NZSE:SEKFood
Seeka (NZSE:SEK) Stock Looks Mispriced After Margin Surge
Seeka’s stock closed at NZ$5.19 today, leaving the market valuing the company on a P/E of only 7x. This comes after a year of sharply higher profitability. The headline from these earnings is the profit story. Net profit margin over the last 12 months sits at 7.3% compared with 2.1% a year earlier, and earnings growth over that period is very large versus the longer run trend.
So you have a fruit producer reporting far stronger margins while the share price still trades on a compressed...