OTCPK:LSRC.F

Stock Analysis Report

Executive Summary

Lasertec Corporation develops, manufactures, sells, and services semiconductor-related equipment, energy efficiency and environment products, laser microscopes, and flat panel display-related equipment worldwide.

Snowflake

Fundamentals

Exceptional growth potential with flawless balance sheet.

Risks

  • Lasertec has significant price volatility in the past 3 months.

Share Price & News

How has Lasertec's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:LSRC.F

1.7%

US Semiconductor

1.6%

US Market


1 Year Return

n/a

OTCPK:LSRC.F

-7.4%

US Semiconductor

2.8%

US Market

No trading data on LSRC.F.

No trading data on LSRC.F.


Share holder returns

LSRC.FIndustryMarket
7 Day0%1.7%1.6%
30 Day-25.3%4.6%2.5%
90 Dayn/a-4.5%2.2%
1 Yearn/a-5.7%-7.4%5.0%2.8%
3 Yearn/a84.1%73.4%48.3%38.4%
5 Yearn/a106.6%85.7%57.8%40.3%

Price Volatility Vs. Market

How volatile is Lasertec's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Lasertec undervalued based on future cash flows and its price relative to the stock market?

33.62x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Lasertec's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Lasertec's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Lasertec is overvalued based on earnings compared to the US Semiconductor industry average.

Lasertec is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Lasertec is poor value based on expected growth next year.


Price Based on Value of Assets

Lasertec is overvalued based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Lasertec expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

31.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Lasertec's revenue is expected to grow significantly at over 20% yearly.

Lasertec's earnings are expected to grow significantly at over 20% yearly.

Lasertec's revenue growth is expected to exceed the United States of America market average.

Lasertec's earnings growth is expected to exceed the United States of America market average.

Lasertec's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Lasertec is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Lasertec performed over the past 5 years?

20.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Lasertec has delivered over 20% year on year earnings growth in the past 5 years.

Lasertec's 1-year earnings growth exceeds its 5-year average (25% vs 20.8%)

Lasertec's earnings growth has exceeded the US Semiconductor industry average in the past year (25% vs 22.6%).


Return on Equity

Lasertec has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Lasertec used its assets more efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

Lasertec has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Lasertec's financial position?


Financial Position Analysis

Lasertec is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Lasertec's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Lasertec has no debt.

Lasertec has no debt compared to 5 years ago when it was 4.1%.

Lasertec has no debt, it does not need to be covered by operating cash flow.

Lasertec has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Lasertec has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is Lasertec's current dividend yield, its reliability and sustainability?

1.88%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Lasertec's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Lasertec's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).

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 Lasertec's salary, the management and board of directors tenure and is there insider trading?

9.9yrs

Average management tenure


CEO

Osamu Okabayashi (60yo)

9.9yrs

Tenure

JP¥113,000,000

Compensation

Mr. Osamu Okabayashi has been the President of Lasertec Corporation since July 2009. Mr. Okabayashi served as Managing Director of Lasertec Korea Corporation since September 2005. He served as the Presiden ...


CEO Compensation Analysis

Osamu's remuneration is lower than average for companies of similar size in United States of America.

Insufficient data for Osamu to compare compensation growth.


Management Age and Tenure

9.9yrs

Average Tenure

59yo

Average Age

The average tenure for the Lasertec management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.8yrs

Average Tenure

60.5yo

Average Age

The tenure for the Lasertec board of directors is about average.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Shu Uchiyama (52yo)

    GM of Administrative Division

    • Tenure: 9.9yrs
  • Haruhiko Kusunose (60yo)

    GM of Technology Division

    • Tenure: 9.9yrs
  • Osamu Okabayashi (60yo)

    President & Representative Director

    • Tenure: 9.9yrs
    • Compensation: ¥113.00m
  • Koichi Moriizumi (58yo)

    General Manager of Sales Division & Director

    • Tenure: 2.9yrs

Board Members

  • Osamu Okabayashi (60yo)

    President & Representative Director

    • Tenure: 11.4yrs
    • Compensation: ¥113.00m
  • Takayuki Shimoyama (72yo)

    Outside Director

    • Tenure: 8.8yrs
  • Haruhiko Kusunose (60yo)

    GM of Technology Division

    • Tenure: 9.8yrs
  • Hirokazu Seki (43yo)

    Director

    • Tenure: 3.8yrs
  • Nobuhiko Kajikawa (73yo)

    Outside Director

    • Tenure: 9.8yrs
  • Yuji Saito (71yo)

    External Audit & Supervisory Board Member

    • Tenure: 6.8yrs
  • Takeaki Tsukasaki (61yo)

    Audit & Supervisory Board Member

    • Tenure: 2.7yrs
  • Minoru Ebihara (72yo)

    Outside Director

    • Tenure: 8.8yrs
  • Koichi Moriizumi (58yo)

    General Manager of Sales Division & Director

    • Tenure: 6.8yrs
  • Shu Uchiyama (52yo)

    GM of Administrative Division

    • Tenure: 11.8yrs

Company Information

Lasertec Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lasertec Corporation
  • Ticker: LSRC.F
  • Exchange: OTCPK
  • Founded: 1960
  • Industry: semiconductor equipment
  • Sector: semiconductors
  • Market Cap: JP¥178.327b
  • Listing Market Cap: JP¥1.646b
  • Shares outstanding: 45.09m
  • Website: Click here

Number of Employees


Location

  • Lasertec Corporation
  • 2-10-1 Shin-yokohama
  • Kohoku-ku
  • Yokohama
  • Kanagawa
  • 222-8552
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6920TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
LSRC.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992

Biography

Lasertec Corporation develops, manufactures, sells, and services semiconductor-related equipment, energy efficiency and environment products, laser microscopes, and flat panel display-related equipment wor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/20 00:33
End of Day Share Price2019/05/31 00:00
Earnings2019/03/31
Annual Earnings2018/06/30


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.