Risk factor
High price volatility
Profitability factor
Greatly overvalued vs peers
About
C.C.P. Contact Probes Co., Ltd., alongside its affiliated companies, operates globally from its base in Taiwan, specializing in the research, development, and manufacturing of spring-loaded probes and diverse connector technologies. The company provides an extensive array of testing solutions, addressing various application needs such as general final product verification, battery performance assessment, high-frequency signal integrity, memory device testing, fine pitch connector validation, wafer-level analysis, high voltage integrity checks, Kelvin contact measurement, and burn-in reliability testing. They also offer solutions for integrating automated test equipment (ATE), panel testing, and high-current integrated circuit (IC) evaluations. Key products include a wide range of pogo pin connectors, available in both standard and custom designs. These encompass single-pin, waterproof, ballpoint, magnetic, high-current, high-frequency, and ultra-small variants, as well as specialized screw pins. Beyond pogo pins, C.C.P. also supplies other vital connector types, including industrial-grade connectors, battery and spring connectors, components for electric vehicle (EV) charging plugs and sockets, and bespoke connector solutions tailored to specific client requirements. Founded in 1983, the company was initially known as CCP Contact Probes Enterprise Co., Ltd. It officially changed its name to C.C.P. Contact Probes Co., Ltd. in 1998 and maintains its corporate headquarters in New Taipei City, Taiwan.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB