$Terex Corp (TEX.US)$It is an American company that listed i...
$Terex Corp(TEX.US$It is an American company that listed in 1991. the price has risen from $17.60 to $37 since 2002, considering that it was split once and the average return was 7.4%, which is not bad.
The gross profit margin has been around 19% in the past five years, but only fell to 17.5% in 2020. The return on equity rose from 9.5% to 21.75%, with only-1.1% in 2020 and an average of 9.4% over five years, which looks unattractive.
Revenue bottomed in 2020 and has not returned to 2019 levels in 2021. Operating profit is similar, approaching 2019 levels in 2021. With a discontinued loss of 155 million in 2019, net profit in 2021 appears to be much higher than in 2019. Excluding this effect, net profit growth in 2019 is modest.
Revenue, operating profit and net profit increased by 9.3%, 3% and 10.5% respectively in the first two quarters of 2022. The increase in net profit was mainly due to the decline in interest expenses and other expenses.
At present, TTM is not very attractive at 11.83x and 11.15x.
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