Risk factor
Very high price volatility
Profitability factor
Undervalued vs peers
About
MiCo Ltd. is an engineering firm specializing in the production and global distribution of ceramic materials and sophisticated components. Their extensive product line features specialized powders such as heater, electrostatic chuck (ESC), and general parts granule powders, alongside high-performance ceramic powders like alumina, yttria, YAG, and aluminum nitride. These advanced materials are crucial for manufacturing and coating components used in semiconductor and display production equipment, as well as cells for solid oxide fuel cell systems. MiCo also supplies various electrostatic chucks (polyimide, APS coating, ceramic) for display, semiconductor, and LED/LCD applications, complemented by comprehensive repair services. Additionally, they are a provider of solid oxide fuel cells. Founded in 1996, the company operated as KoMiCo Ltd. before rebranding to MiCo Ltd. in 2013. Its headquarters are located in Anseong, South Korea.
Company Valuation
From both historical and forecast perspectives, the stock is underpriced compared to similar stocks. Specifically, the stock is neutral on EV/EBITDA.