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ULVAC
(6728)
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Rating:57Neutral
Price Target:
¥8,145.00
▲(7.74% 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
Low leverage and a growing equity base provide resilience during semiconductor and electronics investment downturns, while preserving flexibility to fund research, equipment development, and customer-support capabilities.
Negative Factors
Operating Margin Compression
The sharp decline in operating profitability indicates weaker earnings efficiency or unfavorable mix and raises uncertainty over how sustainably ULVAC can convert stable gross margins into operating income.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and a growing equity base provide resilience during semiconductor and electronics investment downturns, while preserving flexibility to fund research, equipment development, and customer-support capabilities.
Read all positive factors
ULVAC (6728) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥374.14B
Dividend Yield2.01%
Average Volume (3M)333.87K
Price to Earnings (P/E)22.2
Beta (1Y)1.72
Revenue Growth7.14%
EPS Growth2.56%
CountryJP
Employees6,132
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)347.44
Shares Outstanding49,355,934
10 Day Avg. Volume394,390
30 Day Avg. Volume333,870
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
¥10,440.00Price Target Upside38.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)441.17
Revenue Forecast (FY)¥269.30B
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 Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥1.21T | 18.14 | 11.50% | 1.61% | 6.01% | 28.51% | |
78 Outperform | ¥1.08T | 26.08 | 16.99% | 0.77% | 21.68% | 48.38% | |
72 Outperform | ¥977.27B | 23.02 | 11.31% | 2.11% | 12.48% | 18.44% | |
69 Neutral | ¥726.87B | 41.17 | 4.24% | 1.61% | 9.93% | 23.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥364.21B | 23.82 | ― | 1.61% | -18.36% | -19.56% | |
57 Neutral | ¥374.14B | 22.19 | 5.66% | 1.58% | 7.14% | 2.56% |
* Industrials Sector Average
JP:6728
ULVAC
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ULVAC Corporate Events
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...
ULVAC Finalizes Equity Transfer of Suzhou Subsidiary With Limited Earnings Impact
Jun 26, 2026
ULVAC has completed the transfer of its equity interest in consolidated subsidiary ULVAC Materials (Suzhou) Co., Ltd. to Beijing Fengke Jingsheng Electronic Materials Co., Ltd. on June 25, 2026, as part of a previously announced business integrati...
ULVAC to Spin Off Korean Display Materials Unit for Chinese Joint Venture Integration
Jun 23, 2026
ULVAC will carve out the flat panel display target materials business held by its Korean subsidiary Pure Surface Technology, Ltd. into a newly established company via a human demerger under Korean law. The move is part of a broader integration of ...
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.