Wintest Corp. (6721) AI Stock Analysis

• Market Cap: ¥5.15B
• Dividend Yield: N/A
• Average Volume (3M): 319.65K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.65
• Revenue Growth: -35.81%
• EPS Growth: -99.72%
• Country: JP
• Employees: 72
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -4.41
• Shares Outstanding: 53,641,000
• 10 Day Avg. Volume: 265,900
• 30 Day Avg. Volume: 319,653
• PEG Ratio: -0.05
• Price to Book (P/B): 6.88
• Price to Sales (P/S): 11.54
• P/FCF Ratio: -7.25
• 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: Moderate Sell
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: ¥97.00 ▲(1.04% Upside)

Wintest Corp.'s overall stock score is primarily impacted by its poor financial performance and negative valuation metrics. The technical analysis indicates bearish momentum, further contributing to a low score. The absence of earnings call insights and corporate events means these factors did not influence the score.

Positive Factors

Business Model Strength

The diversified revenue streams, including equipment sales, software solutions, and consulting services, provide stability and resilience against market fluctuations.

Partnerships with Major Manufacturers

Long-term contracts with major industry players ensure stable revenue and enhance Wintest Corp.'s market position, fostering growth and competitive advantage.

Low Debt-to-Equity Ratio

A low debt-to-equity ratio indicates financial stability and flexibility, allowing the company to navigate economic challenges and invest in growth opportunities.

Negative Factors

Declining Revenue

Erratic revenue and declining EBIT highlight operational inefficiencies, posing risks to long-term profitability and market competitiveness.

Negative Cash Flow

Persistent negative cash flow indicates inefficiencies in operations and cash management, potentially limiting the company's ability to fund growth and innovation.

Negative Profitability Indicators

Sustained negative profitability undermines financial health, reducing the company's ability to reinvest in business development and maintain competitive positioning.

Wintest Corp. Business Overview & Revenue Model

Company Description

Wintest Corp. (6721) is a leading provider of advanced testing solutions primarily focused on the semiconductor and electronic manufacturing sectors. The company specializes in the development and production of automated test equipment (ATE), software solutions for test data management, and performance analytics tools. Wintest Corp. serves a global customer base, including major semiconductor manufacturers and electronics firms, by providing high-quality testing services to ensure product reliability and performance.

How the Company Makes Money

Wintest Corp. generates revenue through several key streams. The primary source of income comes from the sale of automated test equipment (ATE), which is essential for semiconductor testing and quality assurance in electronics manufacturing. In addition to hardware sales, the company also earns significant revenue from software solutions that assist clients in managing test data and analytics. These software products are typically offered on a subscription basis, providing recurring revenue. Furthermore, Wintest Corp. engages in service contracts and maintenance agreements for its products, ensuring ongoing revenue from existing customers. Strategic partnerships with major semiconductor manufacturers and electronics companies enhance its market presence and contribute to steady earnings through collaborative projects and joint ventures.

Wintest Corp. Financial Statement Overview

Summary

Wintest Corp. is facing 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.

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	328.32M	417.09M	407.00M	210.31M	307.58M	1.93B
Gross Profit	-474.06M	-338.84M	151.00M	62.16M	18.06M	949.51M
EBITDA	-1.24B	-1.09B	-546.66M	-679.04M	-629.72M	96.23M
Net Income	-1.29B	-1.11B	-554.00M	-686.24M	-629.18M	76.09M
Balance Sheet
Total Assets	1.22B	1.20B	1.97B	1.90B	1.90B	2.40B
Cash, Cash Equivalents and Short-Term Investments	323.55M	90.70M	361.00M	278.48M	219.11M	925.00M
Total Debt	127.25M	244.19M	169.20M	358.47M	110.50M	52.00M
Total Liabilities	309.61M	495.37M	309.00M	549.53M	305.78M	280.00M
Stockholders Equity	907.32M	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: Negative
• Last Price: 96.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Negative. The current price of 96 is below the 20-day moving average (MA) of 98.15, below the 50-day MA of 103.66, and below the 200-day MA of 112.20, indicating a bearish trend. The MACD of -2.53 indicates Negative momentum. The RSI at 41.01 is Neutral, neither overbought nor oversold. The STOCH value of 39.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6721.

Wintest Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6859	75 Outperform	¥75.28B	13.43	―	3.12%	2.78%	-5.32%
6853	72 Outperform	¥18.63B	18.63	―	2.93%	-1.58%	12.24%
6874	72 Outperform	¥20.66B	9.12	―	2.84%	8.78%	16.25%
6858	69 Neutral	¥6.76B	12.15	―	2.49%	15.66%	-69.17%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6844	58 Neutral	¥34.53B	31.69	―	1.94%	6.10%	―
6721	41 Neutral	¥5.15B	-3.50	―	―	-35.81%	-99.72%