TSE:8053Trade Distributors
Sumitomo (TSE:8053) Stock Still Looks Cheap After Solid EPS Growth
Sumitomo stock came into the results on a gentle upswing, with the shares at ¥1,670 after a modest 1 month gain and a slightly weaker 3 month run. The headline from this earnings print is not the top line. It is the valuation gap that still sits open. The stock trades below a discounted cash flow estimate of ¥2,080.89, while the P/E of 12.8x sits under the wider peer group on 15.9x.
Short term traders are watching a routine quarter. Long term holders are staring at a pricing mismatch that now...