$InMode (INMD.US)$🎯 2024.4.9 Current price 18.16, position ...

New data: In 23Q4, revenue shrank by 5.1%, operating profit shrank by 14.5% due to a slight increase in the share of expenses, and net profit increased sharply by 46% due to income tax fluctuations.

In 2023, revenue increased by 8.3%, operating profit shrank by 1.1%, and net profit increased by 22.5%. The average net profit growth rate in the 4 years after listing in 2019 was 34%, but the growth rate has clearly slowed in the past two years, with an average growth rate of 9.5%.

The balance ratio declined further from 13.9% to 8.8%, cash increased significantly, and there was no interest-bearing debt.

Currently, the price-earnings ratio is 7.9, and the valuation is very low. Despite a quarter of contraction in revenue, you can still choose carefully (⭐️)