$Ternium (TX.US)$🎯 April 4, 2024, current price is 41.77, h...

Additional data: Q4 2023, revenue, operating profit, and net income all showed growth.

In 2023, revenue increased by 7.3%, operating profit shrank by 22.1% due to a decrease in gross margin and a sharp increase in expenses, net income shrank by 52.9% due to restructuring and M&A expenses.

The asset-liability ratio increased significantly from 21.3% to 30.5%, with substantial increases in total assets and net assets. On the asset side, cash slightly increased, revenue and inventory both saw significant growth, fixed assets also increased by a large amount, intangible assets increased slightly, appearing to be an acquisition close to net assets. On the liability side, long-term borrowings increased from 0.5 billion to 1.2 billion, the leverage ratio is still very low, with the increase mainly in interest-free liabilities.

Operating net cash flow is higher than investment net cash flow, resulting in some shareholder surplus. Currently, the return on net assets has significantly decreased to 5.6%, which is not a good sign.

PE ratio of 12.3, dividend yield of 6.9%, 5-year average net income of 1.52 billion corresponds to a PE ratio of 5.4, the valuation is still very low and worth choosing (⭐️⭐️).