IMueller Industries Inc. (NYSE: MLI) yinkampani enkulu yokwenza izakhiwo zentsimbi. Le nkampani isebenza kwimarike engenzi nzuzo inkulu okanye iingcamango zokukhula, kwaye abaninzi bangayifumana iyikruqula. Kodwa benza imali kwaye baneshishini eliqikelelweyo nelizinzileyo. Ezi ziinkampani endizithandayo, kwaye ungaqiniseka ukuba abanye abatyali-mali abayinaki le ndawo yemarike. Le nkampani yayisokola ukuhlawula ityala, ngoku ayinatyala kwaye ayinamali ye-$400 yezigidi zeerandi, nto leyo eyenza ukuba iguquguquke kakhulu ukuba kuvela iinjongo zokufumana kwaye inkampani inokuhamba ngokukhawuleza. Nokuba ingenalo naluphi na ukuthengwa ukuze iqalise ukukhula, inkampani inomjelo omkhulu wemali yasimahla kwaye ibikhula iminyaka emininzi, umkhwa obonakala ngathi uza kuqhubeka kwixesha elizayo. Imarike ayibonakali iyixabisa le nkampani, kwaye ukukhula kwengeniso kunye nenzuzo kwiminyaka yakutshanje kubonakala kutyhila ngakumbi.
“I-Mueller Industries, Inc. ivelisa kwaye ithengisa iimveliso zobhedu, ubhedu, i-aluminium kunye neplastiki e-US, e-UK, eKhanada, eKorea, eMbindi Mpuma, eTshayina naseMexico. Le nkampani isebenza ngamacandelo amathathu: iinkqubo zombhobho, iintsimbi zoshishino kunye nemozulu. Iinkqubo zoMbhobho Eli candelo linikezela ngeepayipi zobhedu, izixhobo zokufaka, izixhobo zombhobho kunye nezixhobo zokufaka, iipayipi ze-PEX kunye neenkqubo ezikhanyayo, kunye nezixhobo ezinxulumene nemibhobho kunye nezixhobo zokubumba injection zeplastiki kunye nobonelelo lwemibhobho yepayipi. Eli candelo lithengisa iimveliso zalo kubathengisi abathengisa ngobuninzi kwiimarike zemibhobho kunye neziqandisi, abasasazi bezithuthi zasekhaya nezokuzonwabisa, abathengisi bezixhobo zokwakha kunye nabavelisi bezixhobo zomoya wokuqala (ii-OEM). Icandelo leZinyithi zeMveliso livelisa iintonga zobhedu, ubhedu kunye ne-alloy yobhedu, ubhedu lweemibhobho, iivalvu kunye nezixhobo zokufaka; iimveliso ze-aluminium ezenziwe ngokubandayo kunye nobhedu; ukucubungula i-aluminium i, intsimbi, ubhedu kunye ne-cast iron impact kunye ne-castings; izinto zokufaka ezenziwe ngobhedu kunye ne-aluminium; iivalvu ezenziwe ngobhedu, i-aluminium kunye nentsimbi engagqwali; izisombululo zolawulo lolwelo kunye nabavelisi bezixhobo zokuqala zeenkqubo zegesi ezidityaniswe kwiimarike zoshishino, zokwakha, ze-HVAC, zemibhobho kunye neziqandisi. Icandelo leMozulu libonelela ngeevalvu, abalindi kunye nobhedu kwii-OEM ezahlukeneyo kwi-HVAC yorhwebo kunye neziqandisi. iimarike. Izixhobo; Izixhobo zeVolthi ephezulu kunye nezixhobo zeemarike ze-air conditioning kunye ne-friji; ii-coaxial heat exchangers kunye neetyhubhu ezijijekileyo ze-HVAC, i-geothermal, i-friji, iipompo zobushushu zedama lokudada, ukwakha iinqanawa, abenzi bomkhenkce, iibhoyila zorhwebo kunye neemarike zokubuyisela ubushushu; iinkqubo ze-HVAC eziguquguqukayo ezigqunyiweyo; ii-brazed manifolds, ii-manifolds kunye neendibano zabasasazi. Le nkampani yasekwa ngo-1917 kwaye inekomkhulu eCollierville, eTennessee.
Ngowama-2021, iMueller Industries iza kuxela ingeniso yonyaka eyi-$3.8 billion, i-$468.5 yezigidi zeerandi kwingeniso epheleleyo, kunye ne-$8.25 kwingeniso encitshisiweyo ngesabelo ngasinye. Le nkampani ikwaxele ingeniso yekota yokuqala neyesibini ka-2022. Kwisiqingatha sokuqala sika-2022, inkampani ibike ingeniso eyi-$2.16 billion, ingeniso epheleleyo eyi-$364 yezigidi zeerandi kunye nenzuzo encitshisiweyo ngesabelo ngasinye eyi-$6.43. Le nkampani ihlawula isabelo sangoku se-$1.00 ngesabelo ngasinye, okanye isivuno se-1.48% kwixabiso lesabelo langoku.
Amathemba ophuhliso oluqhubekayo lwenkampani mahle. Ukwakhiwa kwezindlu ezintsha kunye nophuhliso lwezorhwebo zizinto ezibalulekileyo ezichaphazela kwaye zinceda ekuqinisekiseni ukuthengiswa kwenkampani, njengoko ezi ndawo zibangela uninzi lwemfuno yeemveliso zenkampani. Ngokutsho kwe-US Census Bureau, inani langempela lezindlu ezintsha e-US liza kuba yi-1.6 yezigidi ngo-2021, ukusuka kwi-1.38 yezigidi ngo-2020. Ukongeza, izakhiwo zabucala ezingezizo zokuhlala zazixabisa i-467.9 yezigidigidi ngo-2021, i-479 yezigidigidi ngo-2020 kunye ne-500.1 yezigidigidi ngo-2019. Imfuno kwezi ndawo kulindeleke ukuba ihlale iqinile kwaye iinkampani zikholelwa ukuba ukusebenza kweshishini labo kunye nezemali kuya kuxhamla kwezi zinto kwaye kuhlale kuzinzile. . Kuqikelelwa ukuba ngo-2022 nango-2023 umthamo wokwakhiwa kwezindlu ezingezizo zokuhlala uya kukhula nge-5.4% kunye ne-6.1%, ngokwahlukeneyo. Le mbono yemfuno iya kunceda iMueller Industries, Inc. igcine amanqanaba aphezulu okukhula kunye nokusebenza.
Izinto ezinokubangela umngcipheko ezinokuthi zichaphazele ishishini ziimeko zoqoqosho ezinxulumene nophuhliso lwezindlu nezorhwebo. Iimarike zokwakha okwangoku zibonakala zizinzile kwaye beziqhuba kakuhle kwiminyaka embalwa edlulileyo, kodwa ukuwohloka kwezi marike kwixesha elizayo kunokuba nefuthe elikhulu kwishishini lenkampani.
Imali yemarike yangoku yeMueller Industries Inc. yi-$3.8 yeebhiliyoni kwaye inomlinganiselo wexabiso-kwinzuzo (P/E) we-5.80. Lo mlinganiselo wexabiso-kwinzuzo ngokwenene uphantsi kakhulu kunoninzi lwabakhuphisana noMueller. Ezinye iinkampani zentsimbi okwangoku zirhweba ngemilinganiselo ye-P/E emalunga nama-20. Ngokwesiseko sexabiso-kwinzuzo, inkampani ijongeka ingabizi kakhulu xa ithelekiswa nontanga bayo. Ngokusekelwe kwimeko yokusebenza yangoku, inkampani ijongeka ingaxatyiswanga. Xa kujongwa ukukhula kwengeniso yenkampani kunye nengeniso epheleleyo, oku kubonakala ngathi sisitokhwe esinomtsalane kakhulu esinexabiso elingaziwayo.
Le nkampani ibihlawula amatyala ngamandla kwiminyaka embalwa edlulileyo kwaye le nkampani ngoku ayinamatyala. Oku kulungile kakhulu kule nkampani, kuba ngoku ayithinteli inzuzo yenkampani kwaye iyenza iguquguquke kakhulu. Le nkampani igqibe ikota yesibini inemali eyi-$202 yezigidi kwaye banemali yetyala ejikelezayo engasetyenziswanga eyi-$400 yezigidi ekhoyo ukuze bayisebenzise ukuba imisebenzi iyadingeka okanye kuvela amathuba okufumana amaqhinga.
IMueller Industries ijongeka njengenkampani enkulu kunye nesitokhwe esihle. Le nkampani ibisoloko izinzile kwaye inamava okukhula kwemfuno okukhulu ngo-2021 okuya kuqhubeka ukuya kuthi ga ngo-2022. Ipotifoliyo yee-odolo inkulu, inkampani yenza kakuhle. Le nkampani irhweba ngexabiso eliphantsi ukuya kwingeniso, ijongeka ingenaxabiso liphezulu xa ithelekiswa nabakhuphisana nayo kwaye ngokubanzi. Ukuba inkampani ibinomlinganiselo oqhelekileyo we-P/E we-10-15, ngoko isitokhwe besiya kuphindaphindeka kabini ukusuka kumanqanaba angoku. Le nkampani ibonakala ikulungele ukukhula ngakumbi, nto leyo eyenza ukungaphantsi kwexabiso langoku kube nomtsalane ngakumbi, nokuba ishishini labo alikhuli ngendlela emangalisayo, ukuba lihlala lizinzile, inkampani ilungiselele yonke into ethengiswa yimarike ukususela ekuqaleni.
Ukutyhilwa: Mna/thina asinazo izitokhwe, iinketho okanye ezinye izinto ezifanayo kwiinkampani ezidweliswe apha ngasentla, kodwa singangena kwindawo enenzuzo ixesha elide ngokuthenga izitokhwe okanye ukuthenga iifowuni okanye ezinye izinto ezifanayo kwi-MLI kwiiyure ezingama-72 ezizayo. Ndibhale eli nqaku mna kwaye liveza uluvo lwam. Andifumananga mbuyekezo (ngaphandle kweSeeking Alpha). Andinabudlelwane beshishini nayo nayiphi na inkampani edweliswe kweli nqaku.