Al Masane Al Kobra Mining Company’s (TADAWUL:1322) Price In Tune With Earnings
With a price-to-earnings (or “P/E”) ratio of 30.1x Al Masane Al Kobra Mining Company (TADAWUL:1322) may be sending bearish signals at the moment, given that almost half of all companies in Saudi Arabia have P/E ratios under 21x and even P/E’s lower than 14x are not unusual. However, the P/E might be high for a reason and it requires further investigation to determine if it’s justified.
With earnings growth that’s superior to most other companies of late, Al Masane Al Kobra Mining has been doing relatively well. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. …
