$Brooge Energy (BROG.US)$The UAE company listed in 2018 main...

Revenue and operating profit have grown for 3 years excluding the contraction in 2020 and 2021, while net income suffered significant losses in 2019, with an average net income of only 2.2 million over 5 years.

Revenue in the first three quarters of 2023 increased by 1.2 times, operating profit increased by 2.3 times, and net income surged by 8.6 times to reach 0.037 billion.

Currently, the P/E ratio is 10.7, the trailing P/E ratio is 4.8, and the P/E ratio based on the 5-year average net income is 165, which is not very attractive for cyclical stocks in terms of valuation.