CPI Card Group's shares are still relatively cheap and stable. With higher cash flow expected, the future looks promising. The optimistic profit outlook hasn't been fully factored into the share price, making it a good time to accumulate more holdings.
CPI Card Group's low P/E, despite its earnings growth, incites worries for expected EPS contraction next year. Shareholders interpret it as a sign of no pleasant earnings surprises in the future.
Analysts turn increasingly bearish on CPI Card Group's prospects with notable decreases to revenue and EPS estimates. The company's expected contraction and slower growth against the broader industry signal a worrying future.
CPI Card Group股票討論區
5年來毛利率在近4年持續增長,營業費用增速也比較緩和,但是利息費用一直很高,這造成了淨利潤在2021年才扭虧,2021年利息費用佔營業費用的51%,利息負擔非常重。
由於所得稅影響,2021年淨利潤低於2020年,稅前利潤其實是增長了85%。
2022前3季度營收增長24%,但由於毛利率下滑,營業費用僅增長12.4%,稅前利潤增長52.8%,淨利潤增長42%。
5年來資產負債率從151%下降到145%,2022Q3進一步下滑到131%。
應收帳款比例和增速比較正常,存貨2021年從0.25億增長到0.58億,增長了0.33億,超過當年淨利潤的0.16億,利潤含金量很低。2022Q3存貨繼續增長0.14億達到0.72億,增速下降了不少,低於當期淨利潤的0.24億,但是期間應收帳款增加了0.16億,淨利潤還是沒有含金量。
5年來現金流經營淨額大幅低於投資淨額,沒有產生股東盈餘。
目前市盈率24.5,市...
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