Dialight (DIA) saw market valuation reached £350m or 440% higher in 15 years.
But, what about its fundamentals?
The business saw no growth in sales (+4%) with declining earnings of 78%. One positive spot is free cash flow increasing by 55%.
However, fundamentals have not catch-up market valuation. The only explanation is the stock market is overheating sending any shares to the moon.
P.S.: The dot-com bubble didn't end well for the shareholders back in 2000.
But, what about its fundamentals?
The business saw no growth in sales (+4%) with declining earnings of 78%. One positive spot is free cash flow increasing by 55%.
However, fundamentals have not catch-up market valuation. The only explanation is the stock market is overheating sending any shares to the moon.
P.S.: The dot-com bubble didn't end well for the shareholders back in 2000.
Dialight valuation ahead of fundamentals?
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