ATLPF - Atlas Copco: What To Do With A Potential 3-4% Upside To A 30x P/E
2024-06-03 17:00:21 ET
Summary
- Atlas Copco's valuation is currently high, with a P/E ratio of over 30x.
- The company's recent performance shows signs of normalization, with flat order growth and declining segments.
- While Atlas Copco remains a fundamentally strong company, its current valuation does not offer a significant upside for investors.
Dear readers/followers,
When last I covered Atlas Copco (ATLKY) around 2-3 months back, the company had climbed to what I viewed as an unsustainably high valuation for a company with the growth expectations and the yield potential that Atlas Copco has. The argument has never been that the company isn't qualitative - Atlas Copco is an incredibly qualitative business with a great upside - but only at the right valuation....
Atlas Copco: What To Do With A Potential 3-4% Upside To A 30x P/E