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Advantest Corp
XMUN:VAN

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Advantest Corp
XMUN:VAN
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Price: 131.18 EUR -3.03% Market Closed
Market Cap: €96.8B

EV/EBIT

41.7
Current
31%
More Expensive
vs 3-y median of 31.9

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
41.7
=
Enterprise Value
€20.5T
/
EBIT
¥410B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
41.7
=
Enterprise Value
€20.5T
/
EBIT
¥410B

Valuation Scenarios

Advantest Corp is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (31.9), the stock would be worth €100.4 (23% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-67%
Maximum Upside
No Upside Scenarios
Average Downside
45%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 41.7 €131.18
0%
3-Year Average 31.9 €100.4
-23%
5-Year Average 19.4 €60.94
-54%
Industry Average 27.5 €86.45
-34%
Country Average 13.6 €42.89
-67%

Forward EV/EBIT
Today’s price vs future ebit

Not enough data available to calculate forward EV/EBIT

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
JP
Advantest Corp
XMUN:VAN
17.4T EUR 41.7 60.4
NL
ASML Holding NV
AEX:ASML
443.3B EUR 38.4 46.1
US
Lam Research Corp
NASDAQ:LRCX
285.7B USD 40.8 46
US
Applied Materials Inc
NASDAQ:AMAT
283.4B USD 33.5 36.1
US
KLA Corp
NASDAQ:KLAC
196.5B USD 36.1 43.1
US
Brooks Automation Inc
LSE:0HQ1
182.2B USD -10 792.5 -3 149.4
JP
Tokyo Electron Ltd
TSE:8035
18T JPY 29.2 35.8
CN
NAURA Technology Group Co Ltd
SZSE:002371
333.1B CNY 48.3 53
JP
Disco Corp
TSE:6146
7.5T JPY 41.2 57.5
US
Teradyne Inc
NASDAQ:TER
45.4B USD 65.7 81.9
NL
ASM International NV
AEX:ASM
31.5B EUR 32.2 43.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
JP
Advantest Corp
XMUN:VAN
Average EV/EBIT: 40.7
41.7
N/A N/A
NL
ASML Holding NV
AEX:ASML
38.4
22%
1.7
US
Lam Research Corp
NASDAQ:LRCX
40.8
25%
1.6
US
Applied Materials Inc
NASDAQ:AMAT
33.5
16%
2.1
US
KLA Corp
NASDAQ:KLAC
36.1
19%
1.9
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -10 792.5 N/A N/A
JP
Tokyo Electron Ltd
TSE:8035
29.2
N/A N/A
CN
NAURA Technology Group Co Ltd
SZSE:002371
48.3
27%
1.8
JP
Disco Corp
TSE:6146
41.2
N/A N/A
US
Teradyne Inc
NASDAQ:TER
65.7
41%
1.6
NL
ASM International NV
AEX:ASM
32.2
18%
1.8

Market Distribution

Lower than 100% of companies in Japan
Percentile
0th
Based on 4 801 companies
0th percentile
0.2
Low
0.1 — 9.8
Typical Range
9.8 — 18.1
High
18.1 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 9.8
Median 13.6
70th Percentile 18.1
Max 414 821 439

Advantest Corp
Glance View

In the bustling world of semiconductor production, Advantest Corp. has carved out a significant niche for itself as a leading provider of semiconductor test equipment. Founded in Japan’s capital, Tokyo, Advantest has risen to prominence by arming chip manufacturers with the essential tools required to ensure their products meet rigorous standards before reaching the market. The company's core business surrounds the design, production, and marketing of automatic test equipment (ATE) for semiconductors, which are indispensable in verifying the performance and reliability of integrated circuits. As the demand for electronics continues to surge globally, fueled by sectors such as mobile technology, automotive electronics, and data centers, Advantest’s role as a gatekeeper in semiconductor quality remains ever crucial. Advantest's financial model thrives on the backbone of innovation and cutting-edge technology. The firm invests heavily in research and development, continuously seeking advancements that will speed up testing times and reduce costs, thereby providing a competitive edge to their clients in the semiconductor industry. Revenue streams primarily flow from the sale of these advanced testing machines, which are crucial for tech giants as they race to shrink chip sizes while increasing computing power. With its global presence, Advantest not only supplies these high-tech tools but also offers associated services and support, further solidifying its relationships within the intricate semiconductor supply chain, ensuring that as technology evolves, so does their foothold in the marketplace.

VAN Intrinsic Value
43.76 EUR
Overvaluation 67%
Intrinsic Value
Price
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