TSE:8364Banks
Shimizu Bank (TSE:8364) Stock Richly Valued As Losses Erode Earnings Momentum
Shimizu Bank stock has drifted over the past week, with the share price down about 8% even as longer term returns for the last three months are slightly positive. The market is still treating the story as uncertain. The latest earnings land squarely on that tension. Profitability looks thin, with a trailing net profit margin of 7% and a P/E of 14.4x that sits above the peer group and below the broader Japan banks sector.
The real headline today is valuation strain. The current price around...