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Brunel International (ENXTAM:BRNL) Stock Rich Valuation Clashes With Thin Margins
The market has been willing to pay up for Brunel International, with the stock closing at €7.51 and trading on a very high P/E of 124x, even as trailing net profit margins sit at only 0.3%. That tension between rich valuation and thin profitability set the stage for today. The headline from these results is simple. Brunel kept gross margin broadly steady at 17.3% and delivered about €14m of underlying EBIT in the first half, yet the core story is still a profit squeeze that leaves little room...