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T.RAD (TSE:7236) Stock Faces Profit Slowdown Despite Stronger Margins
T.RAD stock came into this earnings season on the back foot, with the share price drifting over the past month even as trailing earnings more than doubled over the last year. The headline from this quarter is profitability. Net margin now sits at 5.4%, roughly double the level a year ago, and the earnings profile is described as high quality. Yet the market still prices T.RAD on a single digit P/E and at a discount to an estimated fair value, which sets up a clear sentiment gap between...