TSE:7751Tech
Canon (TSE:7751) Stock Looks Cheap After EPS And Margin Jump
Canon stock closed at ¥4,494, leaving the 7 day return slightly in the red even as the latest earnings landed. The headline is not the share price move. The headline is that Q2 basic earnings per share came in at ¥143.16, helping lift trailing 12 month earnings per share to ¥396.44 and supporting a P/E of about 11x against peers on roughly double that multiple.
Short term traders see a muted tape. Longer term investors see a company that has expanded net profit margins and is still priced as...