Hamamatsu Photonics KK (6965) AI Stock Analysis

• Market Cap: ¥537.31B
• Dividend Yield: 2.19%
• Average Volume (3M): 1.83M
• Price to Earnings (P/E): 29.0
• Beta (1Y): 0.86
• Revenue Growth: -3.32%
• EPS Growth: -48.13%
• Country: JP
• Employees: 6,395
• Sector: Technology
• Sector Strength: 87
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 19.19
• Shares Outstanding: 319,191,100
• 10 Day Avg. Volume: 2,078,930
• 30 Day Avg. Volume: 1,826,446
• PEG Ratio: 0.18
• Price to Book (P/B): 1.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 17.70
• 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: ¥1,766.15
• Price Target Upside: 1.56% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 75 Outperform
• Price Target: ¥1,927.00 ▲(10.81%Upside)

Hamamatsu Photonics KK demonstrates strong financial fundamentals and bullish technical indicators. However, the high valuation and negative revenue growth present potential risks.

Hamamatsu Photonics KK Business Overview & Revenue Model

Company Description

Hamamatsu Photonics K.K. manufactures and sells photomultiplier tubes, imaging devices, light sources, opto-semiconductors, and imaging and analyzing systems in Japan and internationally. The company operates through three segments: Electron Tube, Opto-Semiconductor, and Imaging and Measurement Instruments. The Electron Tube segment provides photomultiplier tubes, electron multipliers, microchannel plates, image intensifiers, X-ray products, and various light sources for use in medical, chemical analysis, measurement, industrial testing, and academic research applications. The Opto-Semiconductor segment offers silicon photodiodes, photo IC components, position sensitive and infrared detectors, image sensors for low-light-level imaging and X-ray imaging, mini-spectrometers, and light emitting devices for applications in medical imaging, high-energy physics, and scientific measurement. The Imaging and Measurement Instruments segment provides a range of cameras for scientific and industrial applications, as well as specialized instruments for use in the fields of pharmaceutical development, semiconductor manufacturing, X-ray nondestructive inspection, spectrophotometry, and optical communications. Hamamatsu Photonics K.K. is also involved in the semiconductor laser and hotel operation businesses. The company was formerly known as Hamamatsu TV Co., Ltd. Hamamatsu Photonics K.K. was founded in 1953 and is headquartered in Hamamatsu, Japan.

How the Company Makes Money

Hamamatsu Photonics KK generates revenue through the sale of its photonics products and solutions. Its key revenue streams include scientific and industrial applications, wherein the company supplies advanced photonics devices like photomultiplier tubes, scientific cameras, and light sources to laboratories, research institutions, and industrial entities. Additionally, the company's products are crucial in the medical field, where they are used in diagnostic imaging and other medical devices. Hamamatsu also collaborates with various research organizations and industry players to develop innovative photonics solutions, enhancing its product offerings and market reach. These partnerships and the company's continuous investment in research and development contribute significantly to its earnings.

Hamamatsu Photonics KK Financial Statement Overview

Summary

Hamamatsu Photonics KK demonstrates strong profitability metrics with robust EBIT and EBITDA margins reflecting operational efficiency. The balance sheet is solid with low leverage and high equity stability. However, challenges exist with negative revenue growth and lack of free cash flow growth, which could impact future investments.

Income Statement

The company demonstrates strong gross and net profit margins, reflecting effective cost management and profitability. However, recent revenue growth has been negative, signaling potential challenges in maintaining sales momentum. Despite this, EBIT and EBITDA margins are robust, indicating solid operational efficiency.

Balance Sheet

The balance sheet is strong, with a low debt-to-equity ratio indicating low financial leverage and a solid equity ratio showcasing stability. The company has maintained high equity levels, contributing to a robust return on equity, which reflects effective utilization of shareholder funds.

Cash Flow

Cash flow from operations is healthy, but there is a lack of free cash flow growth, which could impact future investments. The operating cash flow to net income ratio is not assessable for TTM due to zero values, but previous periods indicate strong cash generation relative to net income.

Breakdown	TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	201.04B	203.96B	221.44B	208.80B	169.03B	140.25B
Gross Profit	100.01B	103.88B	120.01B	112.38B	83.39B	68.48B
EBITDA	41.72B	53.37B	73.40B	72.41B	48.48B	35.09B
Net Income	20.39B	25.14B	42.83B	41.30B	25.05B	16.52B
Balance Sheet
Total Assets	448.50B	434.63B	402.92B	366.18B	301.68B	271.62B
Cash, Cash Equivalents and Short-Term Investments	104.34B	99.88B	121.52B	128.31B	99.76B	80.40B
Total Debt	57.67B	36.92B	12.48B	11.53B	9.79B	7.86B
Total Liabilities	131.69B	101.62B	82.86B	84.28B	64.11B	58.10B
Stockholders Equity	315.15B	331.31B	318.64B	280.56B	236.52B	212.68B
Cash Flow
Free Cash Flow	0.00	8.54B	3.83B	27.12B	21.22B	5.40B
Operating Cash Flow	0.00	38.05B	34.25B	45.13B	39.91B	23.32B
Investing Cash Flow	0.00	-73.70B	-32.90B	-13.33B	-16.78B	-16.21B
Financing Cash Flow	0.00	12.56B	-11.91B	-7.76B	-4.47B	-6.51B

Hamamatsu Photonics KK Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1739.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6965, the sentiment is Positive. The current price of 1739 is above the 20-day moving average (MA) of 1662.60, above the 50-day MA of 1530.05, and above the 200-day MA of 1667.59, indicating a bullish trend. The MACD of 63.13 indicates Positive momentum. The RSI at 66.49 is Neutral, neither overbought nor oversold. The STOCH value of 59.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6965.

Hamamatsu Photonics KK Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6856	81 Outperform	¥457.94B	13.22	11.49%	1.46%	8.15%	3.41%
6951	78 Outperform	¥226.89B	12.17		2.16%	12.83%	-13.96%
6965	75 Outperform	¥537.31B	28.97	5.58%	2.19%	-3.32%	-48.13%
4186	73 Outperform	$512.40B	18.78	13.63%	1.69%	24.52%	88.51%
7701	69 Neutral	$1.01T	18.75	10.72%	0.23%	5.30%	-4.94%
6645	63 Neutral	$716.46B	44.05	2.10%	2.86%	-2.08%	100.89%
Sector *	50 Neutral	AU$1.49B	1.70	-28.24%	3.29%	16.24%	-7.89%

Hamamatsu Photonics KK Corporate Events

Hamamatsu Photonics Reports Mixed Financial Results Amid Stock Split

Hamamatsu Photonics reported a slight increase in net sales for the six months ending March 31, 2025, but experienced significant declines in operating profit, ordinary profit, and profit attributable to owners of the parent compared to the previous year. The company also conducted a 2-for-1 stock split, impacting earnings per share calculations. Despite these challenges, the company maintains a strong equity ratio and plans to continue dividend payments, reflecting a stable financial position.

Hamamatsu Photonics Completes Treasury Stock Cancellation

Hamamatsu Photonics K.K. has completed the cancellation of 11,038,100 treasury shares, representing 3.34% of its total shares, as part of a strategic decision to optimize its capital structure. This move is expected to enhance shareholder value and reflects the company’s commitment to maintaining a robust financial position, potentially impacting its market perception positively.