Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
Headquartered in Elsoff, Germany, Plan Optik AG is a German manufacturer and supplier of structured wafers. Their extensive product portfolio includes a diverse range of substrate wafers, such as borosilicate, quartz, fused silica, and alkaline-free materials, as well as silicon-on-glass variants. The company further provides various carriers and specialized tools, like chemical, thermal, laser, and mechanical release carrier wafers, alongside adapter wafers and handling instruments. For packaging applications, they offer through-hole, cavity, and trenched wafers, customized cap solutions, and wafers with structured silicon layers. Beyond these, Plan Optik supplies interposers, encompassing glass and silicon (SI) interposers, through-glass vias (TGVs), and redistribution layers. They also produce microfluidic devices, including micro reactors, fluidic chips, flow chemistry sets, and sensors. To support these offerings, the firm provides a suite of services, such as mechanical processing, patterning, wafer thinning, coating, wire sawing, and bonding. These advanced solutions are utilized across numerous sectors, including consumer electronics, automotive, aerospace, chemistry, and pharmaceuticals.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is 'expensive' on EV/EBITDA, overvalued on