A low ROE and high debt usage is unattractive. High quality businesses can achieve high ROE without debt. If two companies have equal ROE, the less indebted one is preferred.
Avantor's high P/E is buoyed by investor expectations of robust future growth and an outstanding earnings outlook, supported by mid-term rates of earnings growth. As long as conditions hold, these factors will sustain the stock’s price.
Avantor remains good investment as it is undervalued offering future growth prospects. Despite market risks and volatility, investors are urged to consider other factors like company's balance sheet strength before deciding.
Avantor's low ROE, despite leverage usage, is not an appealing investment. Reliance on fiscal leverage especially during uncertain credit market conditions could pose higher risk. Consider the company's performance without borrowing abilities.
$潮水公司(TDW.US)$nitiated at buy by BTIG, announced target price at $75.00. $泰勒科技(TYL.US)$initiated at overweight by JP Morgan, announced targe price at $472.00. $Adobe(ADBE.US)$was upgraded by BMO Capital from market perform to outperform, increased target price to $570.00. $Spotify Technology(SPOT.US)$was upgraded by Wolfe Research from peer perform to outperform, increased target price to $190.00. $特斯拉(TSLA.US)$w...
Nyc_FrosFbmThe Cow King:
Right! After all these big moves Elon making! Seems like they shorting! And want to change the narrative! Not to cover they shorts!
Avantor股票讨论区
新增数据:2023前两季度
营收已经连续3个季度萎缩,营业利润和净利润连续萎缩两个季度,其中净利润在2023Q2转为亏损。
2023前两季度营收萎缩8.7%,营业利润受毛利下滑和费用提升的影响萎缩了23%,净利润受利息杠杆和资本性资产减值影响大幅萎缩70%。上半年利息费用占营业利润的32%,负担极重。
商誉及其他无形资产目前减值到了95.89亿,是50.11亿净资产的近两倍,资产很虚,长期借款55.7亿,杠杆率极高,利息负担很重。
目前市盈率20.8,市盈率TTM已经增加到33.3,对于周期股来说太高了,平仓了结。
专栏US Top Gap Ups and Downs on 7/28: ROKU, XPEV, BILI, IQ and More
Gap Ups
1. $Reata Pharmaceuticals(RETA.US)$ +54.02%
2. $Roku Inc(ROKU.US)$ +31.41%
3. $好未来(TAL.US)$ +24.42%
4. $小鹏汽车(XPEV.US)$ +15.68%
5.$哔哩哔哩(BILI.US)$ +15.25%
6. $爱奇艺(IQ.US)$ +13.26%
7. $西空航空(SKYW.US)$+12.33%
Gap Downs
1. $Enphase Energy(ENPH.US)$ -0.15%
2. $瞻博网络(JNPR.US)$ -6.94%...
专栏US Top Rating Updates on 6/21: TSLA, ADBE, SPOT, SKIN and More
$泰勒科技(TYL.US)$initiated at overweight by JP Morgan, announced targe price at $472.00.
$Adobe(ADBE.US)$was upgraded by BMO Capital from market perform to outperform, increased target price to $570.00.
$Spotify Technology(SPOT.US)$was upgraded by Wolfe Research from peer perform to outperform, increased target price to $190.00.
$特斯拉(TSLA.US)$w...
利润表显示公司近5年毛利率缓慢提升,费用控制的很好,没有随营收增长而增加。
2022年利息费用达到营业利润的24%,利息负担还是相当重。
资产负债率2019年上市以来从74.8%一路下滑到63.9%,
应收帐款和存货的数量和增速都比较正常。
2021年商誉和无形资产从69亿大幅提升至105亿,应该是大举收购引起的,2022年受无形资产减值影响下降到了97.9亿,是净资产48.55亿的2倍,资产比较虚。
2022年长期借款59.2亿,超过净资产数额,杠杆率不低。
5年来现金流经营净额总体略高于投资净额,产生了少量股东盈余。
目前市盈率24,和不断下降的增速比起来折扣不是很多,但是考虑到毛利率的提升和费用控制的效果,增速保持的可能性很大,可以谨慎选择(⭐️)。
一年时间从42美元到今天18美元,拦腰斩呀,怎一个惨字了得,这是多家机构持仓的价值投资股,这年头谁的话都不敢信了
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