$Trane Technologies (TT.US)$ Trane Technology (TT) It is an ...

Trane Technology (TT) It is an Irish company that was listed in 1980. From 2002 to now, the stock price has risen from 42.2 to 147, with a 20-year average return of 6.4%, which is better than fixed savings.

The gross margin has basically been around 30% over the past 5 years. With the exception of 12.5% in 2020, the return on net assets has basically been around 19%, reaching 22.5% in 2021.

Revenue increased for 3 years from 2017 to 2019, fell from 16.6 billion to 12.5 billion in 2020, and only recovered to 14.1 billion in 2021. The operating profit curve is basically similar, but it recovered better in 2021, reaching the level of 2019, and the net profit performance is similar to operating profit.

2022 Q1 revenue, operating profit, and net profit increased 11.2%, 9.9%, and 10.8% respectively; 2022 Q2 increased 9%, 9%, and 13%, respectively, and growth continues.

The income statement shows that interest expenses account for about 11% of operating profit.

The balance ratio has risen from 60.3% to 67.5% in the past 5 years. The share of revenue accounts receivable and inventory is relatively normal. The 2021 growth value is close to the net profit growth value, and the actual net operating amount should not have increased much.

Long-term liabilities for 2022/Q2 were $3.79 billion, accounting for 66% of net assets of $5.74 billion. Goodwill of 5.46 billion, which is slightly higher than net worth.

Net cash flow has continued to exceed net investment by a large percentage over the past 5 years, and shareholders' surpluses are good. Liquidity ratios and velocity ratios have been declining.

The current price-earnings ratio is 25.32, and the price-earnings ratio is TTM23.7, which is not very attractive compared to the growth rate.