$Avient (AVNT.US)$Over the past five years, revenue has fluc...
$Avient(AVNT.US$Over the past five years, revenue has fluctuated greatly, and operating profit is similar. Net profit increased from 0.16 billion to 0.59 billion, and then rose sharply to 0.7 billion after falling to 0.13 billion.
Interest expenses increased a lot in 2022, from 0.075 billion to 0.12 billion, which is half of operating profit and is extremely burdensome.
The sharp increase in net profit in 2022 was mainly due to 0.62 billion of suspended operating profit, and net profit after deduction was only 0.083 billion.
The current price-earnings ratio is 5.6. If net profit is 0.083 billion, the corresponding price-earnings ratio is 46. If calculated based on a 5-year average net profit of 0.363 billion, it corresponds to a price-earnings ratio of 10.6.
The current valuation is underpinned by growth data, and is unattractive if calculated in terms of cyclical stocks.
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