$Synaptics (SYNA.US)$Excluded from the analysis in March 202...

Revenue declined for 3 years in the past 5 years, excluding 2021 and 2022, resulting in overall contraction. Operating profit grew for 4 years relying on the gross margin increase. In 2023, the significant decline in revenue led to a sharp decrease in gross margin percentage and an increase in fee ratio, resulting in a substantial 58.2% contraction in net income in 2023.

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

Currently, the P/E ratio is 57.8, with a negative trailing P/E ratio. Considering the continued overall revenue contraction trend, it is not attractive.