Added to YB: 2026-01-22
Pitch date: 2026-01-20
3445.T [bullish]
RS Technologies Co., Ltd.
-0.41%
current return
Author Info
FirstHill is a young investor and I focus on Quality and Value mid to small cap investments. They maintain a concentrated portfolio, so expect only a few high-conviction ideas at a time. Sign up for the newsletter.
Company Info
RS Technologies Co., Ltd. provides silicon wafer reclamation and sale services in Japan, Taiwan, China, South Korea, the United States, Europe, and internationally.
Market Cap
JPY 92.5B
Pitch Price
JPY 3.7K
Price Target
N/A
Dividend
1.58%
EV/EBITDA
4.92
P/E
9.96
EV/Sales
1.20
Sector
Semiconductors and Semiconductor Equipment
Category
value
RS Technologies: A Deep-Value GARP Semiconductor Supply chain play Hiding in Plain Sight - 30%y/y growth
3445.T: Japanese semiconductor supply chain co w/ dominant reclaimed wafer biz (mission-critical recurring revenue) + prime wafer mfg + acquired niche suppliers. 30% revenue growth, 9.5x P/E, trades below listed subsidiary value. Distribution flywheel via embedded customer relationships. Risks: M&A execution, tech obsolescence, cyclicality.
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