Sumco Corporation (SUOPY)
OTHER OTC:SUOPY
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Sumco
(OTC:SUOPY)
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Rating:49Neutral
Price Target:
$24.00
▲(24.22% Upside)
Action:ReiteratedDate:02/18/26
The score is primarily weighed down by weakened financial performance (margin compression, 2025 net loss, and negative free cash flow) and cautious near-term guidance. Technicals are mixed but not bearish, while valuation remains challenged due to loss-making results and only a modest dividend yield.
Positive Factors
Operating cash flow
Consistent positive operating cash flow (JPY 100.0b) demonstrates durable cash generation from core wafer sales. This cash inflow supports working capital, funds reinvestment or debt servicing during cyclical downturns, and reduces reliance on external financing while demand normalizes.
Negative Factors
Negative net income and free cash flow
Sustained net losses and negative free cash flow erode retained earnings and constrain reinvestment choices. Even with positive operating cash flow, investing outflows exceeded inflows in 2025, pressuring liquidity and forcing heavier reliance on balance-sheet buffers or reduced capex until profitable, cash-generative operations resume.
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Positive Factors
Negative Factors
Operating cash flow
Consistent positive operating cash flow (JPY 100.0b) demonstrates durable cash generation from core wafer sales. This cash inflow supports working capital, funds reinvestment or debt servicing during cyclical downturns, and reduces reliance on external financing while demand normalizes.
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Sumco (SUOPY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.29B
Dividend Yield0.83%
Average Volume (3M)163.00
Price to Earnings (P/E)―
Beta (1Y)1.26
Revenue Growth1.51%
EPS Growth-88.37%
CountryUS
Employees9,850
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.40
Shares Outstanding175,083,620
10 Day Avg. Volume10
30 Day Avg. Volume163
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)0.84
Price to Sales (P/S)1.13
P/FCF Ratio-42.24
Enterprise Value/Market Cap232.99
Enterprise Value/Revenue2.48
Enterprise Value/Gross Profit13.91
Enterprise Value/Ebitda9.55
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sumco Business Overview & Revenue Model
Company Description
Sumco Corporation, together with its subsidiaries, manufactures and sells silicon wafers for the semiconductor industry primarily in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well a...
How the Company Makes Money
Sumco primarily makes money by selling semiconductor-grade silicon wafers to chipmakers and foundries. Its core revenue stream is wafer sales, typically differentiated by wafer diameter (e.g., larger-diameter wafers used for advanced, high-volume ...
Sumco Earnings Call Summary
Earnings Call Date:Feb 10, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture: operational and cash-generation strengths (stable EBITDA, JPY 100b operating cash flow, material CapEx reduction, full-year operating profit) and clear execution/market headwinds (Q4 and full-year net losses, sharply higher depreciation, product-mix pressure, structural 200mm decline, legacy inventory overhang and near-term guidance for Q1 losses). Management is constructive on longer-term AI-driven demand and leading-edge positioning but warns of near-term inventory normalization and NAND capacity lag.Positive Updates
Beat on Q4 Sales and Forecast
Q4 sales of JPY 105.2 billion, up JPY 6.1 billion Q-on-Q (≈+6.2% from JPY 99.1b). Sales overshot forecast by JPY 5.0 billion due to late arrival of goods and positive FX.
Negative Updates
Q4 and Q1 Profitability Weakness
Q4 operating profit was negative JPY 4.5 billion, ordinary loss JPY 5.9 billion and net loss attributable JPY 10.8 billion. Q1 guidance projects sales JPY 100 billion and an operating loss of JPY 6.0 billion with a net loss attributable of JPY 10.0 billion.
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Q4-2025 Updates
Positive
Negative
Beat on Q4 Sales and Forecast
Q4 sales of JPY 105.2 billion, up JPY 6.1 billion Q-on-Q (≈+6.2% from JPY 99.1b). Sales overshot forecast by JPY 5.0 billion due to late arrival of goods and positive FX.
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Company Guidance
Management guided Q1 with sales of JPY 100.0 billion, an operating loss of JPY 6.0 billion, an ordinary loss of JPY 10.0 billion and a net loss attributable to owners of the parent of JPY 10.0 billion, assuming FX of JPY 155/USD; they said Q1 operating losses widen JPY 1.5 billion Q‑on‑Q (sales down from JPY 105.2b to JPY 100.0b), driven by periodic plant maintenance and one‑off maintenance costs, costs rising JPY 2.1 billion Q‑on‑Q and depreciation declining JPY 4.3 billion Q‑on‑Q. For the full year ended Dec‑2025 they reported sales JPY 409.6 billion, operating profit JPY 1.3 billion, ordinary loss JPY 3.8 billion, net loss attributable JPY 11.7 billion, EBITDA JPY 112.4 billion, total CapEx JPY 79.9 billion (down from JPY 214.9b in 2024), depreciation JPY 115.6 billion (up JPY 36.7b YoY) and free cash flow negative JPY 11.4 billion after operating cash flow JPY 100.0 billion and investing outflow JPY 111.4 billion; balance sheet metrics include total assets JPY 1,127.9 billion, liabilities JPY 480.2 billion, equity‑to‑asset ratio 51.3% and gross D/E 0.61x, and the board set a fiscal year‑end dividend of JPY 10 per share. Management expects structural declines in 200‑mm (‑21% in 2023, ‑13% in 2024, ‑4% in 2025) but recovery in 300‑mm (‑11% in 2023, +2% in 2024, +9% in 2025), forecasts wafer consumption to grow from this year into next as NAND/DRAM capacity ramps (DRAM AI demand ~500–600k wafers/month today rising to ~1.5m over 3–4 years, NAND inference demand ~200k wafers/month), and said customer capacity additions will take ~12 months with leading‑edge wafer increases expected in H2 when the new plant comes online.Sumco Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
62
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 403.72B | 429.53B | 396.62B | 425.94B | 441.08B | 335.67B |
| Gross Profit | 71.86B | 52.33B | 72.73B | 108.25B | 143.35B | 80.12B |
| EBITDA | 104.70B | 117.89B | 113.25B | 144.66B | 169.53B | 104.33B |
| Net Income | 10.34B | -12.32B | 19.88B | 63.88B | 70.20B | 41.12B |
Balance Sheet | ||||||
| Total Assets | 1.16T | 1.13T | 1.17T | 1.07T | 892.55B | 764.82B |
| Cash, Cash Equivalents and Short-Term Investments | 80.91B | 75.35B | 95.67B | 156.35B | 259.31B | 224.67B |
| Total Debt | 364.52B | 354.10B | 353.95B | 224.45B | 141.38B | 141.07B |
| Total Liabilities | 505.89B | 480.51B | 515.45B | 437.56B | 301.07B | 241.98B |
| Stockholders Equity | 589.54B | 578.77B | 592.11B | 572.15B | 533.55B | 476.15B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -11.53B | -177.62B | -160.57B | 54.01B | 36.92B |
| Operating Cash Flow | 0.00 | 104.89B | 69.63B | 96.34B | 179.46B | 104.71B |
| Investing Cash Flow | 0.00 | -116.85B | -247.88B | -247.68B | -126.35B | -67.34B |
| Financing Cash Flow | 0.00 | -9.15B | 112.29B | 43.46B | -23.15B | 99.10B |
Sumco Technical Analysis
Positive
19.32
Price Trends
21.35
Positive
19.60
Positive
18.95
Positive
Market Momentum
0.59
Negative
62.44
Neutral
83.56
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SUOPY, the sentiment is Positive. The current price of 19.32 is below the 20-day moving average (MA) of 21.68, below the 50-day MA of 21.35, and above the 200-day MA of 18.95, indicating a bullish trend. The MACD of 0.59 indicates Negative momentum. The RSI at 62.44 is Neutral, neither overbought nor oversold. The STOCH value of 83.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SUOPY.
Sumco Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $23.76B | 14.74 | 11.36% | 6.06% | 5.87% | -20.93% | |
69 Neutral | $27.10B | 21.96 | 7.68% | ― | 0.25% | -106.22% | |
68 Neutral | $13.64B | 26.10 | 8.73% | 0.81% | 0.13% | -16.17% | |
63 Neutral | $53.99B | 26.78 | 12.81% | 2.29% | 8.01% | 10.41% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $34.17B | 136.11 | 0.97% | 1.28% | -17.33% | -76.71% | |
49 Neutral | $4.29B | -39.52 | -2.01% | 0.83% | 1.51% | -88.37% |
* Technology Sector Average
SUOPY
Sumco
24.49
12.42
102.88%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.