- From 2022, the company will invest $1 billion in the silicon carbide (SiC) market, which has an expected growth rate of 50% from 2020 to 2030.
- This is an excellent growth driver that will provide stable organic revenue growth over the long term.
- We expect the positive revenue trend will continue and allow the company to maintain net profit margin and asset turnover at historical levels.
- According to our valuation, the company is trading at a discount to the fair price. By multiples, II-VI corresponds to the industry average.
For further details see:
II-VI: Mr. Market Overlooked The Market Potential