TSE:4004Chemicals
Resonac Holdings (TSE:4004) Stock Rides EPS Surge Into A Rich Valuation
Resonac Holdings walked into this quarter priced for perfection, with the stock already up over 7% in the past month and trading on a rich P/E of 53.4x. The headline this time is earnings firepower, not revenue. Basic earnings per share for Q2 landed at ¥182.51, more than double Q1, as net income reached ¥33,168m on revenue of ¥368,960m. For a stock already sitting above an estimated cash flow value of ¥14,954.42, that kind of profit print is exactly what investors needed to justify today’s...