$Ethan Allen Interiors (ETD.US)$🎯 2024.3.12 Current price 3...

New data: 24Q1 and 24Q2, revenue shrank for more than 5 consecutive quarters, and operating profit and net profit shrank for 4 consecutive quarters.

In the first half of 2024, revenue contracted 20.7%, operating profit shrank by 44.6%, and net profit shrank by 44.3%.

The balance ratio fell from 36.8% to 34.5%, accounts receivable fell 36.1% from the same period, and there were no interest-bearing liabilities.

Net cash flow in the first half of the year was higher than net investment, generating some shareholders' surpluses.

Currently, the price-earnings ratio is 8, and the price-earnings ratio is raised to 11. If the annual net profit shrinks by 45% to 60 million, the corresponding price-earnings ratio is 14, and the 5-year average net profit of 68 million yuan corresponds to a price-earnings ratio of 12.3. However, there are many interest payments on this stock. Currently, the dividend ratio is 4.25%. Overall, it is still worth choosing (⭐️)