Tokyo Electron Limited

WBAG:TOEL Stock Report

Market Cap: €43.5b

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Tokyo Electron Valuation

Is TOEL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TOEL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TOEL (€278.1) is trading above our estimate of fair value (€240.97)

Significantly Below Fair Value: TOEL is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TOEL?

Key metric: As TOEL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TOEL. This is calculated by dividing TOEL's market cap by their current earnings.
What is TOEL's PE Ratio?
PE Ratio12x
EarningsJP¥504.20b
Market CapJP¥6.07t

Price to Earnings Ratio vs Peers

How does TOEL's PE Ratio compare to its peers?

The above table shows the PE ratio for TOEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.5x
KLAC KLA
28.8x13.6%US$85.5b
LRCX Lam Research
23.4x12.3%US$93.5b
AMAT Applied Materials
20.1x7.8%US$144.2b
ASM ASM International
45.8x21.7%€25.2b
TOEL Tokyo Electron
12x7.6%€6.1t

Price-To-Earnings vs Peers: TOEL is good value based on its Price-To-Earnings Ratio (12x) compared to the peer average (40.6x).

Price to Earnings Ratio vs Industry

How does TOEL's PE Ratio compare vs other companies in the European Semiconductor Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TOEL 12.0xIndustry Avg. 14.8xNo. of Companies7PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TOEL is good value based on its Price-To-Earnings Ratio (12x) compared to the European Semiconductor industry average (26.4x)

Price to Earnings Ratio vs Fair Ratio

What is TOEL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TOEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TOEL's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TOEL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€329.40
0%
16.9%€444.31€239.25n/a18
Nov ’25n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Oct ’25n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Sep ’25n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Aug ’25n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Jul ’25n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Jun ’25n/a
€329.40
0%
16.9%€444.31€239.25n/a18
May ’25n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Apr ’25n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Mar ’25n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Feb ’25n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Jan ’25n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Dec ’24n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Nov ’24n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Oct ’24n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Sep ’24n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Aug ’24n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Jul ’24n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Jun ’24n/a
€329.40
0%
16.9%€444.31€239.25n/a18
May ’24n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Apr ’24n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Mar ’24n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Feb ’24n/a
€329.40
0%
16.9%€444.31€239.25n/a18
Jan ’24€278.10
€329.40
+18.4%
16.9%€444.31€239.25n/a18
Dec ’23€325.00
€338.81
+4.3%
16.9%€451.80€243.28n/a18
Nov ’23€273.60
€317.50
+16.0%
21.4%€474.47€191.14n/a19

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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