$NXP Semiconductors (NXPI.US)$In the March 2022 analysis, it...

Dutch company listed in 2010, global market, current price 235.32.

In the past 5 years, revenue shrank sharply in the first two years, and gradually slowed in the past two years. It grew 0.54% in 2023, an average 5-year growth rate of 7.1%, operating profit increased 7.5 times in 2021, reached a high point in 2022, shrank 3.1% in 2023, and net profit rose sharply to 1.91 billion yuan in 2021, almost reaching the level of 2.26 billion yuan in 2018, a sharp increase of 2.83 billion in 2022, and a slight contraction of 0.4% in 2023. Interest expenses account for 8.4% of operating profit in 2023, and the interest burden is not too heavy. The gross margin increased from 52% to 56.9% in the past 5 years, and the return on net assets reached 34.8% in 2023.

The balance ratio has increased from 51.8% to 63.2% over the past 5 years. The ratio and growth rate of accounts receivable and inventory were normal. Goodwill and other intangible assets fell to 10.9 billion dollars, 1.2 times the net assets of 9 billion dollars. Long-term loans of 10.2 billion yuan were 1.1 times net assets, and the leverage ratio was very high.

It currently has 4.271 billion dollars in cash, a current ratio of 1.9, and a moving ratio of 1.3.

Over the past five years, net operating cash flow has been significantly higher than net investment, generating a high percentage of shareholder surpluses.

Currently, the price-earnings ratio is 22 and the dividend ratio is 1.7%. Considering the recent decline in growth and cyclical factors, it is temporarily unattractive.