$LyondellBasell Industries (LYB.US)$🎯 2023.8.17 The current...

New data: 2022/Q4 and the whole year, the first two quarters of 2023

2022 Q4 revenue continued to decline by 20.5%, operating profit fell 68.3% due to the decline in gross margin, and net profit fell 51.4%. This resulted in revenue growth of only 9.3% in 2022, operating profit falling 30.1%, and net profit falling 30.8%.

In the first half of 2023, revenue fell 26.6%, operating profit fell 49%, and net profit fell 60%. Interest expenses accounted for 9.1% of operating profit. Currently, the interest burden is not that heavy.

The balance ratio fell from 67.4% to 65% in 2022, and fell further to 64.4% in 2023Q2.

The ratio and growth rate of receivables and inventories were normal. Goodwill and other intangible assets were $2,243 billion, accounting for 17.2% of net assets of $13.059 billion, and long-term loans of $10.276 billion, accounting for 79% of net assets. The leverage ratio was not low.

Over the past five years, the proportion of net operating cash flow has surpassed net investment, and shareholders' surpluses are higher.

Currently, the price-earnings ratio is 8.2, and the price-earnings ratio TTM has increased to 15. If you calculate the 5-year average net profit of 3.8 billion yuan, the price-earnings ratio is 8.25, plus a dividend rate of 5%, you can still make careful choices (⭐️)