Lotus Bakeries: Still Too Expensive Despite Double-Digit Growth Profile

Lotus Bakeries continues to deliver strong revenue growth, driven by global demand and capacity expansion in the US and Thailand. Despite robust cash flows and a healthy balance sheet, LOTBY remains expensive, currently trading at about 50x earnings. Even projecting a 40% EBITDA increase by 2028, LOTBY still trades at roughly 35x forward earnings, limiting its investment appeal.