$Host Hotels & Resorts (HST.US)$Revenue shrank sharply by 70...
$Host Hotels & Resorts(HST.US$Revenue shrank sharply by 70.4% in 2020, then recovered rapidly in the next two years, but only reached 90% in 2019. Operating profit was lost for two years in 2020 and 2021, reversed losses in 2022 to 95.5% in 2019, and net profit was similar, reaching 67% in 2019.
In the first two quarters of 2023, revenue increased by 13%, operating profit increased by 11.8%, and net profit increased by 33.6%.
Currently, the price-earnings ratio is 18.24, and the price-earnings ratio TTM has dropped to 15.14. If net profit for the whole year increases by 35%, the price-earnings ratio will drop to 13.5 billion. If calculated based on the high net profit of 1.15 billion yuan in 2018, the price-earnings ratio is 9.9. Overall, the current valuation is not very attractive for a cyclical stock.
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