$The Middleby (MIDD.US)$Over the past five years, revenue ha...
$The Middleby(MIDD.US$Over the past five years, revenue has only declined 15.1% in 2020. The remaining four years have continued to grow, with an average growth rate of 7.5%. Operating profit is similar, with an average growth rate of 2.9% and a five-year average growth rate of 11.4% in net profit. However, there was other net income of 150 million dollars in 2021, which, if excluded, had a great impact on the growth rate.
In the first three quarters of 2022, revenue increased 25.9%, operating profit increased 20%, and net profit fell 21% to 300 million. In fact, if other net revenue effects in 2021 are excluded, net profit increased in 2022.
Currently, the price-earnings ratio is 18, and the price-earnings ratio TTM has risen to 21.5, which is not attractive compared to the profit growth rate.
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