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$Ashland (ASH.US)$The overall declining trend in revenue ove...

$Ashland(ASH.US)$The overall declining trend in revenue over the past 5 years, rebounded 13.3% in 2022. Operating profit grew rapidly in the last two years due to rising gross margin and a decline in the share of operating expenses. Net profit improved due to the continuous decline in interest expenses. In 2021, it was affected by income tax refunds to 220 million, and in 2022 it reached 930 million due to 750 million cessation of operating profits, and core net profit was only 180 million.
Currently, the price-earnings ratio is 6.4. If you calculate the core net profit, it is 31. The valuation is not cheap.
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