Further Upside For Empresas Lipigas S.A. (SNSE:LIPIGAS) Shares Could Introduce Price Risks After 29% Bounce
Despite an already strong run, Empresas Lipigas S.A. (SNSE:LIPIGAS) shares have been powering on, with a gain of 29% in the last thirty days. The last 30 days bring the annual gain to a very sharp 77%.
In spite of the firm bounce in price, it’s still not a stretch to say that Empresas Lipigas’ price-to-earnings (or “P/E”) ratio of 10.6x right now seems quite “middle-of-the-road” compared to the market in Chile, where the median P/E ratio is around 11x. Although, it’s not wise to simply ignore the P/E without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
