Tokyo Electron Limited

OTCPK:TOEL.F Stock Report

Market Cap: US$66.6b

Tokyo Electron Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: TOEL.F ($146.58) is trading below our estimate of fair value ($154.89)

Significantly Below Fair Value: TOEL.F 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 TOEL.F?

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

The above table shows the Price to Earnings ratio for TOEL.F. This is calculated by dividing TOEL.F's market cap by their current earnings.
What is TOEL.F's PE Ratio?
PE Ratio21.9x
EarningsJP¥470.38b
Market CapJP¥10.28t

Price to Earnings Ratio vs Peers

How does TOEL.F's PE Ratio compare to its peers?

The above table shows the PE ratio for TOEL.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.5x
KLAC KLA
27.7x13.6%US$86.3b
LRCX Lam Research
22.2x12.3%US$96.2b
AMAT Applied Materials
19.4x7.8%US$153.3b
ENTG Entegris
64.5x51.1%US$15.3b
TOEL.F Tokyo Electron
21.9x13.3%US$10.3t

Price-To-Earnings vs Peers: TOEL.F is good value based on its Price-To-Earnings Ratio (21.9x) compared to the peer average (33.5x).

Price to Earnings Ratio vs Industry

How does TOEL.F's PE Ratio compare vs other companies in the US Semiconductor Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TOYO TOYO
4.7xn/aUS$160.91m
SQNS Sequans Communications
1.5x-156.5%US$66.23m
No more companies available in this PE range
TOEL.F 21.9xIndustry Avg. 30.5xNo. of Companies11PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TOEL.F is good value based on its Price-To-Earnings Ratio (21.9x) compared to the US Semiconductor industry average (31.9x).

Price to Earnings Ratio vs Fair Ratio

What is TOEL.F'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.

TOEL.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.9x
Fair PE Ratio32.8x

Price-To-Earnings vs Fair Ratio: TOEL.F is good value based on its Price-To-Earnings Ratio (21.9x) compared to the estimated Fair Price-To-Earnings Ratio (32.8x).

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 TOEL.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$146.58
US$220.32
+50.3%
14.5%US$265.72US$157.49n/a17
Nov ’25US$144.53
US$223.79
+54.8%
13.8%US$267.45US$169.61n/a17
Oct ’25US$174.55
US$245.84
+40.8%
14.5%US$307.19US$187.38n/a18
Sep ’25US$178.05
US$255.26
+43.4%
14.7%US$325.01US$203.56n/a19
Aug ’25US$191.28
US$250.99
+31.2%
13.2%US$300.70US$186.00n/a19
Jul ’25US$216.61
US$254.16
+17.3%
14.3%US$305.21US$188.79n/a19
Jun ’25US$211.80
US$253.41
+19.6%
16.5%US$309.15US$152.98n/a19
May ’25US$219.00
US$253.57
+15.8%
15.9%US$311.76US$155.23n/a19
Apr ’25US$253.79
US$256.77
+1.2%
15.6%US$318.39US$158.53n/a19
Mar ’25US$262.95
US$232.43
-11.6%
20.6%US$298.64US$139.37n/a20
Feb ’25US$189.46
US$188.03
-0.8%
12.0%US$223.57US$142.27n/a19
Jan ’25US$177.79
US$181.13
+1.9%
16.7%US$212.79US$106.39n/a19
Dec ’24US$160.30
US$159.61
-0.4%
20.1%US$195.62US$89.94n/a20
Nov ’24US$132.04
US$149.42
+13.2%
17.3%US$174.87US$89.67US$144.5320
Oct ’24US$137.25
US$146.68
+6.9%
17.8%US$173.81US$89.13US$174.5520
Sep ’24US$149.94
US$146.13
-2.5%
18.7%US$177.75US$91.15US$178.0519
Aug ’24US$150.83
US$149.10
-1.1%
17.3%US$186.12US$95.44US$191.2819
Jul ’24US$144.22
US$144.88
+0.5%
16.1%US$183.14US$98.61US$216.6118
Jun ’24US$142.22
US$136.08
-4.3%
14.5%US$164.57US$100.17US$211.8017
May ’24US$111.80
US$132.78
+18.8%
12.9%US$162.55US$99.88US$219.0017
Apr ’24US$119.60
US$147.04
+22.9%
49.3%US$429.32US$100.43US$253.7917
Mar ’24US$116.18
US$126.11
+8.5%
12.2%US$158.83US$97.74US$262.9518
Feb ’24US$121.92
US$127.82
+4.8%
15.4%US$168.18US$90.56US$189.4618
Jan ’24US$98.80
US$118.75
+20.2%
16.9%US$160.18US$86.25US$177.7918
Dec ’23US$114.28
US$117.67
+3.0%
16.9%US$156.91US$84.49US$160.3018
Nov ’23US$89.60
US$106.70
+19.1%
21.4%US$159.45US$64.24US$132.0419

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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