Tokyo Electron: Approaching A Reasonable Valuation Once Again [Seeking Alpha]
TOKYO ELECTRON UNSP/ADR (TOELY)
NASDAQ:AMEX Investor Relations:
tel.com/ir
Company Research
Source: Seeking Alpha
WideAlpha 5.39K Follower s Follow Summary Tokyo Electron's valuation is nearing reasonable levels after a period of overvaluation, with recent financial results showing strong revenue and profit growth, despite a challenging semiconductor market. The company continues to ramp up its R&D spending and capital expenditures, developing innovative products like the "Episode Series" and "Acrevia". While the company forecasts robust growth in FY2025, potential risks include reduced customer expansion plans and broader economic uncertainties. Tokyo Electron's valuation multiples remain slightly above historical averages, but are quickly approaching what we consider to be reasonable levels. BING-JHEN HONG/iStock Editorial via Getty Images We began covering Tokyo Electron ( OTCPK:TOELY OTCPK:TOELF ) a little over two years ago, and since then, shares have meaningfully outperformed the S&P 500 Index ( SP500 SPY ). Last year, we updated our thesis to a 'Hold', as we saw shares
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News
- Stock market today: Asian shares mostly slip despite Nvidia's solid earnings report [Yahoo! Finance Canada]Yahoo! Finance Canada
- Stock market today: Asian shares mostly slip despite Nvidia's solid earnings report [Yahoo! Finance Canada]Yahoo! Finance Canada
- Stock market today: Asian shares mostly slip despite Nvidia's solid earnings report [Yahoo! Finance]Yahoo! Finance
- Tokyo Electron hikes FY profit forecast by 8.5% [Yahoo! Finance]Yahoo! Finance
- Matthews Japan Fund's Strategic Moves: A Deep Dive into Tokyo Electron's Exit and Other Key Changes [Yahoo! Finance]Yahoo! Finance
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Analyst Actions
- 10/9/24 - Sanford C. Bernstein