$Andersons (ANDE.US)$In the past 5 years, revenue shrank in ...
$Andersons(ANDE.US$In the past 5 years, revenue shrank in the first two years, then continued to grow for 3 years, reaching 12.6 billion dollars in 2021. Operating profit continued to grow in the remaining 4 years, reaching 170 million in 2021, with an average 5-year growth rate of 44%. Net profit was affected by interest expenses and other profit and loss. It began to decline continuously for 3 years in 2018, entered a loss range in 2020, and only a significant profit of 140 million in 2021.
In the first three quarters of 2022, revenue increased by 43%, operating profit increased 1.1 times to 180 million, and net profit reached 150 million. After excluding minority shareholders' profits, the net profit of listed companies was 120 million.
Currently, the price-earnings ratio is 12, and the price-earnings ratio is 8.4. If the net profit for the year is 160 million, the corresponding price-earnings ratio is 7.8. Since it is based on the price-earnings ratio derived from net profit after the sharp rise, the current valuation is still too high.
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