Disco Corp
TSE:6146
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Disco Corp
TSE:6146
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JP |
Intrinsic Value
The intrinsic value of Disco Corp (6146) under the Base Case is 72 515.99 JPY per share.
Compared with the current market price of 49 290 JPY, the stock appears
Undervalued by 32% .
The intrinsic value is calculated using the DCF method. The model assumes Disco Corp's revenue grows 29% in 2027, then slows to average 16% a year over the next five years, versus 19% over the last five. If revenue growth repeated that past pace, the estimate would be about ¥93,000.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Disco Does
Disco Corp makes precision equipment and consumables used to cut, grind, polish, and dice hard materials, especially semiconductor wafers and electronic components. Its machines help chip makers turn large wafers into smaller chips and package them without cracking or contaminating the material. The company also sells the blades, wheels, and other tools that wear out during this process, plus maintenance and support services for its equipment.
- Headquarters
- Japan JP
- Employees
- 5 256
- IPO date
- Dec 7, 1999
Disco has a wide economic moat
Replacing DISCO's equipment means revisiting carefully tested combinations of machines, blades, grinding wheels and production settings, creating costly work and a risk of damaged chips. Its patents also restrict copying of its processing technology, making it harder for competitors to offer a direct replacement.
Read the full moat analysis
Revenue & Expenses Breakdown
Disco Corp
Earnings Waterfall
Disco Corp
The intrinsic value for Disco Corp (6146) under the Base Case is 72 515.99 JPY.
Compared with the current market price of 49 290 JPY, the stock appears Undervalued by 32% .