Lasertec (6920) AI Stock Analysis

• Market Cap: ¥1.34T
• Dividend Yield: 1.93%
• Average Volume (3M): 10.95M
• Price to Earnings (P/E): 19.1
• Beta (1Y): 1.54
• Revenue Growth: -2.37%
• EPS Growth: 4.89%
• Country: JP
• Employees: 1,017
• Sector: Technology
• Sector Strength: 95
• Industry: Semiconductors
• EPS (TTM): 103.96
• Shares Outstanding: 94,286,400
• 10 Day Avg. Volume: 9,630,660
• 30 Day Avg. Volume: 10,949,486
• PEG Ratio: -1.70
• Price to Book (P/B): 8.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 29.47
• 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: ¥17,184.99
• Price Target Upside: 14.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 8

• Rating: 67 Neutral
• Price Target: ¥17,604.00 ▲(17.75%Upside)

Lasertec's strong financial performance is the primary driver of its score, showcasing robust revenue growth and profitability. However, bearish technical indicators suggest caution in the short term. Valuation remains reasonable, providing a balanced investment proposition.

Lasertec Business Overview & Revenue Model

Company Description

Lasertec Corporation (6920) is a leading Japanese company specializing in the development and manufacturing of advanced inspection and measurement systems for the semiconductor industry. The company is at the forefront of technology in sectors such as photomask inspection, wafer inspection, and other related semiconductor equipment. Lasertec's core products include state-of-the-art optical inspection systems that help ensure the quality and precision of semiconductor manufacturing processes.

How the Company Makes Money

Lasertec makes money primarily through the sale of its high-tech inspection and measurement equipment to semiconductor manufacturers. The company generates revenue from direct sales of its proprietary systems, which are essential for maintaining quality and efficiency in semiconductor production. Additionally, Lasertec offers maintenance services and support contracts, providing a continuous revenue stream from existing customers. Strategic partnerships with leading semiconductor companies and ongoing innovation in product development also contribute significantly to its earnings, ensuring a competitive edge in the rapidly evolving semiconductor industry.

Lasertec Financial Statement Overview

Summary

Lasertec demonstrates exceptional financial performance with strong revenue growth, high profitability margins, and robust cash flow generation. The company's low debt-to-equity ratio and high ROE indicate financial flexibility and effective shareholder fund utilization.

Income Statement

Lasertec has shown strong revenue growth, with a TTM (Trailing-Twelve-Months) revenue increase of 5.46% compared to the previous period. The company maintains a robust gross profit margin of 56.61% and a net profit margin of 31.19%, indicating high efficiency and profitability. The EBIT and EBITDA margins are also impressive at 45.55% and 44.99%, respectively, reflecting operational strength.

Balance Sheet

The company's balance sheet is solid, with a low debt-to-equity ratio of 0.0007, indicating minimal leverage and potential financial flexibility. The return on equity (ROE) is high at 39.62%, showcasing effective utilization of shareholder funds. An equity ratio of 59.23% further supports the company's financial stability.

Cash Flow

Lasertec exhibits strong cash flow management with a significant free cash flow growth rate of 69.14% TTM. The operating cash flow to net income ratio is 0.76, suggesting adequate cash flow generation relative to profitability. The free cash flow to net income ratio of 0.72 reflects efficient capital expenditure and cash flow management.

Breakdown	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	213.51B	152.83B	90.38B	70.25B	42.57B
Gross Profit	107.48B	84.02B	47.79B	36.95B	22.99B
EBITDA	86.76B	67.18B	37.07B	27.72B	15.94B
Net Income	59.08B	46.16B	24.85B	19.25B	10.82B
Balance Sheet
Total Assets	271.29B	271.57B	178.63B	118.73B	81.79B
Cash, Cash Equivalents and Short-Term Investments	38.15B	29.77B	23.49B	27.92B	24.72B
Total Debt	18.00M	5.00B	10.00B	24.90M	24.20M
Total Liabilities	119.97B	162.43B	105.88B	63.54B	42.62B
Stockholders Equity	151.31B	109.14B	72.75B	55.19B	39.18B
Cash Flow
Free Cash Flow	29.79B	20.00B	-8.83B	6.85B	14.69B
Operating Cash Flow	33.32B	40.55B	-3.46B	10.49B	16.49B
Investing Cash Flow	-3.57B	-20.57B	-5.39B	-3.70B	-2.04B
Financing Cash Flow	-23.14B	-15.56B	2.15B	-4.24B	-2.80B

Lasertec Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 14950.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6920, the sentiment is Negative. The current price of 14950 is below the 20-day moving average (MA) of 17738.25, below the 50-day MA of 16463.52, and below the 200-day MA of 15934.17, indicating a bearish trend. The MACD of -364.26 indicates Positive momentum. The RSI at 31.93 is Neutral, neither overbought nor oversold. The STOCH value of 4.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6920.

Lasertec Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8035	81 Outperform	$12.65T	23.11	29.69%	1.99%	32.83%	50.73%
6857	78 Outperform	$7.64T	33.47	44.94%	0.38%	72.67%	196.67%
6146	73 Outperform	$4.56T	36.81	28.07%	0.87%	27.88%	47.09%
7735	71 Outperform	$1.09T	11.06	24.92%	2.45%	16.20%	22.07%
6723	69 Neutral	¥3.30T	20.48	-4.72%	1.51%	-12.38%	-133.30%
Sector *	69 Neutral	¥230.15B	14.83	7.55%	2.61%	9.28%	5.74%
6920	67 Neutral	¥1.34T	19.06	44.53%	1.93%	-2.37%	4.89%