Added to YB: 2024-07-18
Pitch date: 2024-07-16
3445.T [bullish]
RS Technologies Co., Ltd.
+2.56%
current return
Author Info
JapaneseIPO writes about unknown but growing Japanese small cap stocks. Sign up for the newsletter.
Company Info
RS Technologies Co., Ltd. provides silicon wafer reclamation and sale services in Japan, Taiwan, China, Korea, the Americas, Europe, and rest of Asia.
Market Cap
JPY 99.1B
Pitch Price
JPY 3.6K
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.38
P/E
10.56
EV/Sales
1.43
Sector
Semiconductors and Semiconductor Equipment
Category
growth
RS Technologies (3445): Less cyclical semi-stock with solid sales performance (Sales 10x in 10 years). Discounted with a P/E ratio at 12.6x, but many initiatives to correct them.
RST: Global leader in wafer reclaiming (33% share). Sales grew 10x in 10 yrs. Less cyclical than prime wafers (20% cost). Expanded to prime wafers & energy storage. PE 12.6x, P/B 1.7x. 30% dividend payout. Strong Chinese connections. Mkt cap ~¥100B. Attractive valuation & growth prospects in semiconductor & alt energy sectors.
Read full article (4 min)