$Ethan Allen Interiors (ETD.US)$The fiscal year was low in J...
$Ethan Allen Interiors(ETD.US$The fiscal year was low in June. In the past 5 years, revenue contracted in the first two years, then shrank again in the last year. Overall, there was little change. Operating profit increased significantly in the last three years due to improvements in gross margin. It only shrank by 0.2% in 2023, while net profit continued to grow in the past 3 years. There are no interest charges.
According to the quarterly report, revenue has been declining for 3 consecutive quarters, and both operating profit and net profit have continued to decline for 2 quarters. In particular, net profit contracted 19.4% in the second natural quarter of 2023.
Accounts receivable and inventory are all relatively normal. Goodwill and other intangible assets are 45.128 million, accounting for 9.6% of the net assets of 471 million. There are no interestable liabilities, and treasury stocks are 683 million, close to a total market value of 760 million yuan.
Net cash flow has continued to be higher than net investment over the past 5 years, and shareholders' surpluses are high.
Currently, the price-earnings ratio is 7.3 and the dividend rate is 4.4%, but historical dividends are not very stable. Overall, you can choose carefully (⭐️)
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