Lasertec (6920) AI Stock Analysis

• Market Cap: ¥3.72T
• Dividend Yield: 1.11%
• Average Volume (3M): 9.74M
• Price to Earnings (P/E): 25.0
• Beta (1Y): 1.52
• Revenue Growth: 32.51%
• EPS Growth: 57.19%
• Country: JP
• Employees: 1,017
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 297.15
• Shares Outstanding: 94,286,400
• 10 Day Avg. Volume: 8,887,570
• 30 Day Avg. Volume: 9,738,330
• PEG Ratio: 0.48
• Price to Book (P/B): 8.35
• Price to Sales (P/S): 6.97
• P/FCF Ratio: 23.13
• 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: ¥37,474.92
• Price Target Upside: -9.11% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): 853.08
• Revenue Forecast (FY): ¥226.58B

• Rating: 81 Outperform
• Price Target: ¥48,025.00 ▲(16.48% Upside)
• Action: Reiterated Date: 02/01/26
• Date: Action: Reiterated 02/01/26

The score is driven primarily by exceptional financial strength (very high margins, strong cash generation, and effectively no debt). Technicals also support the rating with a strong uptrend and constructive momentum. Offsetting these positives, the valuation is relatively expensive (P/E ~37.6) and recent revenue contraction highlights semiconductor-cycle risk.

Positive Factors

Top-tier profitability

Sustained very high gross and operating margins indicate durable structural gross economics and pricing power in metrology equipment. High margin converts incremental revenue into strong earnings, supporting reinvestment, service expansion and resilience through semiconductor cycles over months.

Negative Factors

Revenue cyclicality

Sales are closely tied to semiconductor capital expenditure cycles; the recent TTM revenue decline highlights sensitivity. One-time high-value tool sales mean revenue can swing materially quarter-to-quarter, creating persistent demand volatility risk over the next several months.

Lasertec Business Overview & Revenue Model

Company Description

Lasertec Corporation develops, manufactures, sells, and services semiconductor-related equipment, laser microscopes, and flat panel display-related equipment worldwide. The company provides systems used to inspect and measure defects on semiconduc...

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Lasertec Corporation develops, manufactures, sells, and services semiconductor-related equipment, laser microscopes, and flat panel display-related equipment worldwide. The company provides systems used to inspect and measure defects on semiconduc...

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...

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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

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	250.77B	251.48B	213.51B	152.83B	90.38B	70.25B
Gross Profit	150.36B	148.26B	107.48B	84.02B	47.79B	36.95B
EBITDA	126.58B	124.13B	86.76B	67.18B	37.06B	27.72B
Net Income	87.08B	84.65B	59.08B	46.16B	24.85B	19.25B
Balance Sheet
Total Assets	309.67B	329.60B	273.04B	271.57B	178.63B	118.73B
Cash, Cash Equivalents and Short-Term Investments	80.50B	86.09B	38.15B	29.77B	23.49B	27.92B
Total Debt	133.00M	177.00M	76.00M	5.04B	10.02B	24.90M
Total Liabilities	84.11B	119.70B	121.72B	162.43B	105.88B	63.54B
Stockholders Equity	225.56B	209.90B	151.31B	109.14B	72.75B	55.19B
Cash Flow
Free Cash Flow	95.72B	75.76B	30.35B	21.80B	-4.22B	9.72B
Operating Cash Flow	96.71B	77.87B	33.32B	40.55B	-3.46B	10.49B
Investing Cash Flow	-1.11B	-2.42B	-3.57B	-20.57B	-5.39B	-3.70B
Financing Cash Flow	-41.72B	-24.57B	-23.14B	-15.56B	2.15B	-4.24B

Lasertec Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 41230.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 41230 is above the 20-day moving average (MA) of 36098.50, above the 50-day MA of 34035.70, and above the 200-day MA of 25717.33, indicating a bullish trend. The MACD of 1662.27 indicates Negative momentum. The RSI at 64.98 is Neutral, neither overbought nor oversold. The STOCH value of 91.62 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6920	81 Outperform	¥3.72T	25.03	53.12%	1.11%	32.51%	57.19%
7735	78 Outperform	¥2.00T	15.60	21.73%	2.29%	11.29%	11.38%
8035	78 Outperform	¥19.45T	33.18	26.01%	1.79%	16.74%	16.03%
6857	77 Outperform	¥17.36T	45.29	47.37%	0.25%	63.36%	149.43%
7729	77 Outperform	¥644.64B	24.84	12.66%	2.28%	9.53%	-11.17%
6146	75 Outperform	¥7.31T	35.55	25.78%	0.79%	13.45%	20.37%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%