$Liquidity Services (LQDT.US)$Excluded from the inventory in...

逍遥投资派 commented on a stock · Feb 18, 2024 23:54

$Liquidity Services (LQDT.US)$Excluded from the inventory in March 2022 due to overall revenue shrinkage, the stock price has shrunk by 3% so far.

Listed in 2006, mainly engaged in online auction business, with 88.6% of the market in the USA, the current price is 17.18.

In the past 5 years, revenue has grown for 4 years except for 2020, with an average growth rate of 6.9%. Operating profit turned losses in 2021, reaching 0.027 billion. In the next two years, there was no growth. Net income in 2021 increased significantly to 0.051 billion due to income tax impact. In 2022, it reached 0.04 billion due to restructuring and M&A income. Net income in 2023 is 0.021 billion, which can better reflect the core profitability.

In Q1 2024, revenue shrank by 1.3%, operating profit shrank by 65%, and net income shrank by 52%.

The current PE ratio is 25. Considering the recent lack of obvious profit growth trend, it is temporarily observed.

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