Added to YB: 2026-08-25
Pitch date: 2026-08-21
CANATU.HE [bullish]
Canatu Oyj
Author Info
No bio for this author
Company Info
Canatu Oyj develops and sells carbon nanotubes (CNTs) and related products, and manufacturing equipment for the semiconductor, automotive, and medical diagnostics industries in Finland, the United States, Japan, and Taiwan.
Market Cap
EUR 236.8M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-17.49
P/E
-23.63
EV/Sales
8.80
Sector
Semiconductors and Semiconductor Equipment
Category
special_situation
Canatu: The Chip Bottleneck Hiding in Finland
CANATU.HE: Finnish CNT pellicle maker at ~€250M cap, €90M net cash (~€150M EV). Sells reactors + royalties/consumables on membranes surviving 600W+ EUV where old pellicles fail. FST/Samsung leg passed SAT, royalties start 2026; 2nd customer (likely TSMC) SAT pending. Guide €100-150M rev/25-30% EBIT by 2030, 72% GM. Binary bet: qualification could fail, targets already slipped 2027→2030, competition/Taiwan risk. High-risk asymmetric upside.
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