$International Seaways (INSW.US)$Launched in 2016, mainly en...

In the past 5 years, revenue fluctuated in the first 4 years and surged in 2022. Operating profit losses in 2018 and 2021 surged to 420 million yuan in 2022, and net profit losses in the first 4 years to 390 million in 2022.

In the first three quarters of 2023, revenue increased 56%, operating profit increased 1.3 times, and net profit increased 1.5 times to 420 million.

Currently, the price-earnings ratio is 5.9, the price-earnings ratio is TTM 3.5, the dividend rate is 4.9%, and the dividend is unstable. If net profit reaches 550 million in 2023 and the 5-year average net profit is 160 million, the corresponding price-earnings ratio is 13.9. The valuation is not very attractive for cyclical stocks.