$Alpha Metallurgical (AMR.US)$ 🎯 2024.4.4 The current price...

New data: In 23Q4, revenue increased by 16.6%, operating profit shrank by 0.7% due to falling gross margin, and net profit shrank by 20.2% due to income tax fluctuations. Looking at the month-on-month period, all three figures stopped falling and rebounding.

In 2023, revenue shrank 15.4%, operating profit shrank 45.7%, and net profit shrank 50.2%.

The balance ratio fell from 38.2% to 34.6%, and both total assets and net assets increased. Asset-side cash declined, accounts receivable and inventories increased, and fixed assets increased. On the debt-side, interest-bearing debt remains at a very low ratio, accounts payable have declined, and overall health is still relatively healthy.

Net operating cash flow was significantly higher than net investment, generating a large percentage of shareholders' surpluses.

Currently, the price-earnings ratio is 6.5 million, and the 5-year average net profit of 340 million corresponds to a price-earnings ratio of 12.3 and a dividend ratio of 0.6%. The valuation is in a high position. Considering the continuous improvement of the balance sheet, no adjustments will be made for the time being.