OM:SANDMachinery
Sandvik (OM:SAND) Margin Expansion Reinforces Optimistic Narratives Despite Valuation Premium
Sandvik (OM:SAND) posted a robust set of numbers for the latest period, with profit margins reaching 12.3%, up from 10% a year earlier. Earnings grew 21.1%, far outpacing the company’s own five-year average of 7.7% annualized growth. Revenue is forecast to climb 5.6% per year compared to the broader Swedish market’s 3.3% pace. With the stock trading at SEK279.5, above one estimate of fair value, investors are weighing a backdrop of improved profitability and solid growth projections against...