TSE:6383Machinery
Daifuku (TSE:6383) Stock Faces Valuation Scrutiny Despite Stronger Margins
Daifuku stock has been treading water in recent weeks, with the price roughly flat over seven days and still down over the past quarter. Today's earnings cut through that drift. The headline is profit strength. Basic earnings per share in Q2 came in at ¥64.02 on revenue of ¥182,803m, and trailing twelve month profit margins sit at 12.1%. For a stock already trading on a 27.1x P/E, that level of earnings power is what investors are judging against a rich valuation, and it explains why every...