OB:ORKFood
Orkla (OB:ORK) Stock Undervalued As Jotun Reliance Clouds Earnings Quality
Orkla stock went into this earnings print under a cloud, with the share price down roughly 7% over the past week and almost 10% over the past month. The reaction looks harsh when set against the latest numbers. Trailing twelve month earnings from continuing operations sit at NOK 6,957m with a net profit margin of 8.9% and a P/E around 14.5 that is below both peer and industry averages. The key point for investors is the valuation gap, as the stock trades at less than half of a recent...