$ConMed (CNMD.US)$In the past 5 years, in addition to a 9.7%...
$ConMed (CNMD.US)$In the past 5 years, in addition to a 9.7% decline in 2020, revenue has increased for 4 years, with an average growth rate of 5.6%. In addition to a sharp decline of 41.8% in 2020 due to a decline in revenue and gross margin, operating profit declined sharply by 36.2% in 2022 due to a decline in gross margin. Net profit surged only once in 2021, declined for the rest of the 4 years, and lost 81 million dollars due to non-operating expenses in 2022.
2023Q1 revenue increased by 21.9%, operating profit decreased by 43.4%, and net profit decreased by 87.9%.
The current market value is 3.8 billion. Even when calculated at the high net profit point of 63 million in 2021, the price-earnings ratio has reached 60, making the valuation unattractive.
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