$InterContinental Hotels (IHG.US)$Revenue fell 48.3% in 2020...
$InterContinental Hotels (IHG.US)$Revenue fell 48.3% in 2020, then recovered for two years. Revenue declined slightly over the past 5 years, and operating profit fell sharply by 77.3% in 2020. It has increased sharply in the past two years but is still below pre-pandemic levels. Net profit lost in 2020, reversed losses in 2021, and increased by 41.9% in 2022.
In the first two quarters of 2023, revenue increased by 24.1%, operating profit increased 51.8%, and net profit increased 1.1 times to reach 460 million.
Currently, the price-earnings ratio is 31.2, and the price-earnings ratio TTM has dropped to 21.7. If the net profit for the whole year reaches 920 million, the price-earnings ratio will drop to 14.2, but the high growth rate is usually unsustainable. Watch for a few more quarters before judging.
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