Tokyo Electron Device Limited (JP:2760)
:2760
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Tokyo Electron Device Limited
(2760)
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Rating:72Outperform
Price Target:
¥4,018.00
▲(24.98% Upside)
Action:ReiteratedDate:04/28/26
The score is driven by strong technical momentum and supportive valuation (low P/E with a decent yield). Financial performance is solid on margins and improving leverage, but the overall score is held back by choppy recent revenue/profit momentum and historically volatile cash flow despite the recent rebound.
Positive Factors
Improving leverage and ROE
Material deleveraging and rising equity increase financial flexibility and reduce refinancing risk. Sustained ROE in the mid-teens to low-twenties implies efficient capital deployment, supporting capacity to fund strategic investments and return cash without relying on volatile external financing.
Negative Factors
Volatile cash generation
Large swings in operating and free cash flow reflect sensitivity to working capital and investment timing, reducing predictability of internal funding. This volatility can constrain reinvestment, dividend consistency and strategic flexibility, and raises financing risk during market or supplier cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage and ROE
Material deleveraging and rising equity increase financial flexibility and reduce refinancing risk. Sustained ROE in the mid-teens to low-twenties implies efficient capital deployment, supporting capacity to fund strategic investments and return cash without relying on volatile external financing.
Read all positive factors
Tokyo Electron Device Limited (2760) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥108.00B
Dividend Yield3.02%
Average Volume (3M)109.76K
Price to Earnings (P/E)7.7
Beta (1Y)0.94
Revenue Growth-5.84%
EPS Growth-10.06%
CountryJP
Employees1,357
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)265.99
Shares Outstanding31,336,500
10 Day Avg. Volume120,410
30 Day Avg. Volume109,756
Financial Highlights & Ratios
PEG Ratio-1.10
Price to Book (P/B)1.65
Price to Sales (P/S)0.43
P/FCF Ratio5.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)289
Revenue Forecast (FY)¥220.00B
Tokyo Electron Device Limited Business Overview & Revenue Model
Company Description
Tokyo Electron Device Limited (2760) is a Japan-based company primarily engaged in the manufacturing and sale of semiconductor and electronic components. The company operates in various sectors, including semiconductor production equipment, electr...
How the Company Makes Money
Tokyo Electron Device makes money primarily through (1) product sales and (2) service/solution revenues tied to those products. (1) Product sales: The company generates revenue by selling semiconductor and electronic components, devices, and relat...
Tokyo Electron Device Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
69
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 203.75B | 216.38B | 242.89B | 240.35B | 179.91B |
| Gross Profit | 31.54B | 33.73B | 37.17B | 34.24B | 25.64B |
| EBITDA | 11.33B | 12.75B | 14.88B | 13.03B | 8.86B |
| Net Income | 7.84B | 8.88B | 9.99B | 8.78B | 5.08B |
Balance Sheet | |||||
| Total Assets | 162.21B | 157.60B | 163.35B | 143.75B | 108.05B |
| Cash, Cash Equivalents and Short-Term Investments | 7.62B | 8.38B | 6.87B | 6.54B | 5.13B |
| Total Debt | 29.43B | 42.63B | 52.10B | 45.65B | 29.48B |
| Total Liabilities | 108.45B | 108.59B | 117.16B | 104.75B | 76.03B |
| Stockholders Equity | 52.83B | 47.86B | 45.04B | 37.85B | 30.95B |
Cash Flow | |||||
| Free Cash Flow | 15.41B | 17.36B | -602.00M | -12.46B | -1.27B |
| Operating Cash Flow | 15.68B | 18.91B | 301.00M | -12.19B | -891.00M |
| Investing Cash Flow | 1.20B | -2.07B | -2.69B | -199.00M | -155.00M |
| Financing Cash Flow | -17.85B | -15.25B | 2.53B | 13.75B | 606.00M |
Tokyo Electron Device Limited Technical Analysis
Positive
3215.00
Price Trends
3308.72
Negative
3304.36
Negative
3037.43
Positive
Market Momentum
9.79
Negative
53.47
Neutral
80.37
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2760, the sentiment is Positive. The current price of 3215 is above the 20-day moving average (MA) of 3132.20, below the 50-day MA of 3308.72, and above the 200-day MA of 3037.43, indicating a neutral trend. The MACD of 9.79 indicates Negative momentum. The RSI at 53.47 is Neutral, neither overbought nor oversold. The STOCH value of 80.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2760.
Tokyo Electron Device Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥18.54T | 24.82 | 12.80% | 0.78% | 10.40% | 11.67% | |
78 Outperform | ¥316.82B | 8.42 | ― | 2.04% | -6.70% | -48.47% | |
75 Outperform | ¥1.08T | 19.48 | 11.14% | 1.46% | 4.32% | 6.72% | |
72 Outperform | ¥108.00B | 7.75 | ― | 3.02% | -5.84% | -10.06% | |
71 Outperform | ¥1.11T | 15.41 | 15.75% | 1.08% | 17.94% | 48.64% | |
62 Neutral | ¥483.72B | 19.19 | 5.63% | 2.35% | -12.89% | -47.51% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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Tokyo Electron Device Limited Corporate Events
Tokyo Electron Device Raises Year-End Dividend Forecast on Strong FY2026 Results
Apr 27, 2026
Tokyo Electron Device Limited has revised upward its forecast for the year-end dividend for the fiscal year ended March 31, 2026, following a resolution at its Board of Directors meeting. The company now plans to increase the year-end dividend fro...
Tokyo Electron Device Sees Profit Drop but Projects Revenue Rebound in FY2027
Apr 27, 2026
Tokyo Electron Device reported full-year net sales of ¥203.7 billion for the fiscal year ended March 31, 2026, down 5.8% year on year, with operating income falling 17.7% to ¥10.3 billion and net income attributable to owners of the pare...
Tokyo Electron Device Proposes New Board and Auditor Lineup for 2026
Mar 30, 2026
Tokyo Electron Device Limited has announced a slate of eight candidates for its Board of Directors, including President and CEO Atsushi Tokushige and several outside directors, to be submitted for shareholder approval at the company’s 41st A...
Tokyo Electron Device Reshapes Top Leadership, Names Miyamoto President
Feb 2, 2026
Tokyo Electron Device Limited announced a restructuring of its top management, appointing current Senior Executive Vice President and Corporate Director Takayoshi Miyamoto as President Representative Director while elevating current President CE...
Tokyo Electron Device Posts Lower Nine-Month Earnings but Affirms Full-Year Forecast and Dividend Plan
Feb 2, 2026
Tokyo Electron Device reported consolidated net sales of ¥146.7 billion for the nine months ended December 31, 2025, down 9.5% year on year, with operating income falling 28.8% to ¥6.3 billion and net income attributable to owners of the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.