$IBEX Ltd (IBEX.US)$Listed in 2020, the revenue has continue...

逍遥投资派 commented on a stock · Apr 9, 2023 17:44

$IBEX Ltd (IBEX.US)$Listed in 2020, the revenue has continued to grow for 3 years, with an average growth rate of 10.3%. The operating profit has also continued to grow, with an average growth rate of 10.2% in the past two years. It reached 27.49 million in 2022. The net income declined for two years and then sharply increased to 22.99 million in 2022.

The profit statement shows that there were several million in securities losses in 2020 and 2021, with a securities gain of 2.31 million in 2022, which is not high in absolute value, but not low relative to operating profit. Therefore, it is more meaningful to look at the operating profit growth rate.

Revenue increased by 11% in the first two quarters of 2023, operating profit doubled to reach 22.42 million, and net income once again declined by 46% due to losses from the sale of securities.

The current PE ratio is 18.75, which is very attractive relative to the discount of the operating profit growth, but due to the huge fluctuations in the gains and losses on the sale of securities, it is impossible to determine the value, so we are currently taking a wait-and-see approach.

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