Advantest
Market Cap
US$932.3b
Last Updated
2019/09/20 23:31 UTC
Data Sources
Company Financials +
Executive Summary
Advantest Corporation manufactures and sells semiconductor and component test system products and mechatronics-related products.
Snowflake
Fundamentals
Outstanding track record with flawless balance sheet.
Risks
- Advantest has significant price volatility in the past 3 months.
Similar Companies
Share Price & News
How has Advantest's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.5%
ATEY.Y
-2.5%
US Semiconductor
-0.6%
US Market
1 Year Return
110.2%
ATEY.Y
7.5%
US Semiconductor
0.6%
US Market
ATEY.Y outperformed the Semiconductor industry which returned 9.4% over the past year.
ATEY.Y outperformed the Market in United States of America which returned 1.1% over the past year.
Share holder returns
| ATEY.Y | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | -2.5% | -0.6% |
| 30 Day | 14.1% | 3.2% | 2.2% |
| 90 Day | 73.1% | 10.1% | 1.1% |
| 1 Year | 110.2%110.2% | 9.6%7.5% | 2.9%0.6% |
| 3 Year | 228.6%228.6% | 79.9%69.3% | 44.6%35.2% |
| 5 Year | 245.0%245.0% | 119.3%97.0% | 61.9%44.2% |
Price Volatility Vs. Market
How volatile is Advantest's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Advantest undervalued based on future cash flows and its price relative to the stock market?
16.46x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Advantest's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Advantest's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Advantest is good value based on earnings compared to the US Semiconductor industry average.
Advantest is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
Advantest is poor value based on expected growth next year.
Price Based on Value of Assets
Advantest is overvalued based on assets compared to the US Semiconductor industry average.
Next Steps
Future Growth
How is Advantest expected to perform in the next 1 to 3 years based on estimates from 12 analysts?
12.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Advantest's revenue is expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
Advantest's earnings are expected to grow by 12.1% yearly, however this is not considered high growth (20% yearly).
Advantest's revenue growth is positive but not above the United States of America market average.
Advantest's earnings growth is positive but not above the United States of America market average.
Advantest's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Advantest is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has Advantest performed over the past 5 years?
52.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Advantest has delivered over 20% year on year earnings growth in the past 5 years.
Advantest's 1-year earnings growth exceeds its 5-year average (78% vs 52.9%)
Advantest's earnings growth has exceeded the US Semiconductor industry average in the past year (78% vs -6.2%).
Return on Equity
Advantest has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
Return on Assets
Advantest used its assets more efficiently than the US Semiconductor industry average last year based on Return on Assets.
Return on Capital Employed
Advantest has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Advantest's financial position?
Financial Position Analysis
Advantest is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Advantest's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Advantest has no debt.
Advantest has no debt compared to 5 years ago when it was 48%.
Advantest has no debt, it does not need to be covered by operating cash flow.
Advantest has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
High level of physical assets or inventory.
Advantest has no debt, it does not need to be covered by short term assets.
Next Steps
Dividend
What is Advantest's current dividend yield, its reliability and sustainability?
1.44%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Advantest's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
Advantest's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of Advantest's salary, the management and board of directors tenure and is there insider trading?
5.3yrs
Average management tenure
CEO
Yoshiaki Yoshida (61yo)
2.7yrs
Tenure
Mr. Yoshiaki Yoshida has been the Chief Executive Officer and President at Advantest Corporation since January 26, 2017. Mr. Yoshida served as the Managing Executive Officer of Corporate Planning & Corpora ...
Management Age and Tenure
5.3yrs
Average Tenure
59yo
Average Age
The average tenure for the Advantest management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
2.3yrs
Average Tenure
61yo
Average Age
The average tenure for the Advantest board of directors is less than 3 years, this suggests a new board.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Hans-Juergen Wagner (59yo)
Managing Executive Officer & Director
- Tenure: 2.3yrs
Yoshiaki Yoshida (61yo)
CEO, President & Representative Director
- Tenure: 2.7yrs
Soichi Tsukakoshi (59yo)
Executive VP of Production Group
- Tenure: 2.3yrs
Makoto Nakahara (60yo)
Senior VP of Sales Group & Executive Officer
- Tenure: 8.3yrs
Toshiyuki Okayasu (57yo)
Executive VP of New Concept Product Initiative & Managing Executive Officer
- Tenure: 0.7yrs
Kazuhiro Yamashita (58yo)
Managing Executive Officer
- Tenure: 7.3yrs
Isao Sasaki
Executive VP of Quality Assurance Group & Managing Executive Officer
- Tenure: 5.3yrs
Keith Hardwick
Global HR Executive VP & Managing Executive Officer
- Tenure: 0yrs
Kimiya Sakamoto
Executive VP of Sales Group & Managing Executive Officer
- Tenure: 0.7yrs
Atsushi Fujita (60yo)
CFO, Executive VP of Corporate Administration Group
- Tenure: 0.3yrs
Board Members
Yuichi Kurita (70yo)
Director
- Tenure: 4.3yrs
Osamu Karatsu (72yo)
Outside Director
- Tenure: 7.3yrs
Shinichiro Kuroe (60yo)
Senior Executive Advisor
- Tenure: 6.3yrs
Hans-Juergen Wagner (59yo)
Managing Executive Officer & Director
- Tenure: 2.3yrs
Yoshiaki Yoshida (61yo)
CEO, President & Representative Director
- Tenure: 2.7yrs
Soichi Tsukakoshi (59yo)
Executive VP of Production Group
- Tenure: 2.3yrs
Toshimitsu Urabe (65yo)
Outside Director
- Tenure: 0.3yrs
Atsushi Fujita (60yo)
CFO, Executive VP of Corporate Administration Group
- Tenure: 0.3yrs
Tsuneko Murata (61yo)
Outside Director
- Tenure: 1.3yrs
Kouichi Nanba (70yo)
Outside Director
- Tenure: 0.3yrs
Company Information
Advantest Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Advantest Corporation
- Ticker: ATEY.Y
- Exchange: OTCPK
- Founded: 1954
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: JP¥932.251b
- Listing Market Cap: JP¥8.637b
- Shares outstanding: 197.93m
- Website: https://www.advantest.com
Number of Employees
Location
- Advantest Corporation
- Shin Marunouchi Center Building
- 1-6-2, Marunouchi
- Tokyo
- 100-0005
- Japan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 6857 | TSE (The Tokyo Stock Exchange) | Yes | Ordinary Shares | JP | JPY | Jan 1992 |
| ADTT.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| VAN | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| ATEY.Y | OTCPK (Pink Sheets LLC) | SPON ADR EACH REP 1 ORD SHS | US | USD | Sep 2001 | |
| VANA | DB (Deutsche Boerse AG) | SPON ADR EACH REP 1 ORD SHS | DE | EUR | Sep 2001 |
Biography
Advantest Corporation manufactures and sells semiconductor and component test system products and mechatronics-related products. It operates through Semiconductor and Component Test System; Mechatronics Sy ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/20 23:31 |
| End of Day Share Price | 2019/09/20 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.