$Kforce (KFRC.US)$ 🎯 2023.8.9 Current price is 59.2, positi...

New data: the second two quarters of 2022 and the whole year, the first two quarters of 2023

In 2022, revenue increased by 8.3%, operating profit increased by 9.6%, and net profit increased by only 0.3%. Mainly, Q4 net profit declined by 65.6% due to other non-operating expenses.

In the first two quarters of 2023, revenue shrank by 6.8%, operating profit by 20%, and net profit by 24.5%.

Currently, the price-earnings ratio is 16.1, and the price-earnings ratio TTM has increased slightly to 18.3. Currently, the human resource-related industry is still an industry that is greatly affected by the economic cycle. It cannot simply be valued based on growth stocks. If you calculate the five-year average net profit of 779 million yuan, the price-earnings ratio is 15. It seems that the valuation is not low, and the settlement of the position is over.