Lasertec (JP:6920)
:6920
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Lasertec
(6920)
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Rating:82Outperform
Price Target:
¥44,231.00
▲(10.72% Upside)
Action:Reiterated
Date:05/01/26
The score is supported primarily by strong financial performance (high margins, strong growth, and a near-debt-free balance sheet) and favorable technical momentum (uptrend across key moving averages with positive MACD). Valuation is the main offset, with a P/E around 25 and a low dividend yield.
Positive Factors
Conservative balance sheet
Near-zero leverage materially lowers financial distress risk and preserves optionality through semiconductor capex cycles. High ROE shows efficient capital allocation and pricing power, enabling durable returns and strategic flexibility for R&D, service expansion, or selective M&A.
Negative Factors
Free cash-flow variability
Large swings in free cash flow and uneven cash conversion indicate working-capital and timing sensitivity tied to big capital shipments. That variability can constrain consistent reinvestment, dividends, or buffer capacity planning during downcycles, raising execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Near-zero leverage materially lowers financial distress risk and preserves optionality through semiconductor capex cycles. High ROE shows efficient capital allocation and pricing power, enabling durable returns and strategic flexibility for R&D, service expansion, or selective M&A.
Read all positive factors
Lasertec (6920) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.62T
Dividend Yield1.11%
Average Volume (3M)9.74M
Price to Earnings (P/E)40.5
Beta (1Y)1.32
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
¥45,972.73Price Target Upside15.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)848.48
Revenue Forecast (FY)¥227.65B
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...
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 | 128.68B | 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
39429.20
Positive
36265.09
Positive
29203.14
Positive
Market Momentum
-55.33
Positive
49.17
Neutral
70.11
Neutral
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 41295.00, above the 50-day MA of 39429.20, and above the 200-day MA of 29203.14, indicating a neutral trend. The MACD of -55.33 indicates Positive momentum. The RSI at 49.17 is Neutral, neither overbought nor oversold. The STOCH value of 70.11 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥3.62T | 40.51 | 53.12% | 1.11% | 12.01% | 26.66% | |
82 Outperform | ¥2.06T | 22.85 | 21.73% | 2.29% | -3.12% | -4.90% | |
80 Outperform | ¥7.20T | 52.09 | 25.78% | 0.79% | 11.08% | 9.32% | |
79 Outperform | ¥23.78T | 41.72 | 26.01% | 1.79% | 0.49% | 6.10% | |
78 Outperform | ¥18.37T | 50.66 | 47.37% | 0.25% | 44.75% | 135.64% | |
73 Outperform | ¥721.43B | 28.51 | 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
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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.