$Power Integrations (POWI.US)$Excluded from the March 2022 a...

Launched in 1997, it is mainly engaged in the power supply components business. 60% of the market is in Hong Kong, and the current price is 71.5.

In the past 5 years, revenue increased in the first 3 years, shrank in the next 2 years, operating profit increased in the middle of the 3 years, and shrank in the first and last 2 years. Net profit was greatly affected by other income and income tax fluctuations. There has been no interest burden for the past 5 years. The gross margin was basically around 51% in the past 5 years, except when it surged to 56.4% in 2022, and the return on net assets was 7.4% in 2023.

Currently, the price-earnings ratio is 73.7. Even when calculated at the 2019 high of 190 million, the price-earnings ratio reached 21.4. Considering that net profit does not have a steady growth trend, it is not very attractive.