$Landstar System (LSTR.US)$Revenue, operating profit, and ne...
$Landstar System (LSTR.US)$Revenue, operating profit, and net profit all reached a level in 2021, and growth rates slowed to 13.8%, 13%, and 13% in 2022, respectively.
In the first half of 2023, revenue shrank by 28.8%, operating profit by 40.6%, and net profit by 39%.
Judging from the quarterly report, revenue, operating profit, and net profit have been shrinking for 3 consecutive quarters.
Currently, the price-earnings ratio is 15.9, and the price-earnings ratio TTM has increased to 19.8. If annual net profit shrinks by 40%, the price-earnings ratio will rise to 26.5. If calculated based on a 5-year average net profit of 300 million yuan, the price-earnings ratio is 22.4, and there is no discount on valuation.
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