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研報掘金丨安信證券:維持柏楚電子“買入-A”評級 目標價275.3元
格隆匯 08-08 15:15
格隆匯8月8日丨安信證券7日研報指出,柏楚電子(688188.SH)是行業內少數具備“MES、圖形、運動控制、驅動、傳感”一體化研發能力的公司,管理層對工控自動化行業商業模式理解極深,具備供給創造需求的能力。短期從行業貝塔角度,通用製造業處於下行築底的尾聲,復甦漸行漸近,中期焊接自動化提供新的增長曲線,長期底層技術研發能力支撐新產品期權。預計公司2023年-2025年的收入分別為12.71/16.92/23.54億元,增速分別為41.47%、31.52%、37.31%,淨利潤分別為6.51/9.37/12.92億元,增速分別為 35.66%、43.98%、37.99%,對應PE分別為 55X/38X/28X,維持“買入-A”的投資評級,6個月目標價275.30元,對應2024年43X 的動態市盈率。
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