Tokyo Electron Device Limited (2760) AI Stock Analysis

• Market Cap: ¥98.16B
• Dividend Yield: 3.02%
• Average Volume (3M): 109.76K
• Price to Earnings (P/E): 10.2
• Beta (1Y): 0.97
• Revenue Growth: -14.47%
• EPS Growth: -26.11%
• Country: JP
• Employees: 1,357
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): N/A
• Shares Outstanding: 31,336,500
• 10 Day Avg. Volume: 120,410
• 30 Day Avg. Volume: 109,756
• PEG Ratio: -0.89
• Price to Book (P/B): 1.86
• Price to Sales (P/S): 0.41
• P/FCF Ratio: 5.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ¥3,509.00 ▲(9.14% Upside)
• Action: Upgraded Date: 02/05/26
• Date: Action: Upgraded 02/05/26

The score is driven primarily by steady profitability and improving leverage, tempered by revenue cyclicality and historically volatile cash flows. Technicals are supportive with price above major moving averages and healthy (not overstretched) momentum. Valuation appears reasonable with a moderate P/E and a ~2.8% dividend yield.

Positive Factors

Stable Profitability Margins

Consistent operating margins around 5–6% and a ~4% net margin indicate the company sustains gross-to-net economics typical of a value-added distributor and solutions provider. This margin stability supports predictable earnings, funds reinvestment in technical services, and cushions cyclical revenue swings over the medium term.

Negative Factors

Revenue Cyclicality

The pattern of modest trailing growth but a prior ~-10.9% annual decline highlights sensitivity to semiconductor and electronics capex cycles. This cyclicality makes revenue and backlog visibility weak, complicates capacity and inventory planning, and increases the risk that top-line weakness will pressure margins and returns during downturns.

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...

Read more

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 by selling and distributing electronics and semiconductor-related products to corporate customers and earning gross profit on those sales. Key revenue streams generally include (1) product sales as a val...

Read more

Tokyo Electron Device makes money primarily by selling and distributing electronics and semiconductor-related products to corporate customers and earning gross profit on those sales. Key revenue streams generally include (1) product sales as a val...

Tokyo Electron Device Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	201.00B	216.38B	242.89B	240.35B	179.91B	143.27B
Gross Profit	30.98B	33.73B	37.17B	34.24B	25.64B	20.60B
EBITDA	12.04B	12.75B	14.88B	13.03B	8.86B	5.23B
Net Income	8.33B	8.88B	9.99B	8.78B	5.08B	3.14B
Balance Sheet
Total Assets	158.33B	157.60B	163.35B	143.75B	108.05B	91.45B
Cash, Cash Equivalents and Short-Term Investments	5.64B	8.38B	6.87B	6.54B	5.13B	5.68B
Total Debt	34.83B	42.63B	52.10B	45.65B	29.48B	25.40B
Total Liabilities	108.24B	108.59B	117.16B	104.75B	76.03B	61.80B
Stockholders Equity	49.18B	47.86B	45.04B	37.85B	30.95B	28.96B
Cash Flow
Free Cash Flow	17.15B	17.36B	-602.00M	-12.46B	-1.27B	-3.89B
Operating Cash Flow	17.40B	18.91B	301.00M	-12.19B	-891.00M	-3.46B
Investing Cash Flow	860.00M	-2.07B	-2.69B	-199.00M	-155.00M	-469.00M
Financing Cash Flow	-22.36B	-15.25B	2.53B	13.75B	606.00M	5.08B

Tokyo Electron Device Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3215.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2760, the sentiment is Neutral. The current price of 3215 is below the 20-day moving average (MA) of 3273.10, below the 50-day MA of 3487.44, and above the 200-day MA of 3078.63, indicating a neutral trend. The MACD of -117.86 indicates Positive momentum. The RSI at 44.68 is Neutral, neither overbought nor oversold. The STOCH value of 47.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2760.

Tokyo Electron Device Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6861	80 Outperform	¥14.07T	30.90	12.80%	0.78%	7.09%	7.51%
6951	78 Outperform	¥299.79B	8.42	―	2.04%	-0.69%	-29.88%
7701	75 Outperform	¥1.14T	19.48	11.14%	1.46%	3.92%	9.99%
4186	71 Outperform	¥1.05T	20.85	15.75%	1.08%	19.45%	41.03%
2760	70 Outperform	¥98.16B	10.19	―	3.02%	-14.47%	-26.11%
6728	62 Neutral	¥458.56B	19.19	5.63%	2.35%	-9.06%	-35.95%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Tokyo Electron Device Limited Corporate Events