$Clean Harbors (CLH.US)$ 🎯 2024.4.1 Current price 197.59, f...

New data: In 23Q4, revenue continued to grow, and operating profit and net profit were affected by a decrease in the share of gross margin growth expenses, reversing the shrinking trend and turning into a sharp increase.

In 2023, revenue increased by 4.7%, operating profit shrank by 3.5%, and net profit shrank by 8.2%. The sharp increase in 2022 appears to have been brought about by acquisitions at the end of 2021, with limited sustainability.

Currently, the price-earnings ratio is 28.44. Considering the suspension of profitability growth, the current valuation is too high and can be settled profitably.