Hamamatsu Photonics KK (6965) AI Stock Analysis

• Market Cap: $581.34B
• Dividend Yield: 2.08%
• Average Volume (3M): 1.82M
• Price to Earnings (P/E): 31.3
• Beta (1Y): 0.85
• Revenue Growth: -3.32%
• EPS Growth: -48.13%
• Country: JP
• Employees: 6,395
• Sector: Technology
• Sector Strength: 96
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 19.19
• Shares Outstanding: 319,191,100
• 10 Day Avg. Volume: 1,511,250
• 30 Day Avg. Volume: 1,820,846
• PEG Ratio: -0.88
• Price to Book (P/B): 1.74
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: $1,767.41
• Price Target Upside: -3.47% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 75 Outperform
• Price Target: ¥1,927.00 ▲(5.24%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 KK is a Japanese company specializing in the development, manufacturing, and sales of optical sensors, photomultiplier tubes, image sensors, and other photonics-related products. Operating primarily in the fields of medical imaging, scientific research, and industrial applications, the company is renowned for its advanced photonics technology and innovation, contributing significantly to various sectors including healthcare, semiconductor manufacturing, and scientific instrumentation.

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 presents a strong financial position with high profitability and effective balance sheet management. However, negative revenue growth and lack of free cash flow growth need 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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	203.96B	221.44B	208.80B	169.03B	140.25B
Gross Profit	103.88B	120.01B	112.38B	83.39B	68.48B
EBITDA	53.37B	73.40B	72.41B	48.48B	35.09B
Net Income	25.14B	42.83B	41.30B	25.05B	16.52B
Balance Sheet
Total Assets	434.63B	402.92B	366.18B	301.68B	271.62B
Cash, Cash Equivalents and Short-Term Investments	99.88B	121.52B	128.31B	99.76B	80.40B
Total Debt	36.92B	12.48B	11.53B	9.79B	7.86B
Total Liabilities	101.62B	82.86B	84.28B	64.11B	58.10B
Stockholders Equity	331.31B	318.64B	280.56B	236.52B	212.68B
Cash Flow
Free Cash Flow	8.54B	3.83B	27.12B	21.22B	5.40B
Operating Cash Flow	38.05B	34.25B	45.13B	39.91B	23.32B
Investing Cash Flow	-73.70B	-32.90B	-13.33B	-16.78B	-16.21B
Financing Cash Flow	12.56B	-11.91B	-7.76B	-4.47B	-6.51B

Hamamatsu Photonics KK Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1831.00
• 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 1831 is above the 20-day moving average (MA) of 1790.33, above the 50-day MA of 1669.57, and above the 200-day MA of 1673.63, indicating a bullish trend. The MACD of 53.44 indicates Positive momentum. The RSI at 61.09 is Neutral, neither overbought nor oversold. The STOCH value of 71.15 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	$466.11B	13.46	11.49%	0.94%	8.15%	3.41%
6951	75 Outperform	¥222.10B	11.91		2.11%	12.83%	-13.96%
6965	75 Outperform	$581.34B	31.34	5.58%	2.08%	-3.32%	-48.13%
4186	73 Outperform	$504.36B	18.48	13.63%	1.57%	24.52%	88.51%
7701	69 Neutral	$1.00T	18.56	10.72%	0.88%	5.30%	-4.94%
Sector *	69 Neutral	¥230.42B	14.65	7.50%	2.61%	9.34%	5.75%
6645	65 Neutral	$776.89B	47.76	2.10%	2.63%	-2.08%	100.89%

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.