$Rambus (RMBS.US)$In the March 2022 analysis, excessive valu...

Launched in 1997, it mainly deals in the semiconductor solutions business. 61% of the market is in the US, and the current price is 55.51.

In the past 5 years, with the exception of 2019, revenue grew at an average growth rate of 14.7%. Among them, the growth rate fell to 1.4% in 2023, operating profit declined to 14.3% in 2023, net profit was affected by special expenses in 2022, and reached 334 million in 2023 due to business sales revenue and income tax rebates; otherwise, it should have been around 80 million. There are no interest charges in 2023. The gross margin has remained around 77% for the past 5 years.

Currently, the price-earnings ratio is 18.5, and the price-earnings ratio excluding taxes and business sales is 74. The valuation is not very attractive.