$Interparfums (IPAR.US)$ IPAR Eau de Parfum It is a French c...

IPAR Eau de Parfum It is a French company that went public in 1988 at a listing price of 4 US dollars. The current price is 69.4. Considering that it has gone through 3 splits and 3 times in the middle, the current price is actually 234 US dollars, an increase of nearly 60 times. The gross margin remained at around 63%.

Revenue, operating profit, and net profit have all maintained rapid growth over the past 5 years, with the exception of 2020. Net profit grew at an average rate of 20.5%.

Revenue, operating profit, and net profit all increased by more than 20% in Q1 2022.

The income statement shows that the company has no interest charges. The balance ratio has risen from 26.6% to 35% over the past 5 years, and long-term loans have increased by 130 million dollars in 2021.

The cash flow statement shows a net investment outflow of 188 million dollars in 2021, which may be the reason for increasing long-term borrowing.

Over the past 5 years, with the exception of 2021, net operating cash has greatly exceeded net cash from investment activities, and the surplus is quite good.

Currently, the price-earnings ratio is 25.2, and the price-earnings ratio is TTM23.3, which is a factor higher than the average growth rate of net profit, but considering the quality of the balance sheet, it is possible to lay out a small amount first (⭐️)