$NetScout Systems (NTCT.US)$Overall revenue declined slowly ...
$NetScout Systems(NTCT.US$Overall revenue declined slowly over the past 5 years, while operating profit reversed losses in 2020 and continued to grow rapidly for 3 years. Net profit was affected by income tax and other revenue, and there was a big difference with operating profit. The loss was reversed in 2021, and surged 85.4% in 2022.
The income statement shows that the company's costs and operating expenses have continued to decline, so operating profit has increased even when revenue has not increased. At the same time, interest expenses have declined continuously for the past 3 years, which also contributed to net profit.
In the first two quarters of 2022, revenue increased 8.6%, operating profit increased 8.3 times to 14 million, and net profit increased 4 times to 10.25 million.
The current PE ratio is 72.7, and the PE ratio is TTM 52.1.
Looking at the past 5 years, the net interest rate reached a maximum of 4.2%, and the net profit margin for the first half of 2023 was 7.6%. Assuming that annual revenue increased 10% to 940 million, net profit was optimized to 8%, and net profit reached 75 million. The corresponding price-earnings ratio was 33.6 million. It seems still too high. Let's wait and see.
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