ULVAC, Inc.

TSE:6728 Stock Report

Market Cap: JP¥310.6b

ULVAC Valuation

Is 6728 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 6728 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6728 (¥6305) is trading below our estimate of fair value (¥24567.72)

Significantly Below Fair Value: 6728 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6728?

Key metric: As 6728 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6728. This is calculated by dividing 6728's market cap by their current earnings.
What is 6728's PE Ratio?
PE Ratio13.6x
EarningsJP¥22.83b
Market CapJP¥310.63b

Price to Earnings Ratio vs Peers

How does 6728's PE Ratio compare to its peers?

The above table shows the PE ratio for 6728 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.2x
7729 Tokyo Seimitsu
12.6x9.4%JP¥307.0b
6323 Rorze
12.2x4.6%JP¥312.0b
3436 Sumco
21.5x30.4%JP¥455.1b
6055 JAPAN MATERIAL
26.6x20.5%JP¥167.9b
6728 ULVAC
13.6x17.8%JP¥310.6b

Price-To-Earnings vs Peers: 6728 is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

How does 6728's PE Ratio compare vs other companies in the JP Semiconductor Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
3856 Abalance
2xn/aUS$91.09m
No more companies available in this PE range
6728 13.6xIndustry Avg. 13.7xNo. of Companies7PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6728 is good value based on its Price-To-Earnings Ratio (13.6x) compared to the JP Semiconductor industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is 6728'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.

6728 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: 6728 is good value based on its Price-To-Earnings Ratio (13.6x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).

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 6728 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥6,305.00
JP¥11,635.71
+84.5%
11.5%JP¥13,500.00JP¥9,700.00n/a7
Nov ’25JP¥7,038.00
JP¥12,178.57
+73.0%
11.9%JP¥14,050.00JP¥10,000.00n/a7
Oct ’25JP¥7,780.00
JP¥13,035.71
+67.6%
6.8%JP¥14,050.00JP¥12,000.00n/a7
Sep ’25JP¥8,147.00
JP¥13,035.71
+60.0%
6.8%JP¥14,050.00JP¥12,000.00n/a7
Aug ’25JP¥8,952.00
JP¥12,878.57
+43.9%
9.4%JP¥14,050.00JP¥10,700.00n/a7
Jul ’25JP¥10,485.00
JP¥12,878.57
+22.8%
9.4%JP¥14,050.00JP¥10,700.00n/a7
Jun ’25JP¥11,200.00
JP¥12,150.00
+8.5%
9.6%JP¥14,050.00JP¥10,700.00n/a7
May ’25JP¥9,646.00
JP¥11,114.29
+15.2%
7.4%JP¥12,000.00JP¥9,800.00n/a7
Apr ’25JP¥9,679.00
JP¥10,075.71
+4.1%
12.5%JP¥12,000.00JP¥7,500.00n/a7
Mar ’25JP¥9,496.00
JP¥9,196.25
-3.2%
18.1%JP¥12,000.00JP¥6,770.00n/a8
Feb ’25JP¥7,345.00
JP¥7,600.00
+3.5%
9.4%JP¥8,500.00JP¥5,900.00n/a8
Jan ’25JP¥6,738.00
JP¥7,657.14
+13.6%
5.0%JP¥8,500.00JP¥7,200.00n/a7
Dec ’24JP¥6,498.00
JP¥7,387.50
+13.7%
9.0%JP¥8,500.00JP¥5,900.00n/a8
Nov ’24JP¥5,278.00
JP¥7,012.50
+32.9%
8.9%JP¥7,900.00JP¥5,900.00JP¥7,038.008
Oct ’24JP¥5,395.00
JP¥7,075.00
+31.1%
9.8%JP¥8,000.00JP¥5,900.00JP¥7,780.008
Sep ’24JP¥5,720.00
JP¥7,087.50
+23.9%
9.8%JP¥8,000.00JP¥5,900.00JP¥8,147.008
Aug ’24JP¥6,125.00
JP¥7,112.50
+16.1%
11.9%JP¥8,000.00JP¥5,200.00JP¥8,952.008
Jul ’24JP¥6,092.00
JP¥7,112.50
+16.8%
11.9%JP¥8,000.00JP¥5,200.00JP¥10,485.008
Jun ’24JP¥5,710.00
JP¥7,183.33
+25.8%
11.0%JP¥8,000.00JP¥5,200.00JP¥11,200.009
May ’24JP¥5,410.00
JP¥7,272.22
+34.4%
13.4%JP¥8,600.00JP¥5,200.00JP¥9,646.009
Apr ’24JP¥5,750.00
JP¥7,681.25
+33.6%
7.2%JP¥8,600.00JP¥6,800.00JP¥9,679.008
Mar ’24JP¥5,310.00
JP¥7,725.00
+45.5%
7.3%JP¥8,600.00JP¥6,800.00JP¥9,496.008
Feb ’24JP¥5,980.00
JP¥7,775.00
+30.0%
6.3%JP¥8,600.00JP¥6,900.00JP¥7,345.008
Jan ’24JP¥5,560.00
JP¥7,475.00
+34.4%
10.8%JP¥8,600.00JP¥6,200.00JP¥6,738.008
Dec ’23JP¥6,090.00
JP¥7,457.14
+22.4%
11.7%JP¥8,600.00JP¥6,200.00JP¥6,498.007
Nov ’23JP¥5,870.00
JP¥7,414.29
+26.3%
12.9%JP¥8,600.00JP¥5,700.00JP¥5,278.007

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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