$Ituran Location & Control (ITRN.US)$Revenue in the past 5 y...

逍遥投资派 commented on a stock · Feb 23, 2023 07:15

$Ituran Location & Control (ITRN.US)$Revenue in the past 5 years fell by only 12% in 2020. Operating profit began to decline in 2019, rebounded 31% in 2021, and has not changed much in the past 5 years. Net profit declined sharply by 88% in 2019 due to capital asset impairment in 2019, and did not recover from the 123% increase in 2020, and increased 1.1 times in 2021, which is still far below the 2018 level.

Revenue increased 8.8% and operating profit increased 7.9% in the first 3 quarters of 2022. There was no impairment during this period, and net profit increased 10.5%.

Currently, the price-earnings ratio is TTM 12.4. The valuation is reasonable and unattractive.

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