Hamamatsu Photonics KK (6965) AI Stock Analysis

• Market Cap: $459.14B
• Dividend Yield: 2.4%
• Average Volume (3M): 2.07M
• Price to Earnings (P/E): 24.8
• Beta (1Y): 0.83
• Revenue Growth: -3.32%
• EPS Growth: -48.13%
• Country: JP
• Employees: 6,395
• Sector: Technology
• Sector Strength: 76
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 19.19
• Shares Outstanding: 319,191,100
• 10 Day Avg. Volume: 2,332,430
• 30 Day Avg. Volume: 2,069,716
• PEG Ratio: -0.62
• Price to Book (P/B): 1.31
• 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: $1,714.61
• Price Target Upside: 15.38% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 71 Outperform
• Price Target: ¥1,607.00 ▲( 8.14% Upside)

Hamamatsu Photonics KK holds a strong financial position with effective cost management and balance sheet stability, contributing to a solid overall score. The technical indicators present mixed signals with a short-term upward trend but potential overbought conditions. Valuation is reasonable, supported by a decent dividend yield, making the stock moderately attractive, though attention to revenue and cash flow growth is necessary.

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 presents a strong financial position with high profitability and effective balance sheet management. While revenue growth and free cash flow generation need attention, the company remains financially stable with solid margins and low leverage.

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
	EBIT
24.92B	32.12B	56.68B	56.98B	34.32B	21.75B
	EBITDA
30.06B	53.37B	73.40B	72.41B	48.48B	35.09B
	Net Income Common Stockholders
20.39B	25.14B	42.83B	41.30B	25.05B	16.52B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
104.34B	99.88B	121.52B	128.31B	99.76B	80.40B
	Total Assets
448.50B	434.63B	402.92B	366.18B	301.68B	271.62B
	Total Debt
57.67B	36.92B	12.48B	11.53B	9.79B	7.86B
	Net Debt
-43.98B	-60.10B	-106.64B	-114.47B	-81.30B	-65.90B
	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: 1486.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• 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 1486 is above the 20-day moving average (MA) of 1394.10, above the 50-day MA of 1383.07, and below the 200-day MA of 1712.85, indicating a neutral trend. The MACD of 44.16 indicates Negative momentum. The RSI at 59.42 is Neutral, neither overbought nor oversold. The STOCH value of 53.31 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
6965	71 Outperform	$459.14B	24.75	5.58%	2.40%	-3.32%	-48.13%
Sector *	61 Neutral	$11.29B	10.07	-7.05%	2.96%	7.47%	-10.75%
HRIBF		$2.94B	12.86	11.49%	2.28%	―	―
OMRNF		$5.22B	48.27	2.10%	2.64%	―	―
SHMZF		$6.99B	19.64	10.72%	1.83%	―	―
TOKCF		$3.04B	16.64	13.63%	1.70%	―	―
6951	68 Neutral	¥205.42B	11.02		2.63%	25.91%	113.96%

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.