Projected Income Statement: Lasertec Corporation

Forecast Balance Sheet: Lasertec Corporation

Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -27,918 -13,495 -24,773 -38,152 -86,087 -138,748 -167,297 -220,814
Change - 51.66% -83.57% -54.01% -125.64% -61.17% -20.58% -31.99%
Announcement Date 8/6/21 8/5/22 8/7/23 8/7/24 8/7/25 - - -
1JPY in Million
Estimates

Cash Flow Forecast: Lasertec Corporation

Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 3,639 5,420 20,545 3,532 2,113 2,727 4,062 4,300
Change - 48.95% 279.06% -82.81% -40.18% 29.07% 48.96% 5.85%
Free Cash Flow (FCF) 1 6,785 -8,852 20,003 29,746 75,454 76,663 75,050 78,445
Change - -230.47% 325.97% 48.71% 153.66% 1.6% -2.1% 4.52%
Announcement Date 8/6/21 8/5/22 8/7/23 8/7/24 8/7/25 - - -
1JPY in Million
Estimates

Forecast Financial Ratios: Lasertec Corporation

Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 39.46% 39.81% 43.04% 40.33% 50.71% 48% 49.73% 48.86%
EBIT Margin (%) 37.12% 35.95% 40.76% 38.11% 48.85% 46.24% 47.87% 48.47%
EBT Margin (%) 37.64% 37.16% 41.66% 38.42% 47.5% 47.73% 47.38% 49.15%
Net margin (%) 27.4% 27.5% 30.21% 27.67% 33.66% 33.36% 34.42% 34.78%
FCF margin (%) 9.66% -9.79% 13.09% 13.93% 30% 33.84% 27.5% 23.19%
FCF / Net Income (%) 35.25% -35.62% 43.33% 50.35% 89.13% 101.44% 79.88% 66.67%

Profitability

        
ROA 26.37% 22.59% 28.28% 30.22% 39.76% 25.96% 26.65% 28.08%
ROE 40.8% 38.9% 50.8% 45.4% 46.9% 32.79% 33.62% 33.92%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 5.18% 6% 13.44% 1.65% 0.84% 1.2% 1.49% 1.27%
CAPEX / EBITDA (%) 13.13% 15.07% 31.24% 4.1% 1.66% 2.51% 2.99% 2.6%
CAPEX / FCF (%) 53.63% -61.23% 102.71% 11.87% 2.8% 3.56% 5.41% 5.48%

Items per share

        
Cash flow per share 1 231.7 314.2 550.6 707.4 990.4 677.8 786.7 1,008
Change - 35.61% 75.23% 28.5% 40% -31.57% 16.06% 28.15%
Dividend per Share 1 75 97 180 230 329 322.8 366.3 454.1
Change - 29.33% 85.57% 27.78% 43.04% -1.88% 13.48% 23.97%
Book Value Per Share 1 611.8 806.4 1,210 1,678 2,327 2,729 3,381 4,237
Change - 31.82% 50.04% 38.64% 38.72% 17.27% 23.89% 25.33%
EPS 1 213.5 275.6 511.9 655 938.6 840.7 1,046 1,309
Change - 29.09% 85.76% 27.97% 43.29% -10.43% 24.4% 25.2%
Nbr of stocks (in thousands) 90,178 90,181 90,184 90,187 90,190 89,631 89,631 89,631
Announcement Date 8/6/21 8/5/22 8/7/23 8/7/24 8/7/25 - - -
1JPY
Estimates
2026 *2027 *
P/E 65.5x 52.7x
PBR 20.2x 16.3x
EV / Sales 21.2x 17.5x
Yield 0.59% 0.66%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
55,100.00JPY
Average target price
43,166.67JPY
Spread / Average Target
-21.66%

Quarterly revenue - Rate of surprise

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