Added to YB: 2026-03-23
Pitch date: 2026-03-19
M7U.DE [bullish]
Nynomic AG
Author Info
No bio for this author
Company Info
Nynomic AG, together with its subsidiaries, manufactures and sells products for permanent, non-contact, and non-destructive optical measurement technology.
Market Cap
EUR 82.1M
Pitch Price
N/A
Price Target
18.70
Dividend
N/A
EV/EBITDA
16.31
P/E
-31.02
EV/Sales
0.95
Sector
Electronic Equipment, Instruments and Components
Category
turnaround
A monopolistic supplier in the rapidly expanding photonics segment for AI data centers, embedded within a holding company
M7U.DE: Distressed photonics holding at 0.5x book, 0.59x sales trades below €56M mkt cap but hides LayTec—world monopolist in InP laser metrology for AI datacenter chips, 90%+ OEM share via Aixtron integration. NVDA's $4B Lumentum/Coherent investment validates InP bottleneck. SOTP: LayTec alone worth €50-65M, remaining biz €75-120M. NyFIT2025 cuts save €5-6M/yr (+500bps EBIT margin). CPO ramp = €5-10M/yr opportunity 2028-30. Risks: Aixtron dependency, mgmt credibility (2 guidance cuts), micro-cap illiquidity, Chinese competition, CPO timing. Analysts target €18-24.50 (3x upside). Bull case €170-200M (3.5x). 57-120% base upside on 2-3yr view.
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