$STMicroelectronics (STM.US)$🎯 2023.7.24 The current price ...

New data: Report for the third quarter and full year after 2022, 2023Q1

Over the past five years, in addition to shrinking 1.2% in 2019, revenue grew for 4 years, with an average growth rate of 14%, of which 26.4% in 2022, operating profit increased by 4 years other than the 12.9% contraction in 2019. The average growth rate was 32%, of which 87.7% in 2022, net profit increased by 4 years other than the 20.1% contraction in 2019, and the average growth rate was 37%, of which 97.7% in 2022 and interest income reached 58 million dollars in 2022, with no interest burden.

In 2023Q1, revenue increased by 19.8%, operating profit increased by 47.6%, and net profit increased by 40.2%. Although the growth rate has slowed, it has continued.

The balance ratio fell from 40.9% to 36.2% over the past five years, and continued to decline to 34.6% in 2023Q1, along with a rapid increase in assets.

The growth rate and ratio of accounts receivable and inventory are relatively normal, there is very little goodwill, long-term loans of 2,488 billion yuan, accounting for 18% of net assets of 13.865 billion dollars, and the leverage ratio is very low.

Net cash flow from operations continued to be higher than net investment, generating a certain amount of shareholder surplus.

Currently, the price-earnings ratio is 12, and the price-earnings ratio TTM has dropped to 11.2. Although it is a cyclical stock, the growth rate is very fast, and the balance sheet is very healthy, so it's still worth choosing (⭐️⭐️)