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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 5.2x - 5.7x | 5.5x |
Historical Pb Multiple | 4.1x - 11.6x | 8.0x |
Fair Value | ¥20,355 - ¥22,498 | ¥21,426 |
Upside | 4.3% - 15.3% | 9.8% |
Benchmarks | - | Full Ticker |
Disco Corporation | 614,600.0% | TSE:6146 |
SCREEN Holdings Co., Ltd. | 773,500.0% | TSE:7735 |
Tokyo Seimitsu Co., Ltd. | 772,900.0% | TSE:7729 |
Japan Electronic Materials Corporation | 685,500.0% | TSE:6855 |
Micronics Japan Co., Ltd. | 687,100.0% | TSE:6871 |
Tokyo Electron Limited | 803,500.0% | TSE:8035 |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
6146 | 7735 | 7729 | 6855 | 6871 | 8035 | |||
TSE:6146 | TSE:7735 | TSE:7729 | TSE:6855 | TSE:6871 | TSE:8035 | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 35.0% | 31.3% | 5.7% | -5.1% | 58.6% | 8.0% | ||
3Y CAGR | 23.2% | 67.0% | 16.8% | -32.7% | 2.3% | 14.4% | ||
Latest Twelve Months | 47.1% | 58.5% | 41.5% | 227.9% | 113.5% | 47.1% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 26.1% | 9.7% | 14.0% | 10.7% | 13.0% | 19.9% | ||
Prior Fiscal Year | 27.4% | 12.5% | 16.1% | 12.6% | 10.8% | 21.3% | ||
Latest Fiscal Year | 31.5% | 14.0% | 14.4% | 3.6% | 15.8% | 19.9% | ||
Latest Twelve Months | 31.5% | 15.5% | 18.1% | 13.4% | 15.8% | 22.6% | ||
Return on Equity | ||||||||
5 Year Average Margin | 22.6% | 16.3% | 13.6% | 12.0% | 13.7% | 29.3% | ||
Prior Fiscal Year | 22.3% | 21.0% | 17.1% | 11.3% | 10.3% | 32.0% | ||
Latest Twelve Months | 27.6% | 25.8% | 17.0% | 10.7% | 19.4% | 31.2% | ||
Next Fiscal Year | 23.3% | 23.7% | 13.5% | 11.6% | 20.9% | 31.4% | ||
Two Fiscal Years Forward | 22.4% | 19.7% | 14.2% | 13.6% | 22.0% | 32.8% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 7.4x | 1.4x | 2.0x | 1.0x | 2.0x | 3.8x | ||
Price / LTM EPS | 23.4x | 9.3x | 11.3x | 7.6x | 12.9x | 17.0x | ||
Price / Book | 5.9x | 2.1x | 1.8x | 0.8x | 2.3x | 5.0x | ||
Price / Fwd Book | 4.7x | 2.0x | 1.8x | 0.8x | 1.9x | 5.1x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 0.8x | 2.1x | 5.9x | |||||
Historical P/B Ratio | 4.1x | 8.0x | 11.6x | |||||
Selected P/B Multiple | 5.2x | 5.5x | 5.7x | |||||
(x) Book Value | 1,798,124 | 1,798,124 | 1,798,124 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 6146 | 7735 | 7729 | 6855 | 6871 | 8035 | |
Value of Common Equity | 2,900,909 | 868,023 | 304,053 | 20,577 | 113,625 | 8,939,145 | |
(/) Shares Outstanding | 108.4 | 94.4 | 40.5 | 12.6 | 38.7 | 458.1 | |
Implied Stock Price | 26,760.00 | 9,196.00 | 7,514.00 | 1,629.00 | 2,933.00 | 19,515.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 26,760.00 | 9,196.00 | 7,514.00 | 1,629.00 | 2,933.00 | 19,515.00 | |
Trading Currency | JPY | JPY | JPY | JPY | JPY | JPY | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |