$BGC Group (BGC.US)$Overall revenue has declined over the pa...
$BGC Group (BGC.US)$Overall revenue has declined over the past 5 years. Operating profit was affected by a sharp rise in costs. There was a brief slight loss of 1 year in 2021. The remaining 4 years were basically around 230 million yuan. Net profit fluctuated greatly due to interest expenses and other expenses, with an average of 123 million dollars over the past 5 years.
In the first two quarters of 2023, revenue increased by 8.9%, operating profit shrank sharply by 56%, and net profit lost slightly.
Currently, the price-earnings ratio is 38.5, and the price-earnings ratio TTM is as high as 278. If calculated based on the 5-year average net profit, the price-earnings ratio is 20.3, and the valuation is unattractive.
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