Professional
Added to YB: 2024-02-01
Pitch date: 2024-02-01
ARM [bearish]
Arm Holdings plc
-109.24%
current return
Author Info
Bireme Capital uses a value-oriented, bottom-up analysis to identify high IRR opportunities in publicly listed equities. Visit the website.
Company Info
Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers.
Market Cap
$166.8B
Pitch Price
$71.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
196.87
P/E
209.45
EV/Sales
35.05
Sector
Semiconductors and Semiconductor Equipment
Category
N/A
Bireme Capital holding: [short] ARM Holdings ($ARM)
ARM: Bearish. 20x sales, 100x FY23 OpInc. Softbank inflating revs pre-IPO via aggressive pricing: royalties now on device vs chip value. Short-term boost risks alienating customers. RISC-V open-source rival rising: Google making it Android tier-1. ARM's model unsustainable as its value-add wanes & custom chips (Apple) grow. Valuation unjustified.
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