$GATX Corp (GATX.US)$It leases railway vehicles. Revenue has...
$GATX Corp (GATX.US)$It leases railway vehicles. Revenue has been growing slowly for the past 4 years, and the overall contraction for 5 years. Operating profit declined in the first 2 years and increased in the next 3 years. Overall, there was almost no change. Net profit continued to shrink in the first 4 years, grew 8.9% in 2022, and has shrunk sharply by more than 50% over the past 5 years.
In the first two quarters of 2023, revenue increased by 8.4%, operating profit increased by 14.8%, and net profit increased by 79.5% due to a sharp increase in fixed asset sales revenue.
Currently, the price-earnings ratio is 27.5, and the price-earnings ratio TTM has dropped to 19.8. If net profit for the whole year increases by 80%, the price-earnings ratio will drop to 15. Considering the shrinking trend and heavy interest burden in the past 5 years, it is not very attractive.
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