$ArcBest (ARCB.US)$🎯 2023.8.29 The current price is 105.7. ...

New data: the third quarter after 2022 and the whole year, 2023Q1 and Q2

In 2022, revenue increased by 33.8%, operating profit increased by 42.1%, and net profit increased by 39.7%.

In the first half of 2023, revenue shrank by 14.7%, operating profit by 70.3%, and net profit shrank by only 35% due to the impact of cessation of operating profit.

Currently, the price-earnings ratio is 9, and the price-earnings ratio TTM has been raised to 11. If annual profit shrinks by 50%, the price-earnings ratio will rise to 18. If calculated based on a 5-year average net profit of 140 million yuan, the price-earnings ratio is 18. The valuation seems very reasonable and unattractive.