TSE:8016Luxury
Onward Holdings (TSE:8016) Margin Improvement Reinforces Bullish Narratives Despite Ongoing Dividend Concerns
Onward Holdings (TSE:8016) posted a net profit margin of 4.1%, up from 4% last year, as earnings surged 17.5% year-over-year. The company’s earnings growth over the past five years has averaged an impressive 73% per year; however, the most recent pace is now moderating. With high quality earnings and a price-to-earnings ratio of 9.9x, notably lower than both industry and peer group averages, investors see a solid track record of profitability and strong margins at a discount to peers.
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