$U-Haul (UHAL.B.US)$It mainly leases trucks and warehouses, ...
$U-Haul (UHAL.B.US)$It mainly leases trucks and warehouses, and B shares do not have voting rights, so the price is cheaper. Ordinary investors generally choose B shares, so the trading volume is also higher.
Revenue has continued to grow over the past 5 years. Among them, the growth rate in 2021 and 2022 was very fast. The growth rate in 2023 fell to 2.2%, and the 5-year average growth rate was 10.2%. Operating profit shrank for two years in 2020 and 2023 due to excessive cost growth. The 5-year average growth rate was 20%, and net profit fell 17.8% in 2023. Operating profit in 2023 is 6.6 times interest expenses, which is quite burdensome.
In 2024Q1, revenue fell 3.6%, operating profit fell 20%, and net profit fell 24.1%. There is no sign of reversal of the downward trend.
Net cash flow over the past five years has been lower than net investment, and no shareholder surplus has been generated.
Currently, the price-earnings ratio is 9.5, and the price-earnings ratio TTM has risen to 11.4, which is not very attractive for the time being.
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