$Insteel Industries (IIIN.US)$🎯 2023.8.2 The current price ...

New data: 2022/Q4 and the whole year, the first 3 quarters of 2023

In 2022, revenue increased 40%, operating profit increased 81%, and net profit increased 88%. Interest income in 2022 is higher than interest expenses, and there is no interest burden.

In the first three quarters of 2023, revenue fell 20.6%, operating profit fell 78%, and net profit fell 73.4%. Fortunately, there is still no interest burden.

The balance ratio has now dropped to 15.8%. There are no interest-bearing liabilities, but the share capital increased in 2022.

Net cash flow in 2022 was only 5.67 million, net investment was 6.04 million, and there was no shareholder surplus.

Currently, the price-earnings ratio is 5.1, and the price-earnings ratio has skyrocketed to 12.5. If net profit falls 75% for the whole year, the price-earnings ratio will rise to 20. If you calculate the 5-year average net profit of 500 million yuan, the price-earnings ratio is 12.7. Whether you look at growth stocks or cyclical stocks, the current valuation is slightly higher, and the settlement of positions is over.