Lasertec (JP:6920)
:6920
Want to see JP:6920 full AI Analyst Report?
Top Page
Lasertec
(6920)
Select Model
Select Model
Rating:79Outperform
Price Target:
¥64,635.00
▲(61.79% Upside)
Action:Reiterated
Date:06/19/26
The score is primarily driven by outstanding financial strength (high margins, strong growth, and a near debt-free balance sheet), supported by strong technical momentum and a clear uptrend. This is offset by a rich valuation (high P/E and low dividend yield) and some caution from historically volatile cash-flow trends.
Positive Factors
High margins and profitability
Lasertec's exceptionally high gross and net margins reflect strong pricing power and differentiated inspection technology. Durable margin structure supports reinvestment, high ROE, and resilience to cyclical revenue swings, improving long-term cash available for R&D and upgrades.
Negative Factors
Free cash flow volatility
Sharp TTM FCF decline and historically inconsistent cash conversion indicate working-capital swings or timing of investments. That variability can complicate capital allocation, limit predictable buybacks/dividends, and heighten funding needs in certain quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins and profitability
Lasertec's exceptionally high gross and net margins reflect strong pricing power and differentiated inspection technology. Durable margin structure supports reinvestment, high ROE, and resilience to cyclical revenue swings, improving long-term cash available for R&D and upgrades.
Read all positive factors
Lasertec (6920) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.09T
Dividend Yield1.11%
Average Volume (3M)9.74M
Price to Earnings (P/E)57.7
Beta (1Y)1.29
Revenue Growth12.01%
EPS Growth26.66%
CountryJP
Employees1,017
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)986.54
Shares Outstanding94,286,400
10 Day Avg. Volume8,887,570
30 Day Avg. Volume9,738,330
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)8.35
Price to Sales (P/S)6.97
P/FCF Ratio23.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥47,981.82Price Target Upside20.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)850.62
Revenue Forecast (FY)¥227.96B
Lasertec Business Overview & Revenue Model
Company Description
Lasertec Corporation operates globally, specializing in the development, production, sale, and servicing of advanced equipment for the semiconductor industry, flat panel displays, and sophisticated laser microscopes. Within the semiconductor secto...
How the Company Makes Money
Lasertec makes money mainly by selling capital equipment (inspection/metrology systems) to semiconductor-related customers, with a significant portion historically tied to photomask inspection tools used for EUV lithography production and R&D. Rev...
Lasertec Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
95
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 252.18B | 251.48B | 213.51B | 152.83B | 90.38B | 70.25B |
| Gross Profit | 150.87B | 148.26B | 107.48B | 84.02B | 47.79B | 36.95B |
| EBITDA | 129.29B | 124.13B | 86.76B | 67.18B | 37.06B | 27.72B |
| Net Income | 88.78B | 84.65B | 59.08B | 46.16B | 24.85B | 19.25B |
Balance Sheet | ||||||
| Total Assets | 310.81B | 329.60B | 273.04B | 271.57B | 178.63B | 118.73B |
| Cash, Cash Equivalents and Short-Term Investments | 80.03B | 86.09B | 38.15B | 29.77B | 23.49B | 27.92B |
| Total Debt | 125.00M | 177.00M | 76.00M | 5.04B | 10.02B | 24.90M |
| Total Liabilities | 85.32B | 119.70B | 121.72B | 162.43B | 105.88B | 63.54B |
| Stockholders Equity | 225.49B | 209.90B | 151.31B | 109.14B | 72.75B | 55.19B |
Cash Flow | ||||||
| Free Cash Flow | 69.06B | 75.76B | 30.35B | 21.80B | -4.22B | 9.72B |
| Operating Cash Flow | 70.19B | 77.87B | 33.32B | 40.55B | -3.46B | 10.49B |
| Investing Cash Flow | -1.60B | -2.42B | -3.57B | -20.57B | -5.39B | -3.70B |
| Financing Cash Flow | -43.18B | -24.57B | -23.14B | -15.56B | 2.15B | -4.24B |
Lasertec Technical Analysis
Positive
39950.00
Price Trends
42006.60
Positive
37902.75
Positive
31316.46
Positive
Market Momentum
2675.14
Negative
73.79
Negative
91.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6920, the sentiment is Positive. The current price of 39950 is below the 20-day moving average (MA) of 42869.00, below the 50-day MA of 42006.60, and above the 200-day MA of 31316.46, indicating a bullish trend. The MACD of 2675.14 indicates Negative momentum. The RSI at 73.79 is Negative, neither overbought nor oversold. The STOCH value of 91.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6920.
Lasertec Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥3.06T | 34.46 | 21.73% | 2.29% | -3.12% | -4.90% | |
80 Outperform | ¥9.22T | 70.36 | 25.78% | 0.79% | 11.08% | 9.32% | |
80 Outperform | ¥34.58T | 60.51 | 26.01% | 1.79% | 0.49% | 6.10% | |
79 Outperform | ¥5.09T | 57.69 | 53.12% | 1.11% | 12.01% | 26.66% | |
78 Outperform | ¥21.14T | 60.82 | 47.37% | 0.25% | 44.75% | 135.64% | |
73 Outperform | ¥827.16B | 33.53 | 12.66% | 2.28% | 10.83% | -3.75% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:6920
Lasertec
56,450.00
40,235.23
248.14%
JP:6857
Advantest
30,300.00
20,502.04
209.25%
JP:7735
SCREEN Holdings Co
16,425.00
11,125.55
209.94%
JP:6146
Disco
84,990.00
48,570.73
133.37%
JP:8035
Tokyo Electron
76,080.00
52,553.54
223.38%
JP:7729
Tokyo Seimitsu Co., Ltd
20,145.00
11,480.34
132.50%
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.