Growth AmbitionsRenesas has ambitious goals for 2030, aiming to become a top 3 embedded semiconductor solution provider, achieve 20x revenue growth, and increase corporate value sixfold.
Profitability ImprovementImproving profitability in recent years, partly due to change in product mix, has driven a significant turnaround, with profitability improving substantially in 2023.
Valuation AttractivenessRenesas’ valuation is appealing, in comparison to peers like ON Semiconductor, trading at 3.2x forward P/BV, and NXP, trading at 7.0x.