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股票討論區
2023前兩季度營收增長8.4%,營業利潤增長14.8%,淨利潤受固定資產出售收益大幅增長影響而提高了79.5%。
目前市盈率27.5,市盈率TTM降到了19.8,如果全年淨利增長80%,市盈率將下降到15,考慮到近5年的萎縮趨勢和沉重的利息負擔,吸引力不大。
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