$Marten Transport (MRTN.US)$🎯 2023.8.1 The current price is...

New data: third quarter and full year of 2022, first half of 2023

Revenue surged 29.8% in 2022, the 5-year average growth rate increased to 12.6%, operating profit increased 36.2%, the 5-year average growth rate was 20.4%, net profit increased 29.2% in 2022, and the average growth rate for the past 3 years was 21.7%. There are no interest charges.

In the first half of 2023, revenue contracted by 5.4%. Operating profit fell sharply by 28.2% due to falling gross margin and higher expenses, and net profit fell 2%.

The balance sheet is healthy and there are no long-term loans.

Over the past 5 years, net operating cash flow slightly exceeded net investment, and there was a certain shareholders' surplus.

Currently, the price-earnings ratio is 16.4, and the price-earnings ratio is slightly raised to 18.8. Although it appears to have entered a downward cycle, the balance sheet is very healthy, and long-term growth seems to be able to offset the impact of part of the cycle, and no adjustments will be made for the time being.