$Atkore (ATKR.US)$🎯 2023.12.20 The current price is 159.5, ...

New data: 23Q3, 23Q4, continued contraction

Revenue shrank 10% in 2023, operating profit shrank by 27.6% due to declining gross margin and increased expenses, and net profit shrank by 24.5% due to income tax cuts. EPS fell by only 14.8% due to the cancellation of 9% of stocks. Interest expenses account for 3.9% of operating profit. The burden is very light. The return on net assets has dropped from 85% to 50%, which is still astonishing.

The balance ratio was slightly reduced from 51.9% to 50%. There was little change in cash, and there was a slight increase in receivables and inventory, and the ratio was within the normal range.

Goodwill of $311 million accounts for 21% of net assets of $1,468 million, and long-term loans of $763 million account for 52% of net assets. The leverage ratio is normal.

Net cash flow from operations greatly exceeds net investment, and shareholders have large surpluses.

The current price-earnings ratio is 9.3, so it's still worth choosing (⭐️)