TSE:9602Entertainment
Toho (TSE:9602) Margin Compression Raises Questions for Premium Valuation
Toho (TSE:9602) posted revenue and earnings growth this year, with earnings forecast to climb 5.53% annually and revenue expected to grow 3.7% per year. Over the past five years, earnings rose by an average of 19.9% per year, but growth in the latest year was just 0.6%, paired with a net profit margin of 14.8% compared to 16.3% previously. This points to some margin compression. Investors may focus on the company’s steady historical performance and premium valuation as they weigh the outlook...