$Atlanticus (ATLC.US)$In addition to 2020, revenue grew for ...
$Atlanticus(ATLC.US$In addition to 2020, revenue grew for 4 years, interest income grew rapidly, and commission income also grew rapidly, but other non-interest income recently turned into losses. In 2021, mainly asset sales losses amounted to 220 million dollars. Credit loss reserves fluctuated greatly, which also had a great impact on net profit.
Revenue fell 20.1% in the first three quarters of 2022, and other non-interest losses reached 400 million dollars. Although credit loss reserves fell to 710,000, net profit declined 12.8%.
Over the past five years, the balance ratio has declined from 108.5% to 83.2%. The net loan amount of 1.41 billion yuan is basically equivalent to long-term loans of 1,422 million yuan. There is also 400 million dollars in cash, and the current market value is 430 million yuan.
Currently, the price-earnings ratio is 3.9, and the price-earnings ratio TTM has risen to 4.2. Although net profit seems to be on an upward trend, it is mainly due to a decrease in credit loss reserves. If the average net profit for the past 3 years is 100 million, the corresponding price-earnings ratio is 4.3, you can make a careful choice (⭐️)
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