$Mueller Industries (MLI.US)$ * * Muller Industry (MLI) * * ...

* * Muller Industry (MLI) * * is an American company listed in 1991. The lowest price in 2002 was 23.6, and the current price is 53.3. considering that it has been split twice in 14 years, it has risen to 4.5 times in 20 years, with an annualized rate of 7.8%. Over the past five years, the gross profit margin has risen from 14.4% to 22%, and the improvement is still obvious.

Revenue has not changed much in the first four years of the past five years, rising 57% in 2021, while operating profit fell 8.6% in 2017, followed by four consecutive years of growth, of which net profit rose 167% in 2021, similar to operating profit, and 231% in 2021.

2022Q1's revenue, operating profit and net profit increased by 23.5%, 124% and 144% respectively, and the growth continued.

According to the income statement, interest expenses are now down to 1.3% of operating profit, and the burden is almost eliminated. With 55 million of business sales in 2021, net profit is still up a lot.

The asset-liability ratio has fallen from 59.4% to 27.7% over the past five years, with long-term borrowing falling from 449 million to 1.098 million and interest-bearing liabilities almost to zero.

The level of accounts receivable and inventory is not high, the proportion of goodwill is not high, and the asset quality is good.

Over the past five years, the net operating volume has greatly exceeded the net investment, resulting in a large surplus. At present, the current ratio is 2.75 and the quick ratio is 1.61, which is very good in the plate.

At present, the price-to-earnings ratio is 6.5and the price-to-earnings ratio is TTM5.4. Considering the impact of the cycle, we can choose carefully (⭐️).