$Huntsman (HUN.US)$ Gross margin is basically around 20%, an...

Gross margin is basically around 20%, and operating profit is mainly affected by changes in revenue, so operating income is in line with the operating profit curve. However, net profit has greatly exceeded operating profit in the past three years. The main reason is that there is a lot of special income. With the exception of 2018, the return on net assets is basically between 20 and 33%, which is quite good.

Net profit before non-tax in 2021 was $740 million, or about $620 million after tax, corresponding to a price-earnings ratio of 12 times. Considering that the ultra-high growth rate is based on an ultra-low base after a sharp contraction in 2019 and 2020, the growth rate will have to be greatly discounted.

Interest expenses have been declining continuously for the past five years, from 165 million to 67 million. The burden is currently low.

The balance ratio has been reduced in the past 5 years. The balance ratio has declined from 67% to 52%, and long-term loans have declined from 2.26 billion to 1.54 billion, which is 34% of the net assets of 4,559 million dollars.

Over the past five years, the net operating amount of 4.53 billion yuan greatly exceeded the net investment of 720 million yuan, and there was a large surplus.

The current price-earnings ratio is 7.5, and the price-earnings ratio is TTM6.6, which is worth choosing (⭐️⭐️)