$Masco (MAS.US)$🎯 On August 3, 2023, the current price is 5...
$Masco (MAS.US)$🎯 On August 3, 2023, the current price is 59.2, with a 10% unrealized gain in the position. It has been exactly 12 months since the purchase, meeting the review criteria.
New data: the last two quarters and the whole year after 2022, the first two quarters of 2023.
In 2022, the revenue increased by 3.6%. Operating profit shrank by 8.8% due to a significant decrease in gross margin. Net income increased by 89.3% due to the absence of 0.42 billion non-operating expenses from last year, but this does not indicate an improvement in core profitability.
In the first two quarters of 2023, the revenue declined by 9.8%. Operating profit only declined by 5.7% due to the impact of an increase in gross margin. Net income declined by 8.6%.
The current P/E ratio is 16.4, and the TTM P/E ratio has slightly increased to 16.8. If calculated based on the 5-year average net income of 0.885 billion, the P/E ratio is 15.1, which seems to be overvalued. It is recommended to close the position.
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