$Carlisle Companies (CSL.US)$ Carlisle Partners (CSL) It is ...

Carlisle Partners (CSL) It is an American company that was listed in 1960. From 2002 to now, the stock price has risen from 13.5 to 288. Considering that it also carried out 1 split 2 during the period, the average return for 20 years was 20.6%, which is great.

The gross margin has been around 28% in the past 5 years, and the return on net assets once surged to 23.8%. Most of the time it was below 18%, and in 2021 it was 16.3%, which is not particularly attractive.

Revenue has risen from 4.1 billion to 4.8 billion in the past 5 years, of which it fell 11.8% in 2020; operating profit reached a high point in 2019, fell 26% in 2020, and rebounded 17.4% in 2021; net profit reached a high point in 2018, which should have been income other than the main business. It returned to normal in 2019, fell 32.3% in 2020, and rebounded by 31.7% in 2021. Overall, it increased over 5 years.

In the first two quarters of 2022, revenue, operating profit, and net profit surged 58%, 215%, and 227%, respectively.

The income statement shows that in 2018, there was a profit of 250 million in cessation of operations. If this portion is not taken into account, net profit also declined in 2018. The company's interest expenses have not declined but increased over the past 5 years, indicating that the dependence on loans has not decreased.

The balance sheet has risen from 52.3% to 62% over the past 5 years, mainly because long-term loans have increased rapidly. In addition, goodwill and other intangible assets increased by 1.5 billion dollars in 2021, which should have been a major acquisition, which also explains the increase in long-term debt.

Currently, the price-earnings ratio is 36.5, and the price-earnings ratio is TTM21. You can wait a few more quarters until the impact of the acquisition stabilizes before making a judgment.