$Old Dominion Freight Line (ODFL.US)$ 🎯 2023.7.25 The curre...

New data: The third quarter and the whole year after 2022, 2023Q1

In the past 5 years, in addition to a 2.3% decline in 2020, revenue increased for 4 years. The average growth rate was 13.3%. Operating profit increased for 5 consecutive years, the average growth rate was 26%, and the 5-year average net profit growth rate was 24.3%. Interest income in 2022 was 3.32 million, with no interest burden.

In 2023Q1, revenue fell 3.7%, operating profit fell 5.6%, and net profit fell 4.9%. It seems that the market brought about by the pandemic is coming to an end.

The balance ratio is still very low. Currently, it is only 24.4%. Long-term loans of 80 million yuan are negligible compared to net assets of 3.75 billion. The share capital is decreasing year by year, indicating that stocks have been cancelled, which is beneficial to individual stock earnings.

Over the past five years, net operating cash flow has continued to exceed the net investment amount by about double, and shareholders' surpluses are high.

Currently, the price-earnings ratio is 32.6. Considering that the current cycle seems to be about to peak, the high growth rate may be coming to an end, so it is better to wait and see if you close the position for a while.