$Infosys (INFY.US)$In the 2023.3.20 analysis, it was exclude...

The Indian company, which was listed in 1999, is mainly engaged in digital services and consulting business. The main markets are North America and Europe, and the current price is 16.9. Revenue has continued to grow over the past 5 years, with an average growth rate of 9.5%. Operating profit shrank slightly for one year in 2024 due to a decline in gross margin. The average growth rate was 7.4%, and the average growth rate of net profit was 7.6%. Interest income has continued in recent years. Gross margin has declined in the past 5 years for 4 years except 2021, from 33.1% to 30.1%, net profit margin from 18.3% to 17.1%, and return on net assets from 25.9% to 32.1%.

The balance ratio has increased from 29% to 35.8% over the past 5 years, and both total assets and net assets have increased. Receivables account for a relatively high proportion, reaching 35% of revenue in 2024, goodwill and other intangible assets of $1,042 million, accounting for 10% of the net assets of $10.605 billion, and no interest-bearing liabilities.

It currently has 3.433 billion dollars in cash, a current ratio of 2.3, and a moving ratio of 2.1.

Over the past five years, net operating cash flow has been significantly higher than net investment, generating a large number of shareholders' surpluses.

Currently, the price-earnings ratio is 22.3 and the dividend rate is 2.5%. The valuation is in a reasonably high position, so wait and see.