$Imperial Oil (IMO.US)$The Canadian company listed in 1929 m...

Revenue has grown for 3 years in the past 5 years excluding 2019 and 2020 contractions, operating profit was a loss in 2020, and net income also incurred a loss in 2020. The 5-year average net income is 1.86 billion US dollars. In 2022, interest expenses accounted for 0.6% of operating profit, and the interest burden can be ignored. The return on net assets is 33.3%, with the highest in the other 4 years at 11.5%.

Revenue shrank by 17.3% in the first 3 quarters of 2023, operating profit shrank by 35.8%, and net income shrank by 37.2%.

Over the past 5 years, the asset-liability ratio has increased from 40.9% to 48.5%. The proportion and growth rate of accounts receivable and inventory are normal, goodwill and other intangible assets can be ignored, long-term loans amount to 3.447 billion, accounting for 14.5% of the 23.808 billion net assets, resulting in a very low leverage ratio.

Currently, the cash is 2.716 billion, with a current ratio of 1.38 and a quick ratio of 1.04.

Over the past 5 years, operating cash flow has been significantly higher than investment cash flow, resulting in a substantial amount of shareholder surplus.

Currently, the P/E ratio is 6.73, the TTM P/E ratio is 8.59, the 5-year average net income corresponding P/E ratio is 16.4, the P/B ratio is 1.8, dividend yield is 2.4%, the valuation is not very attractive for cyclical stocks.