LASERTEC CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 40,670 JPY | +2.31% |
|
+19.34% | +9.42% |
| May. 01 | Fed Outlook Caps Asian Stock Markets in Holiday-Thinned Trading | MT |
| May. 01 | Japan's Nikkei edges lower as investors await Fed decision | RE |
Valuation
| Fiscal Period: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 192,530 | 916,208 | 1,946,941 | 1,456,418 | 1,945,716 | 3,667,925 | - | - |
| Enterprise Value (EV) 1 | 179,344 | 891,484 | 1,919,023 | 1,442,924 | 1,920,943 | 3,628,629 | 3,600,574 | 3,559,872 |
| P/E ratio | 32.4 x | 84.7 x | 101 x | 58.6 x | 42.1 x | 68.8 x | 44 x | 34.5 x |
| Yield | 1.1% | 0.57% | 0.35% | 0.6% | 0.83% | 0.51% | 0.78% | 0.99% |
| Capitalization / Revenue | 6.69 x | 21.5 x | 27.7 x | 16.1 x | 12.7 x | 18.2 x | 13.6 x | 11.1 x |
| EV / Revenue | 6.23 x | 20.9 x | 27.3 x | 16 x | 12.6 x | 18.1 x | 13.4 x | 10.8 x |
| EV / EBITDA | 21.2 x | 55.9 x | 69.2 x | 40.1 x | 29.2 x | 44.3 x | 30.1 x | 24.1 x |
| EV / FCF | 37.3 x | 61.7 x | 283 x | -163 x | 96 x | 97.1 x | 92.1 x | 50.3 x |
| FCF Yield | 2.68% | 1.62% | 0.35% | -0.61% | 1.04% | 1.03% | 1.09% | 1.99% |
| Price to Book | 6.19 x | 23.4 x | 35.3 x | 20 x | 17.8 x | 25.7 x | 18.7 x | 13.6 x |
| Nbr of stocks (in thousands) | 90,178 | 90,178 | 90,178 | 90,181 | 90,184 | 90,187 | - | - |
| Reference price 2 | 2,135 | 10,160 | 21,590 | 16,150 | 21,575 | 40,670 | 40,670 | 40,670 |
| Announcement Date | 8/7/19 | 8/5/20 | 8/6/21 | 8/5/22 | 8/7/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 28,770 | 42,572 | 70,248 | 90,378 | 152,832 | 201,027 | 269,291 | 330,064 |
| EBITDA 1 | 8,441 | 15,943 | 27,717 | 35,975 | 65,773 | 81,840 | 119,589 | 147,581 |
| EBIT 1 | 7,941 | 15,062 | 26,074 | 32,492 | 62,287 | 73,287 | 113,860 | 144,581 |
| Operating Margin | 27.6% | 35.38% | 37.12% | 35.95% | 40.76% | 36.46% | 42.28% | 43.8% |
| Earnings before Tax (EBT) 1 | 7,834 | 15,115 | 26,439 | 33,582 | 63,668 | 73,765 | 113,063 | 142,500 |
| Net income 1 | 5,934 | 10,824 | 19,250 | 24,850 | 46,164 | 53,520 | 83,644 | 106,228 |
| Net margin | 20.63% | 25.42% | 27.4% | 27.5% | 30.21% | 26.62% | 31.06% | 32.18% |
| EPS 2 | 65.80 | 120.0 | 213.5 | 275.6 | 511.9 | 591.3 | 925.0 | 1,178 |
| Free Cash Flow 1 | 4,805 | 14,448 | 6,785 | -8,852 | 20,003 | 37,375 | 39,100 | 70,841 |
| FCF margin | 16.7% | 33.94% | 9.66% | -9.79% | 13.09% | 18.59% | 14.52% | 21.46% |
| FCF Conversion (EBITDA) | 56.93% | 90.62% | 24.48% | - | 30.41% | 45.67% | 32.7% | 48% |
| FCF Conversion (Net income) | 80.98% | 133.49% | 35.25% | - | 43.33% | 69.83% | 46.75% | 66.69% |
| Dividend per Share 2 | 23.50 | 58.00 | 75.00 | 97.00 | 180.0 | 205.7 | 318.7 | 403.9 |
| Announcement Date | 8/7/19 | 8/5/20 | 8/6/21 | 8/5/22 | 8/7/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 S2 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 19,949 | 22,623 | 32,231 | 38,017 | 9,111 | 27,819 | 36,930 | 16,636 | 36,812 | 53,448 | 25,723 | 29,377 | 55,100 | 24,330 | 73,402 | 97,732 | 47,305 | 47,684 | 94,989 | 62,213 | 53,424 | 110,708 | 57,624 | 68,225 | 109,480 | 70,732 | 137,522 | - | - |
| EBITDA 1 | - | - | - | - | 2,868 | - | - | 4,615 | 16,847 | - | 9,206 | 10,539 | - | 10,256 | - | - | 11,357 | 22,614 | - | 27,615 | 27,548 | - | 26,235 | 36,620 | - | 40,200 | - | - | - |
| EBIT 1 | 7,989 | 7,073 | 12,057 | 14,017 | 2,019 | 10,784 | 12,804 | 3,739 | 15,949 | 19,688 | 8,508 | 9,616 | 18,124 | 9,348 | 34,815 | 44,163 | 10,279 | 21,473 | 31,752 | 26,358 | 19,106 | 43,830 | 21,921 | 27,129 | 34,820 | 29,003 | 65,614 | - | - |
| Operating Margin | 40.05% | 31.26% | 37.41% | 36.87% | 22.17% | 38.77% | 34.67% | 22.48% | 43.33% | 36.84% | 33.08% | 32.73% | 32.89% | 38.42% | 47.43% | 45.19% | 21.73% | 45.03% | 33.43% | 42.37% | 35.76% | 39.59% | 38.04% | 39.76% | 31.81% | 41% | 47.71% | - | - |
| Earnings before Tax (EBT) 1 | 7,948 | 7,167 | 11,824 | 14,615 | 2,145 | 10,978 | 13,123 | 4,157 | 16,302 | 20,459 | 9,238 | 8,870 | 18,108 | 9,867 | 35,693 | 45,560 | 10,929 | 20,373 | 31,302 | 27,391 | 15,808 | 47,070 | 25,600 | 27,400 | 41,891 | 36,000 | 59,479 | - | - |
| Net income 1 | 5,594 | 5,230 | 8,362 | 10,888 | 1,568 | 8,168 | 9,736 | 3,265 | 11,849 | 15,114 | 6,731 | 6,851 | 13,582 | 7,134 | 25,448 | 32,582 | 7,702 | 14,496 | 22,198 | 19,323 | 15,390 | 32,527 | 15,284 | 20,341 | 25,822 | 23,057 | 49,192 | - | - |
| Net margin | 28.04% | 23.12% | 25.94% | 28.64% | 17.21% | 29.36% | 26.36% | 19.63% | 32.19% | 28.28% | 26.17% | 23.32% | 24.65% | 29.32% | 34.67% | 33.34% | 16.28% | 30.4% | 23.37% | 31.06% | 28.81% | 29.38% | 26.52% | 29.81% | 23.59% | 32.6% | 35.77% | - | - |
| EPS 2 | 62.03 | - | 92.73 | 120.7 | 17.39 | 90.57 | 108.0 | 36.21 | 131.4 | 167.6 | 74.64 | 75.97 | 150.6 | 79.11 | 282.2 | 361.3 | 85.40 | 160.8 | 246.2 | 214.2 | 177.0 | 355.0 | 157.5 | 187.6 | 278.8 | 201.8 | 534.7 | - | - |
| Dividend per Share | 15.50 | - | 20.00 | 55.00 | - | 32.00 | 32.00 | - | 65.00 | 65.00 | - | 52.00 | 52.00 | - | 128.0 | 128.0 | - | 73.00 | 73.00 | - | 103.6 | 118.0 | - | 138.6 | 115.0 | - | 179.5 | 180.0 | 219.0 |
| Announcement Date | 2/3/20 | 8/5/20 | 2/1/21 | 8/6/21 | 10/29/21 | 1/31/22 | 1/31/22 | 4/28/22 | 8/5/22 | 8/5/22 | 10/31/22 | 1/31/23 | 1/31/23 | 4/28/23 | 8/7/23 | 8/7/23 | 10/31/23 | 1/31/24 | 1/31/24 | 4/30/24 | - | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 13,186 | 24,723 | 27,918 | 13,495 | 24,773 | 39,295 | 67,350 | 108,053 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 4,805 | 14,448 | 6,785 | -8,852 | 20,003 | 37,375 | 39,100 | 70,841 |
| ROE (net income / shareholders' equity) | 20.4% | 30.8% | 40.8% | 38.9% | 50.8% | 41.9% | 49.5% | 47% |
| ROA (Net income/ Total Assets) | 17.8% | 22.9% | 26.4% | 22.6% | 28.3% | 22.6% | 25.5% | 28.1% |
| Assets 1 | 33,395 | 47,207 | 73,002 | 110,018 | 163,215 | 236,963 | 328,513 | 378,107 |
| Book Value Per Share 2 | 345.0 | 434.0 | 612.0 | 806.0 | 1,210 | 1,584 | 2,174 | 2,984 |
| Cash Flow per Share 2 | 71.30 | 130.0 | 232.0 | 314.0 | 551.0 | 644.0 | 865.0 | 996.0 |
| Capex 1 | 897 | 1,178 | 3,639 | 5,420 | 20,545 | 1,988 | 3,963 | 4,471 |
| Capex / Sales | 3.12% | 2.77% | 5.18% | 6% | 13.44% | 0.99% | 1.47% | 1.35% |
| Announcement Date | 8/7/19 | 8/5/20 | 8/6/21 | 8/5/22 | 8/7/23 | - | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
40,670
JPY
Average target price
39,286
JPY
Spread / Average Target
-3.40%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.42% | 23.99B | |
| +19.83% | 93.79B | |
| +6.46% | 24.66B | |
| +10.98% | 18.42B | |
| -9.26% | 4.39B | |
| -3.87% | 3.63B | |
| +10.13% | 3.54B | |
| -22.74% | 2.54B | |
| -1.74% | 1.19B | |
| +17.18% | 1.09B |
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