$Enova (ENVA.US)$There was little change in revenue fluctuat...
$Enova (ENVA.US)$There was little change in revenue fluctuations in the first 4 years of the past 5 years. Operating profit soared 43.7% in 2022. Operating profit reached a high of 410 million yuan in 2021 and fell 7% to 380 million in 2022. Net profit was still very low due to other revenue items until 2019. Revenue from restructuring and mergers and acquisitions in 2020 was 163 million, once reaching 380 million. After 2021, it was also affected by rising interest expenses, and net profit declined continuously for 2 years.
Interest expenses account for 30% of operating profit in 2022, which is a heavy burden.
Currently, the price-earnings ratio is 8.1 and the net price-earnings ratio is 1.33, so I can't see a strong investment value.
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