$Onto Innovation (ONTO.US)$🎯 As of December 14, 2023, the c...
$Onto Innovation (ONTO.US)$🎯 On 2023.12.14, the current price is 154, with a unrealized gain of 114.3% in the position.
New data: 23Q2, 23Q3, continuing the contraction from Q1.
Revenue shrank by 20.6% in the first three quarters of 2023, operating profit shrank by 50%, and net income shrank by 42%.
The asset-liability ratio has decreased from 11.1% to 8.9%, with an increase in cash, a decrease in accounts receivable, and a slight increase in inventory, with no interest-bearing borrowings.
Operating net income has been lower than investment net income for the past two quarters, resulting in a decrease in shareholder surplus.
Currently, the P/E ratio is 34, and the TTM P/E ratio has risen to 48.4. Although the balance sheet is healthy, the current profitability and valuation do not match, leading to profit-taking.
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