Apr. 30 at 2:23 PM
OE Solutions (138080.KQ) looks like a mispriced optical play at ~
$320M mkt cap.
Same vertical integration model as
$AAOI /
$COHR: InP laser → transceiver → full assembly, targeting AI + CPO demand wave.
What stands out:
Revenue +79% YoY (2025), but still loss-making due to heavy R&D/capex
Strong backlog momentum (+58% YoY Q4 run rate)
Positioned inside Korea 5G/6G + national infra upgrades
Deep OEM exposure (
$CSCO /
$CIEN ecosystem)
Valuation gap is the story:
~8x forward P/S vs
$LITE ~30x, AAOI ~25x
This is a classic “execution vs re-rating” setup. If margins inflect in 2026, multiple expansion could do most of the work.
Risk is simple: miss execution → stays cheap. Deliver → rerates fast.
Follow me 👉@ChipDistribution7 for real-time updates and everything. Let’s make moves!
