SUSS MicroTec Is Too Cheap To Ignore After Record-Breaking FY24

  • FY24 was the most successful year in SUSS Microtec's history, with revenue and EBIT margin exceeding 2025 targets a year early. Despite stellar financials, the stock is down ~30% since my initial Buy rating in late 2024, presenting a potential value opportunity. The company boasts a strong backlog of €428M, sticky customer base, and limited exposure to U.S. tariffs.