TSE:5451Metals and Mining
Yodoko (TSE:5451) Stock Can Core Earnings Justify Its Discount?
Yodoko stock has quietly added around 10% over the past month. Yet at ¥1,454 it still trades on a trailing P/E of 11.8x, below both peers and a discounted cash flow estimate of ¥1,825. The market is pricing this as a cautious value story. The headline from this quarter is earnings quality. Trailing profit growth of 29.4% and a net margin of 9.1% look strong, but they are flattered by a ¥6.2b one off gain. The key question now is how much of that earnings power you can really treat as...