Lasertec Corporation

TSE:6920 Stock Report

Market Cap: JP¥1.6t

Lasertec Valuation

Is 6920 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 6920 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6920 (¥17280) is trading below our estimate of fair value (¥18645.7)

Significantly Below Fair Value: 6920 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6920?

Key metric: As 6920 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6920. This is calculated by dividing 6920's market cap by their current earnings.
What is 6920's PE Ratio?
PE Ratio25.8x
EarningsJP¥60.30b
Market CapJP¥1.57t

Price to Earnings Ratio vs Peers

How does 6920's PE Ratio compare to its peers?

The above table shows the PE ratio for 6920 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.4x
7735 SCREEN Holdings
9.6x6.7%JP¥794.8b
6146 Disco
43.8x15.4%JP¥4.6t
6525 Kokusai Electric
16.1x17.2%JP¥507.6b
6323 Rorze
12.1x4.6%JP¥310.6b
6920 Lasertec
25.8x15.4%JP¥1.6t

Price-To-Earnings vs Peers: 6920 is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the peer average (20.4x).

Price to Earnings Ratio vs Industry

How does 6920's PE Ratio compare vs other companies in the JP Semiconductor Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
3856 Abalance
1.5xn/aUS$92.46m
No more companies available in this PE range
6920 25.8xIndustry Avg. 13.7xNo. of Companies7PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6920 is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the JP Semiconductor industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is 6920'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.

6920 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.8x
Fair PE Ratio24.4x

Price-To-Earnings vs Fair Ratio: 6920 is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the estimated Fair Price-To-Earnings Ratio (24.4x).

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 6920 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥17,275.00
JP¥27,857.80
+61.3%
27.2%JP¥43,267.00JP¥15,000.00n/a15
Nov ’25JP¥19,615.00
JP¥30,177.80
+53.9%
24.6%JP¥43,267.00JP¥18,100.00n/a15
Oct ’25JP¥23,935.00
JP¥34,628.23
+44.7%
19.6%JP¥43,267.00JP¥19,000.00n/a13
Sep ’25JP¥28,080.00
JP¥35,440.50
+26.2%
15.4%JP¥43,267.00JP¥23,000.00n/a14
Aug ’25JP¥25,340.00
JP¥37,723.08
+48.9%
18.8%JP¥50,000.00JP¥23,000.00n/a13
Jul ’25JP¥34,650.00
JP¥39,769.23
+14.8%
17.6%JP¥50,000.00JP¥23,000.00n/a13
Jun ’25JP¥40,490.00
JP¥39,615.38
-2.2%
17.5%JP¥50,000.00JP¥23,000.00n/a13
May ’25JP¥39,750.00
JP¥39,384.62
-0.9%
18.2%JP¥50,000.00JP¥23,000.00n/a13
Apr ’25JP¥41,000.00
JP¥37,842.31
-7.7%
18.2%JP¥46,600.00JP¥23,000.00n/a13
Mar ’25JP¥40,800.00
JP¥35,717.86
-12.5%
21.1%JP¥46,300.00JP¥22,500.00n/a14
Feb ’25JP¥37,780.00
JP¥33,932.14
-10.2%
20.0%JP¥43,500.00JP¥22,500.00n/a14
Jan ’25JP¥37,170.00
JP¥30,525.00
-17.9%
21.9%JP¥38,800.00JP¥21,000.00n/a12
Dec ’24JP¥34,040.00
JP¥29,446.15
-13.5%
20.5%JP¥38,800.00JP¥21,000.00n/a13
Nov ’24JP¥27,180.00
JP¥26,384.29
-2.9%
17.2%JP¥32,800.00JP¥19,500.00JP¥19,615.0014
Oct ’24JP¥23,270.00
JP¥25,577.14
+9.9%
17.9%JP¥32,500.00JP¥19,000.00JP¥23,935.0014
Sep ’24JP¥22,800.00
JP¥25,991.43
+14.0%
20.0%JP¥35,000.00JP¥19,000.00JP¥28,080.0014
Aug ’24JP¥22,070.00
JP¥25,755.71
+16.7%
19.2%JP¥35,000.00JP¥19,000.00JP¥25,340.0014
Jul ’24JP¥21,575.00
JP¥25,477.50
+18.1%
18.5%JP¥35,000.00JP¥18,500.00JP¥34,650.0014
Jun ’24JP¥22,150.00
JP¥26,530.77
+19.8%
17.9%JP¥35,000.00JP¥19,000.00JP¥40,490.0013
May ’24JP¥17,795.00
JP¥26,300.00
+47.8%
20.8%JP¥36,000.00JP¥15,000.00JP¥39,750.0013
Apr ’24JP¥23,280.00
JP¥27,046.15
+16.2%
19.7%JP¥36,000.00JP¥15,000.00JP¥41,000.0013
Mar ’24JP¥21,870.00
JP¥26,907.69
+23.0%
21.0%JP¥36,000.00JP¥15,000.00JP¥40,800.0013
Feb ’24JP¥22,020.00
JP¥26,116.67
+18.6%
20.4%JP¥33,000.00JP¥15,000.00JP¥37,780.0012
Jan ’24JP¥21,745.00
JP¥24,958.33
+14.8%
22.9%JP¥34,000.00JP¥15,000.00JP¥37,170.0012
Dec ’23JP¥26,450.00
JP¥24,800.00
-6.2%
23.2%JP¥34,000.00JP¥15,000.00JP¥34,040.0012
Nov ’23JP¥21,385.00
JP¥23,334.62
+9.1%
19.1%JP¥32,000.00JP¥15,000.00JP¥27,180.0013

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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