$Arch Resources (ARCH.US)$It is a global metallurgical and c...

In the past five years, with the exception of 2020, gross margin has basically been around 20%, and soared to 28.5% in 2021.

Revenue fluctuations have declined over the past 5 years, and operating profit soared in 2021 after a loss in 2020 and surpassed the high in 2018. Net profit is similar to operating profit. After losses in 2020, it reached an all-time high in 2021.

In the first two quarters of 2022, revenue increased sharply by 148%, operating profit increased 16 times, and net profit increased 30 times.

The income statement shows that interest expenses in 2021 accounted for 6% of operating profit, and the burden is very light.

The large losses in 2020 were mainly due to the write-off of 220 million dollars, which is also considered a disguised performance shower.

The balance ratio has fluctuated from 66.4% to 67.7% over the past five years, and fell sharply to 48.6% in the first two quarters of 2022.

The balance sheet shows that the receivables and inventory ratio and growth rate in 2021 are reasonable. Long-term loans have dropped to 130 million, accounting for only 11% of net assets, and the leverage ratio is very low.

Over the past five years, net cash flow from operations was significantly higher than net investment, with the exception of 2020, and shareholder surpluses were high.

The current price-earnings ratio is 6.1, and the price-earnings ratio is TTM 2.33. If you calculate a 5-year average net profit of 156 million dollars, the price-earnings ratio is 14. Comprehensive considerations, you can choose carefully (⭐️)