TOKYO ELECTRON LIMIT

8035
End-of-day quote. End-of-day quote  - 03/05
41480JPY -2.47%

Tokyo Electron Limited : Big comeback of buyers

02/23/2021 | 02:50am
Jordan Dufee
Senior Analyst

Strategy published on : 02/23/2021 | 02:50

long trade
Live

Entry price : 46300¥
Target : 58000¥
Stop-loss : 39000¥
Potential : 25.27%

Tokyo Electron Limited shares have recently experienced an upward movement with a return of higher volumes and volatility. This technical chart pattern suggests a continuation of the upward movement.
Investors have an opportunity to buy the stock and target the ¥ 58000.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● Growth is a substantial asset for the company, as anticipated by dedicated analysts. Within the next three years, growth is estimated to reach 42% by 2023.

● The group's high margin levels account for strong profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● The group usually releases upbeat results with huge surprise rates.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The stock is in a well-established, long-term rising trend above the technical support level at 27900 JPY


Weaknesses

● With an enterprise value anticipated at 5.15 times the sales for the current fiscal year, the company turns out to be overvalued.

● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.

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