NYSE:VGNTAuto Components
Versigent (VGNT) Stock Looks Cheap After Margin Led Quarter
Versigent stock slipped 1.7% to about US$45 in the first full session after Q2 earnings, even though the headline story was margin strength. The company turned US$2.4b of net sales into US$272m of adjusted earnings before interest, taxes, depreciation and amortisation, with an 11.1% adjusted EBITDA margin and 120 basis points of expansion year on year.
For a stock already trading on a P/E near 6x and sitting well below analyst discounted cash flow estimates, that kind of margin progress is...