$Ryder System (R.US)$Revenue has only shrunk by 5.6% in 2020...
$Ryder System (R.US)$Revenue has only shrunk by 5.6% in 2020 in the past 5 years, surged by 24.3% in 2022, and at an average growth rate of 10.5% over the past 5 years. Operating profit shrank 45% in 2019 and 32.3% in 2020 due to a sharp decline in gross margin, and increased sharply in the past two years.
The first half of 2023 has entered another period of contraction. Revenue shrank by 1%, and operating profit fell sharply by 13.8%, which is 3 times the interest expenses. The interest burden is very heavy, and net profit shrank by 71%.
Currently, the price-earnings ratio is 6, and the price-earnings ratio TTM has risen to 8.8. If annual net profit falls by 70%, the price-earnings ratio will rise to 20. If calculated based on a 5-year average net profit of 310 million, the price-earnings ratio is 15. The valuation is not low, which is not very attractive.
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