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.
第一富金融服務股票討論區
(2023-06)
2023-06-30
Client Name:DONNELL PEDRO BRAZIL Account NO.:1007100510781365 2/3
NOTES AND IMPORTANT INFORMATION
Please promptly report any inaccuracy or discrepancy in this statement, or in your account to Moomoo Financial Inc. Customer
Service Department at cs@us.moomoo.com.
If this is a margin account, interest charged on the debit balance and/or borrow fee rate in your account is shown on this statement.
These rates may change from time to time without prior notice.
...
利潤表顯示2022年利息費用暴增1.2倍到0.7億,達到營業利潤的25%,利息負擔很重。2022年又有1.1億的股權收益,這才使得淨利潤增長到2.5億,刨除股權收益的影響,淨利潤應該只有1.7億左右。
5年來資產負債率從37.5%提升到51.9%,2021Q4商譽及其他無形資產從10.6億增加到19.2億,2021年底進行了大筆收購,2022年營收和淨利潤的暴增應該是來源於此,目前商譽及其他無形資產已經超過淨資產。
長期借款12.9億,佔淨資產18.08億的71%,考慮到淨資產的含金量,槓桿率並不低。
5年來現金流經營淨額和投資淨額基本相當,沒有產生股東盈餘。
目前市盈率16.8,考慮到2022年的暴增應該是來源於收購,持續性還不得而知,可以多等幾份季報再做判斷。
暫無評論