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$Alcon (ALC.US)$Revenue shrank by 9% only in 2020 in the pas...

$Alcon (ALC.US)$Revenue shrank by 9% only in 2020 in the past 5 years, with growth in the other 4 years and an average growth rate of 5.1%. Operating profit did not turn around until 2021, with a growth of 15.9% in 2022 to reach 0.67 billion. The recovery of operating profit mainly relied on a significant increase in gross margin. Net income also turned around in 2021, but declined by 11% in 2022 due to higher interest expenses and losses from selling securities.
Revenue increased by 7.5% in Q1 of 2023, with operating profit increasing by 8.9% and net income increasing by 3.6%.
The current P/E ratio of 119.5 seems quite excessive.
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