$VeriSign (VRSN.US)$Excluded from the fall 2022 inventory du...

Launched in 1998, it is mainly a domain name signature business. 65% of the market is in the US, and the current price is 199.1.

Revenue has continued to grow over the past 5 years, with an average growth rate of 4.1%. Operating profit continued to grow at an average growth rate of 5.9%, and net profit increased in the previous 3 years. In the past two years, due to tax fluctuations, the 5-year average growth rate was 8.1%. Affected by stock repurchases and cancellations, the 5-year average growth rate of earnings per share reached 11.3%.

Interest expenses account for 6.4% of operating profit in 2022, and the interest burden is normal. The gross margin increased from 84.2% to 85.9% in the past 5 years.

In the first three quarters of 2023, revenue increased 5.4%, operating profit increased 6.7%, and net profit increased 11.9%.

Currently, the price-earnings ratio is 31.9, and the price-earnings ratio is TTM28.4, which is not very attractive compared to the long-term growth rate.