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ULVAC
(6728)
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Rating:57Neutral
Price Target:
¥9,009.00
▲(19.17% Upside)
Action:Reiterated
Date:08/18/26
Overall score reflects strong underlying financial durability (notably conservative leverage) tempered by inconsistent cash-flow conversion and recently softer operating margins. The largest near-term drag is technical weakness, with the price below key moving averages and negative momentum indicators. Valuation is neutral-to-slightly supportive due to the dividend, but not compelling at the current P/E.
Positive Factors
Conservative balance sheet
Conservative leverage and a larger equity base provide resilience during capital-spending downturns and preserve flexibility for investment, operations, and shareholder returns. This financial cushion is a durable strength for a cyclical equipment supplier exposed to semiconductor and electronics demand.
Negative Factors
Volatile free cash flow
Large swings in free cash flow reduce confidence that accounting profits consistently convert into discretionary cash. Although cash generation improved in 2025–2026, the prior negative periods and 2026 conversion at roughly 57% of net income indicate ongoing investment or working-capital sensitivity.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Conservative leverage and a larger equity base provide resilience during capital-spending downturns and preserve flexibility for investment, operations, and shareholder returns. This financial cushion is a durable strength for a cyclical equipment supplier exposed to semiconductor and electronics demand.
Read all positive factors
ULVAC (6728) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥428.66B
Dividend Yield1.79%
Average Volume (3M)435.73K
Price to Earnings (P/E)24.5
Beta (1Y)1.71
Revenue Growth7.14%
EPS Growth2.58%
CountryJP
Employees5,613
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)347.44
Shares Outstanding49,355,934
10 Day Avg. Volume513,410
30 Day Avg. Volume435,733
Financial Highlights & Ratios
PEG Ratio11.62
Price to Book (P/B)2.11
Price to Sales (P/S)1.89
P/FCF Ratio29.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥9,071.43Price Target Upside19.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)414.45
Revenue Forecast (FY)¥263.26B
ULVAC Business Overview & Revenue Model
Company Description
ULVAC, Inc., established in 1929 and based in Chigasaki, Japan, is a global enterprise specializing in the research, development, production, sale, customer support, and international trade of advanced vacuum equipment, its peripheral devices, and...
How the Company Makes Money
ULVAC makes money primarily by selling vacuum-related capital equipment and associated components used in customers’ manufacturing and R&D processes. Key revenue streams typically include: (1) sales of vacuum manufacturing systems and process equi...
ULVAC Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
81
Very Positive
Cash Flow
58
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 269.13B | 251.18B | 261.12B | 227.53B | 241.26B |
| Gross Profit | 77.73B | 79.86B | 80.66B | 67.16B | 73.74B |
| EBITDA | 30.41B | 38.78B | 39.20B | 29.41B | 38.28B |
| Net Income | 17.09B | 16.69B | 20.23B | 14.17B | 20.21B |
Balance Sheet | |||||
| Total Assets | 414.04B | 375.06B | 388.88B | 353.47B | 354.30B |
| Cash, Cash Equivalents and Short-Term Investments | 117.00B | 105.95B | 96.33B | 98.40B | 118.04B |
| Total Debt | 48.66B | 46.60B | 50.69B | 45.89B | 42.77B |
| Total Liabilities | 164.83B | 143.98B | 160.93B | 148.62B | 157.82B |
| Stockholders Equity | 240.97B | 223.47B | 220.66B | 198.21B | 188.98B |
Cash Flow | |||||
| Free Cash Flow | 17.43B | 23.46B | -2.72B | -15.30B | 26.59B |
| Operating Cash Flow | 30.73B | 34.81B | 17.16B | 1.01B | 33.93B |
| Investing Cash Flow | -11.91B | -10.80B | -19.52B | -15.67B | -7.43B |
| Financing Cash Flow | -8.32B | -14.21B | -2.78B | -5.44B | -6.45B |
ULVAC Technical Analysis
Positive
7560.00
Price Trends
7893.10
Positive
8675.74
Negative
8758.06
Negative
Market Momentum
228.06
Negative
61.94
Neutral
83.41
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6728, the sentiment is Positive. The current price of 7560 is below the 20-day moving average (MA) of 7722.45, below the 50-day MA of 7893.10, and below the 200-day MA of 8758.06, indicating a neutral trend. The MACD of 228.06 indicates Negative momentum. The RSI at 61.94 is Neutral, neither overbought nor oversold. The STOCH value of 83.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6728.
ULVAC Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥1.27T | 18.98 | 12.06% | 1.60% | 6.01% | 28.51% | |
72 Outperform | ¥1.10T | 24.89 | 12.45% | 2.04% | 12.48% | 18.44% | |
69 Neutral | ¥742.94B | 40.05 | 5.39% | 1.62% | 9.93% | 23.82% | |
66 Neutral | ¥1.16T | 27.10 | 17.38% | 0.85% | 21.68% | 48.38% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥427.46B | 26.85 | ― | 1.79% | -18.36% | -19.56% | |
57 Neutral | ¥428.66B | 24.50 | 7.48% | 1.79% | 7.14% | 2.58% |
* Industrials Sector Average
JP:6728
ULVAC
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ULVAC Corporate Events
ULVAC Signals Openness to Reducing Share Investment Units to Attract Individual Investors
Sep 29, 2026
ULVAC, Inc. has outlined its stance on reducing investment unit sizes, stating that lower units can help create a more investment-friendly environment and expand participation by individual investors. The company views this as a means to support b...
ULVAC Completes Minor Impact Spin-Off of Korean Subsidiary Business
Aug 25, 2026
ULVAC, Inc., a TSE Prime Market-listed manufacturer focused on vacuum and advanced industrial technologies, manages a portfolio of specialized subsidiaries to support its global customers in manufacturing and high-tech sectors. The group’s s...
ULVAC Overhauls Executive Pay With New RSU/PSU Stock Plan
Aug 14, 2026
ULVAC has approved a major revision of its executive remuneration system, introducing a post-vesting stock plan using Restricted Stock Units and Performance Share Units for directors who also serve as executive officers, subject to shareholder app...
ULVAC Sets Year-End Dividend at ¥152 Per Share for FY2026
Aug 14, 2026
ULVAC, Inc., a vacuum equipment manufacturer serving semiconductor and electronics-related markets, has reiterated its focus on sustaining shareholder returns while funding research and development and strategic investments. The company aims to ma...
ULVAC Delivers Higher Sales but Lower Margins, Eyes Profit Rebound in FY2027
Aug 14, 2026
ULVAC reported consolidated net sales of ¥269.1 billion for the fiscal year ended June 30, 2026, up 7.1% year on year, while operating profit fell 26.1% to ¥19.6 billion and ordinary profit dropped 30.4% to ¥19.6 billion. Profit att...
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.