Renault SA Stock: Cheap For A Reason (OTCMKTS:RNLSY)

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Richard Bord/Getty Images News Renault SA (OTCPK:RNSDF;OTCPK:RNLSY) has returned to profitability and improved margins to record levels. Based on its improved financials, the company’s stock appears to be valued rather cheaply. Below, I explain what I believe to be the reasons and discuss why I believe the low valuation to be justified. Strong Financials From a financial point of view, Renault appears in good shape. Net income exceeded 2 billion for the first six months of FY2023. The second half results are all but certain to be somewhat weaker in terms of profit due to a negative contribution by Nissan...