$Valaris (VAL.US)$Revenue has declined for 4 years in the pa...
$Valaris(VAL.US$Revenue has declined for 4 years in the past 5 years, and increased by more than 20% in 2019 alone. Operating profit was only profitable in 2017, and net profit was lost for 5 consecutive years.
In the first three quarters of 2022, revenue increased 1.2 times, operating profit reached 115 million, and net profit from fixed asset sales of 140 million yuan reached 150 million yuan.
The current market capitalization is 5.4 billion. Considering that core income is only $115 million in net profit, the price-earnings ratio is above 100 million even if it reaches 0.2 billion dollars for the whole year, so it is not attractive.
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