$Williams-Sonoma (WSM.US)$ 🎯 2024.3.13 Current price 282, 1...

New data: 24Q4, annual revenue of 7.75 billion yuan, a contraction of 10.6%, net profit of 950 million, a contraction of 15.8%. However, despite the decline in revenue in Q4, the increase in net interest rate made Q4's net profit hardly decline year-on-year.

The price-earnings ratio is 19.1. The 5-year average net profit of 850 million corresponds to a price-earnings ratio of 21 million. The 5-year average net profit growth rate is 23%, but net profit increased by only 0.14% from 2022 to 2023 and shrank by 15.8% from 2023 to 2023. There seem to be signs of peaking. Currently, the valuation seems to be too high, and positions can be reduced by half.