Source: Shutterstock Advanced Energy Industries, Inc. ( NASDAQ:AEIS ), might not be a large cap stock, but it saw a significant share price rise of over 20% in the past couple of months on the NASDAQGS. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Today I will analyse the most recent data on Advanced Energy Industries’s outlook and valuation to see if the opportunity still exists. What Is Advanced Energy Industries Worth? The share price seems sensible at the moment according to my price multiple model, where I compare the company’s price-to-earnings ratio to the industry average. In this instance, I’ve used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock’s cash flows. I find that Advanced Energy Industries’s ratio of 18.89x is trading slightly above its industry peers’ ratio of 17.55x, which means if you buy Advanced Energy Industries today, you’d be paying a relatively reasonable price for it. And if you believe that Advanced Energy Industries should be trading at this […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
