Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Effissimo, Sanken, and Allegro - Thinking About the Future

Effissimo Launches Unsolicited/Hostile Partial Tender On Sanken Electric

Equity Bottom-Up

<ul>
<li>Sanken benefits from the structural growth in EVs, which should underpin revenue growth and margin accretion. </li>
<li>DCF valuation suggests the stock is slightly undervalued. However, better-than-expected revenue trends could easily drive significant upside. </li>
<li>Almost 30% of shares are held by activist investors - there is an attractive 57% upside to a SOTP valuation that could be realised over time.</li>
</ul>


Sanken benefits from the structural growth in EVs, which should underpin revenue growth and margin accretion. 
DCF valuation suggests the stock is slightly undervalued. However, better-than-expected revenue trends could easily drive significant upside. 
Almost 30% of shares are held by activist investors - there is an attractive 57% upside to a SOTP valuation that could be realised over time.


Sanken (6707)| Attractive for Activists and Growth Investors