Professional
Added to YB: 2024-04-30
Pitch date: 2024-04-05
RELL [bullish]
Richardson Electronics, Ltd.
+24.73%
current return
Author Info
No bio for this author
Company Info
Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables in North America, the Asia Pacific, Europe, and Latin America.
Market Cap
$150.4M
Pitch Price
$8.80
Price Target
18.14 (+65%)
Dividend
2.31%
EV/EBITDA
15.86
P/E
849.01
EV/Sales
0.56
Sector
Electronic Equipment, Instruments and Components
Category
growth
Rewey Asset Management New Portfolio Holding: Richardson Electronics, Ltd.
RELL: Neglected semi supplier & green energy play. Net cash, inventory > EV, supporting LT orders like GE wind. Semi recovery + growth in wind/rail battery modules & synthetic diamonds could drive $500M revs vs $246M FY23. Fair value est. >100% upside to Q1 $9 price on FY23 earnings power alone.
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