$Onto Innovation (ONTO.US)$In the March 2022 analysis, it wa...

Established in 2019 through the merger of two listed companies, mainly engaged in the business of measuring, testing, and analysis equipment, with a global market. The current price is 183.4.

Since its establishment, revenue has grown in the first four years. In 2023, it shrinks by 18.8%. Operating profit turns around in 2020 and reaches a peak in 2022. In 2023, it shrinks by 51%. Net income shrinks by 45.8% in 2023, currently lower than in 2021. There is no interest burden. Gross margin has increased from 44.1% to 51.5% in the past five years. Return on net assets reaches 14.8% in 2022 and drops to 7.3% in 2023.

The current PE ratio is 74.7, even if calculated based on the peak net income in 2022, the PE ratio reaches 40.3, which is not attractive in terms of valuation.