OB:ELOPackaging
Elopak (OB:ELO) Stock Looks Cheap as Margins Strengthen and Capex Looms
Elopak went into this earnings day with a stock that has drifted over the past month, down roughly 4%, and only slightly ahead over three months. The story around the company has been about solid packaging demand, improving margins and a P/E that sits below both its global packaging peers and a discounted cash flow based value. Today’s Q2 print keeps that profitability thread alive. Revenue reached €303.9m and net profit margin across the last year is reported at 5.6%, higher than last year’s...