$Wipro (WIT.US)$In the 2023.3.19 analysis, it was excluded b...
$Wipro (WIT.US)$In the 2023.3.19 analysis, it was excluded because the valuation was too high compared to the recent growth rate, and the stock price has increased 20% so far.
The Indian company, which was listed in 2000, is mainly engaged in offshore outsourcing business. The main market is the US and the UK. The current price is 5.42.
Revenue has continued to grow over the past 5 years, with an average growth rate of 10.6%. Operating profit shrank 0.6% in 2023 due to a decline in gross margin and a sharp increase in sales expenses. The average growth rate was 10.3%, and the average net profit growth rate was 7.1%.
Currently, the price-earnings ratio is 21.8, the price-earnings ratio TTM21.5, and the growth rate ratio valuation are in a reasonably high region, which is unattractive.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more