$Natural Grocers by Vitamin Cottage (NGVC.US)$Revenue has be...
$Natural Grocers by Vitamin Cottage (NGVC.US)$Revenue has been growing steadily over the past 5 years, with an average growth rate of 7.2%. Operating profit has fluctuated but increased. In 2020, it increased significantly by 61.6% due to rapid revenue growth and has since remained at a high level of 30 million yuan. Net income also increased to 0.02 million yuan in 2020 and has been growing slowly at that level.
Revenue for the first two quarters of 2023 increased by 2.7%. Operating profit declined by 26.4% due to the rapid increase in operating expenses. Net income declined by 32.6%. The current P/E ratio is 13.3, and the P/E ratio TTM has increased to 17.3 times. Considering the recent slow growth or even contraction, it is currently not attractive.
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