Industrial AutomationSoftware DevelopmentDetectors, Sensors and MemsProcess AutomationSensorsManufacturingMechanical EngineeringProduct DesignSemiconductor
Description
Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products.
Business Segments
The company operates through segments: semiconductor test systems, measured test solutions, system-lev…
Analysis
Quality compounder
Advantest Corporation earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 50.3×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 19% a year, against analyst forecasts of 34%. The price, in other words, assumes less than the experts do.
Growth is solid; the safety picture is sturdy. The company scores 20/20 on our value-creation score: strong value creator.
Flags to be aware of: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202311
61
2023202420252026
All-time high
61
Jun 2026
All-time low
11
Jan 2023
Average rank
42
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
16
10
9
25
Price/Earnings
43
29
27
37
Price/Book
10
3
10
13
Dividend Yield
37
27
11
33
Value (overall)
26
17
9
21
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.