Cirtek Electronics
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Cirtek Electronics - overview
Location
Binan, -, Philippines
Primary Industry
Logistics & Distribution
About
Cirtek Electronics specializes in advanced semiconductor solutions, with a strong focus on radio frequency and microwave applications, catering primarily to telecommunications and electronic manufacturers. Cirtek Electronics Corporation operates from Binan, Philippines, focusing on the design, development, and manufacturing of semiconductor products. The company raised USD 7. 00 mn through an IPO on the Philippines Stock Exchange on November 18, 2011, marking a significant financial milestone.
Cirtek was founded by individuals committed to the semiconductor industry, although specific founding details are not provided. Cirtek Electronics Corporation specializes in the design, development, and manufacturing of advanced semiconductor solutions, primarily focusing on radio frequency (RF) and microwave applications. Their core product offerings include RF components, integrated circuits, and a range of semiconductor devices designed to enhance communication systems, including those used in mobile networks, satellite communications, and consumer electronics. These products are engineered to provide high performance and reliability, addressing the increasing demand for efficiency and reliability in communication technologies.
Cirtek serves a diverse client base, including telecommunications providers and electronic manufacturers across North America, Europe, and Asia-Pacific, specifically targeting markets where mobile connectivity and advanced electronic systems are critical. Cirtek Electronics Corporation generated revenue of USD 29. 93 mn in 2023, with an EBITDA of USD 9. 49 mn for the same year.
The company generates revenue through direct sales of their semiconductor products to business clients, including manufacturers and telecommunications firms. The transaction structure typically involves B2B agreements, where clients place bulk orders for specific semiconductor products, often under long-term contracts that ensure a steady supply of components. These transactions may also include partnerships for co-development projects, where Cirtek collaborates with clients to create tailored solutions for unique applications. Pricing strategies are aligned with industry standards, reflecting the advanced technology and quality of their flagship products, such as proprietary RF integrated circuits.
By maintaining strong relationships with key industry players, Cirtek effectively secures its revenue stream, positioning itself as a reliable partner in the highly competitive semiconductor market. Cirtek Electronics plans to leverage its IPO funding to support the development of new RF and microwave products scheduled for release in the coming years. The company aims to expand its market presence in North America and Europe, targeting increased demand for advanced communication technologies. This strategic expansion is expected to commence by 2025, aligning with their growth objectives.
Current Investors
The Abraaj Group
Primary Industry
Logistics & Distribution
Sub Industries
Electronic Components & Semiconductor Wholesalers
Website
www.cirtekelectronics.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Cirtek Electronics - timeline of key events
Cirtek Electronics - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 23,021,483 | 25,137,426 | 24,405,361 | 25,627,258 | 25,598,008 | 25,764,591 | 25,094,276 | 26,861,444 | 30,560,492 | 25,831,716 | 23,374,669 | 25,586,544 | - | - | - |
| % Revenue Growth (YoY) | - | 9.2% | (2.9%) | 5.0% | (0.1%) | 0.7% | (2.6%) | 7.0% | 13.8% | (15.5%) | (9.5%) | 9.5% | - | - | - |
| EBITDA (USD) | 2,907,799 | 5,411,989 | 7,011,839 | 5,566,406 | 5,635,711 | 6,505,634 | 8,805,287 | 9,695,894 | 10,251,975 | 11,196,822 | 9,022,895 | 9,538,877 | - | - | - |
| Operating Income (USD) | 33,123 | 2,677,746 | 3,974,455 | 3,256,632 | 3,155,801 | 4,503,558 | 6,465,614 | 6,955,029 | 7,075,866 | 7,485,442 | 5,269,285 | 5,737,043 | - | - | - |
| Operating Margin | 0.1% | 10.7% | 16.3% | 12.7% | 12.3% | 17.5% | 25.8% | 25.9% | 23.2% | 29.0% | 22.5% | 22.4% | - | - | - |
| % EBITDA Margin | 12.6% | 21.5% | 28.7% | 21.7% | 22.0% | 25.3% | 35.1% | 36.1% | 33.5% | 43.3% | 38.6% | 37.3% | - | - | - |
| NET Income (USD) | 7,438 | 2,540,547 | 3,889,193 | 3,063,838 | 2,959,110 | 4,087,787 | 5,888,307 | 6,030,277 | 5,626,385 | 5,464,108 | 3,135,124 | 3,820,598 | - | - | - |
| % Net Margin | 0.0% | 10.1% | 15.9% | 12.0% | 11.6% | 15.9% | 23.5% | 22.4% | 18.4% | 21.2% | 13.4% | 14.9% | - | - | - |
Cirtek Electronics - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | Cirtek Electronics | - | ||||||||
| Growth | Completed | Cirtek Electronics | - |
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Cirtek Electronics - employee data
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