$Park Hotels & Resorts Inc (PK.US)$Revenue declined signific...
$Park Hotels & Resorts Inc (PK.US)$Revenue declined significantly by 70% in 2020, followed by rapid recovery over the next two years. By 2022, it reached 88% of 2019 levels. Operating profit was in a loss in 2020 and 2021, but turned around in 2022 to reach 63% of 2019 levels. Net income in 2022 reached 55% of the 2019 level.
Revenue increased by 16% in the first two quarters of 2023, operating profit increased by 40%, but due to cancellations, net income suffered a loss of 0.12 billion.
Long-term borrowing is 4.49 billion, which is 1.1 times the 4.013 billion net assets.
Operating cash flow has exceeded investment net cash flow over the past 5 years.
Currently the pe is 18.2, the pe TTM is in a loss state. Excluding the two years of the epidemic, the average net income for the other 3 years is 0.32 billion, corresponding to a pe of 8.7, dividend yield of 4.3%, and pb of only 0.69. A small observation position can be established (👀).
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