Tokyo Electron Limited

TSE:8035 Stock Report

Market Cap: JP¥10.2t

Tokyo Electron Valuation

Is 8035 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 8035 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8035 (¥23280) is trading below our estimate of fair value (¥26264.9)

Significantly Below Fair Value: 8035 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 8035?

Other financial metrics that can be useful for relative valuation.

8035 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.9x
Enterprise Value/EBITDA16.5x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does 8035's PE Ratio compare to its peers?

The above table shows the PE ratio for 8035 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.7x
6857 Advantest
60.4x20.9%JP¥4.3t
6146 Disco
39.4x17.6%JP¥3.8t
6920 Lasertec
35x20.0%JP¥2.0t
7735 SCREEN Holdings
12.2x8.7%JP¥966.9b
8035 Tokyo Electron
25.2x16.5%JP¥10.2t

Price-To-Earnings vs Peers: 8035 is good value based on its Price-To-Earnings Ratio (25.2x) compared to the peer average (36.7x).

Price to Earnings Ratio vs Industry

How does 8035's PE Ratio compare vs other companies in the JP Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a17.4%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a17.4%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: 8035 is expensive based on its Price-To-Earnings Ratio (25.2x) compared to the JP Semiconductor industry average (15x).

Price to Earnings Ratio vs Fair Ratio

What is 8035'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.

8035 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.2x
Fair PE Ratio28.8x

Price-To-Earnings vs Fair Ratio: 8035 is good value based on its Price-To-Earnings Ratio (25.2x) compared to the estimated Fair Price-To-Earnings Ratio (28.8x).

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 8035 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥23,280.00
JP¥36,835.11
+58.2%
14.5%JP¥47,100.00JP¥29,500.00n/a19
Sep ’25JP¥25,805.00
JP¥36,993.00
+43.4%
14.7%JP¥47,100.00JP¥29,500.00n/a19
Aug ’25JP¥30,740.00
JP¥40,482.47
+31.7%
13.2%JP¥48,500.00JP¥30,000.00n/a19
Jul ’25JP¥34,820.00
JP¥40,387.74
+16.0%
14.3%JP¥48,500.00JP¥30,000.00n/a19
Jun ’25JP¥33,630.00
JP¥39,756.16
+18.2%
16.5%JP¥48,500.00JP¥24,000.00n/a19
May ’25JP¥34,940.00
JP¥39,203.53
+12.2%
15.9%JP¥48,200.00JP¥24,000.00n/a19
Apr ’25JP¥38,300.00
JP¥38,871.95
+1.5%
15.6%JP¥48,200.00JP¥24,000.00n/a19
Mar ’25JP¥38,380.00
JP¥35,023.35
-8.7%
20.6%JP¥45,000.00JP¥21,000.00n/a20
Feb ’25JP¥27,640.00
JP¥27,755.26
+0.4%
12.0%JP¥33,000.00JP¥21,000.00n/a19
Jan ’25JP¥25,255.00
JP¥25,536.84
+1.1%
16.7%JP¥30,000.00JP¥15,000.00n/a19
Dec ’24JP¥23,850.00
JP¥23,661.65
-0.8%
20.1%JP¥29,000.00JP¥13,333.00n/a20
Nov ’24JP¥20,390.00
JP¥22,216.65
+9.0%
17.3%JP¥26,000.00JP¥13,333.00n/a20
Oct ’24JP¥20,440.00
JP¥21,941.65
+7.3%
17.8%JP¥26,000.00JP¥13,333.00n/a20
Sep ’24JP¥21,435.00
JP¥21,375.42
-0.3%
18.7%JP¥26,000.00JP¥13,333.00JP¥25,805.0019
Aug ’24JP¥21,845.00
JP¥20,828.05
-4.7%
17.3%JP¥26,000.00JP¥13,333.00JP¥30,740.0019
Jul ’24JP¥20,560.00
JP¥20,569.44
+0.05%
16.1%JP¥26,000.00JP¥14,000.00JP¥34,820.0018
Jun ’24JP¥19,735.00
JP¥19,018.65
-3.6%
14.5%JP¥23,000.00JP¥14,000.00JP¥33,630.0017
May ’24JP¥15,500.00
JP¥17,725.47
+14.4%
12.9%JP¥21,700.00JP¥13,333.33JP¥34,940.0017
Apr ’24JP¥16,040.00
JP¥19,521.53
+21.7%
49.3%JP¥57,000.00JP¥13,333.33JP¥38,300.0017
Mar ’24JP¥15,856.67
JP¥17,203.70
+8.5%
12.2%JP¥21,666.67JP¥13,333.33JP¥38,380.0018
Feb ’24JP¥15,376.67
JP¥16,467.22
+7.1%
15.4%JP¥21,666.67JP¥11,666.67JP¥27,640.0018
Jan ’24JP¥12,960.00
JP¥16,062.96
+23.9%
16.9%JP¥21,666.67JP¥11,666.67JP¥25,255.0018
Dec ’23JP¥15,633.33
JP¥16,248.15
+3.9%
16.9%JP¥21,666.67JP¥11,666.67JP¥23,850.0018
Nov ’23JP¥13,233.33
JP¥15,614.04
+18.0%
21.4%JP¥23,333.33JP¥9,400.00JP¥20,390.0019
Oct ’23JP¥11,900.00
JP¥17,471.74
+46.8%
18.7%JP¥23,333.33JP¥9,766.67JP¥20,440.0019
Sep ’23JP¥14,226.67
JP¥18,249.82
+28.3%
17.7%JP¥23,333.33JP¥9,766.67JP¥21,435.0020

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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