$Avis Budget (CAR.US)$🎯 2024.4.2 Current price 120.93, posi...

New data: In 23Q4, revenue shrank by 3.9%, operating profit shrank by 58.6% due to a sharp increase in costs, and net profit shrank by only 38.7% due to income tax rebates.

In 2023, revenue shrank 2.7%, operating profit shrank 42.8%, and net profit shrank 41%.

The balance ratio fell from 102.7% to 101.1%, total assets increased from 26.6 billion yuan to 32.9 billion, asset-side fixed assets increased sharply from 18.64 billion to 23.88 billion yuan, and debt-side long-term loans increased from 18.45 billion to 23.73 billion yuan. Basically, the amount of fixed assets is consistent, and the proper use of other people's money to do one's own business.

Treasury stocks reached $10.74 billion, and common shares have been reduced by more than half in five years.

The cumulative net cash flow operating amount over the past 5 years has been lower than the net investment amount, and no shareholders' surplus has been generated.

Currently, the price-earnings ratio is 2.9, and the 5-year average net profit of 1.06 billion yuan corresponds to a price-earnings ratio of 4.1. The valuation is still not high, so you can still choose carefully (⭐️)