$Berry Global Group (BERY.US)$ 🎯 As of 2023.12.19, the curr...

Additional data: 23Q3, 23Q4, both showing consecutive contraction.

In 2023, revenue shrunk by 12.6%, with operating profit shrinking by only 6.4% due to cost reductions. Net income saw a significant decline of 20.5% largely due to restructuring and merger expenses. ROE decreased to 19%, interest expenses reached 26% of operating profit, posing a heavy burden. The 5-year average net income growth rate declined to 4.2%.

The asset-liability ratio has not changed much, decreased from 81.1% to 80.6%, with accounts receivable and inventory both decreasing, the proportion is normal.

Goodwill and other intangible assets are 6.684 billion, more than twice the net assets of 3.216 billion, long-term borrowings are 8.97 billion, the leverage ratio is very high.

Operating net cash flow is significantly higher than investment net cash flow, generating certain shareholder surplus, but the 5-year cumulative operating net cash flow is still slightly lower than the investment net cash flow, not generating shareholder surplus.

Currently, the pe is 13.9, dividend yield is 1.45%, the valuation is still within a reasonable range, there is no need for adjustment at the moment.