$NVE Corp (NVEC.US)$In the March 2022 analysis, due to the c...

Launched in 2003, it mainly deals in the sensor and coupler business. Single US market, current price is 83.01.

In the past 5 years, revenue has shrunk in the first 3 years, and has grown rapidly in the past 2 years. The 5-year average growth rate is 5.1%, the average operating profit growth rate is 6.8%, and the average net profit growth rate is 10.3%. The debt ratio has always been very low, and there is no interest burden. The gross margin declined from 80.3% to 78.9% in the past 5 years, and the return on net assets increased from 21.4% to 34.5% in 2023.

In the first three quarters of 2024, revenue contracted 10.7%, operating profit shrank 13.6%, and net profit shrank 8% to 13.31.17 million.

The balance ratio has been less than 5% for the past 5 years. The ratio and growth rate of receivables and inventory are normal. There are no interest-bearing liabilities.

Since last year's net profit was concentrated in Q4, this year's Q4 performance had a huge impact on the whole year, so we can wait until the annual report comes out before making a judgment. Currently, the price-earnings ratio of 17.7 times and the price-earnings ratio of 18.6 times TTM are too high for cyclical stocks.