Lasertec Corp. Unsponsored ADR (LSRCY) AI Stock Analysis

• Market Cap: $21.23B
• Dividend Yield: 0.71%
• Average Volume (3M): 2.71K
• Price to Earnings (P/E): 24.6
• Beta (1Y): 1.28
• Revenue Growth: 33.90%
• EPS Growth: 59.16%
• Country: US
• Employees: 1,017
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.39
• Shares Outstanding: 94,286,400
• 10 Day Avg. Volume: 5,836
• 30 Day Avg. Volume: 2,708
• PEG Ratio: 0.48
• Price to Book (P/B): 8.31
• Price to Sales (P/S): 6.94
• P/FCF Ratio: 23.10
• Enterprise Value/Market Cap: 155.59
• Enterprise Value/Revenue: 13.05
• Enterprise Value/Gross Profit: 21.77
• Enterprise Value/Ebitda: 26.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 81 Outperform
• Price Target: $44.00 ▲(14.37% Upside)
• Action: Reiterated Date: 02/01/26
• Date: Action: Reiterated 02/01/26

Score is driven primarily by best-in-class profitability and returns alongside an exceptionally conservative (near zero-debt) balance sheet. Technicals are supportive with a strong uptrend and positive momentum, while the main offsets are premium valuation (P/E ~36) and signs of cyclicality in the recent TTM revenue decline and historical cash flow volatility.

Positive Factors

High profitability & returns

Sustained high gross and net margins plus very strong ROE indicate structural pricing power and cost efficiency in core metrology products. These margins support reinvestment in R&D and aftermarket service capabilities, enabling durable cash generation and competitive differentiation across cycles.

Near-zero leverage, strong balance sheet

An effectively debt-free balance sheet provides material financial flexibility: the company can fund R&D, tool upgrades, and working-capital swings without refinancing risk. This conservatism lowers bankruptcy risk and strengthens ability to withstand semiconductor CAPEX downturns.

Strong cash conversion and free cash flow

High cash conversion means earnings translate into real liquidity, supporting capital equipment production, aftermarket service investment, and potential shareholder returns. Robust FCF underpins durable operations and funds cyclical troughs without eroding the balance sheet.

Negative Factors

Revenue cyclicality / recent decline

Revenue sensitivity to semiconductor capital spending creates persistent cyclicality risk. A sustained revenue pullback can compress high margins and normalize ROE, reducing internal funding capacity and making multi-quarter profit stability dependent on a cyclical upturn.

Historical cash-flow volatility

Past swings in operating cash and FCF highlight working-capital and timing risks in equipment sales. Such volatility can force temporary external financing or delay investments during downturns, undermining the otherwise strong balance sheet when timing mismatches recur.

Concentration in semiconductor CAPEX end market

Business model concentration on capital equipment and photomask/wafer inspection ties revenues to a single cyclical sector. Dependency on semiconductor CAPEX and advanced lithography adoption limits diversification, amplifying revenue volatility and growth sensitivity to industry cycles.

Lasertec Corp. Unsponsored ADR 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 semiconductor photomasks and wafers; wafer related systems, such as SiC, GaN, multi-wavelength, and wafer edge inspection and review systems; wafer bump inspection and measurement systems; and TSV back grinding process measurement systems. It also offers flat panel display photomask inspection systems; laser microscopes, which are used for the observation and measurement of various materials and components comprising semiconductor materials, transparent films, coating materials, inorganic and organic materials, biological samples, metal parts, and plastic components; and lithium-Ion batteries. The company was formerly known as NJS Corporation and changed its name to Lasertec Corporation in 1986. Lasertec Corporation was founded in 1960 and is headquartered in Yokohama, Japan.

How the Company Makes Money

Lasertec Corp. generates revenue primarily through the sale of its inspection and measurement equipment to semiconductor manufacturers and electronics companies worldwide. The company offers a range of high-precision systems that are integral to ensuring the quality and performance of semiconductor wafers and photomasks, which are critical components in the production of electronic devices. In addition to equipment sales, Lasertec provides maintenance services, technical support, and software solutions, enhancing the value proposition of its products. The company's strong relationships with leading semiconductor manufacturers and its focus on innovation and technology development are significant contributors to its earnings, allowing it to maintain a competitive edge in the rapidly evolving semiconductor industry.

Lasertec Corp. Unsponsored ADR Financial Statement Overview

Summary

Exceptional profitability and returns (about ~60% gross and ~35% net profitability; ~40%+ ROE and ~49% TTM) supported by an effectively zero-debt balance sheet. Main risk is cyclicality showing up in the latest ~6% TTM revenue decline and prior cash flow volatility (notably 2022).

Income Statement

TTM (Trailing-Twelve-Months) profitability is exceptional, with very strong gross and net profitability (about 60% gross profitability and ~35% net profitability), supported by high operating profitability as well. The multi-year trajectory shows a major scale-up from 2021–2025, with margins generally strong throughout. The main weakness is the latest revenue trend: TTM (Trailing-Twelve-Months) revenue is down ~6%, signaling a near-term demand/industry cycle slowdown after several years of rapid growth.

Balance Sheet

The balance sheet is very strong and conservatively financed: debt is effectively zero in the latest periods, with substantial equity backing the asset base. Returns on equity are high (roughly ~40%+ in recent annual periods and ~49% in TTM (Trailing-Twelve-Months)), indicating strong profit generation relative to shareholder capital. The key watch item is that high returns can normalize if the recent revenue pullback persists, but leverage risk appears minimal.

Cash Flow

Cash generation is strong in TTM (Trailing-Twelve-Months), with operating cash flow exceeding net income and free cash flow nearly matching net income, suggesting solid earnings quality and conversion. Free cash flow growth is also positive in the most recent periods. The primary weakness is historical volatility: 2022 showed negative operating and free cash flow despite positive net income, indicating that working-capital or investment swings can materially impact cash generation in weaker periods.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	253.05B	251.48B	213.51B	152.83B	90.38B	70.25B
Gross Profit	151.72B	148.26B	107.48B	84.02B	47.79B	36.95B
EBITDA	127.06B	124.13B	86.76B	67.18B	37.06B	27.72B
Net Income	87.89B	84.65B	59.08B	46.16B	24.85B	19.25B
Balance Sheet
Total Assets	309.89B	329.60B	271.29B	271.57B	178.63B	118.73B
Cash, Cash Equivalents and Short-Term Investments	80.55B	86.09B	38.15B	29.77B	23.49B	27.92B
Total Debt	133.09M	176.75M	76.09M	5.00B	10.02B	24.90M
Total Liabilities	84.17B	119.70B	119.97B	162.43B	105.88B	63.54B
Stockholders Equity	225.72B	209.90B	151.31B	109.14B	72.75B	55.19B
Cash Flow
Free Cash Flow	96.48B	75.55B	29.79B	20.00B	-8.83B	6.85B
Operating Cash Flow	97.47B	77.87B	33.32B	40.55B	-3.46B	10.49B
Investing Cash Flow	-1.09B	-2.42B	-3.57B	-20.57B	-5.39B	-3.70B
Financing Cash Flow	-41.66B	-24.57B	-23.14B	-15.56B	2.15B	-4.24B

Lasertec Corp. Unsponsored ADR Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 38.47
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LSRCY, the sentiment is Positive. The current price of 38.47 is below the 20-day moving average (MA) of 42.15, below the 50-day MA of 42.41, and above the 200-day MA of 31.31, indicating a bullish trend. The MACD of 0.94 indicates Negative momentum. The RSI at 62.87 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LSRCY.

Lasertec Corp. Unsponsored ADR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LSRCY	81 Outperform	$21.23B	24.60	42.55%	0.71%	33.90%	59.16%
NVMI	74 Outperform	$13.62B	38.14	22.70%	―	39.37%	40.87%
MTSI	66 Neutral	$16.34B	67.11	12.60%	―	32.58%	-173.04%
RMBS	65 Neutral	$10.13B	42.96	18.29%	―	31.05%	30.35%
SWKS	64 Neutral	$8.23B	30.39	6.83%	4.37%	-2.18%	-16.84%
QRVO	64 Neutral	$7.24B	12.18	9.71%	―	-7.22%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%