Zoetis share price is $77 now. That is the share price in year 2018. Which makes zero sense.
Sales in 2018 was $5.825b.
Sales in 2025 is $9.5b.
Sales in 2026 is still projected to be above $9b (Not below $6b)
The sales and EPS are constantly growing on a yearly basis.
Profit margin is above 25%.
I am a simple man. I see sales gets higher on yoy with high profit margin, the stock should be going up. But the stock isnt. Which is very odd to me.
Yes, medication from zoetis is more expensive compared to other vet brands. However, many pet lovers will opt for this just to avoid future complication if they buy cheaper medication for their pets.
Other than pets, profit margin also derives from livestocks. Those farm animals are also treated. Chickens, cows, goats, ducks and etc.
So what am i missing that is making this stock not attractive to investors to buy?