Yaskawa Electric
Yaskawa – Peak Out in Sight
Equity Bottom-Up177 Views, 11 Jan 2022 21:34
EXECUTIVE SUMMARY
- Yaskawa’s stock has been broadly flattish since the beginning of 2021 despite an accelerating earnings profile.
- This is largely due to valuations remaining elevated at over 20x EV/EBIT.
- Thus, while we continue to favour the name vs. FA peers we remain cautious.