$OSI Systems (OSIS.US)$Excluded from the analysis two years ...

A USA company listed in 1997, mainly manufacturing electronic systems for homeland security, medical care, and aviation aerospace enterprises. Most markets are in the USA and United Kingdom, with the current price of 128.87.

Revenue has grown for 3 years in the past 5 years, excluding 2020 and 2021, with an average growth rate of 3.2%. Operating profit has grown for 4 years in the past 5 years, excluding 2020, with an average growth rate of 9.4%. Net income has a recent 4-year average growth rate of 9.1%. In 2023, interest expenses account for 14% of operating profit, indicating a heavy interest burden. The gross margin has decreased from 36.4% to 33.7% in the past 5 years, and the return on net assets has increased from 12.5% to 13.5%.

Revenue in the first two quarters of 2024 increased by 15.8%, operating profit increased by 71%, and net income increased by 79.2%.

Over the past 5 years, the asset-liability ratio has decreased from 56.4% to 53.3%, currently at 55.4%, with both total assets and net assets increasing. The proportion and growth rate of receivables and inventory are relatively normal, goodwill and other intangible assets are 0.49 billion, accounting for 67.2% of the net assets of 0.726 billion, and long-term borrowings are 0.136 billion, accounting for 18.7% of net assets.

In the past 5 years, the operating cash flow has been significantly higher than the net investment, resulting in substantial shareholder surplus.

The current pe is 23.9, the TTM pe has dropped to 19.3, if the net income grows by 60% for the full year, the pe ratio will decrease to 14.9, which may warrant some monitoring positions (👀).