$Tootsie Roll Industries (TR.US)$In the past 5 years, the re...
$Tootsie Roll Industries (TR.US)$In the past 5 years, the revenue fluctuation has remained relatively stable, while the operating profit has continued to decline for 4 years and rebounded by 15% in 2021, but it did not surpass the level of 2019. The net income has dropped significantly from 0.081 billion to around 0.06 billion and has been maintained for 4 years.
In the first three quarters of 2022, the revenue increased by 23%, and the operating profit increased significantly by 78% by controlling the operating expenses. However, it was offset by other non-operating expenses, resulting in a net profit growth of only 12%.
Currently, the PE ratio is 48 times, and the TTM PE ratio of 45 times is not attractive.
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