Heung-A Shipping Co.,Ltd.’s (KRX:003280) 36% Share Price Surge Not Quite Adding Up
Heung-A Shipping Co.,Ltd. (KRX:003280) shareholders have had their patience rewarded with a 36% share price jump in the last month. But the gains over the last month weren’t enough to make shareholders whole, as the share price is still down 8.7% in the last twelve months.
Even after such a large jump in price, it’s still not a stretch to say that Heung-A ShippingLtd’s price-to-earnings (or “P/E”) ratio of 13.8x right now seems quite “middle-of-the-road” compared to the market in Korea, where the median P/E ratio is around 13x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
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