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Advantest Corporation (6857.T)

JPY28,915.00 +95.00 (+0.33%)
JP JPX Technology Semiconductors
Address Shin Marunouchi Center Building 100-0005
Tokyo, JP
CEO Douglas Lefever
IPO 2000-01-04
ISIN JP3122400009

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Also trades on Other OTC · ADTTF (USD) Other OTC · ATEYY (USD) Tokyo Stock Exchange · 6857.T (JPY)
Description

Advantest Corporation is a leading provider of advanced testing equipment for semiconductors and electronic components, in addition to mechatronics-based solutions. The company's operations are divided into three primary divisions: Semiconductor and Component Test System, Mechatronics System, and Services, Support, and Other. The Semiconductor and Component Test System segment focuses on delivering sophisticated testing apparatus for both the semiconductor and broader electronic parts sectors, including specialized systems for System-on-Chip (SoC) and memory semiconductor devices. Within the Mechatronics System segment, Advantest develops and supplies crucial products like test handlers, various mechatronic applications for semiconductor handling, and device interfaces, alongside its engagement in nanotechnology products. The Services, Support, and Other segment is responsible for offering comprehensive customer solutions and support for the other two divisions, managing the sale of consumables and pre-owned equipment, and providing equipment leasing services. Furthermore, the company dedicates significant resources to research and development in cutting-edge measurement and testing technologies. Advantest serves a diverse global clientele, encompassing fabless semiconductor firms, foundries, test houses, and a range of industrial, design, and manufacturing companies throughout Japan, the wider Asian region, the United States, and Europe. Noteworthy collaborations include a partnership with STMicroelectronics for advanced automated IC test cells and an alliance with PDF Solutions Inc. for cloud-based software offerings. Established in 1954, Advantest maintains its corporate headquarters in Tokyo, Japan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY28,915.00 +95.00 (+0.33%)
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Volume Profile
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Liquidity & share structure
Average Volume
10M
Beta
1.20
Float Shares
716.21M
Free Float %
98.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.65% -3.95% -7.40% -2.53% +27.19% +23.59% +255.23% +478.66% +958.44% +8,403.66% +7,206.99%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
28,915.00
DCF (Unlevered) 10,135.77 -64.9%
DCF (Levered) 12,828.86 -55.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 76% Bullish
Rating 2026-05 Change
Strong Buy 7 +1
Buy 9 0
Hold 5 -2
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
33.97
Safe zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
9 / 10
Strong MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Semiconductors: +12.5%
    +44.8% Q1'26: +41.2% (vs Q1'25)
  • EPS growth Semiconductors: +22.5%
    +135.5% Q1'26: +220.2% (vs Q1'25)
  • FCF margin FCF growth · Semiconductors: +38.2%
    +22.2% Q1'26: +33.0% (vs Q1'25)
  • EBIT margin Semiconductors: +10.7%
    +44.0% Q1'26: +46.8% (vs Q1'25)
  • ROIC Semiconductors: +6.0%
    +75.8% Q1'26: +95.0% (vs Q1'25)
  • Share dilution Semiconductors: +0.0%
    -1.1% Q1'26: -0.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Semiconductors: -0.75×
    0.04× Q1'26: 0.03× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.20) × ERP
WACC = 100% × Ke + 0% × Kd (13.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 10,135.77 Current price: 28,915.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
19 Rev. Ana.
19 EPS Ana.
Mar 2027
19 Rev. Ana.
21 EPS Ana.
Mar 2028
20 Rev. Ana.
19 EPS Ana.
Mar 2029
13 Rev. Ana.
12 EPS Ana.
Mar 2030
12 Rev. Ana.
5 EPS Ana.
Revenue
163.33B
est: 163.40B (0.0%)
162.11B
est: 156.66B (+3.5%)
155.92B
est: 158.29B (-1.5%)
207.22B
est: 196.54B (+5.4%)
282.46B
est: 278.08B (+1.6%)
275.89B
est: 270.93B (+1.8%)
312.79B
est: 306.59B (+2.0%)
416.90B
est: 414.82B (+0.5%)
560.19B
est: 549.66B (+1.9%)
486.51B
est: 523.98B (-7.2%)
779.71B
est: 753.29B (+3.5%)
1.08T
962.98B – 1.13T
+43.8% YoY
1.47T
1.18T – 1.59T
+35.3% YoY
1.75T
1.33T – 2.21T
+19.3% YoY
1.97T
1.97T – 1.97T
+12.4% YoY
1.66T
1.30T – 1.96T
-15.6% YoY
EBITDA
25.75B
est: 48.17B (-46.5%)
16.95B
est: 46.18B (-63.3%)
20.40B
est: 46.66B (-56.3%)
29.45B
est: 57.94B (-49.2%)
71.26B
est: 81.97B (-13.1%)
69.62B
est: 79.86B (-12.8%)
83.25B
est: 90.37B (-7.9%)
131.59B
est: 122.28B (+7.6%)
193.38B
est: 162.03B (+19.3%)
105.63B
est: 175.04B (-39.7%)
257.13B
est: 251.65B (+2.2%)
361.97B
321.70B – 375.99B
+43.8% YoY
489.64B
392.95B – 532.39B
+35.3% YoY
584.13B
445.61B – 737.30B
+19.3% YoY
656.83B
656.61B – 657.04B
+12.4% YoY
554.22B
432.77B – 655.53B
-15.6% YoY
EBIT
21.02B
est: 41.63B (-49.5%)
11.98B
est: 39.91B (-70.0%)
15.24B
est: 40.33B (-62.2%)
24.43B
est: 50.07B (-51.2%)
66.29B
est: 70.84B (-6.4%)
58.73B
est: 69.02B (-14.9%)
71.49B
est: 78.11B (-8.5%)
116.62B
est: 105.68B (+10.4%)
171.98B
est: 140.03B (+22.8%)
79.53B
est: 155.64B (-48.9%)
230.06B
est: 223.75B (+2.8%)
321.84B
286.04B – 334.31B
+43.8% YoY
435.36B
349.39B – 473.37B
+35.3% YoY
519.37B
396.21B – 655.56B
+19.3% YoY
584.01B
583.82B – 584.20B
+12.4% YoY
492.78B
384.79B – 582.86B
-15.6% YoY
Net Income
12.95B
est: 13.43B (-3.6%)
6.69B
est: 7.01B (-4.5%)
14.20B
est: 13.70B (+3.7%)
18.10B
est: 16.25B (+11.4%)
56.99B
est: 51.16B (+11.4%)
53.53B
est: 45.80B (+16.9%)
69.79B
est: 56.56B (+23.4%)
87.30B
est: 84.26B (+3.6%)
130.40B
est: 129.65B (+0.6%)
62.29B
est: 76.96B (-19.1%)
161.18B
est: 166.54B (-3.2%)
321.03B
276.14B – 365.91B
+92.8% YoY
487.43B
385.03B – 632.45B
+51.8% YoY
597.29B
458.81B – 820.85B
+22.5% YoY
666.36B
616.52B – 835.36B
+11.6% YoY
565.26B
404.24B – 699.60B
-15.2% YoY
SGA
41.66B
est: 24.38B (+70.9%)
44.37B
est: 23.38B (+89.8%)
41.12B
est: 23.62B (+74.1%)
45.01B
est: 29.33B (+53.4%)
51.38B
est: 41.50B (+23.8%)
49.99B
est: 40.43B (+23.6%)
53.42B
est: 45.75B (+16.8%)
61.48B
est: 61.91B (-0.7%)
77.91B
est: 82.03B (-5.0%)
75.08B
est: 81.62B (-8.0%)
104.90B
est: 117.34B (-10.6%)
168.78B
150.00B – 175.32B
+43.8% YoY
228.31B
183.23B – 248.25B
+35.3% YoY
272.37B
207.78B – 343.79B
+19.3% YoY
306.27B
306.17B – 306.37B
+12.4% YoY
258.42B
201.79B – 305.67B
-15.6% YoY
EPS
24.04
est: 18.17 (+32.3%)
9.59
est: 9.48 (+1.1%)
20.27
est: 18.53 (+9.4%)
25.49
est: 21.98 (+16.0%)
75.59
est: 69.20 (+9.2%)
67.53
est: 61.95 (+9.0%)
88.47
est: 76.50 (+15.6%)
112.39
est: 113.97 (-1.4%)
174.35
est: 175.37 (-0.6%)
84.45
est: 104.31 (-19.0%)
218.67
est: 233.25 (-6.3%)
463.61
377.62 – 500.38
+98.8% YoY
686.58
526.52 – 864.87
+48.1% YoY
846.29
627.43 – 1,122.51
+23.3% YoY
977.33
843.09 – 1,142.36
+15.5% YoY
773.00
552.80 – 956.71
-20.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-28 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-27 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-26 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-25 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-22 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-21 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-20 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-19 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-18 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-15 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-14 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-13 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-12 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-11 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-08 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-07 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-01 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-04-30 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-04-28 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-04-27 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-24 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-23 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-22 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-21 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-20 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-17 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-16 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-15 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-14 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
351.62B
OE per share TTM
481.00
Owner's Yield
1.85%
Maintenance CapEx ratio
4.17%
Maint CapEx / Avg PPE
14.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
73.38M
Shares Outstanding
725.52M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Douglas Lefever Group Chief Executive Officer, Senior Executive Officer & Representative Director 313M male
Koichi Tsukui President, Group Chief Operating Officer, Senior Executive Officer & Representative Director 121M male
Soichi Tsukakoshi Managing Executive Officer & Chief Production Officer 97M male
Keith Hardwick Chief Human Capital Officer & Senior Executive Officer male
Kesa Yorozu Chief Legal Officer & Senior Executive Officer
Makoto Nakahara Senior Executive Officer male
Michael Stichlmair Executive Officer & Senior Vice President of Sales Group male
Tomoki Nagashima Corporate Planning & Investor Relations Manager male
Yasuo Mihashi Chief Stakeholder Relations Officer & Senior Executive Officer male
Yong Xu China Business Strategy & Senior Executive Officer male
Hisako Takada Senior Executive Officer & Chief Financial Officer female
Juergen Serrer Chief Technology Officer, Executive Vice President of ATE Business Group & Senior Executive Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits