Was doing an analysis on HPQ but came across Lenovo and it looks interesting to me.
PE : 5
P/S : 0.14
EV/EBITDA : 2
FCF Yield : 28.3%
Dividend Yield : 5.43%
ROCE : 26.8%
Lenovo has 24% market share of the PC market, revenue has gone up 40% since 2019, op income up nearly 300%. Debt has gone up but it’s not really a concern as they have plenty FCF.
What am I missing? Why have capital gain shareholder returns been so poor?
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