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Yamaha Motor (TSE:7272) Stock Rises On Profit Rebound But Premium Looms
Yamaha Motor stock ended yesterday at ¥1,802 after a strong three month run that left short term traders sitting on healthy gains. The latest Q2 print now raises the question of whether that move has already priced in the rebound in profitability. Basic earnings per share of about ¥74.8 and net income of roughly ¥72.6b for the quarter mark a sharp swing back from last year’s losses.
The real story sits on a longer horizon. Earnings over the past year have grown strongly, yet the stock still...