He kamupene hanga hanganga rino nui a Mueller Industries Inc. (NYSE: MLI). Kei te mahi te kamupene i roto i tētahi mākete kāore e whakaputa hua nui, kāore hoki e whakaputa whakaaro tipu, ā, he tokomaha ka kite he hoha. Engari ka whiwhi moni rātou, ā, he pakihi pumau, he pakihi matapae. Koinei ngā kamupene e pai ana ahau, ā, ka taea e koe te tino mohio kāore ētahi kaipupuri moni e aro ki tēnei kokonga o te mākete. I uaua te kamupene ki te utu i te nama, kāore he nama ināianei, ā, he $400 miriona tā rātou raina nama kāore anō kia tangohia, he tino ngāwari ki a rātou mēnā ka puta he whāinga hoko, ā, ka taea e te kamupene te neke tere. Ahakoa kāore he hoko hei tīmata i te tipu, he nui te rere moni kore utu a te kamupene, ā, kua maha ngā tau e tipu haere ana, he ia e āhua ana ka haere tonu ki te heke mai. Te āhua nei kāore te mākete e maioha ki te kamupene, ā, ko te tipu o te moni whiwhi me te hua i ngā tau tata nei te āhua nei he nui ake te whakakitenga.
"E hanga ana, e hoko ana hoki a Mueller Industries, Inc. i ngā hua parahi, parahi, konumohe me te kirihou i te US, UK, Canada, Korea, te Middle East, Haina me Mexico. E toru ngā wāhanga o te kamupene: ngā pūnaha paipa, ngā konganuku ahumahi me te āhuarangi. Ngā Pūnaha Paipa Kei roto i te wāhanga ngā paipa parahi, ngā taputapu, ngā kete paipa me ngā taputapu, ngā paipa PEX me ngā pūnaha hihi, tae atu ki ngā taputapu e pā ana ki te paipa me ngā taputapu whakarewa werohanga kirihou me te tuku paipa paipa. Ka hokona e tēnei wāhanga āna hua ki ngā kaihokohoko i ngā mākete paipa me te pouaka whakamātao, ngā kaituku waka kāinga me te wā whakangahau, ngā kaihokohoko rauemi hanga me ngā kaihanga taputapu hauhautanga taketake (OEM). Ko te wāhanga konganuku ahumahi e whakaputa ana i ngā tokotoko parahi, parahi me te koranu parahi, te parahi mō ngā paipa, ngā takirere me ngā taputapu; ngā hua konumohe me te parahi i hangaia matao; te tukatuka konumohe, te maitai, te parahi me te rino maka pānga me te whakarewa; ngā hangahanga i hangaia ki te parahi me te konumohe; ngā takirere i hangaia ki te parahi, te konumohe me te kowiri tira; ngā otinga whakahaere wai me ngā kaihanga taputapu taketake o ngā pūnaha hau i huihuia mō ngā mākete ahumahi, hoahoanga, HVAC, paipa me te pouaka whakamātao. Ko te wāhanga Āhuarangi e tuku ana i ngā takirere, ngā tiaki me te parahi ki ngā OEM rerekē i roto i ngā mākete HVAC arumoni me te pouaka whakamātao. Ngā Taputapu; Ngā Wāhanga Ngaohiko Teitei me ngā taputapu mō ngā mākete hauhautanga me te pouaka whakamātao; ngā whakawhiti wera coaxial me ngā ngongo kopiko mō te HVAC, te geothermal, te pouaka whakamātao, ngā papu wera puna kaukau, te hanga kaipuke, ngā kaihanga hukapapa, ngā kohua arumoni me ngā mākete whakaora wera; ngā pūnaha HVAC ngāwari kua whakamahanatia; ngā manifold kua whakarewahia, ngā manifold me ngā huihuinga tohatoha. I whakatūria te kamupene i te tau 1917, ā, kei Collierville, Tennessee tōna tari matua.”
I te tau 2021, ka ripoata a Mueller Industries i te $3.8 piriona i roto i te moni whiwhi ā-tau, $468.5 miriona i roto i te moni whiwhi kupenga, me te $8.25 i roto i te whiwhinga moni kua whakawhāitihia mō ia hea. I ripoatahia anō hoki e te kamupene ngā whiwhinga mō te hauwhā tuatahi me te tuarua o te tau 2022. Mō te haurua tuatahi o te tau 2022, i ripoatahia e te kamupene te moni whiwhi o te $2.16 piriona, te moni whiwhi kupenga o te $364 miriona me te whiwhinga moni kua whakawhāitihia mō ia hea o te $6.43. Ka utua e te kamupene he wehewehenga o nāianei o te $1.00 mō ia hea, arā, he hua 1.48% i runga i te utu hea o nāianei.
He pai ngā tūmanakohanga mō te whanaketanga tonu o te kamupene. He mea nui te hanganga whare hou me te whanaketanga arumoni hei āwhina i te whakatau i ngā hoko a te kamupene, nā te mea ko ēnei wāhanga te nuinga o te tono mō ngā hua a te kamupene. E ai ki te Tari Tatauranga o Amerika, ko te maha tuturu o ngā whare hou i te US ka 1.6 miriona i te tau 2021, he pikinga mai i te 1.38 miriona i te tau 2020. Hei tāpiri, ko te uara o ngā whare tūmataiti ehara i te whare noho he 467.9 piriona i te tau 2021, 479 piriona i te tau 2020 me te 500.1 piriona i te tau 2019. E matapaetia ana ka noho kaha tonu te tono i ēnei wāhanga, ā, e whakapono ana ngā kamupene ka whai hua ā rātou mahi pakihi me ā rātou mahi pūtea mai i ēnei āhuatanga, ā, ka noho pumau tonu. E matapaetia ana i te tau 2022 me te 2023 ka piki te nui o ngā hanganga ehara i te whare noho mā te 5.4% me te 6.1%, ia. Mā tēnei tirohanga tono ka āwhina a Mueller Industries, Inc. ki te pupuri i ngā taumata tipu me ngā mahi teitei.
Ko ngā āhuatanga mōrearea pea ka pā ki te pakihi ko ngā āhuatanga ōhanga e pā ana ki te whanaketanga whare noho me te arumoni. He āhua pumau te āhua o ngā mākete hangahanga i tēnei wā, ā, kua pai te haere i ngā tau kua pahure ake nei, engari ko te hekenga o ēnei mākete ā muri ake nei ka pā nui ki te pakihi a te kamupene.
Ko te whakapaipai mākete o Mueller Industries Inc. i tēnei wā he $3.8 piriona, ā, ko te ōwehenga utu-ki-te-whiwhinga (P/E) he 5.80. He iti iho tēnei ōwehenga utu-ki-te-whiwhinga i te nuinga o ngā kaiwhakataetae a Mueller. Ko ētahi atu kamupene maitai e hokohoko ana i tēnei wā i ngā ōwehenga P/E tata ki te 20. I runga i te utu-ki-te-whiwhinga, he iti te utu o te kamupene ki ōna hoa. I runga i te āhua o ngā mahi o nāianei, he iti te uara o te kamupene. I runga i te tipu o te moni whiwhi me te moni whiwhi kupenga a te kamupene, he ahua tino ataahua tēnei hea me te uara kāore i te mōhiotia.
Kua kaha te kamupene ki te utu i ngā nama i ngā tau kua taha ake nei, ā, kua kore he nama i te kamupene. He tino pai tēnei mō te kamupene, nā te mea kāore e whakawhāitihia te hua kupenga a te kamupene, ā, he tino ngāwari hoki rātou. I mutu te hauwhā tuarua o te kamupene me te $202 miriona moni, ā, he $400 miriona tā rātou nama hurihuri kāore anō kia whakamahia hei whakamahi mēnā e hiahiatia ana ngā mahi, mēnā rānei ka puta he whai wāhitanga hokohoko rautaki.
He kamupene pai rawa atu a Mueller Industries, ā, he nui hoki ngā hea. Kua roa te kamupene e pumau ana, ā, kua tino piki haere te tono i te tau 2021, ā, ka haere tonu ki te tau 2022. He nui ngā ota, ā, kei te pai te haere o te kamupene. Kei te hokohoko te kamupene i te ōwehenga utu-ki-te-whiwhinga iti, ā, he āhua iti rawa te uara i whakaritea ki ōna hoa whakataetae, me te nuinga o te wā. Mēnā he ōwehenga P/E noa ake te kamupene o te 10-15, ka nui atu i te rua te pikinga o te hea mai i ngā taumata o nāianei. Kei te āhua rite te kamupene mō te tipu haere tonu, ā, ka nui ake te ātaahua o te iti o te uara o nāianei, ahakoa kāore tā rātou pakihi e tipu nui, ki te noho pumau tonu, kua rite te kamupene mō ngā mea katoa e tukuna ana e te mākete ki a rātou.
Whakakitenga: Kāore au/mātou e pupuri hea, kōwhiringa, me ngā momo whakawhiti rite i roto i tētahi o ngā kamupene kua whakarārangihia i runga ake nei, engari ka taea e mātou te uru atu ki tētahi tūranga roa whai hua mā te hoko hea, te hoko waea rānei, me ngā momo whakawhiti rite rānei i roto i te MLI i roto i ngā haora 72 e whai ake nei. Nāku anō tēnei tuhinga i tuhi, ā, e whakaatu ana i taku ake whakaaro. Kāore au i whiwhi utu (haunga a Seeking Alpha). Kāore he hononga pakihi āku ki tētahi o ngā kamupene kua whakarārangihia i roto i tēnei tuhinga.