$Emerson Electric (EMR.US)$ 🎯 As of December 1, 2023, the c...

New data: Q4 2023 and full year, Q4 continues to grow.

Revenue in 2023 increased by 9.9%, operating profit increased by 17.1%, sustained operating profit increased by 13% to 2.13 billion, and net income increased by 3.1 times.

The debt-to-asset ratio decreased from 54.3% to 37.8%. The proportion and growth rate of accounts receivable and inventory are relatively normal. Goodwill and other intangible assets amount to 20.743 billion, accounting for 785 of the net assets of 26.598 billion. Long-term borrowings are only 7.61 billion, lower than the current cash of 8.051 billion.

The current P/E ratio is 3.9. If calculated based on the PE ratio of 24 for sustained operating profit, the reason behind the low PE valuation given by the market may be the disproportionate share of non-operating profit in the past 3 years' profit. Nevertheless, the improvement of the balance sheet due to the non-operating profit is evident, and caution can still be exercised in the selection process (⭐️).