$Excelerate Energy (EE.US)$Launched in 2022, mainly in the n...

Revenue, operating profit, and net profit all increased dramatically in the year of listing. Net profit reached 80 million, but after deducting minority shareholders' net profit and preferred stock dividends, only $0.13 million remained.

Interest expenses (including preferred stock dividends) in 2022 account for 37% of operating profit, and the interest burden is very heavy. The return on net assets was only 1.7%.

Revenue shrank sharply by 54.5% in the first three quarters of 2023. Operating profit increased 26.5% due to a sharp increase in gross margin, and net profit increased 1.3 times to reach 107 million. After deducting minority shareholders' net profit and preferred stock dividends, only $27 million remained.

Currently, the price-earnings ratio is 30, and the price-earnings ratio is TTM 3.7. Considering the current cyclical position, the valuation is not very attractive.