$Cass Information Systems (CASS.US)$Currently, interest inco...
$Cass Information Systems(CASS.US$Currently, interest income has exceeded non-interest income, so financial reports are in accordance with the standards of financial institutions. In the past 5 years, in addition to a 7.9% contraction in 2020, revenue increased for 4 years. The average growth rate was 6.2%, net profit fell 17.2% in 2020, and the 5-year average growth rate was 6.9%.
Revenue increased by 12.1% in the first two quarters of 2023, but net profit shrank 15.3% due to excessive growth in non-interest expenses.
Currently, the price-earnings ratio is 15.2, and the price-earnings ratio has risen slightly to 16.4. The growth rate is too high compared to the valuation, which is unattractive.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
