$OppFi (OPFI.US)$It is an American company that was listed i...
$OppFi (OPFI.US)$It is an American company that was listed in 2020. The average revenue growth rate in the past two years was more than 20%, and the operating profit growth rate was about 70%. The net profit growth rate slowed down due to losses in the sale of securities in 2021. This is very puzzling.
In the first three quarters of 2022, revenue increased 31%, operating profit increased 53%, and net profit declined 72% due to loss of 155 million securities sales.
The problem is not only that. Net profit in 2021 was close to 90 million, but minority shareholders split 64.24 million, leaving only 25.55 million common shareholders.
Currently, TTM with a price-earnings ratio of 3.5 times seems very cheap, but considering the distribution of minority shareholders, the actual price-earnings ratio is actually far above 10, and there is no investment value.
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