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$Valvoline (VVV.US)$In the past five years, revenue was basi...

$Valvoline(VVV.US)$In the past five years, revenue was basically stable at around 2.3 billion dollars in the first three years, and surged to 3 billion in 2021, but in 2022 it plummeted 59% to 1.2 billion, while operating profit fell from 460 million to 240 million. Net profit was affected by the suspension of operations of 320 million, but increased from 420 million to 424 million yuan.
Currently, the price-earnings ratio is 14.7. Considering that the non-core portion of profits accounts for too much, this valuation is clearly unattractive.
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