$Container Store (TCS.US)$Over the past 5 years, revenue con...
$Container Store (TCS.US)$Over the past 5 years, revenue continued to grow until 2022, shrinking 4.3% in 2023, with an average 5-year growth rate of 4%. Amid fluctuations in operating profit, it grew to 125 million in 2022, shrank sharply by 44% in 2023, while net profit lost 160 million yuan in 2023, which is equivalent to the profit of the previous 3 years. The main reason is that there was a write-off of 200 million dollars, which is equivalent to filling a hole in the past, and should be spread out over the past few years.
If you calculate the 5-year average net profit of 3.5 million, the current price-earnings ratio of 47 is still not that low; it is currently unattractive.
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