$Warrior Met Coal (HCC.US)$🎯 The current price is 39.3, and...
$Warrior Met Coal(HCC.US$🎯 The current price is 39.3, and the position has a floating profit of 25%. It has been 12 months since the last purchase, and has reached the reopening standard
New data: Report for the second two quarters of 2022 and the full year, and the first two quarters of 2023
In 2022, revenue increased sharply by 64.2%, operating profit increased 1.8 times, and net profit increased 3.25 times. Interest expenses in 2022 account for 2.3% of operating profit, which is a very light burden.
In the first two quarters of 2023, revenue fell 11.4%, operating profit fell sharply by 46.7%, and net profit fell by 40.4%.
The balance ratio dropped sharply from 40.5% to 28.6% in 2022, and further declined to 26% in 2023Q2.
Long-term loans of 300 million yuan, accounting for 18% of net assets of 1,661 million dollars, and the leverage ratio is not high.
Over the past five years, net operating volume has greatly exceeded net investment, and shareholder surpluses have been high.
Currently, the price-earnings ratio is 3.2, and the price-earnings ratio has increased to 4.5. If net profit falls by 40% for the year, the price-earnings ratio will rise to 5.3. If we calculate the average net profit of 351 million in the past 5 years, the price-earnings ratio is 8.7. Currently, the valuation is moderately high. Considering that the balance sheet is relatively healthy, there is no need for adjustments for the time being.
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