$Emerson Electric (EMR.US)$🎯 On April 3, 2024, the current ...

New data: In Q1 24, revenue continued to grow, operating profit shrank by 22.7% due to a significant increase in depreciation expenses, and net profit shrank by 94% due to the impact of restructuring and merger fees.

Currently, the PE ratio is 4.97, the PE ratio TTM is 5.94, due to a cessation of operating profit in 2023 of 11.07 billion, the continuing operating profit is only 2.127 billion. The 5-year average net profit of 4.6 billion corresponds to a PE ratio of 14.

Due to the overall decline in continuing operating profit in the past 5 years, performance growth is mainly supported by the shutdown and sale of assets. In Q1 23, the company conducted a large-scale merger and goodwill increased from 20.7 billion to 29.3 billion. In addition to a significant decrease in cash, short-term borrowings also increased by 2.7 billion. The recent performance has become very difficult to predict due to the merger, so it is advisable to reduce positions to reduce risks.