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Lasertec Corp
TSE:6920

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Lasertec Corp
TSE:6920
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Price: 45 060 JPY 3.82% Market Closed
Market Cap: ¥4.2T

P/OCF

41.8
Current
38%
Cheaper
vs 3-y average of 67.3

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
41.8
=
Market Cap
¥2.9T
/
Operating Cash Flow
¥96.7B

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
41.8
=
Market Cap
¥2.9T
/
Operating Cash Flow
¥96.7B

Valuation Scenarios

Lasertec Corp is trading below its 3-year average

If P/OCF returns to its 3-Year Average (67.3), the stock would be worth ¥72 579.71 (61% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-73%
Maximum Upside
+102%
Average Upside
8%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 41.8 ¥45 060
0%
3-Year Average 67.3 ¥72 579.71
+61%
5-Year Average 84.4 ¥91 095.2
+102%
Industry Average 16.5 ¥17 789.19
-61%
Country Average 11.5 ¥12 356.55
-73%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
JP
Lasertec Corp
TSE:6920
4T JPY 41.8 46.4
NL
ASML Holding NV
AEX:ASML
481.6B EUR 34.8 47.2
US
Lam Research Corp
NASDAQ:LRCX
334.9B USD 48.2 49.9
US
Applied Materials Inc
NASDAQ:AMAT
331B USD 38 42.2
US
KLA Corp
NASDAQ:KLAC
253.8B USD 53.2 55.7
US
Brooks Automation Inc
LSE:0HQ1
234.5B USD 3 757.9 -4 053.1
JP
Advantest Corp
TSE:6857
21.4T JPY 64 74.1
JP
Tokyo Electron Ltd
TSE:8035
21T JPY 42 41.8
US
Teradyne Inc
NASDAQ:TER
65.3B USD 96.7 117.7
CN
NAURA Technology Group Co Ltd
SZSE:002371
344.2B CNY 157.9 61
JP
Disco Corp
TSE:6146
7.8T JPY 58.2 57.4
P/E Multiple
Earnings Growth PEG
JP
Lasertec Corp
TSE:6920
Average P/E: 59.3
46.4
10%
4.6
NL
ASML Holding NV
AEX:ASML
47.2
20%
2.4
US
Lam Research Corp
NASDAQ:LRCX
49.9
24%
2.1
US
Applied Materials Inc
NASDAQ:AMAT
42.2
20%
2.1
US
KLA Corp
NASDAQ:KLAC
55.7
22%
2.5
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -4 053.1 N/A N/A
JP
Advantest Corp
TSE:6857
74.1
50%
1.5
JP
Tokyo Electron Ltd
TSE:8035
41.8
13%
3.2
US
Teradyne Inc
NASDAQ:TER
117.7
44%
2.7
CN
NAURA Technology Group Co Ltd
SZSE:002371
61
N/A N/A
JP
Disco Corp
TSE:6146
57.4
N/A N/A

Market Distribution

Higher than 93% of companies in Japan
Percentile
93rd
Based on 4 634 companies
93rd percentile
41.8
Low
0.1 — 8
Typical Range
8 — 16
High
16 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 8
Median 11.5
70th Percentile 16
Max 277 515 329.3

Lasertec Corp
Glance View

In the dynamic world of semiconductor manufacturing, Lasertec Corp. stands out as a beacon of innovation and precision. This Japanese firm has carved a niche in the highly specialized field of inspection and measurement equipment for semiconductor production. Founded in 1960, Lasertec initially ventured into various engineering sectors, but its laser-sharp focus on semiconductors set it apart in the ever-evolving tech landscape. At the heart of its operations is the development of cutting-edge photomask inspection, wafer inspection, and mask repair systems. These technologies are integral to the semiconductor manufacturing process, ensuring that defects are caught early so that the highly sensitive circuit patterns can be rendered with exact precision. As semiconductor producers strive for ever smaller and more complex chips, the demand for Lasertec's meticulous services grows. Lasertec makes money primarily by selling its advanced inspection equipment to semiconductor manufacturers across the globe. Its innovative tools help these companies meet the escalating demands for performance and efficiency in a world increasingly reliant on technology, from smartphones to supercomputers. With the global chip shortage bringing unprecedented attention to the semiconductor industry, Lasertec's role as a critical supplier of inspection technology has never been more crucial. By continuously investing in research and development, the company remains ahead of technological curves, further solidifying its position in a market where only the most precise can survive and thrive. This strategic positioning not only underscores Lasertec’s financial health but also fortifies its reputation as a linchpin in the semiconductor supply chain.

Intrinsic Value
18 856.49 JPY
Overvaluation 58%
Intrinsic Value
Price ¥45 060
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