$YPF SA (YPF.US)$Launched in 1993, it mainly serves the loca...

Revenue has continued to grow over the past 5 years. Operating profit lost 1 year in 2020 and surged in the past 2 years. Net profit was affected by other revenue and surged in 2022, with an average net profit of 250 million yuan over 5 years. Interest expenses account for 27% of operating profit in 2022, and the interest burden is very heavy. The return on net assets was 29.3%, reaching a high of 15.1% in the previous 4 years.

In the first three quarters of 2023, revenue increased by 91.9%, operating profit shrank by 67.2%, and net profit shrank by 62.7%.

Currently, the price-earnings ratio is 2.9, and the price-earnings ratio is TTM 6.3. The 5-year average net profit corresponds to a price-earnings ratio of 25.5 and a net price-earnings ratio of 0.6. Valuation is not very attractive for cyclical stocks.