$WillScot Holdings (WSC.US)$🎯 2024.4.2 Current price 43.67,...

New data: 23Q3 and 23Q4. Revenue and operating profit continued to grow, and net profit shrank due to a sharp increase in interest expenses and income tax.

In 2023, revenue increased by 10.4%, operating profit increased by 32.8%, net profit increased by 40.3%, and interest expenses accounted for 30% of operating profit, which is a heavy burden.

The balance ratio increased from 73.1% to 79.5%, and total assets increased from 4.26 billion to 4.88 billion. The asset side mainly increased fixed assets. Long-term loans on the debt side increased from 3.06 billion yuan to 3.54 billion yuan, nearly 3 times the net assets of 1,261 billion yuan, and goodwill of 1.6 billion yuan.

Fortunately, the net operating cash flow is still more than double the net investment amount, and shareholders' surpluses are quite high.

Currently, the price-earnings ratio is 18.6, and there is still a certain discount compared to the growth rate, so you can still choose carefully (⭐️)