$Teekay (TK.US)$Bermuda-based company listed in 1995, mainly...

For the past 5 years, revenue experienced a significant decline for the first 4 years, reaching 74.4% recovery in 2022 to the level of 2020. Operating profit incurred a loss in 2021, with profits in the remaining four years. Net income was profitable only in 2020 and 2022, and after deducting minority shareholder net income, common shareholders only saw profits in 2022. Cumulative net income over 5 years was in deficit. In 2022, interest expenses accounted for 13.4% of operating profit, with a relatively low interest burden. Return on equity was 13.8%.

Revenue grew by 41.3% in the first 3 quarters of 2023, while operating profit increased by 4 times, and net income surged by 7.8 times to reach 0.4 billion. After deducting minority shareholder income, it was reduced to 0.115 billion.

Currently, the PE ratio is 10.3 and the TTM PE is 5. If the full-year earnings reach 0.15 billion, the cumulative earnings over 5 years would still be slightly negative, with a PB ratio of 1, indicating not much attraction in the valuation.