Added to YB: 2026-04-21
Pitch date: 2026-04-17
MEMS.PA [bullish]
MEMSCAP, S.A.
+14.39%
current return
Author Info
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Company Info
MEMSCAP, S.A. provides micro-electro-mechanical systems (MEMS) based solutions for aerospace and defense, optical communications, medical, and biomedical markets worldwide.
Market Cap
EUR 38.6M
Pitch Price
EUR 5.56
Price Target
N/A
Dividend
1.30%
EV/EBITDA
21.71
P/E
43.05
EV/Sales
3.23
Sector
Semiconductors and Semiconductor Equipment
Category
growth
THREAD on MEMSCAP Bottleneck
MEMS.PA: Global duopoly w/ Honeywell in aerospace pressure sensors (73% rev, FADEC/air data). #1 VOA chip supplier for optical comms (14% rev), benefiting from AI datacenter OCS/CPO buildout (44% optical growth late 2025). Fabless = capital-light model. 2026-27: 12% rev CAGR, 54% net income CAGR on operating leverage. Gross margin 41.4% (vs 34.4%). €6M net cash, debt-free, €0.066 dividend. Risk: 75% USD rev vs EUR/NOK costs = FX volatility (€105K loss 2025).
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