$Ethan Allen Interiors (ETD.US)$In the fiscal year ending in...

逍遥投资派 commented on a stock · Sep 29, 2023 23:16

$Ethan Allen Interiors (ETD.US)$In the fiscal year ending in June, the revenue has shrunk in the first two years of the past five years, grown in the middle two years, and shrunk again in the most recent year. The overall change is not significant. Operating profit has seen a significant increase in the past three years due to improvements in gross margin, with only a 0.2% shrinkage in 2023. The net income has been continuously growing over the past three years with no interest expenses.

From the quarterly report, the revenue has been continuously declining for three quarters, with both operating profit and net income decreasing for two consecutive quarters. Especially in the second quarter of 2023, the net income shrank by 19.4%.

Accounts receivable and inventory are both quite normal. Goodwill and other intangible assets amount to 45.128 million, accounting for 9.6% of the net assets of 0.471 billion. There are no interest-bearing liabilities. Treasury stock is 0.683 billion, close to the total market value of 0.76 billion.

For the past 5 years, the operating cash flow has consistently exceeded the investment cash flow, resulting in higher shareholder surplus.

Currently the pe is 7.3, dividend yield is 4.4%, but the historical dividends are not very stable. Overall, one can consider choosing cautiously ⭐️.

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逍遥投资派

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