$Onto Innovation (ONTO.US)$🎯 2023.12.14 Current price 154, ...

New data: 23Q2, 23Q3, continuing the contraction of Q1

In the first three quarters of 2023, revenue shrank by 20.6%, operating profit shrank by 50%, and net profit shrank by 42%.

The balance ratio fell from 11.1% to 8.9%, cash increased, accounts receivable decreased, inventory increased slightly, and there were no interest-bearing loans.

Net operating volume was lower than net investment in the past two quarters, and shareholder surpluses declined.

Currently, the price-earnings ratio is 34, and the price-earnings ratio TTM has been raised to 48.4. Although the balance sheet is healthy, the current profitability does not match the valuation, and profit has withdrawn.