Steel newcomer with attractive profit ᅠ The campus trading industry has just launched and is closing its financial year in June. In 1405 the company earned about 4.2 MET of the net profit, which is almost 4 times the previous year (1.1 MET). Seasonal profits increased during the year: 535 and 702 billion tomans in autumn and winter, and 1.6 and 1.3 tomans in spring and summer. The annual sales with a growth of 91% reached about 22 hams. The company's main product is a faucet, which accounts for more than 90% of sales. Last year, about 350,000 tons of iron were sold, and its selling price rose from about 37,000 tomans per kilo in the fall to 70,000 tomans in the summer. The gross profit rate increased from 12% to 20% and stood above 22% in the last two quarters. The market today is about 20 stocks and its P/E is 4.8, which is much lower than the base metals group's P/E (8.9). The stock has returned 47% since its initial public offering. It looks like the company will earn about 6 percent this year; If the inflationary conditions continue and the profit margin remains open, this number can reach up to 9 MT and in the most pessimistic case it will stand at 4 MT. With these data, the forward-looking P/E of the stock is between 2.2 and 5, and in the basic situation it is around 3.3, and it places the stock among the best in the industry.
ᅠ value investment ᅠ.