GATX's high P/E ratio may be due to investor optimism about its market performance. However, with average growth expectations, the high P/E ratio could decline if growth outlook doesn't improve, potentially disappointing investors.
Even though GATX is reinvesting in its own business, the continuous diminution in returns is a concern. Given the ongoing trends, the prospect of it being a multi-bagger from here is not very high.
Although GATX's low ROE isn't ideal compared to its industry, improved returns may still be possible through financial leverage. Yet, the company's high debt to equity ratio combined with a lower ROE, indicates a potential risk. Top-class companies typically have high ROE and low debt.
GATX Corp股票讨论区
2023前两季度营收增长8.4%,营业利润增长14.8%,净利润受固定资产出售收益大幅增长影响而提高了79.5%。
目前市盈率27.5,市盈率TTM降到了19.8,如果全年净利增长80%,市盈率将下降到15,考虑到近5年的萎缩趋势和沉重的利息负担,吸引力不大。
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