$Insteel Industries (IIIN.US)$The company's main business is...
$Insteel Industries (IIIN.US)$The company's main business is welding wire reinforcement and prestressed concrete strands, which seems to be highly related to the real estate industry and should have the same cycle, currently at the top of the cycle.
Revenue in the third quarter increased by 41.3%, operating profit increased by 97%, and net profit increased by 110%.
In the first three quarters, cumulative revenue increased by 47.6%, operating profit increased by 130%, and net profit increased by 142%.
The balance sheet shows that inventories grew rapidly in the first three quarters, increasing inventories by 1.1%, while net profit was only 101 million in the same period.
The company continues to maintain zero interest-bearing debt, which reduces the risk a lot.
The current price-to-earnings ratio is 8 and the price-to-earnings ratio TTM 4.2. The average profit over the past five years is 30 million, and the average profit corresponds to the price-to-earnings ratio of 17.6.
Synthesis seems to be carefully chosen (⭐️)
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