Added to YB: 2025-10-08
Pitch date: 2025-10-06
3445.T [bullish]
RS Technologies Co., Ltd.
Author Info
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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
N/A
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
value
RS Technologies (3445.T): Deeply misunderstood play leveraging the high growth Chinese WFE market
3445.T: Global wafer reclaim leader (33% mkt share) + prime wafer expansion in China. Revenue 25B→60B yen (2020-25), profits 2.8B→9.4B yen. Trading 1x 2027 sales vs mgmt guide 100B yen revenue/12.7B profit. Chinese subsidiary (688432.SH) stake worth 142B yen vs 99B parent mkt cap - extreme discount.
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