$Littelfuse (LFUS.US)$In the analysis two years ago, it was ...

The US company, which was listed in 1992, is mainly engaged in circuit protection business. The main markets are the US and China, and the current price is 232.4.

Over the past 5 years, revenue and profit have shrunk in 2019 and 2020, increased in 2021 and 2022, and contracted again in 2023. This appears to be a combination of cycle and growth. The average revenue growth rate is 6.6%, the 5-year average growth rate of operating profit is 9.6%, and the average growth rate of net profit is 9.5%. Interest expenses account for 10.6% of operating profit in 2023, and the interest burden is slightly higher. The gross margin fell back to 38.1% after increasing from 36.3% to 40.1% in the past 5 years, and the return on net assets fell back to 11.1% after increasing from 9.35% to 18.2%.

The current price-earnings ratio of 22.5 is reasonable compared to the long-term growth rate, and is unattractive.