$Target Hospitality (TH.US)$🎯 2023.12.13 The current price ...

New data: 2023Q2 and Q3. Revenue shrank by 8.5% in Q3, while operating profit and net profit continued to grow at a high rate.

In the first three quarters of 2023, revenue increased 25.1%, operating profit increased 76.5%, and net profit increased 2.2 times. Among them, interest expenses fell to 9% of operating profit, and the burden was greatly reduced.

The balance ratio fell sharply to 51.4% from 74% at the beginning of the year. Long-term loans were replaced with short-term loans of $208 million, accounting for 61.5% of the net assets of 338 million yuan. The leverage ratio is somewhat high.

The net operating cash flow in Q2 and Q3 both greatly exceeded net investment, generating a certain amount of shareholder surplus.

Currently, the price-earnings ratio is 13.3, and the price-earnings ratio TTM has dropped to 6.3. If the net profit for the whole year reaches 180 million, the price-earnings ratio will drop to 5.5, you can choose (⭐️⭐️)