$Owens-Corning (OC.US)$🎯 On April 2, 2024, the current pric...

New data: Q4 2023, revenue growth of 0.8%, operating profit increased by 83.8% due to the recovery from last year's abnormally high expenses. Interestingly, other non-operating expenses increased by 0.146 billion this year, possibly due to changes in account classification, resulting in a 6.6% increase in net income.

In 2023, revenue shrank by 0.9%, operating profit grew by 2.5%, and net income shrank by 3.6%.

The asset-liability ratio decreased from 57% to 53.6%, with a significant increase in cash. Some of the long-term borrowings for interest-bearing loans have been transferred to short-term borrowings.

Operating net cash flow is significantly higher than investment net cash flow, and treasury stock continues to increase while common stock continues to decrease.

The current P/E ratio is 12.6, and the average net income for the past 5 years of 0.69 billion corresponds to a P/E ratio of 20.9. Considering the cyclical nature of the sector, the current valuation is not cheap, so it is possible to exit for profit.