Advantest (ATEYY) AI Stock Analysis

• Market Cap: $56.19B
• Dividend Yield: 0.24%
• Average Volume (3M): 160.98K
• Price to Earnings (P/E): 36.5
• Beta (1Y): 1.89
• Revenue Growth: 72.61%
• EPS Growth: 198.85%
• Country: US
• Employees: 6,766
• Sector: Technology
• Sector Strength: 94
• Industry: Semiconductors
• EPS (TTM): 0.83
• Shares Outstanding: 766,141,240
• 10 Day Avg. Volume: 157,521
• 30 Day Avg. Volume: 160,979
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 0.07
• Enterprise Value/Gross Profit: 0.12
• Enterprise Value/Ebitda: 0.21
• 1Y Price Target: $78.00
• Price Target Upside: 1.93% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 80 Outperform
• Price Target: $78.00 ▲(1.93% Upside)

Advantest's strong financial performance and positive earnings outlook are key drivers of its stock score. Despite technical analysis showing mixed signals and a high valuation, the company's robust market position and strategic initiatives for shareholder returns offer a promising investment outlook. Risks include increased competition and uncertainty in economic conditions.

Advantest Business Overview & Revenue Model

Company Description

Advantest Corporation is a leading global provider of automatic test equipment (ATE) for the semiconductor industry. Established in 1954, the company specializes in designing and manufacturing test systems used for the testing and verification of semiconductors, electronic devices, and high-performance computing applications. Advantest's core product offerings include semiconductor test systems, memory test systems, system-on-chip (SoC) test solutions, and various software tools for testing and data analysis, catering to sectors such as telecommunications, automotive, consumer electronics, and industrial applications.

How the Company Makes Money

Advantest generates revenue primarily through the sale of its semiconductor test systems, which are critical for manufacturers to ensure the performance and reliability of their electronic components. The company earns money through direct sales of test equipment, as well as through ongoing maintenance and support services for these systems. Additionally, Advantest has a significant revenue stream from software solutions that enhance the testing process. The company also benefits from partnerships with major semiconductor manufacturers and technology firms, which can lead to long-term contracts and increased sales volume. Overall, Advantest's revenue model is supported by its innovation in test technology and its ability to adapt to the evolving needs of the semiconductor industry.

Advantest Financial Statement Overview

Summary

Advantest shows robust financial performance with strong revenue and profit growth, efficient cost management, and a solid financial foundation. The income statement, balance sheet, and cash flow statements all reflect a well-managed, growth-oriented company with a promising future outlook.

Income Statement

Advantest shows robust financial performance with a consistent upward trajectory in revenue and net income. The Gross Profit Margin stands strong, indicating efficient cost management. The company has exhibited remarkable revenue growth, particularly evident from the most recent year, showcasing its market strength. High EBIT and EBITDA margins further underline operational efficiency and profitability. Overall, the income statement reflects a highly stable and profitable business model with excellent growth prospects.

Balance Sheet

The balance sheet is solid, characterized by a strong equity position, with an Equity Ratio indicating a healthy capital structure. The company maintains a low Debt-to-Equity Ratio, suggesting prudent leverage practices. Return on Equity is impressive, highlighting effective utilization of shareholder funds to generate profits. These factors contribute to a stable financial foundation, though there remains a need for vigilance in managing liabilities as the business scales.

Cash Flow

Advantest's cash flow statement is very positive, with significant Free Cash Flow generation indicating strong cash profitability. The Operating Cash Flow to Net Income Ratio suggests effective conversion of net income into cash flow. Free Cash Flow has witnessed substantial growth, underscoring the company's ability to fund operations and growth initiatives without relying heavily on external financing. This robust cash position enhances financial flexibility and operational resilience.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	779.71B	486.51B	560.19B	416.90B	312.79B
Gross Profit	445.08B	246.03B	319.06B	235.91B	168.29B
EBITDA	257.13B	108.98B	189.08B	129.70B	83.25B
Net Income	161.18B	62.29B	130.40B	87.30B	69.79B
Balance Sheet
Total Assets	854.21B	671.23B	600.22B	494.70B	422.64B
Cash, Cash Equivalents and Short-Term Investments	262.54B	106.70B	85.54B	116.58B	149.16B
Total Debt	93.50B	94.44B	50.84B	113.81B	11.85B
Total Liabilities	347.67B	240.05B	231.53B	200.07B	142.27B
Stockholders Equity	506.54B	431.18B	368.69B	294.62B	280.37B
Cash Flow
Free Cash Flow	266.54B	12.13B	46.64B	60.67B	54.55B
Operating Cash Flow	285.97B	32.67B	70.22B	78.89B	67.83B
Investing Cash Flow	-42.19B	-27.94B	-26.71B	-46.91B	-16.83B
Financing Cash Flow	-82.82B	10.76B	-77.43B	-68.74B	-30.41B

Advantest Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 76.52
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATEYY, the sentiment is Positive. The current price of 76.52 is above the 20-day moving average (MA) of 72.69, above the 50-day MA of 70.30, and above the 200-day MA of 57.84, indicating a bullish trend. The MACD of 1.13 indicates Negative momentum. The RSI at 57.78 is Neutral, neither overbought nor oversold. The STOCH value of 83.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ATEYY.

Advantest Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ATEYY	80 Outperform	$56.19B	36.49	44.94%	0.24%	72.61%	198.85%
TER	73 Outperform	$17.79B	38.79	16.85%	0.43%	4.83%	-9.47%
UMC	71 Outperform	$17.06B	13.91	10.98%	7.01%	5.46%	-26.72%
ASX	66 Neutral	$21.51B	20.64	10.97%	3.58%	4.86%	6.44%
ON	63 Neutral	$21.11B	48.16	5.72%	―	-17.93%	-75.83%
Sector *	61 Neutral	$36.28B	7.09	-7.27%	1.97%	7.76%	-8.56%
GFS	51 Neutral	$18.30B	28.15	-1.01%	―	-0.65%	-114.26%