Costco Wholesale deep diving into the fundamentals Sale Post ER?NASDAQ:COST is an interesting company that benefits from inflationary conditions where consumers are looking for cheaper products or more product for their money. Costco is aided from its membership business model. The Stock itself rallied 38.35% YTD "Year to Date" and 60.79% in the last Year "365 Days" I personally like the stock but think due to the valuation like the PE Ratio that is high to me personally, and the forward PE Ratio doesn't seem like the best price to me as a new investor with a short term interest, I would not personally add this stock to my portfolio until I see the stock pull-back in Share Price, Price to sales seems decent but I am hoping for a share price pullback which may never happen. I Put an idea/Chart that I Would not be too surprised if it played out that way but it could also be inaccurate. Only Time Will Tell! I am not initiating Buy, Sell, Or Hold Opinions and you should take No action suggestion
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Balance Sheet:
Cash: US$11.50b
Debt: US$6.91b
Total Liabilities: US$46.14b
Total Assets: US$67.91b
Debt to Equity Ratio: 31.7%
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Technicals:
RSI: 59
Short Interest: 1.66%
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Valuation:
PE Ratio: 56.1x
Forward PE Ratio: 52.3x
Price to Sales: 1.6x
Price to book Ratio: 18.5x
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Management Ratios
Return On Equity: 32.9%
Return On Capital Employed: 27.7%
Return On Assets: 9.9%
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Disclaimer: I am not a financial advisor and in no way am I signaling a sell, buy, or hold opinion on this stock (Costco Wholesale) I am just giving my personal opinion as a hobby trader, I have no certifications and I am not a financial analyst or a financial advisor, I also may be wrong about how I feel about the stock. I want you to do plenty more research on this and the stocks you are interested in because the stock market always holds a lot of risk that may pose different risks and overall be different for each investor and trader. Please do not make opinions based on this idea or any idea. Please be careful! this post is only for conversation.
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Idea:
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Source: SimplyWallSt for the Balance Sheet Numbers & Balance Sheet information.
