$Avis Budget (CAR.US)$🎯 As of April 2, 2024, the current pr...

New data: Q4 2023, a 3.9% contraction in revenue, a 58.6% contraction in operating profit due to a significant increase in costs, and a 38.7% contraction in net income due to a tax refund.

In 2023, revenue contracted by 2.7%, operating profit contracted by 42.8%, and net income contracted by 41%.

The asset-liability ratio decreased from 102.7% to 101.1%. Total assets increased from 26.6 billion to 32.9 billion. Fixed assets on the asset side increased significantly from 18.64 billion to 23.88 billion. Long-term borrowings on the liability side increased from 18.45 billion to 23.73 billion, which is consistent with the amount of fixed assets. It's a solid use of other people's money to do one's own business.

Inventory shares reached 10.74 billion, a decrease of more than half in the past five years.

In the past five years, the cumulative net cash flow from operating activities is lower than the net cash flow from investing activities, and no shareholder surplus has been generated.

The current P/E ratio is 2.9, and the 5-year average net income of 1.06 billion corresponds to a P/E ratio of 4.1. The valuation is still not high, so careful selection is still possible. (⭐️)