$Steris PLC (STE.US)$Revenue has continued to grow over the ...
$Steris PLC(STE.US$Revenue has continued to grow over the past 5 years, with an average growth rate of 13.6%, and an 8.1% increase of 8.1% in 2022 to reach 5 billion dollars. In addition to a 22% decline in 2022 due to a sharp rise in operating expenses, operating profit increased for 4 years, with a 5-year average growth rate of 13.7%. Net profit, on the other hand, has declined sharply in the past two years due to soaring interest charges and capital asset impairment.
Revenue reached a level in 2022, and the balance sheet shows that large-scale acquisitions were carried out in 2022. Although they have boosted revenue growth in the past two years, they have brought about significant asset impairment. In fact, this acquisition has caused a sharp decline in net profit recently.
Currently, the price-earnings ratio has reached 189. Even without taking into account the depreciation of 490 million dollars, the profit after tax is only about 500 million yuan, which corresponds to a price-earnings ratio of 40. Given the recent slowdown in revenue growth and the uncertainty of future depreciation, it is currently unattractive.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
