Added to YB: 2024-08-12
Pitch date: 2024-08-09
DQ [bullish]
Daqo New Energy Corp.
+93.87%
current return
Author Info
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Company Info
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People’s Republic of China.
Market Cap
$1.4B
Pitch Price
$16.64
Price Target
162.70 (+404%)
Dividend
N/A
EV/EBITDA
74.22
P/E
-12.97
EV/Sales
0.56
Sector
Semiconductors and Semiconductor Equipment
Category
value
Daqo New Energy Corp. - $DQ
DQ: Low-cost polysilicon producer, trading at 2x TTM FCF & 50% net cash. Industry-leading margins (7.8% median FCF) & ROIC (11.3%). $162.70 PT (850% upside) based on next peak cycle. Risks: prolonged low prices, but well-positioned with cash reserves. 12.8% annual demand growth forecast. Management expects competitor bankruptcies by end of 2024.
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