$RBC Bearings (RBC.US)$Revenue fluctuations declined slightly in the first four years over the past five years, surged 55% in 2022, and operating profit also reached a high of 163 million in 2022. Net profit fell 27% to 65 million due to surging interest expenses and restructuring and mergers and acquisitions expenses. Net profit after deducting preferred stock dividends was only 53 million yuan.
Currently, the price-earnings ratio is 159, and the price-earnings ratio TTM has dropped to 80. Even if the annual net profit reaches the level of 130 million in 2020, the price-earnings ratio has reached 55, which is not very attractive.
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