Added to YB: 2024-07-08
Pitch date: 2024-07-05
6859.T [bullish]
Espec Corp.
+16.58%
current return
Author Info
JapaneseIPO writes about unknown but growing Japanese small cap stocks. Sign up for the newsletter.
Company Info
Espec Corp. manufactures and sells environmental test chambers worldwide. It operates through three segments: Equipment Business, Service Business, and Other Business.
Market Cap
JPY 67.2B
Pitch Price
JPY 2.9K
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.70
P/E
13.53
EV/Sales
0.90
Sector
Electronic Equipment, Instruments and Components
Category
value
ESPEC Corp. (6859): The leader in the environment test sector with growth propelled by EVs and semi, with P/E at 14.3x and P/B at 1.29x (after YTD appreciation of 30%).
ESPEC (6859.T): Global leader in environmental testing, 60% domestic/30% global market share. Strong tailwinds from EV/semiconductor industries. PE 14, PB 1.3 vs competitor Shimazu at PE 21, PB 2.4. Potential for multiple expansion. 76B yen market cap. Shareholder-friendly with English disclosures. Industry crucial for product safety/compliance.
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