$Keurig Dr Pepper (KDP.US)$The US company, which was listed ...

Revenue has continued to grow over the past 5 years, with an average growth rate of 16%. Operating profit declined in 2018 and 2022 due to gross margin and expense growth, with an average growth rate of 15%. Net profit increased sharply in 2021 due to business sales revenue, with an average growth rate of 6.1%. Interest expenses account for 25% of operating profit in 2022, and the interest burden is very heavy. Gross margin has not changed much in the past 5 years. Except for 2021, when the return on net assets reached 8.8%, it was below 5.7% for the rest of the four years, and the performance was poor.

In the first three quarters of 2023, revenue increased 6.8%, operating profit increased 15.8%, and net profit increased 51%.

Currently, the price-earnings ratio is 31.5, and the price-earnings ratio is TTM23.2. If net profit increases by 51% throughout the year, the price-earnings ratio will drop to 20.9, and the valuation and profit growth ratio is not very attractive.