$Alpha Metallurgical (AMR.US)$ 🎯 April 4, 2024, current pri...

New data: Q4 23, revenue growth of 16.6%, operating profit shrunk by 0.7% due to a decrease in gross margin, net income shrunk by 20.2% due to fluctuating income tax. Compared with the previous period, all three data points have started to rebound.

In 2023, revenue shrunk by 15.4%, operating profit shrunk by 45.7%, net income shrunk by 50.2%.

The debt-to-asset ratio has decreased from 38.2% to 34.6%, and both total assets and net assets have improved. On the asset side, cash has decreased, accounts receivable and inventory have increased, and fixed assets have also increased. On the liability side, interest-bearing debt remains at a very low proportion, accounts payable has decreased, and the overall situation is still relatively healthy.

Operating net cash flow is significantly higher than net investment, resulting in a large proportion of shareholder surplus.

Currently, the pe is 6.5, and the 5-year average net income of 0.34 billion corresponds to a pe of 12.3 and a dividend yield of 0.6%. The valuation is in a relatively high position. Considering the continuous improvement of the balance sheet, no adjustment will be made for the time being.