TSE:9432Telecom
NTT (TSE:9432) Stock Looks Reasonable On Earnings But Stretched On Cash Flow
NTT has produced a 69.2% return over the past 5 years, and at around ¥169.2 per share the stock no longer looks obviously cheap or stretched on headline metrics, with both the intrinsic value work and market multiples pointing to something closer to fair value.
A 69.2% return over 5 years suggests NTT has already rewarded patient shareholders, so any new upside case now leans more on valuation discipline than on catching up from a depressed base.
For long term holders, the main support for...