Repost: DSA.TO (Dalsa) DALSA @ $7.25 (Can$)
Dalsa makes CMOS & CCD image sensors of high quality. Growing during semi slump. Active in many markets - in XRAY, machine vision, high end digital cameras, digital film, semiconductor equipment and biotech also.. See: www.dalsa.com
Valuations are pristine: P/E around 10 (FY2002 guidance), PSR of 1.10, CAGR .. 20-30% (growth rate revenues)
Did some medical imaging acquisitions in FY1999-2001, for example silicom Mountain (Digital XRAY). Recently a firm more geared towards consumer digital cameras (OVTI) was upgraded and shot up from $2 to $10. DSA.TO (Dalsa) is way more high end oriented but could experience a similar surge due to the sector appeal (Imaging Sensors - CCD, CMOS)
Today they banked another huge order. Dalsa News - DSA.TO T.DSA Can$ 7.25
DALSA Reports Large Order for High Speed Digital Cameras
biz.yahoo.com
Order is almost $4m (Can$), Next year $70m total revenues are expected in their former guidance. If NasdaqNM: OVTI is an indication, DSA.TO could room towards $40-50 (Can$)
Summing up, this company is pretty unique in that they are one of the few pure plays in CCD and CMOS chips plus high quality camera and electronics for selected vertical markets. Solid balance sheet (almost debt free) and profitability. Recently increased their guidance for FY2002 (they blatantly doubled earnings expectations). Gross margins already approaching 60%. The little Long term debt they still ahve is going to be eliminated very soon. Price to sales around 1 right now, PE under 10. Covers many high tech vertical market applications.
biz.yahoo.com
RATING
TA:
52week range: $4-$7.60
Volume : bottom reversal on volume spike around $5, volume steady but no surge (yet ?)
TA signal : none yet but there appeared to be short-mid term resistance at $7.25 which was pierced yesterday ($7.35). But no true breakout yet.
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Sector strength: Semi (SOX) recently quite good, leading the Nasdaq stockcharts.com[m,a]dacl...
FA:
Sector Strength : OVTI (Nasdaq, shot up from $2 to $10) - PSR 1.5 to 5
News/Events: New big order (8% of annual sales), recent upward guidance for FY2002 (doubling)
Earnings : Expected Earnings are around $0.60-0.65 for FY2002, PE of 11-12
Other : RARE PLAY - usually silicon image sensor proficiency are deeply hidden inside big billion $ sales corporations. Dalsa (DSA.TO) is one of the few "pure plays" here
Rating: Chart Signal 0 points
Timeliness : 1 point
Sector FA : 1 point
Earnings history & CAGR : 2 points
News development : 2 points (acquisitions & move to NAZ over 2 years)
Unrealized value : 1 point
Total : 7 points
best regards
CROSSY |
