DKILY - Daikin Industries: Window Of Opportunity Closed Quickly But Business Performing Well
- Daikin's strong fiscal first quarter numbers drove a sharp upward move in the share price, closing that relative undervaluation I previously saw.
- With 41% growth in the U.S. Goodman operations, Daikin gained share in U.S. residential, but also seems to be gaining share in the EU and Chinese markets as well.
- Recent articles about a new refrigerant developed by Daikin for EV AC systems suggest meaningful energy efficiency improvements, highlighting some potential advantages to this internal refrigerant R&D program.
- Daikin shares no longer look like the relative bargain they did before, but the company has credible share gain opportunities, leverage to commercial retrofits, and exposure to emerging market AC adoption.
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Daikin Industries: Window Of Opportunity Closed Quickly, But Business Performing Well