Despite FirstCash Holdings' high P/E ratio, shareholders hold on to shares, anticipating a prosperous future. The high P/E ratio is sustained due to forecast growth surpassing the wider market.
The significant insider selling at FirstCash Holdings, especially without any corresponding insider buying, raises caution. Despite high insider ownership, the history of share sales could be a concern for potential investors.
The market sentiment around FirstCash Holdings hasn't changed much over time, with the share price change arguably mimicking the EPS growth. The recent improvement in total shareholder return could indicate that the business itself is getting better with time.
Investors' belief in FirstCash Holdings' strong performance despite market volatility contributes to its high P/E. Shareholders are confident in future earnings not being threatened, but relying solely on P/E ratios for investing isn't advised.
FirstCash Holdings is perceived positively due to its consistent EPS growth and the significant stake held by company insiders. As the company displays strong fundamentals, it is suggested to the investors for further research.
第一富金融服务股票讨论区
(2023-06)
2023-06-30
Client Name:DONNELL PEDRO BRAZIL Account NO.:1007100510781365 2/3
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利润表显示2022年利息费用暴增1.2倍到0.7亿,达到营业利润的25%,利息负担很重。2022年又有1.1亿的股权收益,这才使得净利润增长到2.5亿,刨除股权收益的影响,净利润应该只有1.7亿左右。
5年来资产负债率从37.5%提升到51.9%,2021Q4商誉及其他无形资产从10.6亿增加到19.2亿,2021年底进行了大笔收购,2022年营收和净利润的暴增应该是来源于此,目前商誉及其他无形资产已经超过净资产。
长期借款12.9亿,占净资产18.08亿的71%,考虑到净资产的含金量,杠杆率并不低。
5年来现金流经营净额和投资净额基本相当,没有产生股东盈余。
目前市盈率16.8,考虑到2022年的暴增应该是来源于收购,持续性还不得而知,可以多等几份季报再做判断。
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