They are up over 60% in the last month, with a P/E of 606. Did I miss something? As far as I know, they get most of their money from royalties, which isn’t the most lucrative business. 2.6 billion revenue in 2023, and 632 million in net profit, with a market cap of 168 billion. It seems heavily overvalued, and the recent share price run up has intrigued me.
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