$AMC Networks (AMCX.US)$ 🎯 As of March 24, 2024, the curren...

New data: Q2 23, Q3 23, Q4 23, operating revenue, operating profit have continuously declined for three quarters, and net income turned negative in Q4.

In 2023, revenue shrank by 12.4%, operating profit shrank by 11.1%, and net income recovered to 0.2 billion due to a reduction in restructuring and M&A expenses. Interest expense accounted for 22.6% of operating profit, which is a burden on the company.

The asset-liability ratio decreased from 80.3% to 74.7%, while total assets also shrank, and net assets increased by 13.7%. Goodwill and other intangible assets are 2.698 billion, which is 2.1 times the net assets of 1.259 billion, and long-term loans are 2.294 billion.

The net cash flow from operations continues to be significantly higher than the net cash flow from investments, with a high proportion of shareholder's equity.

Currently, the pe is 2.4, although the shrinking trend has not yet reversed, the valuation still has a discount, and no adjustment will be made for the time being.