UANGEL Corporation’s (KRX:072130) 25% Share Price Surge Not Quite Adding Up
Despite an already strong run, UANGEL Corporation (KRX:072130) shares have been powering on, with a gain of 25% in the last thirty days. Looking back a bit further, it’s encouraging to see the stock is up 65% in the last year.
Following the firm bounce in price, UANGEL’s price-to-earnings (or “P/E”) ratio of 19.8x might make it look like a strong sell right now compared to the market in Korea, where around half of the companies have P/E ratios below 11x and even P/E’s below 6x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
With earnings growth that’s exceedingly strong of late, UANGEL has been doing very well. The P/E is probably high because…
