Advantest Corp
XMUN:VAN
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A
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Advantest Corp
XMUN:VAN
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JP |
Intrinsic Value
The intrinsic value of 
Advantest Corp (VAN) under the Base Case is 161.33 EUR per share.
Compared with the current market price of 216.35 EUR, the stock appears
Overvalued by 25% .
The intrinsic value is calculated using the DCF method.
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 Advantest Does
Advantest makes test systems that chip companies use to check whether semiconductors work correctly before they are shipped. Its main products are automatic test equipment for memory chips and logic chips, along with tools that move, sort, and connect chips during testing. The company also sells software and support services that help customers set up and run these systems.
- Headquarters
- Japan JP
- Employees
- 7 001
- IPO date
- Feb 9, 1983
Advantest has a wide economic moat
Replacing Advantest's equipment means rebuilding test programs and production setups that customers have spent years developing, making a cheaper rival costly to adopt. Patented testing technology also prevents competitors from simply copying important features of its systems.
Read the full moat analysis
Revenue & Expenses Breakdown
Advantest Corp
Earnings Waterfall
Advantest Corp
The intrinsic value for Advantest Corp (VAN) under the Base Case is 161.33 EUR.
Compared with the current market price of 216.35 EUR, the stock appears Overvalued by 25% .