Multiple insiders selling shares over the past year and no insider purchases could be a red flag for investors. Substantial insider selling in the last quarter may suggest shares are not cheap. Insiders own shares, but not a significant amount, and they have been selling.
The declining earnings per share raise concerns for the sustainability of the dividend. Despite a reasonable payout ratio, the company doesn't seem to be an outstanding investment opportunity. Other business risks should also be considered by investors.
LyondellBasell Industries' undervaluation offers a potential buy-low opportunity. Future growth prospects aren't fully reflected in the share price. Consider the company's financial health before investing.
CEO Peter Vanacker praised Foley's leadership and Ledet's handling of the O&P Americas business, emphasizing the company's successful succession planning and talent retention.
The declining ROCE and falling revenue despite more capital being deployed indicate unfavorable business trends for LyondellBasell, causing concerns about the company's future growth potential. Thus, investing in the company might be seen as risky currently.
Though current valuation at industry multiples may suggest an unfavorable time for investment, potential future earnings growth paints an optimistic picture. Market volatility might also provide opportunity for lower priced investment during market dips.
利安德巴塞尔股票讨论区
新增数据:23Q3,23Q4,营收持续下滑两个季度,营业利润受毛利率大幅提升影响转为增长,但同时费用增加很快,净利润Q3增长,Q4受资本性资产减值影响大幅萎缩。
2023年营收萎缩18.5%,营业利润萎缩30.9%,净利润萎缩45.5%,净资产回报率下滑到16.5%。
资产负债率变化不大,从65%下降到64.7%,现金增加很多,应收和存货略有下降。 长期借款103.33亿,占净资产的79%。
现金流经营净额大幅高于投资净额,股东盈余还不错。
目前市盈率16.3,5年平均净利32.8亿对应市盈率为10.4,股息率4.7%,估值仍在合理区间,暂不做调整。
新增数据:2022Q4及全年,2023前两季度
2022Q4营收继续下滑20.5%,营业利润受毛利率下降影响下滑68.3%,净利润下滑51.4%,这使得2022年营收仅增长9.3%,营业利润下滑30.1%,净利润下滑30.8%。
2023上半年营收下滑26.6%,营业利润下滑49%,净利润下滑60%,利息费用占营业利润的9.1%,利息负担目前还不算重。
2022年资产负债率从67.4%下降到65%,2023Q2进一步下降到64.4%。
应收款项和存货比例和增速都正常,商誉及其他无形资产22.43亿,占130.59亿净资产的17.2%,长期借款102.76亿,占净资产的79%,杠杆率不低。
5年来现金流经营净额较大比例超越投资净额,股东盈余较多。
目前市盈率8.2,市盈率TTM提高到了15,如果按5年平均净利38亿计算,市盈率为8.25,加上股息率5%,目前仍然可以谨慎选择(⭐️)
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