TSE:4186Chemicals
Tokyo Ohka Kogyo (TSE:4186) Backs NLM Photonics, Is It Still Below Fair Value?
Tokyo Ohka Kogyo (TSE:4186) is back in focus after fresh debate around its rich P/E ratio, with attention shifting to its backing of NLM Photonics and discounted cash flow estimates that imply undervaluation.
The current ¥8,073 share price comes after a sharp pullback, with the 30 day share price return down 7.16% and the 90 day share price return down 29.28%. Tokyo Ohka Kogyo still shows a 34.44% year to date share price gain and a 67.32% total shareholder return over one year, indicating...