OM:YUBICOSoftware
Yubico (OM:YUBICO) Stock Rallies On Margin Rebuild Despite Rich Valuation
Yubico stock has been on a tear in recent months, with the share price at SEK88.65 and double digit gains over 30 and 90 days. Today's Q2 print handed investors a sentiment test. Headline revenue of SEK543.9m and basic earnings per share of 0.72 SEK came through alongside an EBIT margin near the mid teens and an 80% gross margin profile.
The market now has to decide whether this profitability rebuild justifies a rich 50.4x P/E and a price that already sits well above a discounted cash flow...