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$Cooper Companies (COO.US)$Revenue has only shrunk by 8.4% i...

$Cooper Companies(COO.US)$Revenue has only shrunk by 8.4% in 2020 in the past 5 years, and the average growth rate for the remaining 4 years was 9.1%. Operating profit reached a high of 530 million in 2019, then fell sharply by 41%, and returned to 510 million in 2021, with little change in 2022. Net profit surged to 2.95 billion dollars in 2021 due to income tax rebates of 2.45 billion dollars. Profit before tax has been around 470 million for the past 4 years except 2020, with little change.
In the first two quarters of 2023, revenue increased by 7.4%. Operating profit declined 6.8% due to a sharp increase in operating expenses, while net profit fell 44%.
Currently, the price-earnings ratio is 47.4, and the price-earnings ratio has reached 63.2, which is not supported by profit growth data.
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