$Owens-Corning (OC.US)$🎯 2024.4.2 The current price is 165....

New data: In 23Q4, revenue increased by 0.8%. Operating profit increased by 83.8% due to the return to normal of last year's high expenses. Interestingly, other non-operating expenses increased by 146 million this year. I don't know if this was due to changes in category division, and net profit increased 6.6%.

In 2023, revenue shrank by 0.9%, operating profit increased by 2.5%, and net profit shrank by 3.6%.

The balance ratio fell from 57% to 53.6%, cash increased substantially, and part of long-term loans with interest was transferred to short-term loans.

Net cash flow from operations was significantly higher than net investment, treasury stocks continued to increase, and common shares continued to decline.

The current price-earnings ratio is 12.6, and the five-year average net profit of 690 million yuan corresponds to a price-earnings ratio of 20.9. Considering the cyclical nature of the sector, the current valuation is not cheap, so it is possible to withdraw at a profit.