OM:FMM BBuilding
FM Mattsson (OM:FMM B) Can Margin Gains Keep Justifying Its Premium P/E
FM Mattsson stock came into this earnings print with a strong tailwind, up around 22% over the past month and 16% over three months, and trading on a rich P/E of 23.6x. The headline today is not the share price, however; it is the profitability reset. Net profit margin on the trailing twelve months sits at 8.4% compared with 5.7% a year earlier, while reported earnings over the past year are higher by 56.7%.
The question for you now is whether this margin story fully justifies a valuation...