9 Comments
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Rainbow Roxy's avatar

Couldn't agree more. Your analysis of the growing shortage in leading-edge semiconductor manufacturing and its impact on capex forecasts is highly astute. Very well articulated.

Jason's Chips's avatar

Thank you, appreciate the support

Aurel's avatar

It is a german company which provides tools for material inspection and quality control of produced goods (chips, etc.). There are two business segments, but that is now not important. The thing is, that they want to doubble their revenue till 2028 (from 250 milion EUR to 500 milion), the EV is somewhere about 600 to 650 milion by a minimal leverage ( net debt to EBITDA 0,5). I could be 3 to 5 bagger dependent on execution. You have analyzed Aixtron, so you obviously know something about semiconductors. The company has a little coverage, so you could have here an edge.

Jason's Chips's avatar

Thank you, I will take a look. Inspection/metrology is very compelling these days.

Aurel's avatar

Well I'm not really strong at semiconductors and their value chains, but it looks like that they have quite a moat. They are suposed to meaningfully grow margins and the working capital turnover should improve. But you will gain better insights than me. Let me know, what you think. Thanks

Aurel's avatar

Great article. Can you make something similar ar PVA TePla?

Jason's Chips's avatar

Thank you. Could you elaborate on what PVA TePla is?

JP's avatar

All 3 articles have been extremely helpful, tyvm

Jason's Chips's avatar

Thank you, glad you found them helpful