TSE:2982Real Estate
A.D.Works GroupLtd (TSE:2982) Stock Cheapens As Cash Coverage Doubts Deepen
A.D.Works GroupLtd stock has barely moved over the past month, even after the latest earnings drop, which left the 7 day return down about 2%. The headline is straightforward and uncomfortable. Investors are paying a P/E of 4.9x for a real estate operator that shows strong reported earnings growth but leans heavily on a large one off gain and carries debt that is not well covered by operating cash flow.
In the short term the stock appears cheap on the surface. The longer term question is how...