Ternium is a South American steel company. Although it has some mining operations, these serve mainly in-house and are a small component relative to the steel output. It achieved revenue and profit growth through organic growth and acquisitions over the past 11 years. It has a strong financial position and a good capital allocation plan, creating value for shareholders. A Valuation based on the steel price cycle shows a sufficient margin of sa...
The market seems to have moderated its expectations for Ternium's growth, despite its strong EPS growth. The company's future performance is more important for shareholders. The positive market reception over time suggests that Ternium might be a business worth watching.
Ternium's poor growth outlook justifies low P/S ratio. Expected negative revenue growth could pressure stock price unless conditions improve. Ternium's growth prospects seem unattractive compared to industry, as seen in the P/S metric.
Ternium's Q4 outlook looks bleak with lower EBITDA margin projected, offset by higher steel shipments. The decrease in prices in Mexico and Brazil, shipment reduction in Argentina due to import restrictions, pose a potential threat to their profits.
The market sentiment around Ternium is at least somewhat negative as evidenced by the lower than expected share price increase despite impressive earnings per share (EPS) growth and a currently low P/E ratio.
特爾尼翁鋼鐵股票討論區
It has a strong financial position and a good capital allocation plan, creating value for shareholders. A Valuation based on the steel price cycle shows a sufficient margin of sa...
新增數據:2022後兩季度及全年報,2023Q1
2022年營收增長2%,營業利潤受毛利率大幅下滑以及費用大幅飆升影響下滑了46.9%,淨利潤則下滑了52%。2022年利息收入0.17億,沒有利息負擔。
2023Q1營收下滑15.8%,營業利潤下滑66.3%,淨利潤受利息收入和股權收益影響僅下滑45.4%。
2022年資產負債率從28.4%下降到21.3%,2023Q1進一步下降到20.4%。
應收和存貨的比例和增速都很正常,商譽及其他無形資產9.57億,佔142.52億淨資產的6.7%,長期借款僅5.3億,槓桿率極低。
5年來現金流經營淨額遠高於投資淨額,股東盈餘很多。
目前市盈率5,市盈率TTM提高到了6.5,如果全年淨利下滑50%,市盈率將提高到10,股息率TTM爲6%,加上穩健的資產負債表,綜合來看依然值得選擇(⭐️⭐️)
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