$BJ's Wholesale Club Holdings (BJ.US)$🎯 2023.12.20 The curr...

New data: 24Q2, 24Q3, Q2 shrank slightly, Q3 increased slightly

In the first three quarters of 2023, revenue increased by 1.6%, operating profit increased by 5.5%, and net profit shrank by 1.44%. Interest expenses account for 8.2% of operating profit, and the burden is slightly higher. The quarterly return on net assets for the first three quarters was above 10%, which is still quite profitable.

The balance ratio fell from 83.5% at the beginning of the year to 80.2%. Cash did not change much, and there were few receivables or inventories. It is a high-turnover industry.

Goodwill and other intangible assets were $1,118 million, accounting for 83% of net assets of $1,354 million, and long-term loans of $398 million, accounting for 29%. The leverage ratio was slightly higher.

The share capital has increased slightly by 0.8%. I don't know why treasury stocks worth 664 million are not used; instead, more stocks should be issued.

Net cash flow in the first three quarters was slightly higher than net investment, and there was very little shareholder surplus.

Currently, the price-earnings ratio is 17.7, and the price-earnings ratio is TTM 17.8. It should be around 18 for the whole year. There is a certain discount compared to the long-term growth rate, so you can still choose (⭐️)