$Pentair (PNR.US)$Revenue fell sharply by 40% in 2018. Begin...
$Pentair(PNR.US$Revenue fell sharply by 40% in 2018. Beginning in 2020, it recovered for 3 consecutive years, and has not yet recovered to the 2017 high. Operating profit reached a high point in 2021, falling slightly by 6.5% in 2022, and net profit falling 13% in 2022.
The income statement shows that costs and expenses all increased excessively in 2022, leading to a decline in operating profit. The gross margin fell from 35.3 to 33 in the past 5 years.
Currently, the price-earnings ratio is 20. Even with the highest net profit of 550 million in 2021, the price-earnings ratio has reached 17, which is not supported by growth data.
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