Mycronic is a pick-and-shovel investment in the digital age providing products and services used to produce electronics. The company has a long growth track record which is reflected in the share price in the past 10 years.
The share price recently dropped below 20x EV/EBIT, which is relative low for Mycronic. The company has good margins and moat that result in 25% ROE. Minor position after the recent correction (August 2024).