Ferrotec Holdings Corporation (JP:6890)
:6890
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Ferrotec Holdings
(6890)
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Rating:61Neutral
Price Target:
¥9,980.00
▲(48.96% Upside)
Action:Downgraded
Date:05/17/26
Score is primarily constrained by financial quality: margins and ROE have weakened, leverage has increased, and free cash flow remains persistently negative. These risks are partially offset by strong technical momentum and a moderate valuation with a modest dividend yield.
Positive Factors
Recurring consumables and equipment revenue mix
Ferrotec's business combines repeatable consumables (vacuum, thermal-management parts) with equipment and other industrial sales. Consumables drive recurring revenue from qualified customers, while equipment sales and product diversification reduce single-market dependence and support steady demand over cycles.
Negative Factors
Persistently negative free cash flow
Sustained negative FCF over multiple years indicates heavy capex or working-capital strain that operating cash flow doesn't cover. This necessitates external financing or higher leverage to fund growth, limiting ability to return capital and increasing vulnerability if investment projects underperform or demand softens.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring consumables and equipment revenue mix
Ferrotec's business combines repeatable consumables (vacuum, thermal-management parts) with equipment and other industrial sales. Consumables drive recurring revenue from qualified customers, while equipment sales and product diversification reduce single-market dependence and support steady demand over cycles.
Read all positive factors
Ferrotec Holdings (6890) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥443.11B
Dividend Yield3.28%
Average Volume (3M)466.89K
Price to Earnings (P/E)19.8
Beta (1Y)1.47
Revenue Growth5.30%
EPS Growth-4.93%
CountryJP
Employees14,192
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)288.01
Shares Outstanding50,677,742
10 Day Avg. Volume447,710
30 Day Avg. Volume466,890
Financial Highlights & Ratios
PEG Ratio-4.06
Price to Book (P/B)1.13
Price to Sales (P/S)1.02
P/FCF Ratio-11.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥8,200.00Price Target Upside22.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)482.31
Revenue Forecast (FY)¥329.97B
Ferrotec Holdings Business Overview & Revenue Model
Company Description
Ferrotec Holdings Corporation engages in semiconductor equipment-related, electronic device, and other businesses in Japan and internationally. The company offers vacuum seals, silicon wafers, vacuum coating systems, quartz products, ceramics prod...
How the Company Makes Money
Ferrotec makes money mainly by selling products and services used in the semiconductor manufacturing ecosystem. Key revenue streams include: (1) Component and consumables sales: recurring revenue from supplying parts and materials that are install...
Ferrotec Holdings Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
58
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 282.18B | 288.93B | 274.39B | 222.43B | 210.81B | 133.82B |
| Gross Profit | 74.53B | 81.32B | 73.36B | 69.86B | 72.08B | 48.68B |
| EBITDA | 47.45B | 55.17B | 51.63B | 44.59B | 55.98B | 42.61B |
| Net Income | 13.52B | 14.89B | 15.69B | 15.15B | 29.70B | 26.66B |
Balance Sheet | ||||||
| Total Assets | 580.96B | 689.24B | 600.59B | 510.03B | 410.65B | 264.77B |
| Cash, Cash Equivalents and Short-Term Investments | 103.08B | 129.92B | 117.73B | 117.25B | 103.11B | 52.58B |
| Total Debt | 169.38B | 207.13B | 168.28B | 140.85B | 74.22B | 39.52B |
| Total Liabilities | 274.25B | 327.16B | 277.04B | 231.86B | 160.99B | 103.81B |
| Stockholders Equity | 223.31B | 259.70B | 236.83B | 204.41B | 183.77B | 131.07B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -24.94B | -25.17B | -45.77B | -12.98B | -15.75B |
| Operating Cash Flow | 0.00 | 29.25B | 26.07B | 28.72B | 43.02B | 17.83B |
| Investing Cash Flow | 0.00 | -51.62B | -36.63B | -87.22B | -21.15B | -6.70B |
| Financing Cash Flow | 0.00 | 23.56B | 15.97B | 55.24B | 21.11B | 7.90B |
Ferrotec Holdings Technical Analysis
Positive
6700.00
Price Trends
7192.88
Positive
6488.14
Positive
5324.16
Positive
Market Momentum
582.84
Positive
57.50
Neutral
13.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6890, the sentiment is Positive. The current price of 6700 is below the 20-day moving average (MA) of 8383.50, below the 50-day MA of 7192.88, and above the 200-day MA of 5324.16, indicating a bullish trend. The MACD of 582.84 indicates Positive momentum. The RSI at 57.50 is Neutral, neither overbought nor oversold. The STOCH value of 13.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6890.
Ferrotec Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥1.97T | 18.37 | 21.73% | 2.29% | -3.12% | -4.90% | |
82 Outperform | ¥3.21T | 67.46 | 53.12% | 1.11% | 12.01% | 26.66% | |
80 Outperform | ¥6.65T | 38.72 | 25.78% | 0.79% | 11.08% | 9.32% | |
79 Outperform | ¥20.96T | 19.86 | 26.01% | 1.79% | 0.49% | 6.10% | |
66 Neutral | ¥613.90B | 90.12 | ― | 0.79% | 3.53% | -18.43% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥443.11B | 19.76 | 5.77% | 3.28% | 5.30% | -4.93% |
* Technology Sector Average
JP:6890
Ferrotec Holdings
8,720.00
6,251.89
253.31%
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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.