Lasertec (JP:6920)
:6920
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Lasertec
(6920)
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Rating:82Outperform
Price Target:
¥49,520.00
▲(23.95% Upside)
Action:ReiteratedDate: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 and very high ROE give durable financial flexibility. This conservatism reduces solvency risk through semiconductor capex cycles, supports opportunistic investments or shareholder returns, and preserves optionality for strategic moves without financing stress.
Negative Factors
Free cash flow variability
Sharp swings in free cash flow despite healthy net income point to volatile working capital and timing of receipts/payments. Such variability undermines the predictability of funding for capex, R&D, and shareholder returns, and raises execution risk across cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Near-zero leverage and very high ROE give durable financial flexibility. This conservatism reduces solvency risk through semiconductor capex cycles, supports opportunistic investments or shareholder returns, and preserves optionality for strategic moves without financing stress.
Read all positive factors
Lasertec (6920) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.87T
Dividend Yield1.11%
Average Volume (3M)9.74M
Price to Earnings (P/E)67.5
Beta (1Y)1.37
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
¥42,440.00Price Target Upside6.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)855.26
Revenue Forecast (FY)¥227.14B
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
34613.30
Positive
33123.45
Positive
26230.48
Positive
Market Momentum
1973.90
Negative
57.02
Neutral
57.01
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 above the 20-day moving average (MA) of 37167.50, above the 50-day MA of 34613.30, and above the 200-day MA of 26230.48, indicating a bullish trend. The MACD of 1973.90 indicates Negative momentum. The RSI at 57.02 is Neutral, neither overbought nor oversold. The STOCH value of 57.01 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 | ¥3.87T | 67.46 | 53.12% | 1.11% | 12.01% | 26.66% | |
80 Outperform | ¥7.84T | 38.72 | 25.78% | 0.79% | 11.08% | 9.32% | |
79 Outperform | ¥21.57T | 19.86 | 26.01% | 1.79% | 0.49% | 6.10% | |
78 Outperform | ¥19.40T | 29.12 | 47.37% | 0.25% | 44.75% | 135.64% | |
78 Outperform | ¥1.94T | 15.60 | 21.73% | 2.29% | -4.28% | -9.67% | |
77 Outperform | ¥712.60B | 24.84 | 12.66% | 2.28% | 7.69% | -19.63% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:6920
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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.