SAMCO (6387) AI Stock Analysis

• Market Cap: ¥52.45B
• Dividend Yield: 1.36%
• Average Volume (3M): 128.03K
• Price to Earnings (P/E): 29.3
• Beta (1Y): 1.58
• Revenue Growth: 18.44%
• EPS Growth: 26.68%
• Country: JP
• Employees: 183
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 15.44
• Shares Outstanding: 8,042,881
• 10 Day Avg. Volume: 146,780
• 30 Day Avg. Volume: 128,026
• PEG Ratio: 0.89
• Price to Book (P/B): 1.70
• Price to Sales (P/S): 2.46
• P/FCF Ratio: 28.75
• 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: 79 Outperform
• Price Target: ¥7,225.00 ▲(57.24% Upside)
• Action: Reiterated Date: 02/10/26
• Date: Action: Reiterated 02/10/26

The score is driven primarily by strong financial performance (solid growth/profitability and a very low-leverage balance sheet). Technicals are supportive with clear upward trend and positive momentum, but near-overbought signals add short-term risk. Valuation is less compelling at a ~24 P/E with only a modest dividend yield.

Positive Factors

Revenue Growth

Sustained double-digit revenue growth alongside an 18% net margin indicates expanding end-market adoption and pricing power in microfabrication tools. Over 2–6 months this supports reinvestment in R&D, backlog resilience, and recurring demand from advanced electronics customers.

Conservative Balance Sheet

Exceptionally low leverage and a high equity ratio provide durable financial flexibility to fund capex cycles, weather semiconductor downturns, and pursue strategic investments without heavy refinancing risk. This stability underpins long-term operational continuity.

High Operating Profitability

Robust EBIT/EBITDA margins reflect efficient manufacturing and strong gross margins near 50%, indicating durable cost control and product mix advantages. High operating profitability supports sustained cash generation and capacity to invest in product development.

Negative Factors

Moderate Cash Conversion

Operating cash conversion below 1.0 shows earnings do not fully translate into cash, limiting internal funding for capex, inventory build or dividends. Over several quarters this constrains flexibility and raises sensitivity to working-capital swings in equipment cycles.

Signs of Margin Pressure

A falling gross margin, even modest, signals rising input or production costs or pricing pressure. For a capital-equipment manufacturer, sustained margin erosion can compress operating profits and reduce available funds for R&D and modernization over the medium term.

Cyclical End-Market Exposure

Deep exposure to semiconductor capital equipment makes revenues and orders cyclical, tied to chip capex cycles and R&D spending. This structural demand variability can cause meaningful revenue and margin swings across 2–6 month horizons as customers time investments.

SAMCO Business Overview & Revenue Model

Company Description

SAMCO Inc. manufactures and sells operates as a semiconductor and materials company. The company primarily offers thin film deposition, microfabrication, cleaning, and surface treatment products. Its deposition systems include anode and cathode PECVD systems, atomic layer deposition systems, and silicon carbide (SiC) chemical vapor deposition systems; and etching systems comprise reactive ion etching systems, inductively coupled plasma (ICP) etch systems for general purpose, ICP etch systems for SiC etching, ICP etch systems for batch processing, silicon deep reactive ion etching systems, and XeF2 etch systems for MEMS release. The company also provides cleaning systems consisting of plasma cleaners, remote source plasma cleaners, and UV-ozone cleaners; and basic plasma research kits. It serves MEMS, laser diode, high brightness LED, TSV, SAW device, and RF device markets. The company was formerly known as SAMCO International, Inc. and changed its name to SAMCO Inc. in December 2004. SAMCO Inc. was founded in 1979 and is headquartered in Kyoto, Japan.

How the Company Makes Money

SAMCO generates revenue through multiple key streams including the sale of engineered components and materials to various industries such as aerospace and automotive. The company also engages in long-term contracts with major manufacturers, ensuring a steady flow of income through predictable and repeat business. Additionally, SAMCO benefits from strategic partnerships with industry leaders, enabling collaborative projects that enhance product offerings and market reach. The company may also explore opportunities in research and development grants or subsidies, further diversifying its revenue model.

SAMCO Financial Statement Overview

Summary

Strong overall fundamentals driven by solid revenue growth (+13.66%) and healthy profitability (net margin 18.17%, EBITDA margin 25.95%), supported by a very conservative balance sheet (debt-to-equity 0.079, equity ratio 76.29%). Cash flow conversion is adequate but not best-in-class (operating cash flow to net income 0.71; free cash flow to net income 0.66), which modestly tempers the score.

Income Statement

SAMCO demonstrates strong revenue growth with a 13.66% increase in the latest year, supported by solid gross and net profit margins of 49.97% and 18.17% respectively. The EBIT and EBITDA margins are also robust at 25.08% and 25.95%, indicating efficient operational performance. However, the slight decline in gross profit margin from the previous year suggests potential cost pressures.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio of 0.079, indicating prudent financial leverage. The return on equity is strong at 12.52%, reflecting effective use of shareholder funds. The equity ratio of 76.29% underscores a solid capital structure, providing stability and resilience against market fluctuations.

Cash Flow

SAMCO's cash flow performance is mixed, with a significant improvement in free cash flow growth. The operating cash flow to net income ratio of 0.71 suggests moderate cash generation efficiency. The free cash flow to net income ratio of 0.66 indicates a reasonable conversion of profits into cash, though there is room for improvement in cash flow management.

Breakdown	Jul 2025	Jul 2024	Jul 2023	Jul 2022	Jul 2021
Income Statement
Total Revenue	9.34B	8.20B	7.83B	6.40B	5.75B
Gross Profit	4.67B	4.19B	3.87B	3.19B	2.93B
EBITDA	2.42B	2.14B	1.97B	1.53B	1.10B
Net Income	1.70B	1.47B	1.37B	1.05B	755.82M
Balance Sheet
Total Assets	17.77B	16.12B	14.80B	13.38B	12.07B
Cash, Cash Equivalents and Short-Term Investments	6.98B	6.59B	5.30B	5.83B	4.83B
Total Debt	1.07B	1.11B	843.34M	886.17M	709.24M
Total Liabilities	4.22B	3.82B	3.65B	3.32B	2.66B
Stockholders Equity	13.56B	12.30B	11.14B	10.06B	9.41B
Cash Flow
Free Cash Flow	800.00M	1.39B	-208.25M	946.94M	-286.74M
Operating Cash Flow	1.21B	1.64B	-189.40M	1.18B	493.48M
Investing Cash Flow	-414.00M	-292.17M	-75.93M	-214.04M	-815.74M
Financing Cash Flow	-404.00M	-103.44M	-325.19M	-64.11M	-210.03M

SAMCO Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4595.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6387, the sentiment is Positive. The current price of 4595 is below the 20-day moving average (MA) of 5819.50, below the 50-day MA of 5140.40, and above the 200-day MA of 3735.36, indicating a bullish trend. The MACD of 412.65 indicates Negative momentum. The RSI at 80.24 is Negative, neither overbought nor oversold. The STOCH value of 74.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6387.

SAMCO Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6920	81 Outperform	¥3.09T	34.81	53.12%	1.11%	32.51%	57.19%
6387	79 Outperform	¥52.45B	29.27	14.31%	1.36%	18.44%	26.68%
7735	78 Outperform	¥2.03T	25.76	21.73%	2.29%	11.29%	11.38%
6146	75 Outperform	¥8.12T	62.35	25.78%	0.79%	13.45%	20.37%
8035	73 Outperform	¥19.94T	40.09	27.73%	1.79%	16.74%	16.03%
6525	62 Neutral	¥1.51T	45.94	―	0.73%	10.98%	6.51%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

SAMCO Corporate Events

Samco Inc. Reports Strong Financial Growth in Q3 2025

Samco Inc. reported a significant improvement in its non-consolidated financial results for the three months ended October 31, 2025, with net sales increasing by 19.6% and profits showing substantial growth compared to the previous year. This positive financial performance highlights the company’s strong market positioning and operational efficiency, which is likely to have favorable implications for its stakeholders.

The most recent analyst rating on (JP:6387) stock is a Buy with a Yen4889.00 price target. To see the full list of analyst forecasts on SAMCO stock, see the JP:6387 Stock Forecast page.