Wintest Corp. (6721) AI Stock Analysis

• Market Cap: ¥5.56B
• Dividend Yield: N/A
• Average Volume (3M): 1.06M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.77
• Revenue Growth: 2.37%
• EPS Growth: -83.58%
• Country: JP
• Employees: 72
• Sector: Technology
• Sector Strength: 82
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -3.41
• Shares Outstanding: 52,993,100
• 10 Day Avg. Volume: 1,520,730
• 30 Day Avg. Volume: 1,061,936
• PEG Ratio: -1.43
• Price to Book (P/B): 3.17
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.98
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 31 Underperform
• Price Target: ―

Wintest Corp.'s overall stock score is heavily impacted by its poor financial performance, characterized by negative profitability and weak cash flows. The technical analysis indicates a lack of upward momentum, while the valuation highlights the company's unattractive financial ratios. Without strong financial health or positive market sentiment, the stock remains a high-risk investment.

Wintest Corp. Business Overview & Revenue Model

Company Description

Wintest Corp. designs, develops, and sells automatic test equipment for semiconductor integrated circuits and flat panel displays for image sensor tester, LCD driver tester, and logic tester markets primarily in Japan. It offers LCD/OLED high speed driver test equipment, LCD/PDP/OLED driver IC test systems, standard logic IC test systems, digital output CIS test systems, high-end CCD/CIS test systems, LCD/OLED/LCOS array/CCD/CIS test systems, compact analog mixed signal IC test systems, and analog and mixed signal IC test systems, as well as automatic machines and handlers. In addition, the company is involved in the design and construction, inspection, maintenance, and assurance to solar power generation systems; solar panel monitoring agency business; sales and maintenance of environmental equipment; and design and manufacture of AOI test systems. Further, it offers cleaning and coating, insurance handling, and consulting services. Wintest Corp. was incorporated in 1993 and is headquartered in Yokohama, Japan. Wintest Corp. opeartes as a subsidiary of Wuhan Jingce Electronic Group Co.,Ltd.

How the Company Makes Money

Wintest Corp. generates revenue through the sale of its semiconductor testing equipment and related services. The company's primary revenue stream comes from the direct sales of its testing machines to semiconductor manufacturers. In addition to equipment sales, Wintest Corp. offers maintenance, calibration, and technical support services, which provide an additional source of income. The company may also engage in strategic partnerships with other technology firms to enhance its product offerings and expand its market reach, although specific partnership details are not publicly disclosed. Wintest Corp.'s earnings are largely influenced by the demand for semiconductors and the ongoing advancements in semiconductor technology, which drive the need for more sophisticated testing solutions.

Wintest Corp. Financial Statement Overview

Summary

Wintest Corp. is experiencing significant financial challenges, with negative profitability indicators and a weak cash position. The company has a low debt-to-equity ratio, but declining revenue and ongoing losses present serious risks. Strategic changes are necessary to improve financial health and investor confidence.

Income Statement

Wintest Corp. has experienced a persistent decline in profitability, with a negative gross profit margin and net profit margin over the past few years. Revenue growth is erratic, and EBIT has worsened significantly, indicating operational inefficiencies. The company has not generated EBITDA in the latest period, further reflecting financial distress.

Balance Sheet

The debt-to-equity ratio is relatively low, suggesting manageable leverage, but the declining equity ratio indicates increasing liabilities or shrinking equity. Return on equity is negative due to consistent net losses, which is a significant concern for investors.

Cash Flow

Wintest Corp.'s cash flow situation is concerning, with negative operating cash flow and free cash flow reflecting poor cash generation from operations. The operating cash flow to net income ratio is unfavorable, suggesting inefficiencies in converting income to cash. There has been no positive free cash flow growth, indicating a need for improved cash management.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Sep 2020
Income Statement		Total Revenue
417.09M	407.00M	210.31M	307.58M	793.97M
	Gross Profit
-338.84M	151.00M	62.16M	18.06M	152.62M
	EBIT
-1.08B	-558.00M	-693.50M	-730.71M	-536.44M
	EBITDA
-1.09B	-546.66M	-679.04M	-629.72M	-534.42M
	Net Income Common Stockholders
-1.11B	-554.00M	-686.24M	-629.18M	-619.59M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
90.70M	361.00M	278.48M	219.11M	1.32B
	Total Assets
1.20B	1.97B	1.90B	1.90B	2.40B
	Total Debt
244.19M	168.00M	358.47M	110.50M	52.00M
	Net Debt
153.49M	-193.00M	79.99M	-108.61M	-1.27B
	Total Liabilities
495.37M	309.00M	549.53M	305.78M	331.94M
	Stockholders Equity
699.93M	1.66B	1.35B	1.59B	2.07B
Cash Flow		Free Cash Flow
-664.21M	-558.30M	-613.48M	-858.30M	-1.23B
	Operating Cash Flow
-662.30M	-558.27M	-613.48M	-856.09M	-1.16B
	Investing Cash Flow
-1.91M	0.00	3.88M	21.85M	-139.89M
	Financing Cash Flow
171.22M	641.00M	667.98M	68.62M	2.56B

Wintest Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 105.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6721, the sentiment is Negative. The current price of 105 is below the 20-day moving average (MA) of 106.65, below the 50-day MA of 107.12, and above the 200-day MA of 101.19, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 44.63 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6721.

Wintest Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6858	84 Outperform	¥6.68B	3.91		1.68%	6.18%	206.74%
6859	79 Outperform	¥64.85B	10.54		4.14%	8.31%	21.11%
6874	79 Outperform	¥19.03B	8.53		1.90%	11.73%	40.03%
6853	76 Outperform	¥14.60B	13.52		4.49%	0.16%	5.68%
Sector *	62 Neutral	£567.74M	23.88	-6.00%	2.37%	3.52%	-29.29%
6844	46 Neutral	¥21.62B	―		3.10%	3.49%	-241.98%
6721	31 Underperform	¥5.56B	―		―	2.37%	-83.58%