$Moelis & Co (MC.US)$I am in the investment banking industry...
$Moelis & Co (MC.US)$I am in the investment banking industry. The revenue has fluctuated in the first three years of the past five years. In 2021, it increased significantly by 63%, and then decreased by 36% in 2022, returning to the level of 2020. The average growth rate in the past five years is 7.5%. Operating profit skyrocketed by 86.6% in 2021, but dropped by 56.4% in 2022, returning to the level of 2018. The average growth rate over five years is 5.6%. Net income increased significantly by 94% in 2021, but decreased by 60% in 2022. The average growth rate over five years is 6%.
The revenue in the first half of 2023 shrunk significantly by 32.5%, and the operating profit suffered a loss of 0.011 billion. The net income was only a loss of 0.01 billion due to the impact of income tax refunds.
The current P/E ratio is 20.8, and the trailing P/E ratio has increased to 84. If calculated based on the five-year average net income of 0.23 billion, the P/E ratio is 12.9. Regardless of growth or cycle, the valuation is too high.
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