Despite Insteel Industries' lower-than-average ROE, the company's significant net income growth and high profit retention rate are positive indicators. The company's earnings are expected to gain momentum, according to current analyst estimates.
The market has priced in IIIN's positive outlook, with shares at fair value. The optimistic prospect is encouraging, suggesting it's worth examining factors like balance sheet strength for the next price drop.
Insteel Industries' P/S ratio is seen as high due to its falling revenue trend. Investors might be overpaying for the stock, risking future disappointment if the P/S aligns with the negative growth forecast.
Insider selling prevalence is concerning. Despite the alignment of insider ownership with shareholder interests, absence of insider buying and presence of selling signal caution.
Insteel Industries股票討論區
新增數據:2022Q4及全年,2023前3季度
2022年營收增長40%,營業利潤增長81%,淨利潤增長88%。2022年利息收入高於利息費用,沒有利息負擔。
2023前3季度營收下滑20.6%,營業利潤下滑78%,淨利潤下滑73.4%,所幸依然沒有利息負擔。
資產負債率目前已經降到15.8%,沒有有息負債,但是2022年股本有所增加。
2022年現金流經營淨額僅有567萬,投資淨額604萬,沒有產生股東盈餘。
目前市盈率5.1,市盈率TTM暴增至12.5,如果全年淨利潤下滑75%,市盈率將提高到20,如果按5年平均淨利0.5億計算,市盈率爲12.7,無論按增長股還是週期股看,目前的估值都略高,平倉了結。
3季度營收增長41.3%,營業利潤增加97%,淨利潤增加110%。
前3季度累計營收增長47.6%,營業利潤增加130%,淨利潤增加142%。
資產負債表顯示前三季度存貨增速很快,增加了1.1存貨,同期淨利潤僅有1.01億。
公司繼續保持0有息負債,這讓風險降低了不少。
目前市盈率8,市盈率TTM 4.2。5年來平均利潤3千萬,平均利潤對應市盈率17.6。
綜合看起來可以謹慎選擇(⭐️)
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