$CBIZ Inc (CBZ.US)$Mainly 2B financial services, revenue has...
$CBIZ Inc(CBZ.US$Mainly 2B financial services, revenue has continued to grow over the past 5 years, with an average growth rate of 10.5% in 2022. Operating profit increased by 4 years other than a 13% decline in 2019 due to the rapid increase in costs and expenses, with an average growth rate of 20.4% over 5 years. Of these, net profit increased by 63.2% in 2022. Net profit declined 9.5% in 2021 due to other special expenses, with an average growth rate of 15.8% over the past two years.
Revenue for the first two quarters of 2023 increased 13.2%, operating profit declined 6.6% due to rapid increases in costs and expenses, and net profit increased 11.9% due to large fluctuations in other non-operating income.
Over the past five years, the balance ratio has increased from 50% to 62%, goodwill and other intangible assets of $1,015 million, 1.3 times the net assets of 776 million yuan, long-term loans of $409 million, and the actual leverage ratio is very high.
The share capital is increasing every year. At the same time, stocks in stock have reached 880 million, with only 3.692 million in book cash left, and borrowing money to buy back shares is not cancelled.
Currently, the price-earnings ratio is 27.1, and the price-earnings ratio TTM has dropped slightly to 23.8, which is slightly discounted from the profit growth rate, but considering the quality of the balance sheet, it is not very attractive.
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