$Synaptics (SYNA.US)$In the March 2022 analysis, the stock p...

In the past 5 years, with the exception of 2021 and 2022, revenue declined for 3 years. Operating profit increased for 4 years due to an increase in gross margin. In 2023, it finally shrank sharply by 58.2% due to a sharp contraction in revenue, and net profit shrank 71.4% in 2023.

In the first half of 2024, revenue contracted by 40.8%, and both operating profit and net profit turned into losses.

Currently, the price-earnings ratio is 57.8, and the price-earnings ratio TTM loss is not very attractive considering that the overall revenue contraction trend has not changed.