- The trailing P/E is now lower at 6.31 while Price/ Book is about the same. Overall, the stock is still undervalued (surprisingly given the run up in share price).
- The Return on Equity has improved greatly – reaching 22.47% (some might even consider this a growth stock). However, Return on Asset is a low 6.02%. Not a very cost effective business model – not surprisingly as QAF’s business model is pretty asset heavy.
- The Profit Margin and Operating Margin have improved, but still not great...
I have previously written about QAF Limited on 7 July 2016 (read here). If I am not wrong, the stock price then was around SGD 1.08. On 22 June 2017, the stock price of QAF is SGD 1.325.
Well, I did mention that I will keep an eye on this stock.
I did a quick study on the financial statistics.
In comparison to the statistics in July 2016, there appears to be an improvement, namely: