CHASYS Co., Ltd.’s (KRX:033250) Price Is Right But Growth Is Lacking
When close to half the companies in Korea have price-to-earnings ratios (or “P/E’s”) above 12x, you may consider CHASYS Co., Ltd. (KRX:033250) as a highly attractive investment with its 5.7x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so limited.
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For instance, CHASYS’ receding earnings in recent times would have to be some food for thought. It might be that many expect the disappointing earnings performance to continue or accelerate, which has repressed the P/E. However, if this doesn’t eventuate then existing shareholders may be feeling optimistic about the future direction of the share price.
