$Mohawk Industries (MHK.US)$They make floor carpets and tile...

逍遥投资派 commented on a stock · Sep 28, 2023 09:40

$Mohawk Industries(MHK.US)$They make floor carpets and tiles. In the past 5 years, in addition to the decline in 2019 and 2020, revenue increased for 3 years, with an average growth rate of 4.3%. Operating profit only grew in 2021, and contracted for the remaining 4 years. The overall trend of contraction was. Net profit almost returned to zero in 2022 due to the impairment of capital assets.

In the first half of 2023, revenue continued to shrink by 6.7%, operating profit by 60%, and net profit by 65.5%.

Currently, the price-earnings ratio is 217. If you calculate the 5-year average net profit of 640 million, the price-earnings ratio is 8.4 million, but considering the overall shrinking trend, the current valuation is not very attractive.

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逍遥投资派

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