Kyungbangco.Ltd’s (KRX:000050) 35% Price Boost Is Out Of Tune With Revenues
Kyungbangco.Ltd (KRX:000050) shareholders have had their patience rewarded with a 35% share price jump in the last month. Looking further back, the 14% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
In spite of the firm bounce in price, there still wouldn’t be many who think Kyungbangco.Ltd’s price-to-sales (or “P/S”) ratio of 0.5x is worth a mention when the median P/S in Korea’s Luxury industry is similar at about 0.4x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
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