$TELUS International (TIXT.US)$Excluded from the fall 2022 i...

The Canadian company listed in 2021 is mainly engaged in the digital customer experience business, global market, and the current price is 9.4.

Since the launch, revenue has continued to grow for 3 years, with an average growth rate of 19.6%, and the growth rate declined to 9.7% in 2023. Operating profit shrank sharply in 2021 due to a sharp decline in gross margin, and shrank by 20.4% in 2023 due to a sharp increase in operating expenses. Overall, there has been almost no change in the past 3 years. Net profit declined sharply by 70.5% in 2023 due to a sharp increase in interest expenses. Interest expenses account for 55.8% of operating profit in 2023, and the interest burden is extremely heavy. Gross margin fell first after listing and then increased. Currently, it is 83%, which is still lower than the pre-listing level of 84.6%, and is likely to lack scale effects.

The current price-earnings ratio is 52.2, which is not supported by growth data.