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Lasertec
(6920)
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Rating:72Outperform
Price Target:
¥43,534.00
▲(25.75% Upside)
Action:Upgraded
Date:10/16/26
The score is primarily supported by very strong financial performance—elite margins and a fortress balance sheet—tempered by clear signs of cyclical cooling (TTM revenue and free cash flow declining). Technicals are mixed/neutral, and the high P/E with a low dividend yield reduces the valuation contribution.
Positive Factors
Exceptional Profitability
Lasertec’s exceptionally high gross, net, and operating margins indicate substantial earnings power from its precision inspection and measurement business. This profitability provides internal funding for research, product development, and customer support while offering resilience across normal industry cycles.
Negative Factors
Revenue Contraction
The latest revenue decline shows that Lasertec remains exposed to cyclical changes in semiconductor and advanced-node investment. A weaker top line can reduce operating leverage and make recent profitability harder to sustain if customer capital spending remains subdued over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional Profitability
Lasertec’s exceptionally high gross, net, and operating margins indicate substantial earnings power from its precision inspection and measurement business. This profitability provides internal funding for research, product development, and customer support while offering resilience across normal industry cycles.
Read all positive factors
Lasertec (6920) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.37T
Dividend Yield0.88%
Average Volume (3M)4.01M
Price to Earnings (P/E)45.5
Beta (1Y)1.38
Revenue Growth-8.35%
EPS Growth-8.08%
CountryJP
Employees1,335
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)862.69
Shares Outstanding94,286,400
10 Day Avg. Volume4,940,870
30 Day Avg. Volume4,009,630
Financial Highlights & Ratios
PEG Ratio-7.15
Price to Book (P/B)18.08
Price to Sales (P/S)19.36
P/FCF Ratio94.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥50,427.27Price Target Upside45.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)1,127.33
Revenue Forecast (FY)¥301.26B
Lasertec Business Overview & Revenue Model
Company Description
Lasertec Corporation operates globally, specializing in the development, production, sale, and servicing of advanced equipment for the semiconductor industry, flat panel displays, and sophisticated laser microscopes. Within the semiconductor secto...
How the Company Makes Money
Lasertec primarily makes money by selling high-value capital equipment—precision inspection and metrology systems—into the semiconductor manufacturing ecosystem, with a major revenue contribution historically associated with photomask/reticle insp...
Lasertec Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
74
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 230.49B | 251.48B | 213.51B | 152.83B | 90.38B |
| Gross Profit | 136.48B | 148.26B | 107.48B | 84.02B | 47.79B |
| EBITDA | 109.93B | 124.13B | 86.76B | 67.18B | 37.06B |
| Net Income | 77.48B | 84.65B | 59.08B | 46.16B | 24.85B |
Balance Sheet | |||||
| Total Assets | 336.65B | 329.60B | 273.04B | 271.57B | 178.63B |
| Cash, Cash Equivalents and Short-Term Investments | 91.50B | 86.09B | 38.15B | 29.77B | 23.49B |
| Total Debt | 0.00 | 177.00M | 76.00M | 5.04B | 10.02B |
| Total Liabilities | 89.80B | 119.70B | 121.72B | 162.43B | 105.88B |
| Stockholders Equity | 246.85B | 209.90B | 151.31B | 109.14B | 72.75B |
Cash Flow | |||||
| Free Cash Flow | 47.05B | 75.76B | 30.35B | 21.80B | -4.22B |
| Operating Cash Flow | 48.54B | 77.87B | 33.32B | 40.55B | -3.46B |
| Investing Cash Flow | -1.88B | -2.42B | -3.57B | -20.57B | -5.39B |
| Financing Cash Flow | -43.18B | -24.57B | -23.14B | -15.56B | 2.15B |
Lasertec Technical Analysis
Negative
34620.00
Price Trends
38590.20
Negative
41632.81
Negative
38931.79
Negative
Market Momentum
-342.41
Positive
41.44
Neutral
15.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6920, the sentiment is Negative. The current price of 34620 is below the 20-day moving average (MA) of 42594.00, below the 50-day MA of 38590.20, and below the 200-day MA of 38931.79, indicating a bearish trend. The MACD of -342.41 indicates Positive momentum. The RSI at 41.44 is Neutral, neither overbought nor oversold. The STOCH value of 15.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6920.
Lasertec Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥21.67T | 52.68 | 58.91% | 0.21% | 36.20% | 104.76% | |
77 Outperform | ¥2.08T | 25.78 | 18.49% | 1.30% | -5.60% | -10.68% | |
74 Outperform | ¥21.20T | 6.94 | 30.21% | 4.84% | 8.25% | 16.50% | |
73 Outperform | ¥608.75B | 23.92 | 14.14% | 2.04% | 13.77% | 3.10% | |
72 Outperform | ¥3.37T | 45.50 | 34.29% | 0.88% | -8.35% | -8.08% | |
67 Neutral | ¥5.25T | 33.94 | 27.34% | 1.13% | 22.16% | 26.52% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:6920
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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.