Ratio:
P/E - 40 .46 (industry avg - 43.2) - seems good
P/S - 1.59 (industry avg - 3.79) - very good indicator both in the market and in the industry
P/ FCF - 12.68 (industry avg - 11.27) - not bad
P/B - 2.23 (industry avg - 5.93) - very good
Debt to equity - 0.27 - good index ahead of the rate hike
Several facts:
In Q1 21 company paid off all long term debt (~30 M)
The company's profit greatly exceeded expectations in the Q1 21
Since 2018 the company has been regularly buying back more shares than it issues
The company's profit has been growing steadily for 3 quarters in a row
Opinion:
The trend for the processing of resources is obvious, oil refining is one of the key areas of the company, and it undoubtedly benefits from the increased demand for oil .
Point of entry:
29.76 $ after testing of this level, which converges very well with the 60-day moving average.
I think it will happen after a successful report
Afterword:
I'm new to investing and trying to figure it out through trial and error.
This idea will allow me to collect feedback and document my own reasoning to get better.
Thanks for reading :)
P/E - 40 .46 (industry avg - 43.2) - seems good
P/S - 1.59 (industry avg - 3.79) - very good indicator both in the market and in the industry
P/ FCF - 12.68 (industry avg - 11.27) - not bad
P/B - 2.23 (industry avg - 5.93) - very good
Debt to equity - 0.27 - good index ahead of the rate hike
Several facts:
In Q1 21 company paid off all long term debt (~30 M)
The company's profit greatly exceeded expectations in the Q1 21
Since 2018 the company has been regularly buying back more shares than it issues
The company's profit has been growing steadily for 3 quarters in a row
Opinion:
The trend for the processing of resources is obvious, oil refining is one of the key areas of the company, and it undoubtedly benefits from the increased demand for oil .
Point of entry:
29.76 $ after testing of this level, which converges very well with the 60-day moving average.
I think it will happen after a successful report
Afterword:
I'm new to investing and trying to figure it out through trial and error.
This idea will allow me to collect feedback and document my own reasoning to get better.
Thanks for reading :)