$LyondellBasell Industries (LYB.US)$🎯 April 3, 2024, curren...

New data: Q3 2023, Q4 2023, revenue continued to decline for two quarters, operating profit turned to growth due to a significant increase in gross margin. However, expenses increased rapidly, and net income increased in Q3 but shrank significantly in Q4 due to impairment of capital assets.

In 2023, revenue shrank by 18.5%, operating profit shrank by 30.9%, net income shrank by 45.5%, and the return on net assets declined to 16.5%.

There was little change in the asset-liability ratio, which decreased from 65% to 64.7%. Cash increased significantly, while accounts receivable and inventory slightly decreased. Long-term borrowings were 10.333 billion, accounting for 79% of net assets.

The net cash flow from operating activities is significantly higher than the net cash flow from investing activities, and the shareholder's surplus is good.

Currently, the pe ratio is 16.3, and the 5-year average net income of 3.28 billion corresponds to a pe ratio of 10.4. The dividend yield is 4.7%, and the valuation is still within a reasonable range, so no adjustment will be made temporarily.