$Boise Cascade (BCC.US)$ It is an American company listed at...

It is an American company listed at $21 in 2013. The current price is 55.74, an increase of 165%, and an annualized rate of 11%. The gross margin has risen from 14% to 20.5% in the past 5 years.

Revenue, operating profit, and net profit have increased a lot over the past 5 years. In particular, in 2021, they increased 45%, 2x, and 3x, respectively.

Growth continued in Q1 2022, with revenue, operating profit, and net profit increasing by 28%, 1x, and 1x, respectively.

The income statement is relatively clean. Other accounts for a very low proportion. Interest expenses account for 2.5% of operating profit, and the burden is very low.

The price-earnings ratio given by the market is 3.1. Such a low price-earnings ratio indicates that the market has doubts about the sustainability of profit growth. The 5-year average net profit is 214 million. Based on the current market capitalization of 2.2 billion yuan, the price-earnings ratio is 10.3, which doesn't seem to be very high. Net profit of 300 million yuan has been achieved in Q1 2022. If calculated based on net profit of 300 million, the price-earnings ratio is 7.3, which is quite normal for cyclical stocks.

The share of accounts receivable and inventory in the balance sheet is quite normal. Fixed assets and goodwill are not high, and the company is still a relatively light type. Long-term loans of $445 million, accounting for a quarter of net assets of $1,649 million. The balance ratio has declined from 58% to 47% in the past 5 years, mainly as a result of a sharp increase in current assets. The quality of asset growth is very good.

The net operating cash flow in the past 5 years was much higher than the net investment, and the surplus was good.

Overall, it looks like you can choose carefully (⭐️)