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SHECY - Rogers Looking To EVs To Drive Growth Acceleration
Shin-Etsu Chemical Co. Ltd. ADR
Rogers is well-leveraged to growth in passenger vehicle electrification and safety, with substrates, laminates, and padding materials for power semiconductors, sensors, and battery packs.
Strong R&D and internal materials engineering capabilities have driven good market share for Rogers, but there are sizable rivals like Kyocera and Shin-Etsu targeting the same marketing opportunities.
Rogers' valuation is not unreasonable but does already reflect the well above-average growth potential in the EV and ADAS markets.