Hanil Forging Industrial Co., Ltd.’s (KOSDAQ:024740) Business Is Yet to Catch Up With Its Share Price
There wouldn’t be many who think Hanil Forging Industrial Co., Ltd.’s (KOSDAQ:024740) price-to-earnings (or “P/E”) ratio of 14.5x is worth a mention when the median P/E in Korea is similar at about 13x. 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.
The earnings growth achieved at Hanil Forging Industrial over the last year would be more than acceptable for most companies. One possibility is that the P/E is moderate because…
