TSE:6454Machinery
Max (TSE:6454) Margin Expansion Reinforces Bullish Narratives Despite Premium Valuation
Max (TSE:6454) reported a net profit margin of 13.7%, up from 11.6% the previous year. EPS jumped 26.8% over the past year and outpaced the company’s five-year average growth rate of 19.9% per year. Looking ahead, earnings are forecast to grow by 5.6% per year, while revenue is projected to rise by 2.8% per year. The company’s stock is trading at ¥5,590, which is below its fair value estimate of ¥5,842.76. Investors are likely to welcome these results given the margin improvement and...