Good detailed post. Thanks for sharing.
Have added it to the watchlist now. Like the MNC heritage and that they reward shareholders thru dividends
While it’s understandable that you feel the stock should command a higher premium, a few things that may be worthwhile to note
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Stock has already run up a lot in the last 1 year. 31 pe for a microcap (albeit Panasonics heritage) is not a bad valuation given the market segment it operates in
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Return metrics for Eveready are superior on a few parameters: operating margin, roe (although Eveready is debt heavy)
The question to ask is whether the stock is undervalued and my limited sense is it’s not. Will not be too confident to buy at the current price
However I haven’t read on the company so it could be a flawed assessment.
Thank you
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