Added to YB: 2024-03-22
Pitch date: 2024-03-21
QLTU.TA [bullish]
Qualitau Ltd
+671.25%
current return
Author Info
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Company Info
Qualitau Ltd engages in the development, manufacture, and sale of test equipment and services for use in the semiconductor industry for European and Far-Eastern markets.
Market Cap
ILS 166.2M
Pitch Price
ILS 74.74
Price Target
350.00 (-37%)
Dividend
3.36%
EV/EBITDA
9.48
P/E
14.18
EV/Sales
3.42
Sector
Semiconductors and Semiconductor Equipment
Category
value
Qualitau Ltd: Cheap, Big Margins, Niche, Growth, Industry Leading, Aligned Management and Clean B/Sheet
QLTU.TA: Semiconductor testing co. w/ in-house tech & top service. Cheap at 6.5x cash adj P/E despite 29-41% rev growth, 20-35% op margins in '21-'22. $20M net cash, $28M '22 backlog. Risks: annual contracts, competition, cyclicality, Asia exposure. EPV & DCF suggest $250-350M fair value vs $90M mkt cap.
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