Research Development - Wintest Corp (TSE:6721)

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Price: 116 JPY Market Closed

Market Cap: ¥6.2B

Wintest Corp
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Wintest Corp
Research & Development Peer Comparison

Company		Research & Development	CAGR 3Y	CAGR 5Y	CAGR 10Y
W	Wintest Corp TSE:6721	Research & Development N/A	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
	Keyence Corp TSE:6861	Research & Development N/A	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
	Shimadzu Corp TSE:7701	Research & Development N/A	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
	Yokogawa Electric Corp TSE:6841	Research & Development N/A	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
	Azbil Corp TSE:6845	Research & Development N/A	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
	Horiba Ltd TSE:6856	Research & Development N/A	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A

Wintest Corp
Glance View

Market Cap

6.2B JPY

Industry

Electrical Equipment

Wintest Corp. engages in the development, design, manufacture, sale and technology consultantation of measuring circuit for OLED, LCD, LCOS, CCCD, CMOS Image Sensor and Analog Mixed Signal IC. The company is headquartered in Yokohama, Kanagawa-Ken and currently employs 87 full-time employees. The company went IPO on 2003-09-03. The firm primarily engaged in the lending, design, sales and technical support of semiconductor inspection equipment. The Semiconductor Inspection Equipment business is engaged in the development, design, sales, lending and technical support of inspection device used for testing process in the manufacturing processes, including image sensor processing, display processing and display driver integrated circuit processing. The New Energy Related business is engaged in the inspection, maintenance and warranty management of solar power system.

View Wintest Corp Analysis

Intrinsic Value

Overvaluation 93%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Wintest Corp
TSE:6721

Wintest Corp
Research & Development

Wintest Corp
Research & Development Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Wintest Corp
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Wintest Corp TSE:6721

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Wintest Corp Research & Development Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

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Wintest Corp
TSE:6721

Wintest Corp
Research & Development

Wintest Corp
Research & Development Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Wintest Corp
Glance View