$Hovnanian Enterprises (HOV.US)$Net profit has fluctuated gr...
$Hovnanian Enterprises (HOV.US)$Net profit has fluctuated greatly over the past five years due to high interest charges and income taxes, and the balance ratio has dropped from 127.3% to 82.7%.
In the first half of 2023, revenue fell 3.9%, operating profit fell 40.7%, net profit fell 39.4%, and interest expenses accounted for 36% of operating profit, which was a heavy burden.
Currently, the price-earnings ratio is 3.6, and the price-earnings ratio has risen slightly to 4.3. The current valuation is not very high, but considering the stability of net profit, it is better to wait and see for the time being.
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