$Penske Automotive (PAG.US)$It is an American company that w...
$Penske Automotive(PAG.US$It is an American company that was listed for $30 in 1996. Since 2002, the price has increased from 26 to 104. In one case, 1 split 2, and the annualized growth rate was 10.9%, which is pretty good. The main business of the company is automobile retail, 60% of the US market and 40% of the overseas market.
The gross margin has basically been around 15% in the past 5 years, and increased to 17.4% in 2021. The return on net assets rebounded from 30% to 16.1% and then reached 32.2% in 2021.
Of the five years, revenue fell 11.8% in 2020, rebounded 25% in 2021, and the two-year average basically reached the level of 2019. Operating profit increased slowly in the first 4 years, surged 92.5% in 2021, while net profit soared 119 percent in 2021.
In the first two quarters of 2022, revenue increased 8.8%, operating profit increased 27%, and net profit increased 42%. On a month-on-month basis, the contraction should begin in Q2 of 2022, and this cycle should have peaked.
Interest expenses have dropped a lot over the past 5 years, and their share of operating profit has dropped to 7%.
Beginning in 2019, the company's equity income gradually increased. In 2021, it reached 375 million yuan, accounting for nearly 30% of operating profit, which greatly contributed to net profit.
The balance ratio has declined from 77% to 69% over the past 5 years, and accounts receivable and inventory have declined overall.
Long-term loans of $1,408 billion, accounting for 34% of net assets of $4.195 billion, are extremely low in the sector.
Net operating in the past 5 years was lower than net investment in the previous 3 years. It has greatly exceeded net investment in the past 2 years, and there are shareholders' surpluses.
Currently, the price-earnings ratio is 7.1, and the price-earnings ratio TTM is 5.8, you can choose (⭐️⭐️)
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