Palladium: Is Consolidation Bullish? "The palladium futures arena could be in for a significant price recovery when it finds its bottom. However, the trend remains bearish in early 2024, and bear markets in illiquid markets can take prices to irrational, illogical, and unreasonable levels that defy fundamental and technical analysis. On January 29, nearby NYMEX palladium futures were trading at $971 per ounce, and the Aberdeen Physical Palladium ETF ...
Insider's recent share sale at a lower valuation is discouraging. Lack of insider purchases and significant insider ownership does not boost confidence, despite the latter often indicating company's interest in all shareholders.
Insiders' sale of stocks and the lack of purchases over the past year suggests they perceive shares as not underpriced. While A-Mark Precious Metals' high insider ownership aligns them with common shareholders, the history of stock sales suggests caution is needed for investors.
A-Mark Precious Metals股票討論區
把錢投資在黃金白銀 好過給人做菲菜
$美光科技(MU.US)$$麥當勞(MCD.US)$$特斯拉(TSLA.US)$$台積電(TSM.US)$$英偉達(NVDA.US)$ 都是實力股
新增數據:24Q2,營收增長6.6%,受毛利率下滑影響營業利潤萎縮47.8%,淨利潤萎縮58.5%。
2024上半年營收增長18.5%,營業利潤萎縮52.3%,淨利潤萎縮58.5%,業績變化應該是受貴金屬週期影響。
資產負債率從61.2%提高到64%,主要是增加了3億的長期借款,存貨增加了1.3億。
近兩個季度現金流經營淨額和投資淨額都是淨流出。
目前市盈率4.4,市盈率TTM6.2,如果全年淨利萎縮60%,市盈率將提高到11,5年平均淨利1億對應市盈率爲6.3,股息率2.9%,由於新增的長期借款,流動比率提高到1.86,暫時沒有現金流問題,估值依然不高,可以謹慎選擇(⭐️)
Is the time to buy Palladium ? Many say yes ^^
"The palladium futures arena could be in for a significant price recovery when it finds its bottom. However, the trend remains bearish in early 2024, and bear markets in illiquid markets can take prices to irrational, illogical, and unreasonable levels that defy fundamental and technical analysis.
On January 29, nearby NYMEX palladium futures were trading at $971 per ounce, and the Aberdeen Physical Palladium ETF ...
新增數據:2023全年及2024Q1
2023年營收增長13.8%,營業利潤增長24.7%,淨利潤增長17.8%,利息費用佔營業利潤的4.7%。
資產負債率從66%降低到61.2%,應收款項下降1.4億,存貨提高了2.4億,比例還算正常,長期借款清零,短期借款暴增至6.66億,是6億淨資產的1.1倍。
現金流經營淨額爲負。
2024Q1營收增長30.8%,營業利潤受毛利率下滑影響暴跌55.5%,淨利潤萎縮58.3%。
目前市盈率4.6,市盈率TTM已經提高到5.5,如果全年淨利下滑50%,市盈率將提高到9.6。股息率2.8%。目前的萎縮似乎是貴金屬的週期因素導致,目前倉位不重,暫時沒有調整的必要。
2023前3季度營收增長1.6%,營業利潤增長26.15,淨利潤增長20.1%。
資產負債率5年來從90.7%下降到66%,2023Q3進一步下降到64.7%。
存貨2022年從4.5億增長2.9億到7.4億,由於毛利率非常低,存貨增長造成了現金流經營淨額大幅流出,2022Q3存貨進一步增加到9.7億。
商譽及其他無形資產1.65億,佔5.62億淨資產的29.4%,短期借款6.17億,沒有長期借款,短期槓桿率不低,速動比率降到了0.29。
目前市盈率6.4,市盈率TTM下降到了5.7,考慮到存貨增長大幅超過淨利潤,現金流和速動比率都很差,可以謹慎選擇(⭐️)
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