$Emerson Electric (EMR.US)$🎯 2024.4.3 The current price is ...

New data: In 24Q1, revenue continued to grow, operating profit shrank 22.7% due to a sharp increase in depreciation expenses, and net profit shrank 94% due to restructuring and merger and acquisition expenses.

Currently, the price-earnings ratio is 4.97, and the price-earnings ratio is TTM 5.94. Since there was a suspended profit of 11.07 billion yuan in 2023, the continuing operating profit is only 2.127 billion yuan. The five-year average net profit of 4.6 billion dollars corresponds to a price-earnings ratio of 14.

Due to the overall contraction in profit from continuing operations in the past 5 years, performance growth was basically supported by shutdown and resale. 23Q1 carried out large-scale mergers and acquisitions, and its goodwill increased from 20.7 billion to 29.3 billion dollars. In addition to a sharp decline in cash, short-term loans also increased by 2.7 billion dollars. Mergers and acquisitions make recent results very difficult to predict, and positions are appropriately reduced to reduce risk.