The Fundamental Case for CanonApril 13, 2015
Last week we received a good question from a client asking for our thoughts on Canon, the well-known maker of office machinery and cameras. Excepts from our response are below.
Here are the absolute valuation levels for the group. Of note, all stocks in this group trade for under 10x cash flow, which we would consider to be a low multiple given the fairly high operating strength of these companies.
Canon ranks a little higher than before in terms of valuations: