Hamamatsu Photonics KK (6965) AI Stock Analysis

• Market Cap: $534.53B
• Dividend Yield: 2.27%
• Average Volume (3M): 2.38M
• Price to Earnings (P/E): 36.7
• Beta (1Y): 0.85
• Revenue Growth: 0.66%
• EPS Growth: -52.50%
• Country: JP
• Employees: 6,395
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.99
• Shares Outstanding: 319,191,100
• 10 Day Avg. Volume: 2,473,390
• 30 Day Avg. Volume: 2,381,156
• PEG Ratio: -0.55
• Price to Book (P/B): 1.74
• Price to Sales (P/S): 2.82
• P/FCF Ratio: 67.42
• Enterprise Value/Market Cap: 0.91
• Enterprise Value/Revenue: 2.33
• Enterprise Value/Gross Profit: 4.75
• Enterprise Value/Ebitda: 12.09
• 1Y Price Target: $1,549.96
• Price Target Upside: -6.94% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 74 Outperform
• Price Target: ¥1,938.00 ▲(16.36% Upside)

Hamamatsu Photonics KK's strong financial performance, particularly in profitability and balance sheet strength, is a key positive factor. However, technical indicators suggest caution due to potential overbought conditions, and the high P/E ratio raises valuation concerns.

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 diverse range of photonics products and solutions. The company's primary revenue streams include optical sensors and photodetectors, which are used extensively in medical devices, scientific research apparatus, and industrial equipment. Additionally, Hamamatsu earns from its image sensor products, which are integral to digital cameras and various imaging applications in industries like automotive and consumer electronics. The company also benefits from strategic partnerships and collaborations with research institutions and technology firms, enhancing its product offerings and expanding its market reach. As a leader in photonics technology, Hamamatsu's commitment to R&D ensures a steady pipeline of innovative products, further driving its financial performance.

Hamamatsu Photonics KK Financial Statement Overview

Summary

Hamamatsu Photonics KK shows strong financial performance with high profitability and effective balance sheet management. The income statement reflects strong margins, though revenue growth is negative. The balance sheet is robust with low leverage, but cash flow growth needs attention.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	208.88B	203.96B	221.44B	208.80B	169.03B	140.25B
Gross Profit	102.52B	103.88B	120.01B	112.38B	83.39B	68.48B
EBITDA	40.24B	53.37B	73.40B	72.41B	48.48B	35.09B
Net Income	14.34B	25.14B	42.83B	41.30B	25.05B	16.52B
Balance Sheet
Total Assets	444.60B	434.63B	402.92B	366.18B	301.68B	271.62B
Cash, Cash Equivalents and Short-Term Investments	103.98B	99.88B	121.52B	128.31B	99.76B	80.40B
Total Debt	63.99B	36.92B	12.48B	11.53B	9.79B	7.86B
Total Liabilities	131.18B	101.62B	82.86B	84.28B	64.11B	58.10B
Stockholders Equity	311.57B	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: 1665.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 1665.5 is above the 20-day moving average (MA) of 1606.23, above the 50-day MA of 1636.30, and above the 200-day MA of 1599.28, indicating a bullish trend. The MACD of 11.19 indicates Negative momentum. The RSI at 55.78 is Neutral, neither overbought nor oversold. The STOCH value of 68.94 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	$555.15B	15.31	11.91%	0.80%	7.09%	6.00%
6951	78 Outperform	¥268.26B	13.82	―	1.92%	10.15%	-18.57%
6965	74 Outperform	$534.53B	36.66	4.46%	2.27%	0.66%	-52.50%
4186	73 Outperform	$614.64B	22.01	13.68%	1.28%	21.48%	65.56%
7701	69 Neutral	$1.16T	22.25	10.54%	1.58%	4.01%	-6.45%
6645	68 Neutral	$853.65B	26.10	4.20%	2.40%	1.05%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Hamamatsu Photonics KK Corporate Events

Hamamatsu Photonics Reports Decline in Profits Despite Sales Growth

Hamamatsu Photonics K.K. reported a modest increase in net sales for the nine months ending June 30, 2025, but experienced significant declines in operating and ordinary profits compared to the previous year. The company has revised its financial forecasts for the fiscal year ending September 30, 2025, anticipating a continued decrease in profits despite a slight increase in net sales. This financial performance reflects challenges in maintaining profitability amidst market conditions, impacting stakeholders’ expectations.

The most recent analyst rating on (JP:6965) stock is a Hold with a Yen2000.00 price target. To see the full list of analyst forecasts on Hamamatsu Photonics KK stock, see the JP:6965 Stock Forecast page.