$Mueller Industries (MLI.US)$🎯 2024.4.2 The current price i...

New data: 23Q2, 23Q3, 23Q4. It has been shrinking continuously for the past 3 quarters. The same is true from a month-on-month perspective. The downward trend is already obvious.

Revenue shrank by 14.1% in 2023. Despite an increase in gross margin, the share of expenses increased, operating profit shrank 15.1%, and net profit shrank 8%. Due to a sharp increase in interest income and other net income reaching $70 million, net profit shrank by only 8%.

The balance ratio fell from 19% to 14.5%, and both total assets and net assets increased significantly. The asset side is mainly an increase in cash, and there is little change on the debt side; interest-bearing liabilities can be ignored.

Cash flow is good, and shareholders have a large surplus.

Currently, the price-earnings ratio is 9.8 and the dividend rate is 1.2%. Although the valuation is high in terms of cyclical stocks, the financial situation is very high, so you can choose carefully (⭐️)