$Sterling Infrastructure (STRL.US)$ 🎯 2024.4.1 The current ...

New data: In 23Q4, revenue, operating profit, and net profit continued to grow rapidly, but from a month-on-month perspective, revenue declined, profit growth was very low, and there were signs that growth had stagnated.

In 2023, revenue increased by 11.5%, operating profit increased by 28.6%, and net profit increased by 30.2%.

The balance ratio fell from 66.9% to 64.9%. The asset side mainly increased cash, the debt-side interest-bearing liabilities declined, and deferred liabilities increased sharply.

Net cash flow from operations was significantly higher than net investment.

The current price-earnings ratio is 25. Considering the cyclical nature of the sector and recent signs of stagnation in month-on-month growth, we will observe for the time being.