TSE:6099Healthcare
Elan (TSE:6099) Stock Gains Earnings Momentum But Margin Questions Remain
Elan went into this earnings print with the stock drifting, roughly flat over the past week and only modestly higher over three months, yet the headlines told a different story. The company printed Q2 basic earnings per share of ¥13.03 on revenue of ¥14,762.01m, while trailing twelve month earnings climbed to ¥51.88 per share. For a healthcare stock already trading on a 14.9x P/E and sitting well below one widely circulated discounted cash flow fair value estimate, that level of earnings...