Sumitomo Corporation: Still Neutral After Reviewing Results And Financial Targets [Seeking Alpha]
SUMITOMO CORP S/ADR (SSUMY)
NASDAQ:AMEX Investor Relations:
sumitomocorp.co.jp/en/ir
Company Research
Source: Seeking Alpha
The company aims to achieve a ROE of 12% in FY 2026, which is reflected in its P/B valuation metric based on a Gordon Growth Model valuation analysis. I stay Neutral on Sumitomo Corporation, following an evaluation of its recent fiscal year results and its financial goals. Elevator Pitch I have a Hold investment rating for Sumitomo Corporation OTCPK:SSUMF OTCPK:SSUMY ) [8053:JP]. My earlier December 15, 2023 initiation article drew attention to Sumitomo Corporation's portfolio restructuring efforts, the company's recent quarterly performance, and the stock's valuation metrics. Recommended For You Recommended For You
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- Sumitomo acquires equity stake in EEW Offshore Wind [Yahoo! Finance]Yahoo! Finance
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