$ABM Industries (ABM.US)$In the past 5 years, in addition to...
$ABM Industries (ABM.US)$In the past 5 years, in addition to a 7.9% contraction in 2020, revenue increased for 4 years, with an average growth rate of 7.4%, with an average growth rate of 7.4%, with operating profit falling sharply by 25.3% in 2021 due to cost fluctuations, and the remaining 4 years of growth. The 5-year average growth rate was 27.3%, of which the increase in 2022 was 69%. Net profit almost returned to zero in 2020 due to capital asset impairment, and the 5-year average growth rate was 51.6%, with an increase of 82.4% in 2022. Interest expenses account for 11.8% of operating profit in 2022, which is a slightly heavy burden.
In the first two quarters of 2023, revenue increased by 3.7%, operating profit decreased by 9.4%, and net profit decreased by 27.6%. Interest expenses for the first two quarters accounted for 25% of operating profit, and the burden was already heavy.
Currently, the price-earnings ratio is 13.3, and the price-earnings ratio has risen to 15.5, which is not very attractive for the time being.
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