$Old Dominion Freight Line (ODFL.US)$ 🎯 On July 25, 2023, t...

Additional data: The last three quarters and full year after 2022, as well as the first quarter of 2023.

Revenue has grown over the past 5 years except for a decline of 2.3% in 2020, with an average growth rate of 13.3% for 4 years. Operating profit has grown for 5 consecutive years with an average growth rate of 26%, while net income has an average growth rate of 24.3% over 5 years. In 2022, interest income was 3.32 million, with no interest burden.

In Q1 2023, revenue declined by 3.7%, operating profit declined by 5.6%, net income declined by 4.9%, it seems that the market situation brought about by the epidemic is coming to an end.

The asset-liability ratio is still very low, currently only 24.4%, with long-term borrowings of 0.08 billion, which can be ignored compared to the net assets of 3.75 billion. The share capital has been decreasing year by year, indicating that stocks have been continuously cancelled, which is beneficial for individual stock returns.

For the past 5 years, the operating cash flow has continued to exceed the investment cash flow by about twice, with more shareholder earnings.

The current P/E ratio is 32.6, considering that the current cycle seems to be reaching its peak, high growth may soon come to an end, it is better to temporarily close positions and wait and see.