$GXO Logistics (GXO.US)$Mainly serving e-commerce, since its...
$GXO Logistics (GXO.US)$Mainly serving e-commerce, since its listing in 2021, revenue, operating profit, and net income have grown rapidly for two years. In the first half of 2023, revenue increased by 11.3%, operating profit increased by 20.3%, and net income increased by only 2.2% due to restructuring and write-offs.
The balance sheet shows that the debt ratio has increased from 55% to 71% in the past two years and dropped to 69.2% in Q2 2023.
Goodwill increased by 1 billion in 2022, reaching 3.3 billion, which is 1.2 times the net assets of 2.7 billion.
Since its listing, the net cash flow from operating activities has been lower than the net cash flow from investing activities, and it is still in the investment period.
The current pe ratio is 36.6, and the TTM pe ratio has increased slightly to 36.8. Due to the recent large-scale acquisition, the growth and impact of other expenses need to be digested for several quarters. It can be observed for a while.
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