SBGSF - Schneider Electric: 'Buy' Was The Right Call Based On Fundamentals
2024-05-28 23:42:56 ET
Summary
- Schneider Electric continues to present with attractive business economics.
- The company's fundamentals, including high gross and operating margins, contribute to its higher-than-average market value in my view.
- Q1 2024 results show growth in energy management sales and a positive outlook for revenue and pre-tax margin growth in 2024.
Investment summary
Following my last report on Schneider Electric (SBGSF) (SBGSY), titled " Dividends well-supported by economic performance", I have been pleased to see a 51% change in the company's market valuation. In the prior report, on conservative figures, I judged that a 24% price-value gap to the upside existed, backed by SBGSF's excellent fundamentals. So the surplus return has been great.
There have been multiple updates to the investment debate since that report, including 1) recent earnings and 2) additional profit drivers, as I'll discuss here today....
Schneider Electric: 'Buy' Was The Right Call Based On Fundamentals