TSE:6798Electronic
SMK (TSE:6798) Stock Faces Profit Revival And Rich Valuation Gap
SMK walked into this earnings print with a rich story and a tired share price. The stock closed at ¥3,010 after a weak 3 month stretch, yet the company now sits on a full year of profit and a P/E of 22.1x in an industry where peers sit lower. The headline this quarter is simple. SMK is no longer a turnaround theory. It is a profit maker again, with trailing 12 month earnings quality flagged as high even as the share price still carries the weight of its loss making past.
Is SMK now priced for...