TSE:6302Machinery
Sumitomo Heavy Industries (TSE:6302) Stock Rebound Meets Cash Flow Doubts
Sumitomo Heavy Industries stock came into this earnings print with solid momentum, up about 10% over the past three months and closing at ¥5,968. The fresh numbers justify that optimism. Q2 basic earnings per share reached ¥118.63 on revenue of ¥298.6b, which helped push trailing twelve month earnings to ¥405.8b from continuing operations.
The near term story is a market that already priced in a recovery. The bigger question for you now is how that earnings power lines up against a P/E of...