$Mueller Industries (MLI.US)$🎯 As of April 2, 2024, the cur...

New data: Q2 2023, Q3 2023, Q4 2023, continuous contraction in the past 3 quarters, also seen on a quarter-on-quarter basis, the downward trend is already very evident.

In 2023, revenue shrank by 14.1%, although the gross margin increased, the cost ratio also rose, operating profit shrank by 15.1%, net income shrank by 8%. Due to a significant increase in interest income, and other net income reaching 0.07 billion, net income only shrank by 8%.

Debt-to-asset ratio decreased from 19% to 14.5%, both total assets and net assets grew significantly. On the asset side, mainly driven by an increase in cash, while the liability side had little change, interest-bearing liabilities can be ignored.

Cash flow is good, with a lot of shareholder surplus.

Currently the PE ratio is 9.8, dividend yield is 1.2%, although the valuation is relatively high for cyclical stocks, the financial situation is very good, still can be cautiously selected (⭐️).