$Bio-Techne (TECH.US)$Revenue has maintained growth over the...
$Bio-Techne (TECH.US)$Revenue has maintained growth over the past 5 years, and operating profit has maintained growth for nearly 4 years, with an average growth rate of 26% in the past 3 years. Net income, on the other hand, has grown amidst fluctuations, with an average growth rate of 40% in the past 3 years. Due to the significant impact of non-core income on net income, the growth rate of operating profit is more meaningful.
Revenue increased by 22% in the first three quarters of 2022, while operating profit increased by 28%. Net income increased by 68% due to the impact of other income items.
Currently, the PE ratio is 48 times, the PE ratio TTM is 45 times, and there is not much discount compared to the growth rate of operating profit, which is not very attractive.
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