$Masco (MAS.US)$🎯 2023.8.3 The current price is 59.2, and t...
$Masco(MAS.US$🎯 2023.8.3 The current price is 59.2, and the position is floating profit of 10%. It has been 12 months since the purchase, which has reached the retrading standard
New data: the second two quarters of 2022 and the whole year, the first two quarters of 2023
Revenue increased by 3.6% in 2022, and operating profit shrank by 8.8% due to a sharp decline in gross margin. Net profit increased by 89.3% due to a reduction in non-operating expenses of 420 million last year. This is not an improvement in core profitability.
Revenue fell 9.8% in the first two quarters of 2023. Operating profit fell only 5.7% due to increased gross margin, and net profit fell 8.6%.
Currently, the price-earnings ratio is 16.4, and the price-earnings ratio has increased slightly to 16.8. If the price-earnings ratio is calculated based on a 5-year average net profit of 885 million yuan, the price-earnings ratio is 15.1. The valuation seems too high, and the position has been closed.
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