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.
利安德巴塞爾股票討論區
新增數據:23Q3,23Q4,營收持續下滑兩個季度,營業利潤受毛利率大幅提升影響轉爲增長,但同時費用增加很快,淨利潤Q3增長,Q4受資本性資產減值影響大幅萎縮。
2023年營收萎縮18.5%,營業利潤萎縮30.9%,淨利潤萎縮45.5%,淨資產回報率下滑到16.5%。
資產負債率變化不大,從65%下降到64.7%,現金增加很多,應收和存貨略有下降。 長期借款103.33億,佔淨資產的79%。
現金流經營淨額大幅高於投資淨額,股東盈餘還不錯。
目前市盈率16.3,5年平均淨利32.8億對應市盈率爲10.4,股息率4.7%,估值仍在合理區間,暫不做調整。
新增數據:2022Q4及全年,2023前兩季度
2022Q4營收繼續下滑20.5%,營業利潤受毛利率下降影響下滑68.3%,淨利潤下滑51.4%,這使得2022年營收僅增長9.3%,營業利潤下滑30.1%,淨利潤下滑30.8%。
2023上半年營收下滑26.6%,營業利潤下滑49%,淨利潤下滑60%,利息費用佔營業利潤的9.1%,利息負擔目前還不算重。
2022年資產負債率從67.4%下降到65%,2023Q2進一步下降到64.4%。
應收款項和存貨比例和增速都正常,商譽及其他無形資產22.43億,佔130.59億淨資產的17.2%,長期借款102.76億,佔淨資產的79%,槓桿率不低。
5年來現金流經營淨額較大比例超越投資淨額,股東盈餘較多。
目前市盈率8.2,市盈率TTM提高到了15,如果按5年平均淨利38億計算,市盈率爲8.25,加上股息率5%,目前仍然可以謹慎選擇(⭐️)
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