$TechTarget (TTGT.US)$It is an American company listed for $...

Over the past five years, revenue has grown at a slow pace in the first 4 years, and soared by 77.5% in 2021, while operating profit has continued to grow rapidly. The average growth rate for 5 years is 38%, and the average growth rate for the past 3 years is 27%. Net profit grew rapidly in the first 4 years and plummeted 94% in 2021, mainly due to interest expenses of 23.27 million in 2021. The balance sheet showed that long-term loans in 2021 increased from 154 million to 453 million, far exceeding net assets of 223 million. Therefore, interest expenses reached 68% of operating profit in 2021, a very surprising change.

What is interesting is that interest expenses for the first two quarters of 2022 were only 1.54 million, and there was no change in long-term loans. Is it true that interest will be paid centrally in the second half of the year?

In the first half of 2022, revenue increased 26%, operating profit increased to 30 million, and net profit increased to 20 million. However, considering the abnormal situation of interest expenses, profit may fluctuate greatly throughout the year.

The current price-earnings ratio of 150 times TTM is too high no matter what angle you look at it from, the risk is too high.