Added to YB: 2026-07-31
Pitch date: 2026-07-30
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, South Korea, the United States, Europe, and internationally.
Market Cap
JPY 151.8B
Pitch Price
N/A
Price Target
N/A
Dividend
0.96%
EV/EBITDA
N/A
P/E
15.97
EV/Sales
1.90
Sector
Semiconductors and Semiconductor Equipment
Category
value
RS Technologies: A Mispriced Leader in the Semiconductor Supply Chain
3445.T: Japanese wafer reclaim leader (~35% rev, ~64% EBIT, high-30s margins, 20%+ ROIC) at 100% utilization on AI boom; expanding capacity +72% by 2028. 39.1% GRITEK stake worth ~$2.9B vs $927M mkt cap—market assigns negative value to core biz. Rev 15.3% CAGR, NI 19.8% CAGR to '28. Risks: TSMC share loss to Phoenix Silicon, poor capital allocation. Insiders own 50.6%; catalysts via GRITEK sale/spin-off.
Read full article (35 min)