$Diamondrock Hospitality Co (DRH.US)$Revenue shrunk signific...
$Diamondrock Hospitality Co (DRH.US)$Revenue shrunk significantly by 68.1% in 2020, but quickly recovered in the following two years. In 2022, it exceeded the 2019 level by 6.8%. Operating profit incurred losses in 2020 and 2021, but turned around in 2022, surpassing the 2019 level by 64%. Due to a decrease in special income, net income in 2022 only reached 60% of the 2019 level.
Revenue growth in the first two quarters of 2023 increased by 11.8%, operating profit increased by 0.9%, and net income shrank by 23% due to a significant increase in interest expenses.
Currently, the P/E ratio is 17.3, the TTM P/E ratio has increased to 20.3. If the two years of the epidemic are not taken into account, the average net income for the other 3 years is 0.13 billion, corresponding to a P/E ratio of 13.
Currently, the TTM dividend yield is 1.5%, the P/B ratio is 1.05, overall it does not seem very attractive.
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