Added to YB: 2026-04-17
Pitch date: 2026-04-15
LPK.DE [bullish]
LPKF Laser & Electronics SE
+11.33%
current return
Author Info
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Company Info
LPKF Laser & Electronics SE, together with its subsidiaries, develops, manufactures, and sells laser-based solutions for the technology industry worldwide.
Market Cap
EUR 249.4M
Pitch Price
EUR 10.15
Price Target
278.00 (+2360%)
Dividend
N/A
EV/EBITDA
-67.23
P/E
-17.29
EV/Sales
1.98
Sector
Electronic Equipment, Instruments and Components
Category
growth
$LPKF: 100x Hiding in a 50-Year-Old German Laser Shop
LPK.DE: German laser co at €10.25, €280M EV, trades 2x fwd rev like industrial laser shop but owns 4-tool monopoly on glass-substrate AI packaging. Mar'26 disclosed new singulation + bonding tools (3x content/panel vs consensus LIDE-only model). Exclusive Intel CPO dev (patent trail), Samsung SEMs confirmed customer, DNP/TSMC/JNTC/Absolics in pipeline. Glass TAM €1-5B equip by 2030 (0 today) as ABF hits wall on thermal/signal/line-space for AI packages. Bear: 16x in 5yr to $198. Base (45% prob): 47x to $573 on 25% EBIT, 15x rev multiple (Onto/Camtek peer set). Bull: 100x to $1218 on CPO scale + defense/sovereign demand. Moonshot (10% prob): 204x to $2448 if glass takes >50% adv pkg share. Prob-weighted 2030 PT $848, PV $278 at 25% discount (23x today). Catalysts: Q1'26 order book (Apr 30), Intel CPO confirm (late'26), US coverage initiation, SDAX inclusion. Risks: qual slip (Samsung to '27 vs '26), ABF extends (physics say no for AI), Solar drag (winding down). Zero US coverage, thin float, 50yr Mittelstand, net cash BS. Peer gap: should trade 7-15x rev (Disco/Camtek/Onto) vs 2x today (Han's/IPG). Samsung Sejong named LPKF in May'24 (Tom's/TechSpot/ETNews), DNP Dec'25 pilot uses LIDE, Intel CPO patent '23. Bear is 16-bag, base 47-bag, bull 100-bag.
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