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$Valaris (VAL.US)$Over the past 5 years, there have been 4 y...

$Valaris (VAL.US)$Over the past 5 years, there have been 4 years of declining revenue, with only 2019 experiencing growth of over 20%. Operating profit was profitable only in 2017, while net income has been in losses for 5 consecutive years.
Revenue in the first three quarters of 2022 doubled, reaching 0.015 billion in operating profit, and net income reached 0.15 billion with proceeds from the sale of fixed assets amounting to 0.14 billion.
The current market cap is 5.4 billion. Considering that the core income in net income is only 0.015 billion, even if it reaches 0.02 billion for the whole year, the P/E ratio would be over 100, making it unappealing.
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