4958) Stock Trails Earnings Strength As Valuation Debate Deepens
T. Hasegawa stock has drifted over the past month and slipped slightly in the last week, yet the latest earnings tell a more supportive story for patient holders. Q3 basic earnings per share of ¥63.62 and net income of ¥2,582m sit on top of a trailing twelve month earnings profile that still prices the shares at a P/E of 16.7x. The real tension is that this fragrance and flavor specialist carries a richer multiple than chemicals peers while also screening well below a discounted cash flow...