$Vipshop (VIPS.US)$It was excluded from the March 2022 inven...

The Chinese company, which was listed in 2012, is mainly engaged in brand retail business. It has a single Chinese market, and the current price is 16.88.

In the past 5 years, revenue grew in the first 4 years, shrank by 11.9% in 2022, and grew at an average growth rate of 7.2%. The average growth rate was 18%, of which it grew 10.9% in 2022. Net profit was significantly higher than operating profit in 2020 and 2022 due to other revenue, with an average 5-year growth rate of 27.2%. There has been high interest income in recent years, and there is no interest burden. The gross margin has basically fluctuated around 20% in the past 5 years, and the return on net assets has been higher than 20% for 2 years and less than 20% for 3 years.

In the first three quarters of 2023, revenue increased by 9.5%, operating profit increased sharply by 47.4% due to increased gross margin, and net profit increased by 28.2%.

The balance ratio has dropped from 60.5% to 48% in the past 5 years, and is currently 43.6%. The ratio and growth rate of accounts receivable and inventory are normal. Goodwill and other intangible assets are increasing year by year. Currently, it is 10.962 billion, accounting for 31.2% of the net assets of 35.129 billion dollars, and there are no long-term loans. The treasury stock was 3,601 billion, and the share capital declined in the past 3 quarters.

Currently, the cash is 19.292 billion, and there is plenty of liquidity.

Over the past five years, net operating cash flow has been significantly higher than net investment, generating a large percentage of shareholder surpluses.

Currently, the price-earnings ratio is 12.5, and the price-earnings ratio is TTM9. There is a big discount compared to the long-term growth rate, so you can choose (⭐️⭐️)