$Matson (MATX.US)$🎯 2024.4.2 The current price is 106.66, a...

New data: 23Q3 and 23Q4. Revenue, operating profit, and net profit continued to shrink.

In 2023, revenue shrank by 28.8%, operating profit shrank by 73.2% due to the increase in the share of declining gross margin expenses, and net profit shrank by 72.1%.

The balance ratio fell from 47% to 44.1%, total assets declined slightly, and net assets increased slightly. Cash on the asset side has decreased, and long-term prepayments have increased. On the debt side, mainly long-term loans and rental liabilities have declined quite a bit.

Net cash flow from operations was still higher than net investment, generating some shareholders' surpluses.

Currently, the price-earnings ratio is 12.8, and the dividend rate is 1.2%. The 5-year average net profit of 510 million yuan corresponds to a price-earnings ratio of 7.2 million. The valuation is still not high, so you can choose carefully (⭐️)