TOKYO ELECTRON LTD. Financials Tokyo Electron Ltd. Deutsche Boerse AG
Equities
TKY
JP3571400005
Semiconductor Equipment & Testing
|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 218.4 EUR | -0.43% |
|
+7.60% | +37.10% |
| 08:42am | Japan's Nikkei hits all-time high, tops 42,000 on Wall Street gains | RE |
| 05:06am | Japan's Nikkei crosses 42,000 points as Wall Street rally spurs sentiment | RE |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,165,208 | 7,276,081 | 9,849,367 | 7,511,064 | 18,317,132 | 17,421,877 | - | - |
| Enterprise Value (EV) 1 | 2,826,802 | 6,964,529 | 9,478,093 | 7,037,964 | 17,844,584 | 16,950,778 | 16,808,277 | 16,662,049 |
| P/E ratio | 17.4 x | 30 x | 22.5 x | 15.9 x | 50.5 x | 37.6 x | 28.8 x | 24.1 x |
| Yield | 2.89% | 1.67% | 2.22% | 3.56% | 0.99% | 1.34% | 1.74% | 2.08% |
| Capitalization / Revenue | 2.81 x | 5.2 x | 4.92 x | 3.4 x | 10 x | 7.74 x | 6.6 x | 5.8 x |
| EV / Revenue | 2.51 x | 4.98 x | 4.73 x | 3.19 x | 9.75 x | 7.53 x | 6.37 x | 5.55 x |
| EV / EBITDA | 10.6 x | 19.6 x | 14.9 x | 10.7 x | 35.1 x | 25.7 x | 19.8 x | 17 x |
| EV / FCF | 13.9 x | 54.6 x | 41.6 x | 19.6 x | 57.6 x | 56.1 x | 35.4 x | 29.2 x |
| FCF Yield | 7.21% | 1.83% | 2.4% | 5.11% | 1.73% | 1.78% | 2.82% | 3.43% |
| Price to Book | 3.86 x | 7.18 x | 7.38 x | 4.73 x | 10.5 x | 9.12 x | 7.83 x | 6.7 x |
| Nbr of stocks (in thousands) | 466,501 | 466,515 | 467,164 | 468,271 | 462,905 | 460,652 | - | - |
| Reference price 2 | 6,785 | 15,597 | 21,083 | 16,040 | 39,570 | 37,820 | 37,820 | 37,820 |
| Announcement Date | 4/30/20 | 4/30/21 | 5/12/22 | 5/11/23 | 5/10/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,127,286 | 1,399,102 | 2,003,805 | 2,209,025 | 1,830,527 | 2,251,919 | 2,638,695 | 3,004,153 |
| EBITDA 1 | 266,595 | 354,727 | 635,998 | 660,650 | 508,602 | 660,358 | 848,583 | 978,118 |
| EBIT 1 | 237,292 | 320,685 | 599,271 | 617,723 | 456,263 | 609,189 | 794,332 | 946,405 |
| Operating Margin | 21.05% | 22.92% | 29.91% | 27.96% | 24.93% | 27.05% | 30.1% | 31.5% |
| Earnings before Tax (EBT) 1 | 244,626 | 317,038 | 596,698 | 624,856 | 473,439 | 611,345 | 802,470 | 965,921 |
| Net income 1 | 185,206 | 242,941 | 437,076 | 471,584 | 363,963 | 464,768 | 605,965 | 722,046 |
| Net margin | 16.43% | 17.36% | 21.81% | 21.35% | 19.88% | 20.64% | 22.96% | 24.03% |
| EPS 2 | 390.2 | 520.7 | 935.9 | 1,008 | 783.8 | 1,005 | 1,312 | 1,567 |
| Free Cash Flow 1 | 203,748 | 127,614 | 227,755 | 359,373 | 309,572 | 302,264 | 474,156 | 571,058 |
| FCF margin | 18.07% | 9.12% | 11.37% | 16.27% | 16.91% | 13.42% | 17.97% | 19.01% |
| FCF Conversion (EBITDA) | 76.43% | 35.98% | 35.81% | 54.4% | 60.87% | 45.77% | 55.88% | 58.38% |
| FCF Conversion (Net income) | 110.01% | 52.53% | 52.11% | 76.21% | 85.06% | 65.04% | 78.25% | 79.09% |
| Dividend per Share 2 | 196.0 | 260.3 | 467.7 | 570.3 | 393.0 | 505.6 | 658.2 | 788.3 |
| Announcement Date | 4/30/20 | 4/30/21 | 5/12/22 | 5/11/23 | 5/10/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 | 2026 Q1 | 2026 S1 | 2026 S2 | 2027 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 618,844 | 668,160 | 730,942 | 932,514 | 506,474 | 564,817 | 1,071,291 | 473,654 | 709,243 | 1,182,897 | 467,831 | 558,297 | 1,026,128 | 391,746 | 427,826 | 819,572 | 463,662 | 547,293 | 1,010,955 | 501,975 | 521,383 | 980,000 | 575,860 | 630,328 | 1,250,000 | 613,000 | - | - | - |
| EBITDA 1 | - | - | - | - | 165,602 | 178,854 | - | 127,243 | 242,598 | - | 125,976 | 164,833 | - | 93,037 | 108,762 | - | 146,265 | 160,574 | - | 143,709 | 147,646 | - | 174,317 | 193,977 | - | 179,000 | - | - | - |
| EBIT 1 | 134,838 | 147,429 | 173,256 | 274,647 | 156,044 | 168,580 | 324,624 | 117,519 | 232,646 | 350,165 | 114,771 | 152,787 | 267,558 | 82,433 | 96,145 | 178,578 | 132,460 | 145,225 | 277,685 | 129,237 | 134,775 | 248,000 | 162,212 | 186,700 | 352,000 | 177,333 | - | - | - |
| Operating Margin | 21.79% | 22.06% | 23.7% | 29.45% | 30.81% | 29.85% | 30.3% | 24.81% | 32.8% | 29.6% | 24.53% | 27.37% | 26.07% | 21.04% | 22.47% | 21.79% | 28.57% | 26.54% | 27.47% | 25.75% | 25.85% | 25.31% | 28.17% | 29.62% | 28.16% | 28.93% | - | - | - |
| Earnings before Tax (EBT) 1 | - | 147,709 | 169,329 | 273,050 | 155,518 | 168,130 | 323,648 | 117,642 | 235,274 | 352,916 | 116,302 | 155,638 | 271,940 | 83,014 | 98,122 | 181,136 | 134,443 | 157,860 | 292,303 | 128,100 | 130,820 | 237,000 | 155,940 | 178,540 | 287,000 | 182,500 | - | - | - |
| Net income 1 | 106,484 | 112,012 | 130,929 | 200,219 | 110,026 | 126,831 | 236,857 | 88,095 | 179,251 | 267,346 | 85,574 | 118,664 | 204,238 | 64,312 | 73,179 | 137,491 | 101,533 | 124,939 | 226,472 | 93,336 | 101,081 | 170,486 | 122,713 | 138,839 | 278,000 | 135,700 | - | - | - |
| Net margin | 17.21% | 16.76% | 17.91% | 21.47% | 21.72% | 22.46% | 22.11% | 18.6% | 25.27% | 22.6% | 18.29% | 21.25% | 19.9% | 16.42% | 17.1% | 16.78% | 21.9% | 22.83% | 22.4% | 18.59% | 19.39% | 17.4% | 21.31% | 22.03% | 22.24% | 22.14% | - | - | - |
| EPS 2 | 226.8 | 240.1 | 280.6 | 428.9 | 232.2 | 274.9 | 507.0 | 188.5 | 383.2 | 571.8 | 182.7 | 253.4 | 436.1 | 137.5 | 157.7 | 295.1 | 219.0 | 269.6 | 488.6 | 210.0 | 215.9 | 366.7 | 271.6 | 298.4 | 534.2 | 302.5 | - | - | - |
| Dividend per Share 2 | 114.0 | 120.0 | 140.3 | 214.3 | - | 253.3 | 253.3 | - | 285.7 | 285.7 | - | 284.7 | 284.7 | - | 148.0 | 148.0 | - | 245.0 | 245.0 | - | 236.8 | 212.7 | - | 252.8 | 277.0 | - | 289.0 | 358.0 | 350.0 |
| Announcement Date | 4/30/20 | 10/29/20 | 4/30/21 | 11/12/21 | 2/10/22 | 5/12/22 | 5/12/22 | 8/8/22 | 11/10/22 | 11/10/22 | 2/9/23 | 5/11/23 | 5/11/23 | 8/10/23 | 11/10/23 | 11/10/23 | 2/9/24 | 5/10/24 | 5/10/24 | - | - | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 338,406 | 311,552 | 371,274 | 473,100 | 472,548 | 471,099 | 613,600 | 759,828 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 203,748 | 127,614 | 227,755 | 359,373 | 309,572 | 302,264 | 474,156 | 571,058 |
| ROE (net income / shareholders' equity) | 21.8% | 26.5% | 37.2% | 32.3% | 21.8% | 25.4% | 29% | 30% |
| ROA (Net income/ Total Assets) | 19.3% | 23.8% | 36.3% | 29.7% | 19.4% | 20.1% | 21.5% | 23.1% |
| Assets 1 | 958,664 | 1,019,671 | 1,205,714 | 1,586,336 | 1,873,329 | 2,307,572 | 2,818,262 | 3,131,178 |
| Book Value Per Share 2 | 1,756 | 2,171 | 2,857 | 3,390 | 3,773 | 4,145 | 4,833 | 5,642 |
| Cash Flow per Share 2 | 452.0 | 593.0 | 1,015 | 1,100 | 896.0 | 1,168 | 1,624 | 1,634 |
| Capex 1 | 49,369 | 53,806 | 56,153 | 66,897 | 124,980 | 170,286 | 130,170 | 141,667 |
| Capex / Sales | 4.38% | 3.85% | 2.8% | 3.03% | 6.83% | 7.56% | 4.93% | 4.72% |
| Announcement Date | 4/30/20 | 4/30/21 | 5/12/22 | 5/11/23 | 5/10/24 | - | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
37,820
JPY
Average target price
39,958
JPY
Spread / Average Target
+5.65%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +43.92% | 147B | |
| +32.96% | 23.76B | |
| +19.99% | 21.68B | |
| +54.78% | 11.66B | |
| +30.51% | 10.69B | |
| +36.59% | 9.93B | |
| +96.31% | 6.15B | |
| +47.38% | 5.65B | |
| -34.97% | 5.15B |
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