TSE:3361Gas Utilities
Toell (TSE:3361) Stock Looks Cheap As Earnings Power Keeps Building
The market is treating ToellLtd like just another sleepy utility, with the stock flat over the past month and barely changed over 7 days, even after this Q1 print. Yet the headline is simple: earnings power over the last year kept climbing, with net income over the trailing 12 months up to ¥1,763 million and basic EPS at ¥94.30.
For a gas utility trading on a trailing P/E of 9.4x and still offering a dividend yield of about 2.6%, that disconnect between sentiment and profit trend is the real...