$Onto Innovation (ONTO.US)$In the March 2022 analysis, it wa...

Established in 2019 by merging two listed companies, it is mainly engaged in the measurement, testing and analysis equipment business. The global market is currently at a price of 183.4.

Since then, revenue grew in the first 4 years, shrank 18.8% in 2023, reversed losses in 2020, reached a high in 2022, shrank 51% in 2023, and net profit shrank 45.8% in 2023, which is currently lower than 2021. There is no interest burden. The gross margin increased from 44.1% to 51.5% in the past 5 years, and the return on net assets reached 14.8% in 2022 and 7.3% in 2023.

Currently, the price-earnings ratio is 74.7. Even when calculated based on the 2022 net profit high, the price-earnings ratio has reached 40.3, making the valuation unattractive.