$Target Hospitality (TH.US)$ As of March 27, 2024, the curre...

New data: In Q4 23, revenue shrank for the second consecutive quarter, with a widening rate of 17.2%. Operating profit shrank by 28.1%. Pre-tax net income increased by 8.3% due to the impact of securities disposal income, and post-tax net income increased by 20%.

In 2023, the full-year revenue increased by 12.3%, operating profit increased by 38%, and net income increased by 1.35 times.

The asset-liability ratio decreased from 74% to 45.7%. Total assets decreased significantly. On the asset side, cash decreased from 0.18 billion to 0.1 billion. On the liability side, long-term loans decreased from 0.33 billion to 0.18 billion, and deferred liabilities almost disappeared. Overall, the optimization is significant.

The operating net cash flow is higher than the net investment, continuing to generate a large proportion of shareholder surplus.

The current pe is 7, the valuation is not high, but it's a pity that the acquisition price proposed by Arrow Holdings under TDR is 10.8, and the current holding positions have little significance.