$RELX PLC (RELX.US)$The UK made an information analysis solu...
$RELX PLC(RELX.US$The UK made an information analysis solution. In the past 5 years, revenue only fell 9.7% in 2020, and the average growth rate was 3.1%, with an average growth rate of 3.1%. Operating profit only fell 26.7% in 2020, and the average growth rate was 4.3%. Of these, it grew 24.2% in 2022, and net profit changed little during the past 5 years. Of these, it only increased 10.9% in 2022 due to income tax.
In the first half of 2023, revenue increased 13.4%, operating profit increased 18.8%, and net profit increased by only 14.9% due to a sharp increase in interest expenses.
The balance ratio declined slightly in 2022 and rose slightly in 2023Q2.
Goodwill and other intangible assets of $11.346 billion are 3.5 times the net assets of $3.248 billion, long-term loans of $5.168 billion, and the leverage ratio is extremely high.
Currently, the price-earnings ratio is 30.8, and the price-earnings ratio has dropped slightly to 28. The valuation is normal compared to the growth rate, but considering the balance sheet situation, it is unattractive.
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