$Tri Pointe Homes (TPH.US)$Over the past 5 years, revenue in...
$Tri Pointe Homes(TPH.US$Over the past 5 years, revenue increased for 4 years other than a 5.6% decline in 2019, with an average growth rate of 9.1%, operating profit increased for 4 years other than a 28% decline in 2019, with an average growth rate of 17.5%. Profit increased over 4 years other than a 23.7% decline in 2019, with an average growth rate of 25.4%. There is no interest burden.
In the first two quarters of 2023, revenue shrank by 7.8%, operating profit fell by 44.5%, and net profit fell by only 39.1% due to non-operating income.
The balance ratio fell from 47% to 39.9% over the past five years, and fell further to 39.4% in 2023Q2.
The inventory in 2022 was 3.174 billion yuan, accounting for 73% of that year's revenue, which is slightly higher than the sector average.
Long-term loans amounted to $1.38 billion, accounting for 47.6% of net assets of $2,897 billion. The leverage ratio is at a high level within the sector.
Over the past five years, net cash flow and operating amount have been significantly higher than net investment, and shareholder surpluses are large.
Currently, the price-earnings ratio is 5.8, and the price-earnings ratio TTM has increased to 6.8. If the net profit for the whole year falls by 45%, the price-earnings ratio will increase to 10.5. Considering sector cycle issues, you can only choose carefully (⭐️)
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