Sumitomo Corporation: Fair Valuation Given Performance And Quality Of Peers [Seeking Alpha]
SUMITOMO CORP S/ADR (SSUMY)
NASDAQ:AMEX Investor Relations:
sumitomocorp.co.jp/en/ir
Company Research
Source: Seeking Alpha
The company is heavily weighted toward commodities, making it susceptible to volatility in prices, which has already been observed with profitability declining in the LTM. While we believe it has a portfolio of quality assets, Management's approach has likely left it in an inferior position relative to its directly comparable peers. This said, we do expect shareholder returns to improve as Buffett's investment encourages greater distributions alongside optimizing its ROE. Sumitomo's valuation does not imply value in our view, particularly given its performance relative to its peers. Investment thesis Our current investment thesis is: Sumitomo is a quality business with superior peers. The business is managing to keep pace but barely so. While its strategy transitions to be more aggressive, with a greater focus on growth, execution is still lacking and competition for quality assets is high. Further, we are not wholly positive about its weighting toward commodities, whic
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News
- Should Value Investors Buy Sumitomo (SSUMY) Stock? [Yahoo! Finance]Yahoo! Finance
- Syzygy Plasmonics Demonstrates Groundbreaking CO2-to-Fuel Solution with RTI International [Yahoo! Finance]Yahoo! Finance
- Sumitomo Corporation: Still Neutral After Reviewing Results And Financial Targets [Seeking Alpha]Seeking Alpha
- SCOA Real Estate Partners Welcomes Chad Bozza as Executive Vice President and Head of Residential TeamPR Newswire
- Japan's Sumitomo Corp net profit down 32% on Madagascar one-off loss [Reuters]Reuters