$Kulicke & Soffa Industries (KLIC.US)$The stock price has fa...
$Kulicke & Soffa Industries(KLIC.US$The stock price has fallen 23% since it was selected in the March 2022 analysis due to large discounts in the valuation. The previous assessment was an obvious mistake, ignoring the unsustainability of the surge.
Launched in 1978, it mainly deals in the fixed equipment and expendable tools business for semiconductor devices. The main market is Asia, and the current price is 47.22.
Over the past 5 years, revenue remained high in 2021 and 2022, and the remaining 3 years were low. Operating profit remained above 400 million in 2021 and 2022. The remaining 3 years were very low. It was only 61 million in 2023, and net profit was similar. It was only 57 million yuan in 2023.
2024Q1 revenue continued to shrink by 2.9%, operating profit by 85.7%, and net profit by 36.3%.
Currently, the price-earnings ratio is 47.7, and the price-earnings ratio is TTM 52.4. The 5-year average net profit of 180 million yuan corresponds to a price-earnings ratio of 14.8. The valuation is not very attractive.
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