$Truist Financial (TFC.US)$American company listed in 1985, ...

In the past 5 years, revenue surged 80.7% in 2020, and there was little change in the next three years. As can be seen from goodwill, large acquisitions were carried out in 2019, which should have been the result of the acquisition. The loss of 1.05 billion dollars in 2023 was affected by the depreciation of 6.078 billion capital assets. It should have been a sequelae of this acquisition. It was only revealed after 4 years. We must be wary of large-scale acquisitions. The average net profit for the past 4 years is 4.04 billion, and the net profit of minority shareholders can be ignored. The return on net assets was 10.2% in 2022 and -2.7% in 2023.

The balance ratio has increased from 85.9% to 88.9% over the past 5 years. Goodwill and other intangible assets were $27.439 billion, accounting for 46.3% of the net assets of $59.253 billion. There was a slight decrease in common share capital.

Currently, the price-earnings ratio is loss. The 4-year average net profit corresponds to a price-earnings ratio of 12.1, a net price-earnings ratio of 0.93, and a dividend ratio of 5.7%. Dividends have been growing steadily in the past 10 years, and are not very attractive in terms of valuation.