$Cooper Companies (COO.US)$Revenue has only shrunk by 8.4% i...
$Cooper Companies (COO.US)$Revenue has only shrunk by 8.4% in 2020 in the past 5 years, with growth in the other 4 years and an average growth rate of 9.1%. Operating profit reached a peak of 0.53 billion in 2019, followed by a significant decline of 41%. In 2021, it recovered to 0.51 billion, with little change in 2022. Net income, on the other hand, surged to 2.95 billion in 2021 due to a 2.45 billion income tax refund, with pre-tax profit remaining around 0.47 billion for the past 4 years, except for 2020 with little change.
Revenue in the first two quarters of 2023 increased by 7.4%, while operating profit declined by 6.8% due to a significant increase in operating expenses. Net income, on the other hand, declined by 44%.
Currently, the PE ratio is 47.4, and the TTM PE ratio is 63.2, lacking support from profit growth data.
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