Company Valuation: Advantest Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,859,608 2,237,070 5,033,620 4,748,144 14,755,312 23,369,638 - -
Change - 20.3% 125.01% -5.67% 210.76% 58.38% - -
Enterprise Value (EV) 1 1,786,489 2,202,377 5,021,361 4,579,103 14,435,538 22,820,358 22,538,585 22,117,260
Change - 23.28% 128% -8.81% 215.25% 58.08% -1.23% -1.87%
P/E 21.5x 17.4x 80.7x 29.6x 39.5x 35.2x 28.3x 25.1x
PBR 6.23x 6.07x 11.7x 9.37x 18.5x 19x 12.8x 9.18x
PEG - 0.3x -1.6x 0x 0x 0.5x 1.2x 1.9x
Capitalization / Revenue 4.46x 3.99x 10.3x 6.09x 13.1x 13.3x 10.8x 9.31x
EV / Revenue 4.29x 3.93x 10.3x 5.87x 12.8x 13x 10.4x 8.81x
EV / EBITDA 13.8x 11.6x 46.6x 17.9x 27.5x 25.5x 20.4x 17.9x
EV / EBIT 15.6x 13.1x 61.5x 20.1x 28.9x 26.1x 20.3x 17.4x
EV / FCF 55.9x 50.6x 1,062x 17.1x 48.3x 47.2x 31.6x 23.1x
FCF Yield 1.79% 1.98% 0.09% 5.86% 2.07% 2.12% 3.16% 4.33%
Dividend per Share 2 30 33.75 34.25 39 59 91.13 112 145.3
Rate of return 1.24% 1.11% 0.5% 0.6% 0.29% 0.28% 0.35% 0.45%
EPS 2 112.4 174.4 84.45 218.7 515.2 916.6 1,140 1,288
Distribution rate 26.7% 19.4% 40.6% 17.8% 11.5% 9.94% 9.83% 11.3%
Net sales 1 416,901 560,191 486,507 779,707 1,128,610 1,757,390 2,164,785 2,510,826
EBITDA 1 129,702 189,083 107,732 255,236 524,732 893,659 1,103,036 1,235,091
EBIT 1 114,734 167,687 81,628 228,161 499,120 873,796 1,109,143 1,274,516
Net income 1 87,301 130,400 62,290 161,177 375,353 664,289 823,760 928,344
Net Debt 1 -73,119 -34,693 -12,259 -169,041 -319,774 -549,281 -831,053 -1,252,378
Reference price 2 2,417.50 3,040.00 6,819.00 6,472.00 20,330.00 32,280.00 32,280.00 32,280.00
Nbr of stocks (in thousands) 769,228 735,878 738,176 733,644 725,790 723,966 - -
Announcement Date 4/27/22 4/26/23 4/26/24 4/25/25 4/27/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
Average
Weighted average by Cap.

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. 6857 Stock
  4. Valuation Advantest Corporation