$Patrick Industries (PATK.US)$🎯 2024.3.12 Current price 110...

New data: 23Q3 and 23Q4. Revenue, operating profit, and net profit all shrank continuously for more than 5 quarters.

In 2023, revenue shrank by 29%, operating profit shrank by 47.6%, and net profit shrank by 56.5%.

The balance ratio dropped from 65.7% to 59.2%, goodwill and other intangible assets of $1,289 billion, net assets of over $1,045 billion, long-term loans of $1.02 billion, and a high leverage ratio.

Net cash flow from operations is still significantly higher than net investment, and a large percentage of shareholders generate surpluses.

Currently, the price-earnings ratio is 17, and the 5-year average net profit of 180 million yuan corresponds to a price-earnings ratio of 14. Looking at cyclical stocks, the valuation is no longer low, and it is possible to withdraw at a profit.