$Danaos (DAC.US)$🎯 2024.4.2 Current price 72.13, 4% floatin...

New data: 23Q2, 23Q3, and 23Q4. Revenue and operating profit shrank continuously for 3 quarters. Net profit increased in Q4 due to basically clearing losses from the sale of securities. Compared to last year's loss in Q2 and Q3, the loss was reversed.

In 2023, revenue shrank by 2%, operating profit shrank by 6%, and net profit increased by 3.1%.

The balance ratio fell from 24.7% to 17.6%, and both total assets and net assets increased. On the asset side, current assets mainly increased, and on the debt side, deferred liabilities declined mainly.

Net operating cash flow was higher than net investment for 5 consecutive years, and shareholders' surpluses were stable.

Currently, the price-earnings ratio is 2.5, the dividend rate is 4.2%, and the 5-year average net profit of 490 million yuan corresponds to a price-earnings ratio of 2.9. The valuation is still very low, so you can choose (⭐️⭐️)