Truist Securities predicts BERY stock to be range-bound due to recent deal and volume weakness. CCK is now a 'show-me' story until it shows significant EBITDA and earnings improvement, and resolves issues with non-core businesses.
Berry Global Group's declining ROCE trend and increased capital employment are concerning. Despite this, the stock has delivered an 8.8% return over the last five years. Current trends suggest better investment opportunities may exist elsewhere.
Investors anticipate no improvement in the company's poor earnings, explaining the lower P/E ratio. Shareholders' skepticism over forecasts has led to lower selling prices. The company's average earnings outlook isn't bolstering its P/E as expected, and a perceived risk of earnings instability could be putting pressure on the P/E ratio.
Berry Global Group's repeated low ROCE along with increased capital not leading to high return investments makes it an unappealing stock for potential multi-bagger returns. These trends may be impacting investors' decisions.
Berry Global Group's positive outlook is already reflected in share prices, trading near industry price multiples. Delve into factors like balance sheet strength to seize the next price drop.
Berry Global Group股票討論區
新增數據:23Q3,23Q4,連續萎縮
2023年營收萎縮12.6%,營業利潤受成本下降影響僅萎縮6.4%,淨利潤受重組併購費用影響大幅萎縮20.5%,淨資產收益率下降到19%,利息費用達到營業利潤的26%,負擔很重。5年淨利潤平均增速下降到4.2%。
資產負債率變化不大,從81.1%,下降到80.6%,應收款項和存貨均有下降,比例正常。
商譽及其他無形資產66.84億,是32.16億淨資產的2倍多,長期借款89.7億,槓桿率很高。
現金流經營淨額大幅高於投資淨額,產生了一定的股東盈餘,但是5年累積經營淨額依然略低於投資淨額,沒有產生股東盈餘。
目前市盈率13.9,股息率1.45%,估值仍在合理區間,暫時沒有調整的必要。
2023前兩季度營收下滑13.6%,營業利潤受毛利率提升影響僅下滑5.7%,淨利潤下滑14.1%。
資產負債率在2019年升到90.2%的高點後持續下降,2022年降到81.2%,2023Q2進一步下降到80.2%。
應收和存貨的比例都不高,商譽及其他無形資產達到68.66億,是32.95億淨資產的2倍多,資產含金量很少。長期借款92.95億,槓桿率非常高。
由於2019年進行了大筆收購,5年來經營淨額累計少於投資淨額,沒有產生股東盈餘,但是近3年經營淨額大比例超過投資淨額,股東盈餘在快速積累,2023前兩季度股東盈餘又變成了負的。
目前市盈率11.6,市盈率TTM略增到11.7,如果按5年平均淨利潤5.9計算,市盈率爲13.5,目前估值比較合理,暫時沒必要加倉或者減...
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