MYCR SS

Mycronic AB

TMT


Presented:12/13/2016
Price:SEK94.75
Cap:$1.12B
Current Price:SEK375.40
Cap:$4.42B

Presented

Date12/13/2016
PriceSEK94.75
Market Cap$1.12B
Ent Value$1.17B
P/E Ratio22.4x
Book ValueSEK11.35
Div Yield0.01%
Shares O/S97.92M
Ave Daily Vol261,264
Short IntN/A

Current

PriceSEK375.40
Market Cap$4.42B
Mycronic AB engages in the development, manufacture, and market of production solutions to the electronics industry. The company delivers production solutions for the manufacturing of electronics products. It operates through the Pattern Generators and Surface Mount Technology (SMT) business areas. The Pattern Generators business area consists of a series of laser pattern generators for the production of photomasks. The SMT business area involves surface mount equipment for flexible electronics production. The company was founded in 1989 and is headquartered in Täby, Sweden.

Publicly traded companies mentioned herein: LG Corp (003550 KS), Mycronic AB (MYCR SS), Samsung Electronics Co Ltd (005930 KS)

Highlights

The presenter is short shares of Mycronic (MYCR SS), the sole global manufacturer of photomask writers, citing the completion of an upgrade cycle and lack of future market expansion. The presenter believes MYCR is set to see the end of its current peak cycle, and he models an earnings decline from 6.50 SEK down to 3.00 SEK, which, if accurate, might lead to 50% downside.

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Idea Discussion

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