$Emerson Electric (EMR.US)$ 🎯 2023.12.1 Current price 89.5 ...

New data: 23Q4 and throughout the year, Q4 continued to grow.

In 2023, revenue increased 9.9%, operating profit increased 17.1%, continuing operating profit increased 13% to 2.13 billion, and net profit increased 3.1 times.

The balance ratio fell from 54.3% to 37.8%. The receivables and inventory ratio and growth rate were relatively normal. Goodwill and other intangible assets were 20.743 billion, accounting for 785 of the 26.598 billion net assets, and long-term loans were only 7.61 billion yuan, which is lower than the current cash of 8.51 billion dollars.

Currently, the price-earnings ratio is 3.9. If the price-earnings ratio is 24 based on continuing operating profit, the reason behind the low price-earnings ratio valuation given by the market may be that profit from cessation of operations has accounted for too much of the profit from cessation of operations in the past three years. Despite this, the improvement of profit from cessation of operations on the balance sheet is obvious, so it is still possible to choose carefully (⭐️)