業種
Chip IP
Chip IP のすべてのレポート — 全 2 件。
41/100
VeriSilicon From a Long-Term Owner's Perspective
A good market, a scarce company, and a bad price. VeriSilicon signed RMB 5.960 billion of new orders in 2025, more than doubling year on year, but it has lost money for three straight years and has long had negative free cash flow. Rating Avoid: at roughly RMB 240 per share, a 40x P/S ratio and 37-40x P/B ratio already discount the most optimistic scenario for the next decade, leaving almost no margin of safety.
55/100
59Buffett
Arm Holdings: A Deep-Dive Value Analysis
The leading CPU-architecture IP platform, with exceptionally strong ecosystem and network effects; but at roughly $257 the stock trades at about 300x earnings and a 0.33% FCF yield, leaving the valuation an order of magnitude too rich with no margin of safety. Rating Watch: a superb business at a price that prices in a decade of flawless execution, ideal entry $30–50.