$Ritchie Bros Auctioneers (RBA.US)$It is an industrial and a...
$Ritchie Bros Auctioneers(RBA.US$It is an industrial and agricultural industry auction. Revenue has continued to grow over the past 5 years, with an average growth rate of 12.2%, with operating profit growing continuously. The average growth rate was 15.5%, with an average growth rate of 15.5%, with an increase of 18.7% in 2022. Net profit fell 10.9% in 2021 due to restructuring and merger and acquisition expenses, and soared to 320 million in 2022 due to the sales revenue of 171 million fixed assets. If this portion of revenue is not calculated, profit before tax in 2022 is basically the same as 2020.
In the first two quarters of 2023, revenue increased by 84.3%, operating profit increased by 93.4%, and net profit declined 75% due to a sharp increase in interest expenses and restructuring and mergers and acquisitions of 173 million dollars. Profit before tax did not change much if income from the sale of fixed assets in 2022 was not taken into account.
Currently, the price-earnings ratio is 20.5, and the price-earnings ratio is raised to 54.2. If the earnings from the sale of fixed assets in 2021 and the restructuring and merger and acquisition expenses in 2022 are excluded, the price-earnings ratio and price-earnings ratio TTM will be 54 and 21, which is a certain discount compared to the growth rate of operating profit. However, considering that large-scale acquisitions have just been carried out in 2023Q1, we need to observe more about the performance after the acquisition.
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