$The Timken (TKR.US)$ 🎯 2024.4.3 The current price is 87.22...

New data: 23Q4. Revenue increased slightly, operating profit shrank 6.6% due to a sharp increase in the share of expenses, and net profit shrank 38% due to other non-operating expenses.

In 2023, revenue increased 6.1%, operating profit increased 7.9%, and net profit shrank 2.2% due to increased interest expenses and other expenses.

Goodwill increased from $1.86 billion to $2.4 billion in 2023. Mid-scale acquisitions should have taken place, and short-term loans increased from 49 million to 610 million. Net cash flow from operating is lower than net investment.

Currently, the price-earnings ratio is 16, and the average 5-year net profit growth rate has dropped to 5.9%. The valuation has exceeded a reasonable range, and it is possible to temporarily withdraw.