Wintest Corp. (6721) AI Stock Analysis

• Market Cap: ¥6.33B
• Dividend Yield: N/A
• Average Volume (3M): 654.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.54
• Revenue Growth: -28.46%
• EPS Growth: -124.75%
• Country: JP
• Employees: 72
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -4.39
• Shares Outstanding: 53,641,000
• 10 Day Avg. Volume: 292,590
• 30 Day Avg. Volume: 654,093
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥113.00
• Price Target Upside: -4.24% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 41 Neutral
• Price Target: ¥113.00 ▼(-4.24% Downside)

Wintest Corp.'s overall stock score is primarily impacted by its poor financial performance, characterized by negative profitability and weak cash flow. Technical analysis indicates a bearish trend, further weighing down the score. The lack of positive valuation metrics, such as a negative P/E ratio and no dividend yield, compounds the negative outlook. Strategic improvements are essential to enhance the company's financial health and investor appeal.

Wintest Corp. Business Overview & Revenue Model

Company Description

Wintest Corp. designs, develops, and sells automatic test equipment for semiconductor integrated circuits and flat panel displays for image sensor tester, LCD driver tester, and logic tester markets primarily in Japan. It offers LCD/OLED high speed driver test equipment, LCD/PDP/OLED driver IC test systems, standard logic IC test systems, digital output CIS test systems, high-end CCD/CIS test systems, LCD/OLED/LCOS array/CCD/CIS test systems, compact analog mixed signal IC test systems, and analog and mixed signal IC test systems, as well as automatic machines and handlers. In addition, the company is involved in the design and construction, inspection, maintenance, and assurance to solar power generation systems; solar panel monitoring agency business; sales and maintenance of environmental equipment; and design and manufacture of AOI test systems. Further, it offers cleaning and coating, insurance handling, and consulting services. Wintest Corp. was incorporated in 1993 and is headquartered in Yokohama, Japan. Wintest Corp. opeartes as a subsidiary of Wuhan Jingce Electronic Group Co.,Ltd.

How the Company Makes Money

Wintest Corp. generates revenue through multiple key streams. Primarily, the company earns money by selling its automated test equipment and software solutions to manufacturers in the semiconductor industry. These products are often sold as part of a larger package that includes installation services, maintenance contracts, and software updates, ensuring ongoing customer engagement and recurring revenue. Additionally, Wintest Corp. has established significant partnerships with major semiconductor manufacturers, enabling it to secure long-term contracts that provide stable revenue. The company also offers consulting services in test optimization, which contributes to its earnings by helping clients improve their testing processes and reduce production costs.

Wintest Corp. Financial Statement Overview

Summary

Wintest Corp. is experiencing significant financial challenges, with negative profitability indicators and a weak cash position. The company has a low debt-to-equity ratio, but declining revenue and ongoing losses present serious risks. Strategic changes are necessary to improve financial health and investor confidence.

Income Statement

Wintest Corp. has experienced a persistent decline in profitability, with a negative gross profit margin and net profit margin over the past few years. Revenue growth is erratic, and EBIT has worsened significantly, indicating operational inefficiencies. The company has not generated EBITDA in the latest period, further reflecting financial distress.

Balance Sheet

The debt-to-equity ratio is relatively low, suggesting manageable leverage, but the declining equity ratio indicates increasing liabilities or shrinking equity. Return on equity is negative due to consistent net losses, which is a significant concern for investors.

Cash Flow

Wintest Corp.'s cash flow situation is concerning, with negative operating cash flow and free cash flow reflecting poor cash generation from operations. The operating cash flow to net income ratio is unfavorable, suggesting inefficiencies in converting income to cash. There has been no positive free cash flow growth, indicating a need for improved cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	277.91M	417.09M	407.00M	210.31M	307.58M	1.93B
Gross Profit	-416.47M	-338.84M	151.00M	62.16M	18.06M	152.62M
EBITDA	-1.21B	-1.09B	-546.66M	-679.04M	-629.72M	96.23M
Net Income	-1.24B	-1.11B	-554.00M	-686.24M	-629.18M	76.09M
Balance Sheet
Total Assets	1.44B	1.20B	1.97B	1.90B	1.90B	2.40B
Cash, Cash Equivalents and Short-Term Investments	484.35M	90.70M	361.00M	278.48M	219.11M	925.00M
Total Debt	135.51M	244.19M	168.00M	358.47M	110.50M	52.00M
Total Liabilities	299.63M	495.37M	309.00M	549.53M	305.78M	331.94M
Stockholders Equity	1.14B	699.93M	1.66B	1.35B	1.59B	2.07B
Cash Flow
Free Cash Flow	0.00	-664.21M	-558.30M	-613.48M	-858.30M	-1.23B
Operating Cash Flow	0.00	-662.30M	-558.27M	-613.48M	-856.09M	-1.16B
Investing Cash Flow	0.00	-1.91M	-300.00K	3.88M	21.85M	-139.89M
Financing Cash Flow	0.00	171.22M	641.00M	667.98M	68.62M	2.56B

Wintest Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 118.00
• 50DMA: Negative
• 100DMA: Positive
• 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:6721, the sentiment is Positive. The current price of 118 is below the 20-day moving average (MA) of 119.75, below the 50-day MA of 124.00, and above the 200-day MA of 114.86, indicating a neutral trend. The MACD of -1.52 indicates Positive momentum. The RSI at 46.27 is Neutral, neither overbought nor oversold. The STOCH value of 45.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6721.

Wintest Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6859	80 Outperform	¥79.42B	14.48	10.59%	2.96%	3.74%	4.01%
6874	78 Outperform	¥21.39B	9.59	10.63%	2.75%	11.31%	20.92%
6858	71 Outperform	¥6.73B	13.56	2.92%	2.50%	13.34%	-74.02%
6853	69 Neutral	¥19.25B	18.17	5.88%	3.12%	2.10%	4.70%
6844	58 Neutral	¥33.29B	-27.55	-3.68%	2.01%	5.16%	-5946.54%
6721	41 Neutral	¥6.33B	―	―	―	-28.46%	-124.75%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%