$HealthEquity (HQY.US)$In the past 5 years, revenue has cont...

逍遥投资派 commented on a stock · Oct 16, 2023 22:19

$HealthEquity (HQY.US)$In the past 5 years, revenue has continued to grow, with an average growth rate of 30.3%. However, operating profit has been declining for 3 consecutive years since 2021 due to the soaring operating expenses. Net income has also been declining significantly since 2020 due to restructuring and mergers, and has been in continuous losses in the past two years. The balance sheet shows a significant premium acquisition in 2020, with goodwill exceeding 2 billion, while total assets are only 2.57 billion.

In the first half of 2024, revenue increased by 18.5%. Operating profit increased to 0.053 billion due to the slowdown in cost and expense growth rate. Net income increased to 0.015 billion.

The current market cap has reached 6.43 billion. Even if the net income reaches 0.1 billion this year, the P/E ratio is still 64 times, which is not attractive in terms of valuation.

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