TSE:4053IT
Sun* (TSE:4053) Stock Faces A Valuation Question As Margins Tighten
Sun* stock has climbed in recent months, yet today’s close at ¥481 leaves the shares trading on a trailing P/E of about 20x while a discounted cash flow estimate sits far higher. The market is still pricing in some caution. The fresh Q2 numbers show quarterly earnings per share of roughly ¥9.6 and net income of ¥375 million, which keeps the profit engine ticking even as longer term net margins have eased from 6.4% to 5.5% over the past year. Short term traders see a grind. Long term holders...